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. Common Stock (symbol: USIO) represents a leading force in the electronic payment processing industry. Founded in late 2008 by Charles Yancey, a veteran of the payment processing field, Usio, Inc. runs on an innovative business model designed to revolutionize how businesses handle payments. With a mission to simplify and optimize transaction processes, Usio offers a unique 'one flat rate' program. This program allows clients to stabilize their credit card processing costs, making it easier to understand and reconcile monthly merchant statements.
Usio targets key vertical markets with higher-than-average processing volumes, such as utilities, municipalities, dental practices, veterinary services, marinas, and automotive dealerships. By focusing on these sectors, Usio enhances customer retention and provides significant value to its clients.
As a United States-based company, Usio offers integrated electronic payment services that include credit and debit card processing, as well as transaction processing through the Automated Clearing House (ACH) network. The company also operates a wholly-owned subsidiary dedicated to Output Solutions operations, broadening its service offerings and market reach.
Usio's recent achievements and current projects highlight its ongoing commitment to innovation and customer satisfaction. The company remains financially robust, with strategic partnerships and cutting-edge products driving its growth. Through continuous improvements and a client-centric approach, Usio, Inc. positions itself as a trusted partner for businesses seeking reliable and efficient payment solutions.
Stay updated on the latest news and developments about Usio, Inc. Common Stock to understand how the company is evolving and what it means for your investment.
Usio (Nasdaq: USIO), a leading provider of integrated, cloud-based electronic payment and embedded financial solutions, has announced its participation in several major investor conferences throughout early 2025. The company's schedule includes:
- The Oppenheimer 10th Annual Emerging Growth Conference (Virtual) - February 25-26
- The 37th Annual Roth Conference in Laguna Beach, CA - March 16-18
- The LD Micro Conference in New York, NY - April 9-10
- The Ladenburg Thalmann Tech Conference in New York, NY - May 21
CEO Louis Hoch and other senior executives will be available for presentations and one-on-one meetings with institutional investors at these events. Interested parties can schedule meetings through Usio or their respective conference representatives.
Usio (Nasdaq: USIO) has provided its fiscal 2025 guidance, projecting revenue growth of 14-16% compared to 2024. The company reported significant growth in 2024, with total dollars processed reaching $7.1 billion (up 33%) and total transactions hitting 46.8 million (up 26%). Key highlights include:
- Card Processing achieved record-breaking performance with $1.5 billion in dollars processed
- Prepaid card loads exceeded $500 million, setting a new record
- Electronic document delivery more than doubled from 2023
- The company expects 5-7% of revenue in Adjusted EBITDA for 2025
However, Usio announced the loss of a major ERP ISV customer due to their company's sale, though the financial impact is minimal as they contributed less than $100K in revenue and $7K in gross income in 2024.
Usio (Nasdaq: USIO) announced the passing of Dr. Peter Kirby, the company's longest-serving board member, on December 7, 2024. Dr. Kirby served on Usio's Board from 2001 until his retirement in 2016, playing a important role in establishing the company's audit committee and governance structures, particularly during Usio's uplisting to Nasdaq in 2015. He developed the 'MCGO' (Mission, Commitment, Goals, and Opportunities) strategic management framework. In recognition of his contributions, the Board unanimously voted to honor Dr. Kirby with the posthumous title of Director Emeritus during a special meeting on December 10, 2024.
Usio reported strong Q3 2024 financial results with net income of $2.9 million ($0.10 per share), including a $3.2 million tax benefit. Total payment processing volume grew 46% year-over-year to $2.0 billion. Revenue increased 2% to $21.3 million, driven by ACH and complementary services growth. Prepaid card load volume reached a record $140 million, up 21%. Gross margins improved to 23.0% from 22.2% last year. The company generated $2.4 million in Adjusted Operating Cash Flows over nine months, with cash position strengthening by $1.2 million since December 2023. Management expects to exceed $100MM+ annual revenue run rate for 2025.
