Core Insights - Paysign (NASDAQ: PAYS) is identified as a U.S. microcap payment processing business that has been closely monitored for over a decade [1] Company Overview - The company has experienced significant stock movement, with a notable increase of approximately 12 times since May 2018 [1]

Revenue Growth - Total revenues for the three months ended September 30, 2024, increased by $2,856,106, or 23.0%, compared to the same period in 2023, reaching $15,256,431[90]. - Total revenues for the nine months ended September 30, 2024 were $42,778,104, a 27.4% increase from $33,584,666 in the prior year[100]. - Plasma industry revenue rose by $377,822, or 3.4%, to $11,439,534, driven by the addition of 16 net new plasma centers and increased donations[91]. - Plasma industry revenue for the nine months ended September 30, 2024 increased by $2,644,590, while pharma industry revenue surged by $5,993,365[100]. - Pharma industry revenue surged by $2,248,618, or 219.1%, to $3,274,888, attributed to the launch of 32 new patient affordability programs[91]. Profitability - Gross profit for the three months ended September 30, 2024, increased by $2,141,196, or 33.8%, resulting in a gross margin of 55.5%[90][93]. - Gross profit for the nine months ended September 30, 2024 increased by $6,002,801, resulting in a gross margin of 53.8%[103]. - Net income for the period was $1,436,837, reflecting a 30.5% increase compared to the prior year, with a net margin of 9.42%[88]. - Net income for the three months ended September 30, 2024 was $1,436,837, an increase of $336,233 compared to the same period in 2023[98]. - Net income for the nine months ended September 30, 2024 was $2,443,035, an improvement of $1,606,717 compared to the prior year[108]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $6,756,410, up 60.5% from $4,207,363 in 2023[113]. Operating Expenses - Operating expenses totaled $7,783,465, an increase of $2,041,779, or 35.6%, with selling, general and administrative expenses rising by 32.4%[88]. - Selling, general and administrative expenses for the three months ended September 30, 2024 increased by $1,521,335, primarily due to a $1,821,000 rise in compensation and benefits[94]. - Selling, general and administrative expenses for the nine months ended September 30, 2024 rose by $3,202,922, mainly due to a $4,012,000 increase in compensation and benefits[104]. - Depreciation and amortization expense for the three months ended September 30, 2024 increased by $520,444, driven by new software development costs and equipment purchases[95]. Cash Flow and Investments - Operating activities provided $8,633,922 of cash, an increase of 106.5% compared to $4,180,064 in the prior year[116]. - Cash used in investing activities was $7,087,867 for the nine months ended September 30, 2024, compared to $4,999,986 in 2023, reflecting increased investment in technology[117]. - Unrestricted cash as of September 30, 2024, was $10,293,207, an increase of 3.6% from $9,936,627 in the prior year[120]. - Financing activities used $331,695 in cash, primarily for the repurchase of 100,000 shares at an average price of $3.60 per share[118]. - The company financed operations through internally generated funds during the nine months ended September 30, 2024[115]. Future Outlook - The company plans to continue investing in technology improvements, sales and marketing, and regulatory compliance in 2024[89]. - Future product expansions are expected to include travel cards and expense reimbursement cards[78]. - The company continues to monitor bank relationships amid elevated interest rates and refinancing risks in commercial real estate[120]. Market Trends - The prepaid card market in the U.S. has seen significant growth, driven by improved technology and increased consumer adoption[84]. - The company manages all aspects of the prepaid card lifecycle, enhancing customer service with a fully staffed, in-house department[85]. Operational Performance - Income from operations for the three months ended September 30, 2024 was $689,849, an improvement of $99,417 compared to the prior year[96]. - Gross dollar volume loaded on cards was $456 million for the three months ended September 30, 2024, compared to $448 million in the same period of 2023[110]. - The increase in cash flows from operating activities was impacted by net income and non-cash adjustments for depreciation and amortization[116]. - Significant contractual cash requirements include ongoing payments for lease liabilities[119].

