Usio, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:13 pm EST
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Usio, 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 20.52 million compared to USD 16.4 million a year ago. Net loss was USD 0.720913 million compared to USD 1.77 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.09 a year ago.
For the nine months, sales was USD 63.23 million compared to USD 50.72 million a year ago. Net loss was USD 0.501039 million compared to USD 5.33 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.26 a year ago.
Usio, Inc. is a cloud-based, Fintech payment processor. It serves multiple industry verticals with technology that facilitates payment acceptance and funds disbursement in a single, full-stack ecosystem. It provides payment acceptance through multiple payment methods, including payment facilitation, prepaid card and electronic billing products and services to businesses, merchants and consumers. Through its Prepaid Debit Card platform, it offers a variety of prepaid card products, such as reloadable, incentive, promotional and corporate card programs. It provides integrated electronic payment processing services to merchants and businesses, including credit and debit card-based processing services and electronic funds transfer via the ACH network. Its card-based processing services enable merchants to process both traditional card-present, tap-and-pay, or swipe transactions, and card-not-present transactions. Its UsioCard platform supports Apple Pay, Samsung Pay and Google Pay.
USIO, INC. 
