PaySign, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:00 pm EST
Share
PaySign, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 12.09 million compared to USD 10.52 million a year ago. Revenue was USD 12.4 million compared to USD 10.6 million a year ago. Net income was USD 1.1 million compared to USD 0.852109 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
For the nine months, sales was USD 32.78 million compared to USD 27.3 million a year ago. Revenue was USD 33.58 million compared to USD 27.42 million a year ago. Net income was USD 0.836318 million compared to USD 0.31468 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.01 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. 
