Usio, Inc. (NASDAQ:USIO) Q1 2023 Earnings Conference Call May 6, 2023 4:30 PM ET
Company Participants
Louis Hoch - Chairman, Chief Executive Officer
Tom Jewell - Senior Vice President, Chief Financial Officer
Greg Carter - Executive Vice President of Payment and Acceptance
Houston Frost - Senior Vice President of Prepaid Services
Paul Manley - Senior Vice President of Investor Relations
Conference Call Participants
Jon Hickman - Ladenburg
Gary Prestopino - Barrington Research
Operator
Good afternoon, everyone, and welcome to the Usio Earnings Conference Call for the First Quarter of Fiscal 2023. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions].
All participants on this call are advised that the audio of the conference call is being broadcast live over the internet and is also being recorded for playback purposes. A replay will be available shortly after the end of the call through May 17, 2023.
I would now like to turn the conference over to Paul Manley, Senior Vice President of Investor Relations. Please go ahead, sir.
Paul Manley
Thank you, and thank you everyone for joining our call today. Welcome to Usio’s first quarter fiscal 2023 conference call. The earnings release, which we issued today after the market closed, is available on our website at usio.com under the Investor Relations tab.
On this call today are Louis Hoch, our Chairman and CEO; Tom Jewell, Senior Vice President and Chief Financial Officer; Greg Carter, Executive Vice President of Payment and Acceptance; and Houston Frost, Senior Vice President of Prepaid Services.
Let me remind our listeners that certain statements made during the call today constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities and Litigation Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from such statements. These risks and uncertainties are described in our earnings press release and in our filings with the SEC.
The forward-looking statements today are made on the date of this call, and we do not undertake any obligation to update these forward-looking statements. Management will provide prepared remarks, then we’ll have a question-and-answer session.
But let me lead off with the highlights from this afternoon’s release. I am pleased to report another quarter of record results, with first-quarter revenue up 18% and our 11th consecutive quarter of revenue growth, and beating analyst estimates. We also reported a quarter of positive adjusted EBITDA, which improved by nearly $1.4 million from the same quarter of 2022.