---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023656"
form_type: "8-K"
ticker: "USIO"
cik: "0001088034"
company_name: "Usio, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:58:50.212303+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-023656
- form_type: 8-K
- ticker: USIO
- cik: 0001088034
- company_name: Usio, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1088034/000143774923023656/0001437749-23-023656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1088034/000143774923023656/usio20230608_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023656
- JSON: https://secwatch.observer/filing/0001437749-23-023656.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023656.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1088034/000143774923023656/0001437749-23-023656-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.