Usio (Nasdaq:USIO), a FinTech company providing integrated cloud-based electronic payment and embedded financial solutions, has scheduled its Q3 fiscal 2024 earnings conference call for November 6, 2024, at 4:30 p.m. Eastern time. The financial results for the period ended September 30, 2024, will be released after market close on the same day. Management will review results and provide updates, followed by a Q&A session. U.S. participants can dial 1-844-883-3890, while international callers should use 1-412-317-9246. A webcast will be available on the company's website, with replay access until November 20, 2024.
Usio has announced corrections to its press release regarding an expanded partnership with ClassWallet. The corrected version clarifies that the partnership provides agencies, not ClassWallet, with new insights and analytics to better understand program outcomes. Usio, a FinTech company offering integrated electronic payment solutions, is enhancing its collaboration with ClassWallet, a platform for public funds management.
The partnership now includes Usio's ACH processing and remote authorization capabilities in ClassWallet's digital wallet technology. This expansion aims to create innovative solutions for prepaid and funds disbursement applications, addressing the need for robust payment platforms. The collaboration is expected to accelerate ClassWallet's product innovation and improve payment processes for service provider vendors.
Both companies emphasize that this partnership will help maximize the impact of public fund programs and enhance efficiency for all recipients.
Usio, Inc. (NASDAQ:USIO) has announced an expanded partnership with ClassWallet, integrating Usio's ACH processing and remote authorization technology into ClassWallet's digital wallet platform. This collaboration enhances ClassWallet's ability to offer innovative payment solutions for public funds disbursement.
The partnership allows ClassWallet to accelerate innovation and bring new products to market faster. It also improves the payment process for ClassWallet's service provider vendors, leading to more efficient and predictable payments. Additionally, the integration provides ClassWallet with valuable data that can be used by agency customers to better understand and improve program outcomes.
Both companies view this expansion as mutually beneficial, with Usio supporting ClassWallet's growth objectives and ClassWallet furthering its mission to maximize program efficiency for public fund recipients.
Usio, Inc. (Nasdaq: USIO) reported Q2 2024 financial results, highlighting a 29% increase in total payment dollars processed across all channels compared to the previous year. Despite strong volume growth, the company lowered its revenue guidance to 3-7% growth and EPS expectations to $0.0-$0.03 per share due to slower implementation of contracted PayFac ISVs. However, Usio raised its fiscal 2024 Adjusted EBITDA expectations to between $4.25 and $5.0 million.
Key highlights include:
- Q2 revenues of $20.1 million, down 6% year-over-year
- Net income of $0.1 million, or $0.00 per share
- Adjusted EBITDA of $0.8 million
- Record-breaking volumes in Prepaid card load, processing, and transactions
- Strong financial position with $7.5 million in cash and cash equivalents
Usio (Nasdaq: USIO), a leading FinTech company, has announced it will release its second quarter fiscal 2024 financial results on August 14, 2024, after market close. The company will host a conference call the same day at 4:30 p.m. Eastern time to discuss the results and provide a business update. Interested parties can join the call by dialing 1-844-883-3890 (U.S.) or 1-412-317-9246 (International). A live webcast will also be available on Usio's website. A replay of the call will be accessible until August 28, 2024, via the company's website or by dialing 1-877-344-7529 (U.S.) or 1-412-317-0088 (international) with the playback code 4975978.
Usio (NASDAQ: USIO), a leading Fintech offering integrated, cloud-based electronic payment solutions, announced that CEO Louis Hoch was featured in a Nasdaq Amplify Issuer Spotlight. He shared insights on Usio's vision for AI-driven biometric payments and provided a company update.
Hoch emphasized that Usio is entering a dynamic growth period, highlighted by the signing of their potentially largest PayFac payments processing agreement. He acknowledged the accelerating pace of change in the electronic payments market and expressed Usio’s readiness to capitalize on these emerging opportunities.
This spotlight series by Nasdaq Amplify delves into how small-cap industry leaders are evolving and tackling challenges.
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