secwatch.observer — SEC 8-K summary
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Issuer:     Usio, Inc. (USIO)
CIK:        0001088034
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001437749-24-033607
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Usio Q3 net income $2.9M ($0.10/shr) vs loss $0.7M YoY; revenue up 2% to $21.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088034/000143774924033607/0001437749-24-033607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088034/000143774924033607/usio20240909_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033607

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