secwatch.observer — SEC 8-K summary
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Issuer:     Usio, Inc. (USIO)
CIK:        0001088034
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001437749-23-023656
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088034/000143774923023656/0001437749-23-023656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088034/000143774923023656/usio20230608_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023656

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer