Reports Q4 revenue $18.7M, consensus $18.78M. Louis Hoch, Chairman and Chief Executive Officer of Usio, said, "Usio ended the year on a high note, as revenue in the fourth quarter was a record, as well as our tenth consecutive quarter of quarterly revenue growth, which led to our sixth consecutive year of record revenue. Revenue for the year also met our guidance. For the quarter, revenue growth accelerated sequentially from the third quarter in our ACH, Prepaid, and Output Solution businesses as we generate strong momentum that we expect will propel accelerated revenue growth. We also posted record gross profits in the fourth quarter, in part due to the success of our prepaid business, which generated strong residual revenues from large, completed contracts. This led to $1.0 million of positive Adjusted EBITDA in the quarter."
Published first on TheFly
