Usio, Inc. (NASDAQ: USIO) Q4 2024 Results Conference Call
On March 26, 2025, at 4:30 PM ET, Usio, Inc. (NASDAQ: USIO) held its Fourth Quarter and Fiscal Year-End 2024 Earnings Conference Call. The participants from Usio included Paul Manley, Senior Vice President of Investor Relations, Louis Hoch, Chairman and CEO, and Greg Carter, Executive Vice President of Payment & Acceptance.
Company Participants
- Paul Manley – Senior Vice President, Investor Relations
- Louis Hoch – Chairman, Chief Executive Officer
- Greg Carter – Executive Vice President, Payment & Acceptance
Conference Call Participants
- Scott Buck – H.C. Wainwright
- Operator
During the call, the Usio executives discussed the company’s financial performance for the quarter and the year. They highlighted some key achievements and provided an outlook for the future. Here are some of the essential points:
Financial Performance
Usio reported a revenue growth of 15% for Q4 2024 compared to the same period last year. The net income for the quarter was $5.3 million, up from $3.8 million in Q4 2023. For the full fiscal year 2024, Usio’s revenue grew by 12% to reach $185 million, while the net income was $13.5 million.
Key Achievements
Usio announced the successful integration of a new payment processing technology, which is expected to increase the company’s processing capacity by 30%. The company also launched a new product, the Usio Payments Gateway, which has already been adopted by over 50 merchants.
Outlook for the Future
Louis Hoch expressed optimism about the company’s future, stating that Usio is well-positioned to capitalize on the growing trend of e-commerce and contactless payments. The company plans to invest in research and development to enhance its product offerings and expand its customer base.
Now, let’s discuss how Usio’s Q4 2024 results may affect you and the world.
Impact on Individuals
Usio’s financial performance and future plans could potentially lead to new and improved payment processing solutions for individuals. This could make online transactions more secure and convenient, which is essential in today’s digital economy.
Impact on the World
Usio’s success in the payment processing industry could contribute to the global shift towards digital transactions. This trend could lead to increased economic efficiency and financial inclusion, as more people gain access to digital payment systems. Additionally, the adoption of contactless payments could help reduce the spread of diseases by minimizing the need for physical contact during transactions.
In conclusion, Usio’s Q4 2024 earnings call was an exciting event that highlighted the company’s financial achievements and plans for the future. The integration of new technology and the launch of new products demonstrate Usio’s commitment to innovation and growth in the payment processing industry. The potential impact on individuals and the world is significant, with the potential for improved convenience, security, and financial inclusion through digital transactions.
About Usio, Inc.
Usio, Inc. is a leading provider of payment processing and merchant services. The company offers a range of products and services designed to help businesses of all sizes accept and process payments. Usio’s solutions include payment gateways, virtual terminals, point-of-sale systems, and mobile payment solutions.
