Welcome to our dedicated page for Paysign news (Ticker: PAYS), a resource for investors and traders seeking the latest updates and insights on Paysign stock.
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, Inc. (NASDAQ: PAYS) announced its financial results for 2022, reporting total revenues of $38.0 million, a 29% increase year-over-year. The company achieved net income of $1.0 million, or $0.02 per diluted share, with Adjusted EBITDA rising 175% to $5.5 million. The fourth quarter reflected total revenues of $10.6 million, a 21% increase, alongside net income of $0.7 million. The Board authorized a $5 million share repurchase program, highlighting confidence in future opportunities, supported by the addition of 78 new plasma donation centers.
Paysign, Inc. (NASDAQ: PAYS) has authorized a new stock repurchase program of up to
Paysign, Inc. (NASDAQ: PAYS) will announce its fourth quarter and annual earnings for 2022 on
Paysign has partnered with EvoShare to enhance the Paysign Pays Cashback Rewards program. This collaboration introduces additional cash back opportunities for cardholders, allowing them to earn rewards on purchases made at over 10,000 local restaurants and online stores. The new features include offers from more retailers and a browser extension for instant notifications of cash back deals. This initiative is free for all Paysign cardholders, providing them with seamless access to enhanced savings benefits.
Paysign, Inc. (NASDAQ: PAYS) will present at the D.A. Davidson 2022 Fintech and Payments Spotlight Conference on December 8, 2022, in New York City. The company will engage in one-on-one meetings, panel discussions, and networking activities. As a provider of prepaid card programs and digital banking services, Paysign continually focuses on innovative payment solutions for various industries. Investors can learn more and register for the conference here.
Paysign, Inc. (NASDAQ: PAYS) will present virtually at the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 3:30 p.m. EST. The company specializes in prepaid card programs and digital banking solutions. Investors interested in attending or scheduling a meeting can register via the event page.
Paysign, Inc. (NASDAQ: PAYS) will present at The Benchmark Company’s 11th Annual Discovery One-on-One Investor Conference on December 1, 2022. The event will take place at the New York Athletic Club, offering a platform for emerging growth companies to connect with institutional investors. Paysign is set to participate in one-on-one meetings throughout the day. Investors interested in scheduling meetings can register online. The company is known for providing prepaid card programs and integrated payment processing services across various industries.
Paysign, Inc. (NASDAQ: PAYS) reported third-quarter 2022 revenues of $10.6 million, up 36% from the previous year. Net income reached $0.85 million, translating to diluted EPS of $0.02. The firm added 13 plasma donation centers in Q3, totaling 450 centers. Gross dollar load volume rose 57.6%, while purchase volume climbed 58.6%. Adjusted EBITDA stood at $1.9 million, reflecting solid operational performance. Looking ahead, total revenue for 2022 is projected between $38.15 million and $38.35 million, indicating 29-30% growth over 2021.
Paysign, Inc. (NASDAQ: PAYS) will report its third quarter 2022 earnings on November 8, 2022, at 5:00 p.m. Eastern time. The company specializes in prepaid card programs, patient affordability, digital banking, and integrated payment solutions. A live webcast will be available for interested parties. The earnings call aims to provide insights into the company’s financial performance and future outlook.
Paysign, Inc. (NASDAQ: PAYS) announced that the U.S. District Court issued a preliminary injunction on September 16, 2022, allowing plasma donations from Mexican nationals on valid B-1/B-2 visas. CEO Mark Newcomer praised the decision, emphasizing its significance for plasma clients and therapies for rare diseases. Paysign is a leader in prepaid card programs and digital banking services, focused on creating innovative payment solutions across various industries.
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