PaySign, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 10, 2023 at 04:05 pm EDT
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PaySign, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 9.95 million compared to USD 8.2 million a year ago. Revenue was USD 10.14 million compared to USD 8.22 million a year ago.
Net loss was USD 0.16013 million compared to USD 0.309395 million a year ago.
Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Companyâs 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 clientsâ 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.
PAYSIGN, INC. 