Paysign, Inc. Provides Revenue Guidance for the First Quarter and Full-Year 2023
March 21, 2023 at 08:14 pm
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PaySign, Inc. provided revenue guidance for the first quarter and full-year 2023. For the quarter, company expects total revenue to be in the range of $10.2 million to $10.3 million with gross profit margins between 52.5% to 53.5%. Interest income is expected to be in excess of $500,000 with a net loss of $50,000 to $150,000.
For the year, company expects total revenues to be in the range of $44.0 million to $46.0 million, an increase of 16% to 21%, net income to be in the range of $2.5 million to $3.5 million or $0.05 to $0.06 per diluted share.
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. 
