Usio Inc Stock Price, News & Analysis

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.

Usio, Inc. (Nasdaq: USIO) will participate in the 14th Annual LD Micro Main Event Conference, held from October 12-14, 2021, both in-person in Los Angeles and virtually. Louis Hoch, CEO, alongside other executives, will present in-person on October 12 from 1:00 PM to 1:30 PM EDT. The event facilitates 1-on-1 meetings with investors. Usio, a leading FinTech provider, offers diverse payment solutions, including credit and prepaid processing services. For virtual attendance, registration is available here.

Usio, a leading FinTech payment solutions provider, will participate in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. Key executives including CEO Louis Hoch will present and hold one-on-one meetings with investors. The presentation will be available online starting September 13 at 7:00 A.M. (ET). Usio offers a range of payment solutions to various sectors, utilizing advanced technology for card issuance and payment acceptance. For more details, visit Usio's website.

Usio, Inc. (Nasdaq: USIO) has secured a contract with the New York City Economic Development Corporation (NYCEDC) to support the city's COVID-19 Vaccines Incentive Program. This initiative provides $100 to eligible New York State residents receiving their first vaccine dose through the city’s appointment platform. Usio will supply prepaid debit cards and electronic payment technology for the program. NYCEDC aims to distribute $20 million in incentives, with over $6 million already disbursed. Usio's advanced payment solutions are expected to streamline the distribution process.