Usio reports Q1 EPS 0c, consensus 0c

Reports Q1 revenue $21.45M, consensus $19.81M. CEO Louis Hoch said, "I am extremely pleased to report that we have started the new year with the highest revenue quarter in the history of the Company, with revenue up 18% in the quarter as compared to the same quarter in 2022. More importantly, this growth led to record gross profits, over $1 million in adjusted EBITDA1 for the second consecutive quarter, over $1 million in adjusted operating cash flow1 as well as positive net income and earnings per share. Momentum has been building, and I believe this will enable us to not only achieve our financial objectives for the year, but open new growth markets and establish new relationships that will set the stage for success over the long-term."