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, a leading FinTech payment solutions provider, will participate in the H.C. Wainwright Global Investment Conference from May 23-26, 2022, in Miami. Key executives, including CEO Louis Hoch, will represent the company. An on-demand audio webcast is scheduled for May 24, 2022, at 1:30 PM ET, available on Usio's investor relations website. Investors can arrange meetings with management during the conference via provided contacts. Usio offers a variety of integrated electronic payment solutions, catering to diverse clients including merchants and banks.
Usio, a leading FinTech integrated payment solutions provider, will participate in the Barrington Research Virtual Spring Conference on May 19, 2022. Key executives, including CEO Louis Hoch and Senior VPs Greg Carter and Houston Frost, will represent the company. Usio specializes in a diverse range of payment solutions for merchants, financial institutions, and service bureaus, and has expanded its services following the acquisition of IMS assets in December 2020. For meeting requests, attendees should contact Barrington Research.
Usio, Inc. (Nasdaq:USIO) announced a $4 million stock buyback program to bolster shareholder value. The repurchases can occur on the open market, block transactions, or privately negotiated deals, effective from May 16, 2022, until May 15, 2025, unless terminated earlier. Usio's management asserts that the current stock price underrepresents the company’s seven consecutive quarters of revenue growth, signifying strong growth potential. The program will be funded through existing cash and adjusted operating cash flow, aimed at enhancing shareholder returns.
Usio, Inc. (Nasdaq: USIO) reported a 35% increase in revenue to $18.1 million for Q1 2022, marking its seventh consecutive quarter of year-over-year growth. Key growth areas included prepaid services, which tripled revenue, and Output Solutions, which grew by 25%. Despite these gains, the company faced a $1.6 million net loss and increased SG&A expenses by 43%. Usio maintains a robust cash position of $7.6 million and projects 18-20% revenue growth for the year, contingent on favorable market conditions.
Usio, a FinTech electronic payment solutions provider, will release its first quarter fiscal year 2022 financial results on May 11, 2022, after market close. A conference call to discuss these results is scheduled for May 12, 2022, at 11:00 a.m. Eastern time, allowing for a Q&A session afterward. Interested parties can join the call via phone or webcast. A replay will be available for one week post-call. Usio specializes in integrated payment solutions and document services, catering to various sectors including merchants and banks.
Usio, Inc. (Nasdaq: USIO) reported a 18% increase in total dollars processed in Q1 2022, reaching $2.2 billion. This growth is attributed to record transaction volumes in Card processing and significant increases in Prepaid and ACH services. Prepaid card load volume surged by 134%, and transactions processed rose by 270%. The company anticipates 18-20% revenue growth for the year, driven by strong market demand in fintech lending and cryptocurrencies, barring any economic downturns.
Usio, a cloud-based Fintech electronic payment solutions provider, announced participation in the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28-30, 2022. CEO Louis Hoch will present in a Fireside Chat on March 29, 2022, from 9:30 to 10:00 AM EDT. The conference allows investors to engage with executives across various sectors, including Financial Services and Healthcare. Attendees can join by signing up for M-Vest. Usio delivers tailored payment solutions to clients, emphasizing its diverse platforms in credit, debit, and ACH payments.
Usio, a cloud-based FinTech provider, reported a record revenue of $61.9 million for 2021, up 92% year-over-year, with fourth-quarter revenue rising 86% to $17.4 million. Positive adjusted EBITDA increased nearly $5 million from 2020. The company anticipates 18-20% revenue growth in 2022, driven by strong processing volume growth, particularly in ACH and prepaid card services, which grew 151% in Q4. Gross margins expanded to 25.2%. Usio ended the year with $7.3 million in cash and zero significant debt, positioning itself for sustained growth.
Usio, Inc. (Nasdaq: USIO) announced its fourth quarter and fiscal year end 2021 financial results will be released on March 17, 2022, after market close. A conference call to discuss results and provide a business update is scheduled for March 18, 2022, at 11:00 a.m. ET. The call will be accessible via phone and live webcast on the company's website. A replay will be available shortly after the call until April 1, 2022.
Usio specializes in electronic payment solutions for various sectors, leveraging innovative technology to deliver tailored payment services.
Usio, Inc. (Nasdaq: USIO) announces a partnership with driver Landon Cassill of Kaulig Racing for the 2022 NASCAR Xfinity Series. Cassill will drive the Usio-branded No. 10 Chevrolet Camaro, starting with the race at Circuit of the Americas in Austin, Texas, on March 26. The partnership aims to enhance Usio's brand awareness and includes promotional events throughout the racing season. CEO Louis Hoch expressed excitement about the collaboration, highlighting NASCAR's growing popularity.
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