Usio reports record FY2023 revenue of $82.6M (+19% YoY); guides FY2024 revenue growth 10-12%

Usio, Inc.

Full year 2023 revenue $82.6M (+19% YoY, 7th consecutive record); Adj. EBITDA $2.4M.
Q4 revenue $19.4M (+4% YoY); net income $0.03M vs loss of $0.15M in Q4 2022.
Prepaid revenues up 105% in FY2023; card load volumes exceeded $100M in Q3 and Q4.
FY2024 guidance: revenue growth 10-12%, Adj. EBITDA $4-4.5M, EPS $0.05-0.07.
Ended FY2023 with $7.2M cash, no significant debt; repurchased $0.6M in shares.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Usio, Inc. reported the fourth quarter and year 2023, which ended December 31, 2023 results: revenue $ 82.6 million. Guidance reaffirmed.

Period: the fourth quarter and year 2023, which ended December 31, 2023
Revenue: $ 82.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

31, 2023 . Louis Hoch, Chairman and Chief Executive Officer of Usio, said, “For the seventh consecutive year, Usio achieved record revenues, with full year 2023 revenues of $ 82.6 million, up 19% . In addition, Adjusted EBITDA 1 totaled $2.4 million for the year. Both of these results met the fiscal 2023 Guidance established at the outset of 2023, illustrating

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Usio, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009584

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