Financial Data and Key Metrics Changes - Consolidated revenues decreased by approximately 3% to $7 million compared to $7.2 million in the same period last year, which is significantly less than the revenue decreases reported across the industry [34][35] - Gross profits decreased by 18% to $1.3 million, with gross margins down 340 basis points to 18.5% from 21.9% in the prior period, reflecting a shift in product mix [36] - Net loss remained unchanged at $1.3 million or $0.10 per share, consistent with the prior period [38] Business Line Data and Key Metrics Changes - Prepaid revenues increased by 58% year-over-year, with card load volume up 64% and transaction volumes up 47% [20][28] - Credit card revenues were up 4%, including a 167% growth in the PayFac business [35] - ACH revenues decreased by approximately 25% due to weakness in the consumer lending industry [35] Market Data and Key Metrics Changes - Credit card transactions increased by 26%, with the number of transactions reaching the highest in the company's history [15] - The prepaid business has seen significant growth, particularly in government and charitable organization programs, with five of the ten largest U.S. cities adopting their prepaid solutions [21][22] Company Strategy and Development Direction - The company aims to leverage its broad portfolio of payment solutions across diversified end markets, which has proven more resilient during economic downturns [11] - A $3 million private placement was completed to support growth initiatives and strengthen the balance sheet [24] - The company is focused on enhancing its prepaid and PayFac business lines, with plans to improve operational efficiency and conversion rates [45][49] Management's Comments on Operating Environment and Future Outlook - Management noted that while the second quarter was impacted by COVID-19, performance improved progressively from April to June and into July [10] - The company expects consumer lending to recover slowly, which will continue to affect ACH in the near term, but anticipates growth in other segments [26][76] - Management expressed confidence in the company's positioning for strong growth once the economy fully recovers [27] Other Important Information - The company reported a cash balance of $1.8 million at June 30, 2020, which increased to approximately $4.6 million by the end of July [40] - The company has signed 55 new clients in 2020, with expectations for substantial growth in load and transaction volumes in the third quarter [29][32] Q&A Session Summary Question: Was there any sequential revenue growth in PayFac this quarter? - Yes, there was a 4% growth month-over-month or quarter-over-quarter [58] Question: Can you discuss the focus on ISVs and merchant boarding? - There was a lack of structure and discipline around the implementation phase, which has now been addressed by creating a dedicated implementation team [60] Question: How many of the new accounts are generating revenues? - Approximately 25% to 30% of the new accounts have not yet started generating revenue [62] Question: What is the expected OpEx for the quarter? - OpEx is expected to increase due to new hires and increased call center support [69] Question: What is the sequential decline in ACH from Q1 to Q2? - The decline in ACH revenues was approximately $500,000 [72][73] Question: How does the company plan to address the ACH business challenges? - Management believes ACH has already hit its bottom and expects it to recover alongside the economy [81] Question: What is the spoilage revenue expected from prepaid programs? - Spoilage revenue is expected to be material, with significant growth anticipated over the next 12 to 24 months [85][86]

