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), a leader in prepaid card programs and digital banking, will announce its third-quarter 2021 earnings on November 9, 2021, at 5:00 p.m. Eastern time. The earnings call will be accessible via dial-in and webcast. Interested participants must register by November 5, 2021, to submit questions. Paysign focuses on providing integrated payment solutions across various sectors, enhancing operational efficiencies and driving revenue growth.
Paysign, Inc. (NASDAQ: PAYS) announced its Q2 2021 financial results, showing a 3.2% revenue increase to $6.4 million, driven by a 30.1% rise in plasma revenue. The company reported a net loss of $0.9 million and raised its full-year revenue forecast to $29.0 million - $32.0 million, reflecting a growth of 20% to 32%. Adjusted EBITDA guidance was improved to $0.75 million - $1.90 million. The company anticipates continued improvements as pandemic-related government supports wane, though it remains cautious about COVID-19's ongoing impact.
Paysign, Inc. (NASDAQ: PAYS), announced significant leadership appointments to enhance its technology and product offerings. Brad Cunningham joins as chief technology officer, bringing 17 years of experience in fintech, particularly in modernizing banking systems. Alan Geiger and Richard Graub also join as directors of relationship management and product management, respectively, aiming to strengthen connectivity in the plasma collection sector and advance product strategies.
Paysign, Inc. (NASDAQ: PAYS) will host a conference call on August 10, 2021, at 5:00 p.m. ET to discuss its second-quarter 2021 earnings. Participants can join via U.S. dial-in at 877.407.2988 or international dial-in at 201.389.0923, with a webcast available.
A replay will be accessible until November 10, 2021. Founded in 2001, Paysign provides innovative prepaid card programs and digital banking solutions tailored for various sectors including healthcare and retail. For more details, visit paysign.com.
Paysign, Inc. (NASDAQ: PAYS) reported its first-quarter 2021 financial results, showing a 40.6% revenue decline to $6.3 million compared to Q1 2020. Plasma revenue decreased 26.7% due to lower donations exacerbated by pandemic-related factors. Despite adding three new plasma centers, average revenue per center dropped 38.8%. For 2021, Paysign anticipates total revenue between $29.0 million and $32.0 million, with adjusted EBITDA forecasted at $0.35 million to $1.90 million. The company maintains a healthy balance sheet with $6.6 million in cash and zero debt.
Paysign, Inc. (NASDAQ: PAYS) is set to discuss its first-quarter 2021 earnings on May 11, 2021, at 5:00 p.m. Eastern Time.
The company specializes in prepaid card programs and payment processing services, targeting businesses and government institutions. Investors can join the discussion via dial-in or webcast, with a replay available until August 11, 2021.
Paysign, Inc. (NASDAQ: PAYS) has launched the Paysign Premier referral program, facilitating businesses' access to digital banking solutions for their payees. This initiative incurs no startup costs and is available immediately. The Premier digital bank account enhances payment processes, offering features like early pay access, cash back rewards, and 24/7 bilingual customer service. CEO Mark Newcomer highlighted the importance of digital banking, especially post-COVID-19, as a way for businesses to streamline payouts and provide valuable services to their payees.
Paysign, Inc. (NASDAQ: PAYS) reported financial results for Q4 and the fiscal year 2020, facing challenges due to the COVID-19 pandemic. Total revenues fell to $7.25 million in Q4, down 25.7% from $9.76 million in Q4 2019. Plasma revenue decreased by 17.5% to $6.3 million. The company incurred a net loss of $4.3 million compared to a profit of $1.9 million last year. Despite the challenges, Paysign added 55 new plasma programs and ended the year with $7.8 million in cash and no debt, positioning itself for recovery as restrictions ease.
Paysign, Inc. (NASDAQ:PAYS) will discuss its fourth quarter and full-year 2020 earnings on March 25, 2021, at 5:00 p.m. Eastern time. The company, known for prepaid card programs and payment processing services, enables digital payout solutions for various sectors, including healthcare and retail. Financial professionals wishing to ask questions during the call need to register by March 23, 2021. Replay options will be available until June 25, 2021.
FAQ
What is the current stock price of Paysign (PAYS)?
What is the market cap of Paysign (PAYS)?
What does Paysign, Inc. do?
What are Paysign's main services?
Which industries does Paysign serve?
How has Paysign performed financially recently?
What ongoing projects is Paysign involved in?
Who are Paysign's customers?
What is Paysign's proprietary platform used for?
How does Paysign support its customers?
What are some key financial metrics for Paysign?
What is Paysign's outlook for the future?
