Usio Increases and Extends Share Repurchase Program

Core Viewpoint - Usio, Inc. has renewed its Share Repurchase Program for an additional three years with a total purchase limit of $4 million, extending the expiration date to May 15, 2028, reflecting confidence in the company's intrinsic value and future growth potential [1][2]. Financial Performance - The company has utilized nearly all of the original$4 million authorized for share buybacks, including $1.5 million in stock repurchased in 2024 [2]. - As of December 31, 2024, Usio had approximately$8.1 million in unrestricted cash and about 26.5 million shares of common stock outstanding as of March 24, 2025 [3]. Share Repurchase Program Details - The repurchase program allows for shares to be bought back through open market purchases, block trades, or privately negotiated transactions, with management discretion based on market conditions [4][5]. - Repurchases may be conducted under a Rule 10b5-1 plan, allowing for buybacks even when the company might be restricted under insider trading laws [4]. Company Overview - Usio, Inc. is a leading FinTech company providing integrated, cloud-based electronic payment and embedded financial solutions, serving a diverse range of clients including merchants, banks, and service bureaus [6]. - The company operates various payment processing platforms and offers services related to electronic bill presentment and document management [6].