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Earnings Call Summary | PaySign(PAYS.US) Q1 2024 Earnings Conference

Futu News ·  May 12 06:29  · Conference Call

The following is a summary of the Paysign, Inc. (PAYS) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Paysign reported Q1 2024 revenue of $13.2 million, marking a 30% increase year-over-year.

  • Paysign's adjusted EBITDA increased by 135% to $1.7 million, or $0.03 per fully diluted share, up from $720,000 in the previous year.

  • Gross dollar load volume and gross spend volume rose by 13% and 11% respectively.

  • The Patient Affordability business contributed to 59% of the total year-over-year revenue growth with a 305% increase in revenue.

Business Progress:

  • Paysign expanded its patient affordability programs to reach a total of 53 active programs.

  • An entrance into retail drug programs with 4 programs added in Q1 and more expected to launch in the future.

  • The plasma donor compensation business saw an 11% increase in revenue.

  • The company anticipates adding 15 to 25 new plasma donor centers in 2024.

  • Paysign is seeking to enter new markets while also investing in its personnel and systems to meet growing demand.

More details: PaySign IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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