Welcome to our dedicated page for Usio news (Ticker: USIO), a resource for investors and traders seeking the latest updates and insights on Usio stock.
Usio, Inc. operates a cloud-based FinTech payments business that provides integrated electronic payment and embedded financial solutions. Its platforms support credit, debit/prepaid and ACH processing, payment acceptance, card issuance, bill payments and disbursement services for merchants, billers, banks, service bureaus, integrated software vendors and card issuers.
Company updates commonly cover quarterly financial results, processing volume and transaction trends, ACH and credit card activity, prepaid and programmable card products, and developments in the Usio Output Solutions division, which provides electronic bill presentment, document composition, document decomposition, printing and mailing services. News also includes product launches such as private-label gift card capabilities, completed acquisitions that add financial-technology functions, capital allocation activity and shareholder communications.
Usio, a leading FinTech company, reported a 12% increase in full-year revenues, totaling $69.4 million, marking the sixth consecutive year of record revenue. The fourth quarter revenue hit $18.7 million, a 7% rise year-over-year, fueled by strong growth in Output Solutions and Prepaid services. Despite challenges in 2022, including the cryptocurrency market's impact on ACH revenues, Usio anticipates 18-20% growth in fiscal 2023, alongside positive operating cash flow and Adjusted EBITDA. The company ended the year with approximately $5.7 million in cash and no significant debt.
Usio, Inc. (NASDAQ: USIO) is set to announce its fourth quarter and fiscal year end 2022 financial results on March 8, 2023, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results and provide a business update, including a Q&A session. Interested parties can join via phone or listen to a live webcast on the company's website. A replay of the call will be available within an hour post-call until March 22, 2023. Usio operates comprehensive, cloud-based payment and financial solutions for various clients, including merchants and banks.
Usio, Inc. (NASDAQ: USIO) has announced the expansion of its partnership with MoviePass, now operational in nine cities due to increased demand for the MoviePass Debit card. The partnership has signed over 25 exhibitor partners, indicating significant market penetration. CEO Louis Hoch highlighted that nearly 800,000 beta clients registered within five days, showcasing the brand's strong appeal. MoviePass plans further city expansions to meet customer interest. The partnership leverages Usio's advanced prepaid card technology, enhancing funding control and user experience. This strategic growth reflects Usio's commitment to innovative payment solutions.
Usio, Inc. (Nasdaq: USIO), a cloud-based FinTech solutions provider, will present at the Ladenburg Thalmann Virtual Tech Expo on December 7, 2022 at 9:30 AM ET. The event will feature presentations from about 50 technology and media companies to an institutional investor audience.
Attendees can register for the presentation at this link. The event is hosted on a virtual platform, Sequire, allowing for one-on-one meetings between presenters and investors.
Usio, Inc. (Nasdaq: USIO) announced an exclusive partnership with MoviePass and the launch of a branded MoviePass debit card. This strategic alliance aims to enhance the user experience for MoviePass's growing subscriber base. Usio's Chairman and CEO, Louis Hoch, expressed excitement about the partnership, while MoviePass CEO, Stacy Spikes, highlighted the competitive advantage brought by Usio's technology. Both executives will ring the Nasdaq closing bell on November 23, 2022, marking the occasion.
Usio, Inc. (Nasdaq: USIO) reported its third quarter results for 2022, marking the ninth consecutive quarter of revenue growth with $16.4 million in revenue, up 4% from the previous year. Key drivers included a record performance in the Card segment and an increase in Output Solutions revenue by 32%. Despite challenges with lower margin ACH services and decreased prepaid card activity, Usio expects strong cash flow generation from estimated $18 million in breakage revenue. The company maintains a 12% - 18% revenue growth outlook for the year.
Usio, Inc. (Nasdaq: USIO) announced the release of its third quarter fiscal year 2022 financial results on November 9, 2022, after market close. The results for the period ending September 30, 2022, will be discussed during a conference call on the same day at 5:00 p.m. Eastern time. Interested parties can join by calling U.S. number 1-844-883-3890 or international number 1-412-317-9246, or via a live webcast on Usio's website. A replay of the call will be available after approximately one hour of the call's conclusion until November 23, 2022.
Usio, Inc. (Nasdaq:USIO) announced its participation in the 15th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel in Los Angeles on October 25, 2022, at 5:30 PM EDT. CEO Louis Hoch will present, and one-on-one meetings will be available. The conference, from October 25-27, will feature over 200 companies, offering insights into micro-cap investments. For registration and updates, visit Usio's Investor Relations page.
Usio, Inc. (NASDAQ: USIO), a leading integrated payment solutions provider, will present at The Windy City Roundup on October 12, 2022, at 2:30pm CT in location value="LU/us.il.chicgo"Chicago. CEO Louis Hoch will lead the corporate presentation, available for viewing here. Additionally, management will hold one-on-one meetings throughout the event. For updates, visit Usio’s Investor Relations website.
Usio, Inc. (NASDAQ: USIO) announced the passing of its Chairman and co-founder, Michael R. Long, on September 7, 2022. Louis Hoch, the CEO, expressed deep sadness and highlighted Long's significant contributions to the company since its founding in 1998. The board unanimously voted to name Long as Chairman Emeritus in a special meeting on September 12, 2022. Hoch will assume the Chairman role alongside his current positions. The board remains compliant with Nasdaq's corporate governance rules following Long's demise.