Paysign, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 04:26 pm EDT
Share
PaySign, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 6.651 million compared to USD 6.443 million a year ago. Operating loss was USD 936,177 compared to USD 646,161 a year ago. Net loss was USD 931,967 compared to USD 219,234 a year ago. Basic loss per share from continuing operations was USD 0.02. For the half year, total revenue was USD 12.930 million compared to USD 17.019 million a year ago. Operating loss was USD 2.565 million compared to operating Income of USD 745,092 a year ago. Net loss was USD 2.555 million compared to net income of USD 1.321 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.02 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. 
