Usio Q3 revenue $20.5M (+25% YoY); net loss narrows to $0.7M vs $1.8M

Usio, Inc.

2023-Q3 EPS reported -$0.02 revenue$63,228,391

Revenue $20.5M, up 25% YoY; 13th consecutive quarter of growth.
Prepaid card revenue surged 197% to $4.7M; load volume +239%.
Net loss $0.7M ($0.04/sh) vs $1.8M ($0.09) a year ago; Adjusted EBITDA loss $0.1M.
Full-year 2023 revenue growth guidance reiterated at 18%-20%.
Cash $7.4M; $1.7M added over first nine months; generated $2.4M adjusted operating cash flow.

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. updated its the third quarter, which ended September 30, 2023 guidance (reaffirmed).

Period: the third quarter, which ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 8, 2023, Usio, Inc. issued a press release announcing financial results for its quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001437749-23-030951

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