PaySign, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 22, 2023 at 06:14 am EDT
Share
PaySign, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 10.44 million compared to USD 8.73 million a year ago. Revenue was USD 10.62 million compared to USD 8.77 million a year ago. Net income was USD 0.713095 million compared to USD 0.105166 million a year ago. Basic earnings per share from continuing operations was USD 0.01. Diluted earnings per share from continuing operations was USD 0.01.
For the full year, the company reported sales was USD 37.74 million compared to USD 29.28 million a year ago. Revenue was USD 38.03 million compared to USD 29.46 million a year ago. Net income was USD 1.03 million compared to net loss of USD 2.72 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Companyâs payment solutions are utilized by its corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. Public sector organizations can utilize its payment solutions to disburse public benefits or for internal payments. It markets its prepaid card solutions under its Paysign brand. It operates on a payments platform with cutting-edge fintech capabilities that can be seamlessly integrated with its clientsâ systems. This distinctive positioning allows it to provide end-to-end technologies that securely manage transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Its suite of product offerings includes solutions for corporate rewards, prepaid gift cards and others.
PAYSIGN, INC. 
