secwatch.observer — SEC 8-K summary
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Issuer:     Usio, Inc. (USIO)
CIK:        0001088034
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001437749-24-017057
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088034/000143774924017057/0001437749-24-017057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088034/000143774924017057/usio20240319_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017057

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