Usio Inc Down 3.14% To $1.70 After Earnings Meet

Usio Inc (USIO) said after close Wednesday that it broke even in quarter four 2023.

On the revenue line, the company reported $19.4 million, missing estimates by $1.1 million.

In the same quarter a year ago, the company lost $0.01 per share on revenue of $18.7 million.

The stock is down 3.14% to $1.70 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Usio Inc a Neutral Sentiment Rank from InvestorsObserver.

Usio Inc has performed a little below average during the past few months. Before the report, Usio Inc received a Long-Term Technical Rank by InvestorsObserver of 25, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $1.3 on February 26, 2024 and set a 52-week high on May 5, 2023 at $2.36.

Usio Inc is a United States-based company serves technology companies with merchant processing and card issuing solutions. It offers a range of customized services to merchants, billers, banks, service bureaus, and card issuers. The primary business of the company is processing electronic payments for other companies including all types of Automated Clearing House (ACH) processing, credit, prepaid card, and debit card-based processing. The company provides these solutions through Usio Pay, Usio Card, and Usio Donate.