Usio Inc Stock Price, News & Analysis

Usio, Inc. (Nasdaq: USIO) has successfully closed a private placement of 142,857 shares of common stock at $7.00 each, yielding net proceeds of $1 million. The transaction, based on the five-day weighted average market price, was finalized on November 19. Proceeds will be utilized for working capital. CEO Louis Hoch expressed enthusiasm for Voyager Digital's strategic investment, which aligns with their exclusive agreements for ACH and debit issuance card services, enhancing Usio's growth prospects.

Usio, Inc. (Nasdaq: USIO) has entered a three-year exclusive agreement with Voyager Digital to manage and process their newly launched USD Coin (USDC)-based debit card, which offers up to 9% annual rewards. This collaboration supports Voyager's 2.7 million users, enhancing their ability to hold and spend cryptocurrency conveniently. The debit card allows users to earn rewards in cryptocurrency, providing an innovative payment solution. Usio's technology enables instant card issuance, allowing for immediate deployment into digital wallets, thereby enhancing user experience.

Usio, Inc. (Nasdaq: USIO) announced key leadership changes, promoting Greg Carter to Executive Vice-President of Payment Acceptance and hiring Steve Peterson as Senior Vice President of Emerging Markets. Carter has successfully led the Payment Facilitation division, enhancing merchant relationships and increasing platform adoption. Peterson brings extensive industry experience and will focus on developing new markets and enterprise-level card programs. These strategic moves aim to position Usio for continued growth within the FinTech payment solutions sector.

Usio, Inc. (Nasdaq: USIO) will participate in the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 11:30AM ET. Key executives, including CEO Louis Hoch and SVP Greg Carter, will engage in one-on-one meetings with investors during the event. The presentation will also be available on the Usio website. Founded in San Antonio, Usio is a FinTech provider offering diverse payment solutions, including credit, debit, ACH processing, and electronic bill presentment, following the acquisition of IMS assets in December 2020.

Usio reported a 94% revenue growth in Q3 2021, achieving $15.8 million, driven by increased credit card transactions and prepaid card loads, which set new records. The company has now marked its fifth consecutive quarter of sequential revenue growth and anticipates annual revenues exceeding $60 million, an 88% increase from 2020. Usio also showed consistent profitability with positive net income and adjusted EBITDA.

Despite rising operational expenses, cash reserves reached $5.9 million, signaling a strong financial condition.

Usio, a provider of integrated electronic payment solutions, has announced it will release its third quarter financial results for the period ending September 30, 2021, on November 10, 2021, after market close. A conference call to discuss results and provide a business update will be held on November 11, 2021, at 11:00 a.m. Eastern Time. Interested parties can join via phone or listen to a live webcast on Usio's website. A replay of the call will be available post-event until November 25, 2021.

Usio, Inc. (Nasdaq: USIO) reported a significant increase in total dollars processed for Q3 2021, reaching $2.1 billion, up 141% from Q3 2020. Year-to-date totals stand at $6.7 billion. Key highlights include record credit card transactions processed, which were up 76%, and prepaid card transaction volume, which rose 115%. CEO Louis Hoch noted a minor sequential decline in ACH growth but emphasized the ongoing effectiveness of their diversification strategy, projecting record revenues and continued positive cash flow.

Usio, Inc. (Nasdaq: USIO) has partnered with BoosterHub to implement its PayFac-in-a-Box payment solution, enhancing payment processing for school booster clubs nationwide. This fully integrated system will streamline various payment options, including credit cards, ACH transactions, and contactless payments, facilitating user-friendly management of concessions and merchandise. CEO Louis Hoch emphasizes the flexible, comprehensive nature of this technology, while BoosterHub's Robin Eissler highlights its ability to simplify payment processes for volunteers and clients alike.

Usio, Inc. (Nasdaq: USIO) has secured a contract with the Houston Health Department for its Vaccine Incentive Program, which subsidizes vaccinations by offering prepaid cards. The program, now at capacity, incentivizes 20,000 residents with $100 for their first vaccination and $50 for the second. Mayor Sylvester Turner praised its success in increasing vaccination rates. Usio provides customizable payment solutions, enhancing efficiency in municipal initiatives. The company aims to optimize payment processing in various civic endeavors.