secwatch.observer — SEC 8-K summary
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Issuer:     Usio, Inc. (USIO)
CIK:        0001088034
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001437749-24-026783
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Usio Q2 revenue down 6% to $20.1M, lowers FY2024 revenue guidance to 3-7%
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- Net income $0.1M ($0.00 EPS) vs $0.2M ($0.01 EPS) a year ago; adjusted EBITDA $0.8M down from $1.3M.
- Total payment dollars processed up 29% YoY to $1.7B; prepaid card load volume up 55% to record $133M.
- FY2024 revenue growth guidance lowered to 3-7%; EPS guidance cut to $0.0-$0.03 per share.
- FY2024 adjusted EBITDA guidance raised to $4.25M-$5.0M; cash balance $7.5M, up $1.0M YoY.
- CEO cites slower PayFac ISV implementations for guidance cut; backlog of $1.4B in potential processing dollars.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088034/000143774924026783/0001437749-24-026783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088034/000143774924026783/usio20240529_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026783

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