USIO - Usio sees record Q1 revenues led by record transaction and processing volumes

Usio (NASDAQ:USIO) expects to report record revenues for Q1 2022 led by strength of record transaction and processing volume ($2.2B, an increase of 18% Y/Y). In Q1, total card dollars processed exceeded $325M, with 2.6M+ transactions processed, both all-time quarterly records. Total dollars loaded on prepaid cards exceeded $69M in Q1 and set a new all-time quarterly record. Total payment transactions processed in Q1 2022 stood at 10.5M. The company is on track to achieve its expected 18-20% revenue growth, positive operating cash flow and adj. EBITDA in 2022, conditioned on both continued enthusiasm in the fintech lending and cryptocurrency industries. Analysts consensus estimates for revenue stands at $16.56M (+23% Y/Y).

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Usio sees record Q1 revenues led by record transaction and processing volumes