Usio Increases and Extends Share Repurchase Program
Usio (Nasdaq: USIO) has announced a renewal and extension of its Share Repurchase Program, authorizing a $4 million aggregate purchase limit over an additional 3-year period until May 15, 2028. The company has already utilized nearly all of the original $4 million authorization from May 2022, including $1.5 million in stock repurchases in 2024.
The FinTech company reported approximately $8.1 million in unrestricted cash as of December 31, 2024, with about 26.5 million shares outstanding as of March 24, 2025. Management will determine the timing and amount of repurchases based on market conditions and other factors, with the flexibility to conduct open market purchases, block trades, or private transactions under Rule 10b5-1.
Usio (Nasdaq: USIO) ha annunciato il rinnovo e l'estensione del suo Programma di Riacquisto di Azioni, autorizzando un limite di acquisto aggregato di 4 milioni di dollari per un ulteriore periodo di 3 anni fino al 15 maggio 2028. L'azienda ha già utilizzato quasi tutta l'autorizzazione originale di 4 milioni di dollari del maggio 2022, inclusi 1,5 milioni di dollari in riacquisti di azioni nel 2024.
La società FinTech ha riportato circa 8,1 milioni di dollari in contante non vincolato al 31 dicembre 2024, con circa 26,5 milioni di azioni in circolazione al 24 marzo 2025. La direzione determinerà il momento e l'importo dei riacquisti in base alle condizioni di mercato e ad altri fattori, con la flessibilità di effettuare acquisti sul mercato aperto, operazioni in blocco o transazioni private ai sensi della Regola 10b5-1.
Usio (Nasdaq: USIO) ha anunciado la renovación y extensión de su Programa de Recompra de Acciones, autorizando un límite de compra agregado de 4 millones de dólares durante un periodo adicional de 3 años hasta el 15 de mayo de 2028. La compañía ya ha utilizado casi toda la autorización original de 4 millones de dólares de mayo de 2022, incluyendo 1,5 millones de dólares en recompras de acciones en 2024.
La empresa FinTech reportó aproximadamente 8,1 millones de dólares en efectivo no restringido al 31 de diciembre de 2024, con alrededor de 26,5 millones de acciones en circulación al 24 de marzo de 2025. La dirección determinará el momento y la cantidad de las recompras basándose en las condiciones del mercado y otros factores, con la flexibilidad de realizar compras en el mercado abierto, operaciones en bloque o transacciones privadas bajo la Regla 10b5-1.
Usio (Nasdaq: USIO)는 주식 매입 프로그램의 갱신 및 연장을 발표하며, 2028년 5월 15일까지 추가 3년 동안 400만 달러의 총 매입 한도를 승인했습니다. 이 회사는 2022년 5월에 승인된 원래의 400만 달러를 거의 모두 사용했으며, 2024년에는 150만 달러의 주식을 매입했습니다.
이 핀테크 회사는 2024년 12월 31일 기준으로 약 810만 달러의 제한 없는 현금을 보고했으며, 2025년 3월 24일 기준으로 약 2,650만 주의 주식이 유통되고 있습니다. 경영진은 시장 상황 및 기타 요인에 따라 매입 시기와 금액을 결정하며, 공개 시장 구매, 블록 거래 또는 규칙 10b5-1에 따른 개인 거래를 수행할 수 있는 유연성을 가집니다.
Usio (Nasdaq: USIO) a annoncé le renouvellement et l'extension de son programme de rachat d'actions, autorisant une limite d'achat totale de 4 millions de dollars sur une période supplémentaire de 3 ans jusqu'au 15 mai 2028. L'entreprise a déjà utilisé presque toute l'autorisation originale de 4 millions de dollars de mai 2022, y compris 1,5 million de dollars en rachats d'actions en 2024.
La société FinTech a déclaré avoir environ 8,1 millions de dollars en liquidités non restreintes au 31 décembre 2024, avec environ 26,5 millions d'actions en circulation au 24 mars 2025. La direction déterminera le moment et le montant des rachats en fonction des conditions du marché et d'autres facteurs, avec la flexibilité d'effectuer des achats sur le marché ouvert, des transactions en bloc ou des transactions privées conformément à la règle 10b5-1.
