Core Insights - Usio, Inc. reported a solid performance in Q3 2025, with total payment dollars processed increasing by 8% year-over-year, reaching $2.18 billion, and achieving all-time quarterly records in various processing metrics [1][7][9] Financial Performance - Consolidated revenues for Q3 2025 were $21.18 million, slightly down from $21.32 million in Q3 2024, primarily due to a decline in prepaid card services [4][9] - ACH and complementary services revenues grew by 36% to $5.84 million, while credit card revenues increased by 2% to $7.35 million [10][9] - The company reported a net loss of approximately $0.4 million, or $0.02 per share, compared to a net income of $2.9 million, or $0.10 per share, in the same quarter of the previous year [5][14] Operational Metrics - Total payment transactions processed in Q3 2025 were 16.2 million, a 27% increase from the same quarter last year [7] - The ACH division saw electronic check dollar volume increase by 8%, with transactions growing by 26% and returned check transactions up by 35% year-over-year [3][8] Strategic Developments - The company is focused on growing its recurring revenue base and has implemented a significant enterprise customer in its card business, expected to generate over $100 million in annual recurring processing volume [6] - Usio has invested over $760,000 in share repurchases this year, indicating a strong financial position with $7.7 million in cash and positive cash flow [6][19] Expense Management - Selling, general and administrative (SG&A) expenses increased to $4.5 million in Q3 2025 from $4.1 million in the prior year, attributed to higher salaries and operational costs [13][14] - Adjusted EBITDA for Q3 2025 was $0.4 million, down from $0.8 million in the same quarter a year ago [5][14]

Core Insights - Usio, Inc. reported a 34% increase in total payment dollars processed, reaching $2.0 billion in the first quarter of 2025 compared to $1.5 billion in the same period of 2024 [1][6] - The company achieved positive Adjusted EBITDA of $0.7 million, reflecting improved operational performance and strong cash management [2][4] - The growth in payment processing was primarily driven by a 42% increase in ACH electronic check dollar volume and a 36% increase in ACH transactions [2][7] Financial Performance - Revenues for the first quarter of 2025 were $22.0 million, up 5% from $20.97 million in the prior year, mainly due to strong growth in ACH and complementary services [3][8] - ACH and complementary services revenue grew by 30%, while credit card revenues increased by 4% and PayFac revenues surged by 25% [10][8] - Gross profit for the quarter was $4.8 million, with gross margins declining to 21.9% from 23.1% a year ago, primarily due to lower interest revenues [10][4] Operational Metrics - Total payment transactions processed in Q1 2025 reached 13.7 million, a 41% increase year-over-year [6] - The company set records in its credit card segment, with dollars processed up 17% and transactions processed up 65% compared to the previous year [7] - Operating cash flows improved significantly to $1.4 million from $0.1 million in the same period last year, driven by a reduction in accounts receivable [13] Strategic Outlook - The company has a strong implementation queue from signed deals, indicating potential for future revenue growth [2][5] - Usio is focused on expanding its market presence and strengthening its financial position, with a commitment to disciplined cost control [5][2] - The company ended the quarter with $8.7 million in cash and cash equivalents, reflecting a $0.7 million increase during the first three months of the year [13]