Usio, Inc. - USIO STOCK NEWS

Usio, Inc. (Nasdaq: USIO) announced an exclusive partnership with MoviePass and the launch of a branded MoviePass debit card. This strategic alliance aims to enhance the user experience for MoviePass's growing subscriber base. Usio's Chairman and CEO, Louis Hoch, expressed excitement about the partnership, while MoviePass CEO, Stacy Spikes, highlighted the competitive advantage brought by Usio's technology. Both executives will ring the Nasdaq closing bell on November 23, 2022, marking the occasion.

Usio, Inc. (Nasdaq: USIO) reported its third quarter results for 2022, marking the ninth consecutive quarter of revenue growth with $16.4 million in revenue, up 4% from the previous year. Key drivers included a record performance in the Card segment and an increase in Output Solutions revenue by 32%. Despite challenges with lower margin ACH services and decreased prepaid card activity, Usio expects strong cash flow generation from estimated $18 million in breakage revenue. The company maintains a 12% - 18% revenue growth outlook for the year.

Usio, Inc. (Nasdaq: USIO) announced the release of its third quarter fiscal year 2022 financial results on November 9, 2022, after market close. The results for the period ending September 30, 2022, will be discussed during a conference call on the same day at 5:00 p.m. Eastern time. Interested parties can join by calling U.S. number 1-844-883-3890 or international number 1-412-317-9246, or via a live webcast on Usio's website. A replay of the call will be available after approximately one hour of the call's conclusion until November 23, 2022.

Usio, Inc. (Nasdaq:USIO) announced its participation in the 15th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel in Los Angeles on October 25, 2022, at 5:30 PM EDT. CEO Louis Hoch will present, and one-on-one meetings will be available. The conference, from October 25-27, will feature over 200 companies, offering insights into micro-cap investments. For registration and updates, visit Usio's Investor Relations page.

Usio, Inc. (NASDAQ: USIO), a leading integrated payment solutions provider, will present at The Windy City Roundup on October 12, 2022, at 2:30pm CT in Chicago. CEO Louis Hoch will lead the corporate presentation, available for viewing here. Additionally, management will hold one-on-one meetings throughout the event. For updates, visit Usio’s Investor Relations website.

Usio, Inc. (NASDAQ: USIO) announced the passing of its Chairman and co-founder, Michael R. Long, on September 7, 2022. Louis Hoch, the CEO, expressed deep sadness and highlighted Long's significant contributions to the company since its founding in 1998. The board unanimously voted to name Long as Chairman Emeritus in a special meeting on September 12, 2022. Hoch will assume the Chairman role alongside his current positions. The board remains compliant with Nasdaq's corporate governance rules following Long's demise.

Usio, Inc. (Nasdaq: USIO) has launched its innovative Funds Disbursement Solution, called Consumer Choice, allowing organizations to offer consumers various payment options including prepaid cards, ACH transfers, checks, and push payments. This solution streamlines direct payments while mitigating risks associated with electronic funds disbursement. By managing all aspects of payment processing, Usio enhances efficiency and compliance, catering to businesses seeking to improve customer satisfaction and reduce operational costs. The platform is ideal for various applications, including refunds and corporate reimbursements.

Usio, Inc. (Nasdaq: USIO) has launched a new Point-of-Sale Credit solution, enabling businesses to offer instant credit without the risks associated with consumer lending. The market for point-of-sale consumer lending is projected to double from $92 billion in 2019 to $182 billion in 2023. This solution improves customer satisfaction, speeds payments to businesses, and does not require integration. Consumers can choose between a no-interest option or competitively priced longer-term loans. Instant credit is increasingly preferred over traditional credit cards for larger purchases.

Usio, Inc. (NASDAQ: USIO) has entered an exclusive partnership with MoviePass to launch a branded MoviePass Debit Card for subscribers. Usio's prepaid card issuing platform will manage this program, enhancing the user experience with immediate funding capabilities when movie credits are redeemed. Louis Hoch, Usio's President, emphasizes the company's technological edge in the electronic payments sector. MoviePass co-founder Stacy Spikes stated that this collaboration offers a competitive advantage. Usio has a history of support for MoviePass, having previously invested in the company.