Usio reports Q4 EPS 0c, consensus 0c

Reports Q4 revenue $19.4M, consensus $20.4M. Louis Hoch, CEO, said, “For the seventh consecutive year, Usio achieved record revenues, with full year 2023 revenues of $82.6 million, up 19%. In addition, Adjusted EBITDA1 totaled $2.4 million for the year. Both of these results met the fiscal 2023 Guidance established at the outset of 2023, illustrating our focus throughout the year on delivering on our commitments to our shareholders. Results were achieved on the strength of our 11th consecutive quarter of quarterly revenue growth primarily attributable to a 21% increase in processing volumes. We ended the year with our strongest ever balance sheet, which provides the resources to support our growth strategy. We believe that fiscal 2024 will be another year of revenue growth and bottom-line improvement. In addition to the momentum created by the recurring revenue of our many long-term clients, I am extremely excited by large opportunities in the pipeline that, when contracted, could change our growth trajectory and establish a broader and deeper base in our markets to help us build shareholder value over the long term.”