earnings
confidence high
sentiment positive
materiality 0.70
Usio Q3 net income $2.9M ($0.10/shr) vs loss $0.7M YoY; revenue up 2% to $21.3M
Usio, Inc.
2024-Q3 EPS reported
$0.10
revenue$62,371,752
- Q3 net income $2.9M (incl. $3.2M tax benefit) vs net loss $0.7M YoY; adjusted EBITDA $0.8M vs $0.4M.
- Revenue $21.3M (+2% YoY); total payment dollars processed up 46% to $2.0B.
- ACH dollar volume +61%; PayFac credit card +27%; prepaid card load record $140M.
- Gross margin improved to 23.0% from 22.2%; SG&A down 4%.
- Cash $8.4M, up $1.2M YTD; management sees potential >$100M annual revenue run rate for 2025.