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, Inc. (Nasdaq: USIO) has expanded its reach by partnering with guaranteed income programs in New York, Chicago, Denver, and Arlington, Virginia. These programs will utilize Usio's prepaid card solution for disbursing funds, enhancing financial accessibility for participants without bank accounts. The CEO emphasized Usio's role as a leader in electronic payments for these initiatives, highlighting the convenience of direct cash transfers. The latest programs include significant financial support for low-income individuals, with targeted monthly payments designed to improve economic stability.
Usio, Inc. (Nasdaq: USIO) announced the appointment of Michelle Miller to its Board of Directors, effective June 22, 2022. With over 25 years of experience in banking, particularly in private banking and business development, Miller currently serves as Senior Vice President at Broadway Bank. She enriches the board's expertise by joining the Audit and Compensation Committees, which now brings the board's total to six members. Louis Hoch, the Vice-Chairman, expressed confidence in her ability to provide valuable insights to the company.
Usio to Present at LD Micro Invitational XII
On June 7, 2022, at 1:30 PM EDT, Usio (Nasdaq: USIO) will participate in the LD Micro Invitational XII. CEO Louis Hoch and SVP Greg Carter will represent the company. This three-day investor conference will showcase over 200 companies, featuring half-hour presentations and private meetings, held from June 7-9 at the Four Seasons Westlake Village. Interested parties can register for the virtual presentation here.
Usio, a leading FinTech payment solutions provider, will participate in the H.C. Wainwright Global Investment Conference from May 23-26, 2022, in Miami. Key executives, including CEO Louis Hoch, will represent the company. An on-demand audio webcast is scheduled for May 24, 2022, at 1:30 PM ET, available on Usio's investor relations website. Investors can arrange meetings with management during the conference via provided contacts. Usio offers a variety of integrated electronic payment solutions, catering to diverse clients including merchants and banks.
Usio, a leading FinTech integrated payment solutions provider, will participate in the Barrington Research Virtual Spring Conference on May 19, 2022. Key executives, including CEO Louis Hoch and Senior VPs Greg Carter and Houston Frost, will represent the company. Usio specializes in a diverse range of payment solutions for merchants, financial institutions, and service bureaus, and has expanded its services following the acquisition of IMS assets in December 2020. For meeting requests, attendees should contact Barrington Research.
Usio, Inc. (Nasdaq:USIO) announced a $4 million stock buyback program to bolster shareholder value. The repurchases can occur on the open market, block transactions, or privately negotiated deals, effective from May 16, 2022, until May 15, 2025, unless terminated earlier. Usio's management asserts that the current stock price underrepresents the company’s seven consecutive quarters of revenue growth, signifying strong growth potential. The program will be funded through existing cash and adjusted operating cash flow, aimed at enhancing shareholder returns.
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.