From Investing.com: 2024-05-16 08:35:44

Usio, Inc. (NASDAQ: USIO) starts fiscal year 2024 strong with increased card loads and solid financial position. Despite challenges from a COVID program wind down and low-margin plastic card order, ACH business growth offsets. Positive outlook with new contracts and products likely to boost earnings and revenue by 10-12%.

Usio’s Q1 2024 performance sees volumes rise, margins decline due to program end and low-margin order. ACH business growth and large contract win expected to double annual volume. Revenue increase of 10-12%, adjusted EBITDA $4-4.5 million for 2024. Optimistic outlook with partnerships and product launches driving growth.

Market Cap of $42.59M for Usio with strong Revenue Growth of 18.96% in Q4 2023. Forward-looking profitability outlook despite P/E Ratio (Adjusted) of -89.65 suggests market concerns. Analysts predict profitable 2024. Volatile stock price movements noted, InvestingPro Tips offer deeper insights for investors.

Usio anticipates meeting 2024 financial objectives with positive earnings and increased revenue. Volumes rise, margins impacted by program end and low-margin order. ACH business growth and new contracts to support doubling of card processing volume. Strong financial position and strategic expansion position Usio for growth and profitability.

InvestingPro Insights provide nuanced perspective on Usio’s 2024 performance and future potential. Market Cap, Revenue Growth, and profitability outlook analyzed. Tips available for investors on InvestingPro to make informed decisions. Coupon code PRONEWS24 for 10% off Pro subscription. Analysts bullish on Usio’s profitability in 2024 despite market concerns, volatility.



Read more at Investing.com: Usio reports strong start to FY 2024 with record card loads By Investing.com