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PaySign Full Year 2023 Earnings: Beats Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1 min read

PaySign (NASDAQ:PAYS) Full Year 2023 Results

Key Financial Results

  • Revenue: US$47.3m (up 24% from FY 2022).

  • Net income: US$6.46m (up by US$5.43m from FY 2022).

  • Profit margin: 14% (up from 2.7% in FY 2022). The increase in margin was driven by higher revenue.

  • EPS: US$0.12 (up from US$0.02 in FY 2022).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

PaySign Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates.

In the last 12 months, the only revenue segment was Data Processing contributing US$47.3m. The largest operating expense was General & Administrative costs, amounting to US$20.1m (82% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$6.92m. Explore how PAYS's revenue and expenses shape its earnings.

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Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for PaySign you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.