Usio (NASDAQ:USIO) Issues Earnings Results, Beats Estimates By $0.01 EPS

Usio (NASDAQ:USIO) released its quarterly earnings data on Wednesday. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01, reports. The business had revenue of $25.47 million during the quarter, compared to analyst estimates of $23.20 million. Usio had a negative return on equity of 13.52% and a negative net margin of 2.94%.

Here are the key takeaways from Usio’s conference call:

• Usio said it delivered a record quarter with 16% year-over-year revenue growth, record processing volumes, and positive adjusted EBITDA, GAAP net income, and operating cash flow.
• Card was a standout, with revenue up 23% to a record $9.7 million as PayFac-driven growth, new enterprise implementations, and ongoing merchant onboarding drove all-time highs in revenue, transactions, and dollar volume.
• ACH and complementary services posted strong momentum, with revenue up 25% and April ACH transactions reaching an all-time monthly high, while PINless Debit continued growing at more than 50%.
• The company highlighted emerging growth from Real-Time Payments, which surged from about 2,000 transactions in January to over 200,000 in the latest month, and said the product carries a more attractive margin profile than PINless Debit.
• Management reiterated full-year guidance for 10%-12% revenue growth and continued positive adjusted EBITDA, while also pointing to major upcoming catalysts such as PostCredit, new prepaid and card-issuing deals, and a large school voucher distribution program expected to scale materially.

Usio Stock Up 21.4%

USIO traded up $0.28 during trading on Thursday, reaching $1.59. 682,138 shares of the stock traded hands, compared to its average volume of 50,098. Usio has a fifty-two week low of $1.03 and a fifty-two week high of $2.02. The stock’s 50-day simple moving average is $1.21 and its two-hundred day simple moving average is $1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $43.92 million, a price-to-earnings ratio of -17.67 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research lowered Usio from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a report on Friday, March 27th. Finally, HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of Usio in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat, Usio presently has an average rating of “Reduce” and an average target price of $4.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rothschild Wealth LLC bought a new stake in Usio in the 4th quarter valued at $563,000. Scoggin Management LP bought a new stake in shares of Usio in the third quarter valued at about $114,000. Citadel Advisors LLC grew its position in Usio by 103.7% during the third quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after buying an additional 39,959 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Usio by 246.1% in the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after acquiring an additional 20,161 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after acquiring an additional 15,334 shares during the period. 20.23% of the stock is currently owned by institutional investors and hedge funds.

About Usio

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi?rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash?based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.