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 June 30, 2020 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:000-30152 USIO, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - The company reported record revenues for Q1 2020, with an 18% increase to $7.8 million compared to the same period last year [9][30] - Adjusted EBITDA improved to a loss of approximately $200,000, an improvement of $400,000 from Q4 2019 [32] - The net loss for the quarter was $0.8 million or $0.06 per share, an improvement from a net loss of $1.1 million or $0.09 per share in the same period last year [33] Business Line Data and Key Metrics Changes - Revenue from the prepaid card division increased by 69%, while credit card revenue rose by 28% [10][30] - The PayFac division saw a 52% sequential increase in processing volumes from Q4 2019 [11][36] - ACH revenues remained relatively flat, but the division continues to generate strong margins and cash flow [30][14] Market Data and Key Metrics Changes - The ACH business experienced a decline in transaction volumes due to the COVID-19 pandemic, with a 7% decrease in April compared to the previous year [20][48] - The company onboarded 30 new accounts in March, indicating underlying strength despite the pandemic's impact [14] - The prepaid segment saw a significant uptick in disbursement sales related to COVID relief programs, potentially doubling activity over the next two quarters [25][27] Company Strategy and Development Direction - The company is focusing on enhancing revenue transparency and has delivered segmented revenue reporting in 2020 [9] - There is a strategic shift towards scalable solutions in the prepaid business, prioritizing partnerships and disbursement cards [23] - The company is exploring acquisition opportunities that are accretive and synergistic with existing business lines [62][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to resume growth as restrictions are lifted, despite the challenges posed by COVID-19 [21][34] - The company has implemented cost controls and is experiencing lower expenses during the pandemic [44] - Management anticipates that the second half of the year will see further acceleration in growth, particularly in the PayFac division [40] Other Important Information - The company secured $813,500 in funding through the Paycheck Protection Plan, which may be subject to forgiveness [33][77] - Leadership changes were announced within the Payment Facilitation division, with Greg Carter stepping into a key role [16][72] Q&A Session Summary Question: What were the prepaid sales growth and total credit card sales growth in the quarter? - Prepaid sales growth was 69% and total credit card sales growth was 28% [42] Question: How do you expect expenses to trend for the rest of the year? - Expenses are expected to remain at current levels, with no new hires and reduced travel costs [44] Question: What was the impact of COVID-19 on transaction volumes in March and April? - ACH transactions were down 7% in April compared to last year, with significant declines in the dentist portfolio [48][56] Question: How is the company positioned for future growth in the PayFac segment? - The PayFac segment is expected to continue its growth trajectory, with strong client signings and a healthy pipeline [39][40] Question: What is the company's approach to acquisitions during this period? - The company is looking for accretive acquisitions that complement existing business lines, although a recent potential acquisition was halted due to COVID-19 [69][70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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:000-30152 USIO, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

Usio, Inc. (NASDAQ:USIO) Q4 2019 Earnings Conference Call March 30, 2020 5:00 PM ET Company Participants Joe Hassett - IR Louis Hoch - President and CEO Tom Jewell - SVP and CFO Vaden Landers - EVP and CRO Conference Call Participants Gary Prestopino - Barrington Research Brian Kinstlinger - Alliance Global Partners Barry Sine - Spartan Capital Operator Good afternoon and welcome to the Usio Earnings Conference Call for the Fourth Quarter Ended December 31st, 2019. All participants will be in listen-only mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. For the transition period from ______ to ________ Commission File No. 000-30152 Nevada 98-0190072 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) [_] TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Usio, Inc. (NASDAQ:USIO) Q3 2019 Earnings Conference Call November 14, 2019 5:00 PM ET Company Participants Joe Hassett - Investor Relations Louis Hoch - President and Chief Executive Officer Houston Frost - Senior Vice President, Corporate and Prepaid Development Tom Jewell - Senior Vice President and Chief Financial Officer Vaden Landers - Executive Vice President and Chief Revenue Officer Conference Call Participants Gary Prestopino - Barrington Research Associates, Inc. Barry Sine - Spartan Capital Oper ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 (210) 249-4100 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:000-30152 USIO, INC. (Exact name of registrant as specified in its charter) Nevada 98-0190072 (State ...

Usio, Inc. (NASDAQ:USIO) Q2 2019 Earnings Conference Call August 14, 2019 5:00 PM ET Company Participants Joe Hassett - Head of Investor Relations Louis Hoch - President, Chief Executive Officer, Chief Operating Officer Houston Frost - Senior Vice President of Prepaid Services Tom Jewell - Chief Financial Officer Vaden Landers - Chief Revenue Officer Conference Call Participants Gary Prestopino - Barrington Research Associates, Inc. Brian Kinstlinger - Alliance Global Partners Michael Diana - Maxim Group, L ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended June 30, 2019 Nevada 98-0190072 or (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) [_] 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:000-30152 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT O ...