Usio (NASDAQ:USIO) Issues Quarterly Earnings Results

Usio (NASDAQ:USIO) issued its earnings results on Wednesday. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.01, reports. Usio had a negative net margin of 2.43% and a negative return on equity of 11.68%. The company had revenue of $25.47 million for the quarter, compared to the consensus estimate of $23.20 million.

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 Trading Down 1.1%

NASDAQ:USIO opened at $1.57 on Friday. 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 company’s 50-day simple moving average is $1.22 and its 200 day simple moving average is $1.33. Usio has a one year low of $1.03 and a one year high of $2.02. The firm has a market capitalization of $43.45 million, a P/E ratio of -19.63 and a beta of 1.29.

Institutional Investors Weigh In On Usio

Several institutional investors and hedge funds have recently added to or reduced their stakes in USIO. Goldman Sachs Group Inc. grew its position in Usio by 34.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after buying an additional 15,334 shares during the period. Osaic Holdings Inc. grew its position in shares of Usio by 246.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after buying an additional 20,161 shares in the last quarter. Scoggin Management LP purchased a new stake in Usio in the third quarter worth about $114,000. Citadel Advisors LLC grew its holdings in Usio by 103.7% during the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after acquiring an additional 39,959 shares in the last quarter. Finally, Rothschild Wealth LLC purchased a new position in Usio during the 4th quarter valued at about $563,000. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on USIO shares. HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Usio in a research note on Friday, March 20th. Zacks Research downgraded Usio from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Usio in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.00.

Usio Company Profile

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.