Usio Q2 2023 revenue $21.3M (+31% YoY); turns GAAP profitable

Usio, Inc.

2023-Q2 EPS reported $0.01 revenue$42,707,950

Revenue $21.3M, up 31% YoY; 12th consecutive quarter of revenue growth.
GAAP net income $0.2M ($0.01 EPS) vs loss of $1.9M ($0.10) a year ago.
Adjusted EBITDA $1.2M; record gross profit $5.0M, gross margin 23.6% up 350 bps.
Prepaid card revenue surged 276% to $5.2M; spoilage fees expected >$6M in H2 2023.
Reiterates FY2023 revenue growth guidance of 18-20%; cash $6.6M up $0.9M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Usio, Inc. reported quarter ended June 30, 2023 results: revenue $21.3 million, net income $0.2 million. Guidance reaffirmed.

Period: quarter ended June 30, 2023
Revenue: $21.3 million
Net income: $0.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

made. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_531777.htm EXHIBIT 99.1 ex_531777.htm Exhibit 99.1 Usio Announces Record Second Quarter 2023 Financial Results Revenue of $21.3 million, up 31% ; 12th Consecutive Quarter of Revenue Growth Third Consecutive Quarter of More than $1 Million of Adjusted EBITDA 1 Reiterates Expectations of 18% - 20% Full Year 2023

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Usio, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-023656

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