Paysign Inc (OQ:PAYS)
Business Focus: Transaction & Payment Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2615 St. Rose Parkway HENDERSON NV 89052 |
| Tel: | N/A |
| Website: | https://paysign.com |
| IR: | See website |
| Key People | ||
| Mark R. Newcomer Chairman of the Board, President, Chief Executive Officer | Jeffery B. Baker Chief Financial Officer, Treasurer | Cosimo Cambi Chief Operating Officer |
| Joan M. Herman Executive Vice President, Director | Robert P. Strobo General Counsel, Secretary, Chief Legal Officer | Matthew Lanford Chief Payments Officer, Director |
| Business Overview |
| Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Company's payment solutions are utilized by its corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. Public sector organizations can utilize its payment solutions to disburse public benefits or for internal payments. It markets its prepaid card solutions under its Paysign brand. It operates on a payments platform with cutting-edge fintech capabilities that can be seamlessly integrated with its clients' systems. This distinctive positioning allows it to provide end-to-end technologies that securely manage transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Its suite of product offerings includes solutions for corporate rewards, prepaid gift cards and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Paysign Inc revenues increased 24% to $47.3M. Net income increased from $1M to $6.5M. Revenues reflect Plasma industry increase of 21% to $42M, Pharma industry increase of 35% to $4.1M, Other increase from $289K to $1.3M. Net income benefited from Interest income increase from $791K to $2.5M (income). Basic Earnings per Share excluding Extraordinary Items increased from $0.02 to $0.12. |
| Employees: | 123 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $198.06M as of Dec 31, 2023 |
| Annual revenue (TTM): | $47.27M as of Dec 31, 2023 |
| EBITDA (TTM): | $3.86M as of Dec 31, 2023 |
| Net annual income (TTM): | $6.46M as of Dec 31, 2023 |
| Free cash flow (TTM): | $20.57M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 52,968,374 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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