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Stock impact report

Usio Announces Second Quarter 2024 Financial Results [Yahoo! Finance]

Usio, Inc. (USIO) 
Last usio, inc. earnings: 11/14 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
SAN ANTONIO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Usio, Inc: (Nasdaq: USIO), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced financial results for the second quarter, which ended June 30, 2024. Louis Hoch, President and Chief Executive Officer of Usio, said, “Momentum remains strong, with a backlog of contracted PayFac integrated software vendors, "ISVs", still to implement with more than $1.4 billion in potential processing dollars. Total payment dollar processing volume growth accelerated to 29% in the second quarter, with all of our electronic transaction processing businesses generating double-digit growth across all of their key processing metrics. However, based on first half revenues, and anticipated future volumes respective to our initial projections due to PayFac's contracted ISVs implementing slower than we had previously forecasted, we are lowering our revenue guidance to 3 Show less Read more
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