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Paysign, Inc. (NASDAQ: PAYS) is a pioneering financial services provider, specializing in prepaid card products and processing services under the Paysign brand. Catering to corporate, consumer, and government applications, Paysign offers a wide array of services including transaction processing, cardholder enrollment, value loading, account management, reporting, and customer service through its proprietary platform.
With a strong footing in the healthcare sector, Paysign develops prepaid card solutions for corporate incentive rewards, expense management, healthcare reimbursement, and pharmaceutical co-pay assistance. The company also provides payroll and general-purpose reloadable cards, along with gift and incentive cards, addressing diverse client needs.
Paysign's recent performance highlights robust revenue growth, driven by its plasma business and the patient affordability segment. The company's plasma revenue continues to be a cornerstone, while its patient affordability offerings show substantial growth, appealing to pharmaceutical companies as a comprehensive solution. As of Q3 2023, Paysign reported a 17% increase in revenue and a 29% rise in net income year-over-year, underscoring its strong operational momentum.
Financially, Paysign remains strong with increasing unrestricted cash and a significant rise in funds on cards. The company maintains a solid balance sheet and is committed to delivering sustainable growth and long-term shareholder value. With over two decades of experience, Paysign continues to innovate with fintech solutions tailored to the healthcare industry, outperforming larger competitors.
Paysign's strategic investments in technology and personnel are expected to drive further growth, with projections for significant increases in both revenue and adjusted EBITDA for the full year of 2024. The company also emphasizes strong customer service, offering 24/7 bilingual support through various channels.
For more information, visit paysign.com.
Paysign (NASDAQ: PAYS) reported strong Q3 2024 results with total revenues of $15.26 million, up 23.0% year-over-year. Net income reached $1.44 million ($0.03 per diluted share), compared to $1.10 million ($0.02 per diluted share) in Q3 2023. The company's performance was driven by growth in plasma centers (478 total) and patient affordability programs (66 active). Pharma patient affordability revenue increased by 219.1%, while plasma revenue grew by 3.4%. The company maintains a strong financial position with $10.29 million in unrestricted cash and zero debt. Management reaffirmed full-year 2024 guidance with expected revenues of $56.5-58.5 million.
Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs, patient affordability offerings, digital banking services, and integrated payment processing, has announced its upcoming third quarter 2024 earnings call. The call is scheduled for Tuesday, November 5, 2024, at 5:00 p.m. Eastern time.
Participants can join via U.S. dial-in at 877.407.2988 or international dial-in at +1.201.389.0923. A webcast link is also provided. A replay will be available until February 5, 2025, accessible through dial-in numbers 877.660.6853 or +1.201.612.7415 with Conference ID 13749532.
Financial professionals wishing to ask questions during the call should email ir@paysign.com by 5:00 p.m. Eastern time on Friday, November 1, 2024, to register.
Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs and financial services, has announced its participation in the Sidoti Micro-Cap Virtual Conference scheduled for August 14-15, 2024. The company's Chief Financial Officer, Jeff Baker, will be available for one-on-one and small group meetings with investors during the event.
Paysign is set to deliver a group presentation on Wednesday, August 14, at 4:00 p.m. EDT. Investors interested in attending can register through the event website or the webinar registration page to join the live presentation. This conference provides an opportunity for investors to gain insights into Paysign's operations and future prospects in the prepaid card and digital banking sector.
Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs and financial services, has announced its participation in the Oppenheimer 27th Annual Technology, Internet & Communications Conference. The virtual event, scheduled for August 12-14, 2024, aims to showcase existing and emerging technologies in the dynamic sector of the world economy.
Paysign's Chief Financial Officer, Jeff Baker, is set to present on Tuesday, August 13, at 3:45 p.m. EDT. This conference provides an opportunity for potential investors to evaluate public companies at the forefront of technological innovations. Interested parties can find more information about the conference through the provided link.
Paysign, Inc. (NASDAQ: PAYS) reported strong Q2 2024 financial results, with total revenues up 29.8% to $14.33 million compared to Q2 2023. The company saw significant growth in both its plasma and pharma patient affordability businesses. Net income improved to $697,000, or $0.01 per diluted share, from a net loss in the same period last year. Adjusted EBITDA increased 95.8% to $2.24 million.
Key highlights include:
- Plasma revenue up 12.6%, with 477 centers at quarter-end
- Pharma patient affordability revenue up 266.8%, with 61 active programs
- Gross profit margin increased to 52.9%, up 207 basis points
- Unrestricted cash of $31.29 million and zero debt
Based on strong performance, Paysign raised its full-year 2024 guidance, now expecting total revenues between $56.5-$58.5 million and adjusted EBITDA of $9.0-$10.0 million.
Paysign (NASDAQ: PAYS) will host its second quarter 2024 earnings call on July 31, 2024, at 5:00 p.m. Eastern time. The call will detail the company's recent financial performance, including earnings, revenue, and other key metrics. Participants in the U.S. can join via dial-in at 877.407.2988, while international participants can use +1.201.389.0923. A webcast of the call is available, and a replay can be accessed until October 29, 2024, by dialing 877.660.6853 or +1.201.612.7415, using Conference ID 13747519. Financial professionals wishing to ask questions must register by July 26, 2024, by emailing ir@paysign.com.
Paysign, a leading provider of prepaid card programs and digital banking services, is set to participate in the 2024 Maxim Fintech Virtual Symposium. The event, scheduled for June 25, 2024, will see Jeff Baker, Paysign's CFO, speaking about industry trends starting at 9:00 a.m. PDT (12:00 p.m. EDT). This symposium will feature companies from specialty finance, payments, and real estate sectors that leverage advanced technology. The event, along with its recorded replay, is exclusively available to institutions and M-Vest members. Interested parties can sign up for M-Vest membership to gain access.
Paysign, a leading provider of prepaid card programs, patient affordability services, digital banking, and payment processing, announced its participation in the 2024 iAccess Alpha Buyside Best Ideas Summer Conference. The event will take place on June 25-26, 2024. Jeff Baker, Paysign's CFO, will present at 2:30 p.m. EDT on June 25 and host one-on-one meetings on June 26. The presentation will be webcast and available for replay. Investors can register and find more details on the conference website.
Paysign, a leader in prepaid card programs and digital banking services, announced its participation in the Sidoti Small-Cap Virtual Investor Conference on June 12-13, 2024.
Chief Financial Officer Jeff Baker will be available for one-on-one and small group meetings with investors during the event.
Paysign, Inc. reported strong financial results for the first quarter of 2024. With total revenues up by 30% and adjusted EBITDA growing by 135%, the company demonstrated robust growth. The patient affordability business saw a significant 305% revenue increase, contributing to overall growth. The company remains optimistic about future growth prospects and is focused on sustainable revenue and earnings growth.
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