Latest news with #Usio
Business Insider
3 days ago
- Business
- Business Insider
Usio downgraded to Underperform from Market Perform at Barrington
Barrington analyst Gary Prestopino downgraded Usio (USIO) to Underperform from Market Perform. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
23-05-2025
- Business
- Business Insider
Usio files $37M mixed securities shelf
17:15 EDT Usio (USIO) files $37M mixed securities shelf Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
15-05-2025
- Business
- Yahoo
Usio Inc (USIO) Q1 2025 Earnings Call Highlights: Record Revenues and Strategic Initiatives ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Usio Inc (NASDAQ:USIO) reported record numbers in first quarter revenues, with a significant increase in processing volume and strong cash flow. Total processing volume was up 34%, with ACH processing volume increasing by 36%, indicating strong growth in electronic transactions. The company successfully launched the UCO One initiative, aimed at cross-selling and increasing acceptance of Usio's suite of services. Usio Inc (NASDAQ:USIO) generated $700,000 in cash during the quarter, ending with a cash balance of $8.7 million. The company is confident in achieving 14 to 16% top-line revenue growth for the year, driven by new implementations and favorable market conditions. Gross profits remained relatively unchanged from the previous year, with margins softer due to the revenue mix. Net income was down in the quarter compared to the previous year. The company experienced a decline in interest revenue related to funds held for customers, impacting gross margins. Revenue growth was only 5% despite a 36% increase in processing volume, indicating a disconnect between volume and revenue. The impact of the New York City COVID program, which previously contributed over a million dollars in revenue, will no longer affect future comparisons. Warning! GuruFocus has detected 2 Warning Sign with USIO. Q: Can you clarify the organic revenue growth, considering the $1 million in spoilage revenue from the previous year? A: Yes, the $1 million in spoilage revenue from last year was a one-time event. Adjusting for that, the organic growth rate for the quarter was over 10%. This adjustment aligns with our guidance for revenue acceleration in the second half of the year and our full-year revenue growth target of 14 to 16%. - Lewis Holk, Chairman and CEO Q: Could you provide more details on the UCO One sales initiative and its early progress? A: We have 12 quota-bearing salespeople who previously specialized in different business lines. With UCO One, we are consolidating sales efforts and moving to a standardized CRM. This initiative aims to facilitate cross-selling across our services, and we are optimistic about its potential to drive growth. - Greg Carter, Executive Vice President and Chief Revenue Officer Q: Why did gross margins decline year over year despite ACH being the fastest-growing segment? A: Last year's $1 million in spoilage revenue was returned to the City of New York, so it did not contribute to margins. Additionally, interest revenue related to customer funds was down, impacting gross margins. - Michael White, Senior Vice President and Accounting Officer Q: What is the company's strategy for M&A, and what criteria do you use to evaluate opportunities? A: Our M&A criteria include finding companies with synergies in technology, people, or industries we are not currently in. We aim to acquire companies at a multiple lower than our trading multiple and ensure they can sustain themselves post-acquisition. We are seeing more opportunities in the market. - Lewis Holk, Chairman and CEO Q: Can you explain the Consumer Choice product and its significance? A: The Consumer Choice product allows clients to disperse funds through various methods, including virtual cards, ACH, and paper checks. It integrates multiple UCO services into a single solution, generating revenue from each method chosen. This product exemplifies our strategy to cross-sell UCO services and enhance client offerings. - Houston Frost, Chief Product Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
15-05-2025
- Science
- Miami Herald
Grad student discovers clawed creature tangled near WA lake. It's a new species
A graduate student came across a reddish-brown creature with claws that was tangled up in fishing line at a Washington lake — and it turned out to be a new species. Its scientific name is Pacifastacus okanaganensis, but it's known commonly as the Okanagan crayfish. A crayfish is a kind of crustacean, like a crab or lobster. The new species identification was shared in a May 8 study in the peer-reviewed journal Zootaxa. The graduate student, Eric Larson, has since graduated and is now an associate professor in the Department of Natural Resources and Environmental Sciences at the University of Illinois at Urbana-Champaign. He's the lead author of the study, which also documents another new crayfish species in Oregon. A method called genome skimming was used in identifying the new species. The Okanagan crayfish is found in north central Washington and south central British Columbia, Canada, researchers said. It's 'olive brown to brick red,' with a shell, claws and a pair of tubercles that extend from its head, among other features, according to researchers. Its name comes 'from an Okanagan-Salish language place name' and acknowledges its distribution 'throughout the Okanagan and Thompson plateaus and Okanagan Lake, British Columbia, as well as Okanogan County, Washington,' researchers said. Multiple specimens were analyzed as part of the study. Larson, who's been researching crayfish and similar creatures for years, including when he was a graduate student at the University of Washington in Seattle more than a decade ago, recalls that first Okanagan crayfish he came across — the one tangled in fishing line. Larson was in the middle of his doctoral studies, and a colleague from Japan, Nisikawa Usio — also an author on the study — shared that he'd come across an unusual crayfish 'up the mountain from Spokane, Washington,' Larson told McClatchy News in a phone interview. Usio encouraged Larson to take a look. Larson did just that. He liked to hike and camp, and in his free time, he'd 'drive over the mountains and look for this animal,' he said. He found it on the bank of a lake in the Okanogan-Omak area of Washington. When he saw it, he knew it was what he was looking for. To Larson, crayfish are fascinating, but 'I think people can misjudge their diversity,' he said. There are hundreds of species globally, and they differ 'in their habitat associations, how they interact with their food web (and) how abundant they might be,' Larson said. That means they're not interchangeable and moving them around can have ripple effects, he said. Identifying the new species is meaningful, he said, including because 'we can't really manage or conserve these animals if we don't know they exist.' The research team included Usio, plus Cathryn L. Abbott, Scott R. Gilmore, Caren C. Helbing, Mark Louie D. Lopez, Hugh Macintosh, Liane M. Stenhouse and Bronwyn W. Williams.
Yahoo
14-05-2025
- Business
- Yahoo
Usio Inc (USIO) Reports Q1 Loss, Misses Revenue Estimates
Usio Inc (USIO) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -125%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of 300%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Usio , which belongs to the Zacks Financial Transaction Services industry, posted revenues of $22.01 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.66%. This compares to year-ago revenues of $20.32 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Usio shares have added about 8.2% since the beginning of the year versus the S&P 500's gain of 0.1%. While Usio has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Usio: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $22.97 million in revenues for the coming quarter and $0.16 on $94.69 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Society Pass Incorporated (SOPA), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended March 2025. This company is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of +81.8%. The consensus EPS estimate for the quarter has been revised 20.4% higher over the last 30 days to the current level. Society Pass Incorporated's revenues are expected to be $2.2 million, up 18.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Usio Inc (USIO) : Free Stock Analysis Report Society Pass Incorporated (SOPA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
