Record Revenue Growth
PaySign reported record revenue of $21.6 million, a 41.6% increase year-over-year.
Strong Adjusted EBITDA Growth
Adjusted EBITDA reached a record $5 million, up 78% from the previous year.
Significant Net Income Increase
Net income rose by 54% to $2.2 million, or $0.04 per fully diluted share.
Patient Affordability Business Expansion
The patient affordability business generated $7.9 million in revenue, a 142% increase from the prior year's quarter.
Operational Efficiencies Achieved
Meaningful operational efficiencies were achieved during the quarter.
Expansion of Patient Support Center
Opened a new 30,000 square foot patient support center, quadrupling support capacity.
Improved Gross Profit Margins
Gross profit margin improved by 72 basis points to 56.3%.
Increased Program Count
Ended the quarter with 105 active programs, expecting to reach 125 to 135 by year-end.