---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003052"
form_type: "8-K"
ticker: "PAYS"
cik: "0001496443"
company_name: "Paysign, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:44:55.762529+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Paysign Q1 revenue $13.2M (+30% YoY); net income $309k vs loss; reaffirms FY guidance

## Summary
- Total revenue $13.2M, up 30% YoY; net income $309k ($0.01 diluted EPS) vs net loss $160k in Q1 2023.
- Adjusted EBITDA $1.7M, up 135% from $720k; diluted adj. EBITDA per share $0.03 vs $0.01.
- Pharma patient affordability revenue surged 305% YoY; added 10 net new programs, ending quarter with 53 active.
- Plasma revenue up 11% YoY; 469 plasma centers (net +5); avg revenue per center per month $7,414 (+5%).
- Confirms FY 2024 guidance: revenue $54.5M–$56.7M, adjusted EBITDA $8.0M–$9.0M; Q2 revenue expected +27.5% YoY.

## SEC filing metadata
- accession: 0001683168-24-003052
- form_type: 8-K
- ticker: PAYS
- cik: 0001496443
- company_name: Paysign, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496443/000168316824003052/0001683168-24-003052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496443/000168316824003052/paysign_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003052
- JSON: https://secwatch.observer/filing/0001683168-24-003052.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003052.txt

## Key facts
- Earnings Releases
  Paysign, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $13.2 million, net income $309 thousand, EPS $0.01.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $13.2 million
  - Net income: $309 thousand
  - EPS: $0.01
  - Result: reported results
  source text: First quarter 2024 total revenues of $13.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496443/000168316824003052/0001683168-24-003052-index.htm

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