---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001715"
form_type: "8-K"
ticker: "PAYS"
cik: "0001496443"
company_name: "Paysign, Inc."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:49:12.448426+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paysign FY2023 revenue up 24% to $47.3M; net income $6.5M; guides FY2024 revenue $54.5-56.7M

## Summary
- Full-year 2023 total revenue $47.3M (+24% YoY); net income $6.5M ($0.12 diluted EPS) vs $1.0M ($0.02) in 2022.
- Adjusted EBITDA $6.7M (+21% YoY); Q4 2023 revenue $13.7M (+29% YoY), net income $5.6M ($0.10 diluted EPS).
- Plasma centers up 20 net to 464; pharma patient affordability programs up 24 net to 43; revenue from pharma patient affordability +172% YoY.
- Exited FY2023 with $17.0M unrestricted cash, zero debt; repurchased 394,558 shares for $1.1M.
- FY2024 guidance: revenue $54.5-56.7M, net income $2-3M ($0.04-0.06 diluted EPS), adjusted EBITDA $8-9M ($0.15-0.17 diluted EPS).

## SEC filing metadata
- accession: 0001683168-24-001715
- form_type: 8-K
- ticker: PAYS
- cik: 0001496443
- company_name: Paysign, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496443/000168316824001715/0001683168-24-001715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496443/000168316824001715/paysign_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001715
- JSON: https://secwatch.observer/filing/0001683168-24-001715.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001715.txt

## Key facts
- Earnings Releases
  Paysign, Inc. reported the fiscal year ended December 31, 2023 results: revenue $47.3 million, net income $6.5 million, EPS $0.12.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $47.3 million
  - Net income: $6.5 million
  - EPS: $0.12
  - Result: reported results
  source text: PRESS RELEASE Exhibit 99.1 Earnings Release Paysign, Inc. Reports Fourth Quarter and Full-Year 2023 Financial Results For the Full Year · Full-year 2023 total revenues of $47.3 million, up 24% from full-year 2022 · Full-year 2023 net income of $6.5 million, or diluted earnings per share of $0.12, versus net income of $1.0 million, or diluted earnings per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496443/000168316824001715/0001683168-24-001715-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.