Usio Inc (USIO) Q3 2024 Earnings Call Highlights: Surging Payment Processing Volume and ...

GuruFocus.com11-07

GAAP Earnings: Significantly better than expected, including an income tax benefit. Payment Processing Volume Growth: Accelerated to 46% from 24% last quarter. Transactions Processed: Increased by 31%...

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The opportunity to","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"USIO":"Usio, Inc."},"translate_title":"Usio Inc(USIO)2024年第三季度收益看涨期权亮点：支付处理量激增和……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USIO":1},"content_text":"GAAP Earnings: Significantly better than expected, including an income tax benefit.\nPayment Processing Volume Growth: Accelerated to 46% from 24% last quarter.\nTransactions Processed: Increased by 31%.\nAdjusted EBITDA: Nearly $800,000 for the quarter, more than double that of a year ago.\nCash Position: Increased, powered by $2.4 million of adjusted operating cash flows over the first nine months of 2024.\nSG&A Expenses: Down in the quarter, up only $200,000 through the first nine months of the year.\nACH Revenues: Up 22% in the quarter, now up 10% for the year.\nElectronic Check Transaction Volume: Up 25%.\nCheck Dollars Processed: Up 61%.\nCard Issuing Dollars Loaded: Over $140 million, up 21%.\nPurchase Volume: Increased by 23%.\nTotal Transactions Processed: Increased by 58%.\n\n\nWarning! GuruFocus has detected 3 Warning Signs with USIO.\n\nRelease Date: November 06, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nUsio Inc (NASDAQ:USIO) reported positive GAAP net income and earnings per share for the second consecutive quarter, indicating improved financial performance.\nThe company achieved a significant increase in total payment dollar processing volume, which accelerated to 46% growth from the previous quarter.\nUsio Inc (NASDAQ:USIO) has the strongest pipeline of signed deals and the largest backlog of pending implementations in its history, suggesting future growth potential.\nAdjusted EBITDA for the quarter was nearly $800,000, more than double that of the previous year, highlighting operational profitability improvements.\nThe company successfully replaced nearly $12 million in annualized revenue from the concluded New York City COVID incentive program with new stable recurring revenue.\n\n Negative Points \n\nRevenue growth was modest, partly due to the need to replace the significant revenue from the New York City COVID incentive program.\nImplementations with a large web-based ERP ISV have been slower than anticipated, potentially delaying revenue realization.\nSequential gross margin declined by about 1% from the previous quarter, attributed to product line mix and revenue sources.\nThe M&A market has not been favorable, with Usio Inc (NASDAQ:USIO) unable to find suitable acquisition opportunities that meet their criteria.\nThe timing of various implementations could impact near-term success, with potential slippage affecting quarterly performance.\n\n Q & A Highlights \nQ: When do you start to anniversary the COVID spoilage from New York, and when do the comps start to look easier? A: The comps will start to look easier in the second quarter of next year. - Louis Hoch, Chairman, President, CEO, COO\nQ: What is the gross margin difference between electronic and paper in Output Solutions, and what could this mean for margin improvement over time? A: Electronic is almost pure margin, while paper is about 20% gross margin. The opportunity to increase gross margin is significant by producing more electronic documents. - Louis Hoch, Chairman, President, CEO, COO\nQ: With the increasing cash on the balance sheet, what are your thoughts on potential acquisitions or capital allocation? A: It's good to have cash and continue generating it. The M&A market hasn't been great recently, but we continue to look for deals that meet our criteria. We hope the market will improve post-election. - Louis Hoch, Chairman, President, CEO, COO\nQ: What is the expected margin for Output Solutions going forward with the new equipment and more electronic processing? A: The margin is expected to be in the mid-20s, around 24% to 25%. - Louis Hoch, Chairman, President, CEO, COO\nQ: Why was there a sequential decline in gross margin from Q2 to Q3? A: The decline was due to a mix in product lines and revenue sources, particularly in prepaid, where big cardholders have less margin compared to higher-margin revenue from spend. - Louis Hoch, Chairman, President, CEO, COO\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481928300"}