Core Insights - The article discusses the effectiveness of value investing as a strategy that has consistently performed well across various market conditions [2] - It highlights the Zacks Rank system and Style Scores as tools for identifying strong value stocks [3] Company Analysis - Paysign (PAYS) is currently rated 2 (Buy) with an A for Value, trading at a P/E ratio of 14.34, significantly lower than the industry average of 22.65 [4] - PAYS has a P/B ratio of 7.64, which is attractive compared to the industry average of 7.68, with its P/B fluctuating between 4.91 and 10.84 over the past year [5] - Western Union (WU) is also rated 2 (Buy) with a Value Score of A, trading at a Forward P/E ratio of 6.65 and a PEG ratio of 1.76, both favorable compared to the industry averages [6] - WU's P/B ratio stands at 9.32, higher than the industry average of 7.68, with its P/B ranging from 6.51 to 11.69 in the last 52 weeks [7] Investment Outlook - Both Paysign and Western Union are identified as likely undervalued stocks, supported by their strong earnings outlook, making them attractive options for value investors [8]

Group 1: Company Performance - Paysign, Inc. (PAYS) has achieved a year-to-date return of approximately 54.6%, significantly outperforming the average return of 14.2% for the Business Services sector [4] - The Zacks Consensus Estimate for PAYS' full-year earnings has increased by 10.5% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [3] - In comparison, another stock in the Business Services sector, Recruit Holdings Co., Ltd. (RCRRF), has returned 45.8% year-to-date [4] Group 2: Industry Context - Paysign, Inc. is part of the Financial Transaction Services industry, which consists of 42 companies and currently ranks 66 in the Zacks Industry Rank, with an average year-to-date gain of 12.3% [5] - The Business Services sector, which includes 317 individual stocks, is ranked 6 in the Zacks Sector Rank, indicating a relatively strong performance compared to other sectors [2] - Recruit Holdings Co., Ltd. operates within the Business - Information Services industry, which has 10 stocks and is ranked 89, with a year-to-date return of 16.5% [6]

Group 1 - Paysign, Inc. (PAYS) has shown a year-to-date return of 67.5%, significantly outperforming the average return of 10.9% in the Business Services sector [4] - The Zacks Consensus Estimate for PAYS' full-year earnings has increased by 10.5% over the past quarter, indicating improved analyst sentiment [4] - Paysign, Inc. is ranked 2 (Buy) in the Zacks Rank system, which focuses on earnings estimates and revisions [3] Group 2 - Paysign, Inc. is part of the Financial Transaction Services industry, which has an average return of 7.3% this year, further highlighting PAYS' strong performance [6] - Recruit Holdings Co., Ltd. (RCRRF) has also outperformed the Business Services sector with a return of 57% year-to-date and has a Zacks Rank of 1 (Strong Buy) [5] - The Business - Information Services industry, to which Recruit Holdings belongs, has seen a return of 12.2% this year, ranking 149 in the Zacks Industry Rank [6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission file number 001-38623 PAYSIGN, INC. (Exact name of registrant as specified in its charter) Nevada 95-4550154 (Sta ...

Exhibit 99.1 Earnings Release Paysign, Inc. Reports First Quarter 2024 Financial Results Adjusted EBITDA and Adjusted EBITDA per share are non-GAAP metrics used by management to gauge the operating performance of the business – see reconciliation of net income to Adjusted EBITDA at the end of the press release. HENDERSON, Nev. – May 7, 2024 – (ACCESSWIRE) – Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services and i ...

FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐TRANSITION PURSUANT TO UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-38623 PAYSIGN, INC. (Exact name of registrant as specified in its charter) Table of Contents Indicate by check mark whet ...

PaySign, Inc. (NASDAQ:PAYS) Q4 2023 Earnings Conference Call March 26, 2024 5:00 PM ET Corporate Participants Mark Newcomer - President and Chief Executive Officer Jeff Baker - Chief Financial Officer Matt Turner - President of Patient Affordability Conference Call Participants Peter Heckmann - DA Davidson Gary Prestopino - Barrington Research Jon Hickman - Ladenburg Thalmann Operator Good afternoon. My name is Kevin and I'll be your conference operator today. At this time I'd like to welcome everyone to th ...

For the Full Year For the Fourth Quarter Adjusted EBITDA and Adjusted EBITDA per share are non-GAAP metrics used by management to gauge the operating performance of the business – see reconciliation of net income to Adjusted EBITDA at the end of the press release. Exhibit 99.1 Earnings Release Paysign, Inc. Reports Fourth Quarter and Full-Year 2023 Financial Results 1 · Full-year 2023 total revenues of $47.3 million, up 24% from full-year 2022 · Full-year 2023 net income of $6.5 million, or diluted earnings ...