Usio Inc Stock Price, News & Analysis

Usio, Inc. (Nasdaq: USIO) reported a 35% increase in revenue to $18.1 million for Q1 2022, marking its seventh consecutive quarter of year-over-year growth. Key growth areas included prepaid services, which tripled revenue, and Output Solutions, which grew by 25%. Despite these gains, the company faced a $1.6 million net loss and increased SG&A expenses by 43%. Usio maintains a robust cash position of $7.6 million and projects 18-20% revenue growth for the year, contingent on favorable market conditions.

Usio, a FinTech electronic payment solutions provider, will release its first quarter fiscal year 2022 financial results on May 11, 2022, after market close. A conference call to discuss these results is scheduled for May 12, 2022, at 11:00 a.m. Eastern time, allowing for a Q&A session afterward. Interested parties can join the call via phone or webcast. A replay will be available for one week post-call. Usio specializes in integrated payment solutions and document services, catering to various sectors including merchants and banks.

Usio, Inc. (Nasdaq: USIO) reported a 18% increase in total dollars processed in Q1 2022, reaching $2.2 billion. This growth is attributed to record transaction volumes in Card processing and significant increases in Prepaid and ACH services. Prepaid card load volume surged by 134%, and transactions processed rose by 270%. The company anticipates 18-20% revenue growth for the year, driven by strong market demand in fintech lending and cryptocurrencies, barring any economic downturns.

Usio, a cloud-based Fintech electronic payment solutions provider, announced participation in the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28-30, 2022. CEO Louis Hoch will present in a Fireside Chat on March 29, 2022, from 9:30 to 10:00 AM EDT. The conference allows investors to engage with executives across various sectors, including Financial Services and Healthcare. Attendees can join by signing up for M-Vest. Usio delivers tailored payment solutions to clients, emphasizing its diverse platforms in credit, debit, and ACH payments.

Usio, a cloud-based FinTech provider, reported a record revenue of $61.9 million for 2021, up 92% year-over-year, with fourth-quarter revenue rising 86% to $17.4 million. Positive adjusted EBITDA increased nearly $5 million from 2020. The company anticipates 18-20% revenue growth in 2022, driven by strong processing volume growth, particularly in ACH and prepaid card services, which grew 151% in Q4. Gross margins expanded to 25.2%. Usio ended the year with $7.3 million in cash and zero significant debt, positioning itself for sustained growth.

Usio, Inc. (Nasdaq: USIO) announced its fourth quarter and fiscal year end 2021 financial results will be released on March 17, 2022, after market close. A conference call to discuss results and provide a business update is scheduled for March 18, 2022, at 11:00 a.m. ET. The call will be accessible via phone and live webcast on the company's website. A replay will be available shortly after the call until April 1, 2022.

Usio specializes in electronic payment solutions for various sectors, leveraging innovative technology to deliver tailored payment services.

Usio, Inc. (Nasdaq: USIO) announces a partnership with driver Landon Cassill of Kaulig Racing for the 2022 NASCAR Xfinity Series. Cassill will drive the Usio-branded No. 10 Chevrolet Camaro, starting with the race at Circuit of the Americas in Austin, Texas, on March 26. The partnership aims to enhance Usio's brand awareness and includes promotional events throughout the racing season. CEO Louis Hoch expressed excitement about the collaboration, highlighting NASCAR's growing popularity.

Usio, Inc. (NASDAQ: USIO) reported record results for Q4 2021, processing $2.9 billion, a 215% increase year-over-year. Total annual processing reached $9.5 billion, up 184% from 2020. The CEO highlighted significant growth in ACH transactions, with electronic check volume more than doubling and dollars processed nearly tripling. Prepaid card transactions surged 205% as total dollars loaded surpassed $65 million. Usio's payment diversification strategy has been pivotal in maintaining growth amidst potential economic challenges, with expectations for record revenues by March.

Usio, Inc. (Nasdaq: USIO) announced that the City of Oakland Department of Transportation has selected its prepaid card technology for the Universal Basic Mobility Pilot. This program will provide up to $300 to participants in East Oakland for transit and shared mobility. CEO Louis Hoch emphasized Usio's leadership in electronic payment solutions for guaranteed income programs, while Oakland officials praised the company's responsiveness to their needs. This development showcases Usio’s commitment to expanding access to affordable transportation.