Usio reports Q2 EPS (1c), consensus 0c

Reports Q2 revenue $19.96M, consensus $22.32M. Louis Hoch, President and Chief Executive Officer of Usio (USIO), said, “Results in the second quarter continue to reflect improvements across key strategic objectives including another quarter of strong processing growth, positive operating cash flow, expanded margins and positive Adjusted EBITDA1. These results were achieved while we were effecting fundamental changes across the organization, implementing our new Usio One go-to-market strategy, reducing costs, improving efficiency while investing in, and implementing, new technologies such as wearables and biometric payment systems. We believe the impact of these changes is durable. There are now more new programs in implementation across all our businesses than at any time in our history while the organization has never been better structured to leverage this anticipated growth into attractive returns.”