Usio Q1 revenue $20.3M down 5% YoY; net loss $0.3M; reiterates FY revenue growth 10-12%

Usio, Inc.

2024-Q1 EPS reported -$0.01 revenue$20,321,615

Total payment dollars processed $1.5B, up 19% YoY; ACH revenue up 16%, Credit card revenue up 3% with record volumes.
Net loss of $0.3M ($0.01 per share) vs net income $0.015M a year ago; Adjusted EBITDA $0.1M vs $1.0M.
Cash $7.1M; generated $0.7M interest income in Q1; reduced accounts payable by $1.2M.
Reaffirms FY 2024 guidance of 10-12% revenue growth; entered contract with potential $20M annual recurring revenue.

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 0.55

Usio, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 15, 2024, Usio, Inc. issued a press release announcing financial results for its quarter ended March 31, 2024.

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Usio, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-017057

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