Customer LossShares of Usio, Inc. declined 12.2% in trading following a release that the business had lost a large ERP ISV customer to a business sale.
Financial PerformanceUSIO’s Q3/24 financial results included sales of $20.1 million and adjusted EBITDA of $798,969, falling short of estimates.
Implementation DelaysManagement guided to 4Q24 results similar to 3Q24 results due to continued implementation delays, putting both revenue and adjusted EBITDA below the low end of previous guidance ranges.