Usio (Nasdaq: USIO) hat die Erneuerung und Verlängerung seines Aktienrückkaufprogramms angekündigt und einen Gesamtankaufsbetrag von 4 Millionen Dollar über einen weiteren Zeitraum von 3 Jahren bis zum 15. Mai 2028 genehmigt. Das Unternehmen hat bereits fast die gesamte ursprüngliche Genehmigung von 4 Millionen Dollar aus Mai 2022 genutzt, einschließlich 1,5 Millionen Dollar an Aktienrückkäufen im Jahr 2024.
Das FinTech-Unternehmen berichtete zum 31. Dezember 2024 über etwa 8,1 Millionen Dollar an unbeschränkten Bargeldbeständen, mit etwa 26,5 Millionen ausstehenden Aktien zum 24. März 2025. Das Management wird den Zeitpunkt und den Betrag der Rückkäufe basierend auf den Marktbedingungen und anderen Faktoren festlegen und hat die Flexibilität, Käufe auf dem offenen Markt, Blockgeschäfte oder private Transaktionen gemäß Regel 10b5-1 durchzuführen.
- Authorization of new $4M share repurchase program
- Generated positive cash flow in recent years
- Strong cash position of $8.1M as of December 2024
- Management confidence in company's intrinsic value
- Share repurchase program may reduce available cash for operations
- Program can be modified or terminated without notice
Insights
Usio's renewal and extension of its share repurchase program represents a significant capital allocation decision for a company of its size. With a $4 million authorization against a market cap of approximately $44 million, this buyback represents roughly 9% of the company's total market value—a substantial commitment that signals management's confidence in the company's intrinsic value.
The extension from May 2025 to May 2028 provides a long-term framework for capital return, while the disclosure that they've already utilized virtually all of the previous $4 million authorization (including $1.5 million in 2024) demonstrates consistent execution of their shareholder return strategy.
What's particularly noteworthy is the company's financial position supporting this initiative. With $8.1 million in unrestricted cash as of December 2024 and management's explicit statement about generating positive cash flow over several years, Usio appears well-positioned to fund this program without compromising operational flexibility.
For a smaller fintech with approximately 26.5 million shares outstanding, this repurchase program could meaningfully reduce the float and potentially enhance earnings per share metrics. The management's reference to their "Usio ONE initiative" as a catalyst further suggests confidence in underlying business fundamentals driving future performance.
Renews
SAN ANTONIO, March 26, 2025 (GLOBE NEWSWIRE) -- Usio, Inc: (Nasdaq: USIO), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced that its Board of Directors has authorized to renew the Company’s Share Repurchase Program for an additional 3 years or until funds are depleted, with an aggregate total purchase limit of
“Usio has utilized virtually all of the original
The timing and the amount of any repurchases of common stock will be determined by Usio’s management based on the market price of Usio common stock, evaluation of market and economic conditions and other factors. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time.
As of December 31, 2024, the Company had unrestricted cash of approximately
The Company had approximately 26.5 million shares of common stock outstanding as of March 24, 2025.
Repurchases may be made in open market purchases, block trades or in privately negotiated transactions. Repurchases, if any, under the program will be made at the discretion of management, and will depend upon market pricing and conditions, business, legal, accounting and other considerations. Open market purchases will be conducted in accordance with the limitations of Rule 10b-18 of the Securities and Exchange Commission (the “SEC”). Repurchases may be made pursuant to any trading plan that may be adopted in accordance with SEC Rule 10b5-1, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. Under applicable law, repurchased shares will be cancelled and revert to the status of authorized but unissued shares.
The repurchase program may be modified, suspended or terminated at any time without notice, in the Company’s discretion, based upon a number of factors, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, the need for capital in the Company’s operations and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to repurchase any shares.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), is a leading Fintech that operates a full stack of proprietary, cloud-based integrated payment and embedded financial solutions in a single ecosystem to a wide range of merchants, billers, banks, service bureaus and card issuers. The Company operates credit/debit and ACH payment processing platforms, as well as a turn-key card issuing platform to deliver convenient, world-class payment solutions and services to their clients. The company, through its Usio Output Solutions division offers services relating to electronic bill presentment, document composition, document decomposition and printing and mailing services. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has a development office in Austin, Texas.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook® and Twitter.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "could," "should," "intend," "look forward," "anticipate," "schedule,” and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to an economic downturn, the realization of opportunities from the IMS acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2024. One or more of these factors have affected, and in the future, could affect the Company’s businesses and financial results in the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.
Contact:
Paul Manley
Senior Vice President, Investor Relations
Paul.Manley@usio.com
612-834-1804
FAQ
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