Usio, Inc. (NASDAQ:USIO) Q1 2022 Earnings Conference Call May 12, 2022 11:00 AM ET

Company Participants

Joseph Hassett - IR

Louis Hoch - Co-Founder, Vice-Chairman, President, CEO & COO

Houston Frost - SVP, Corporate Development & Prepaid Products

Gregory Carter - EVP, Payment Acceptance

Lowell Jewell - SVP & CFO

Conference Call Participants

Barry Sine - Spartan Capital Securities

Gary Prestopino - Barrington Research Associates

Jon Hickman - Ladenburg Thalmann & Co.

Michael Diana - Maxim Group

Operator

Good morning, and welcome to the Usio earnings conference call for the first quarter ended March 31, 2022. [Operator Instructions].

Participants of this call are advised that the audio of this conference 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 26, 2022.

And now, I would like to turn the conference over to Joe Hassett, Investor Relations. Please go ahead.

Joseph Hassett

Thanks, Tom, and thank you, everyone, for participating in today's call. Welcome to Usio's First Quarter Fiscal 2022 Financial Results Conference Call. The earnings release, which Usio issued yesterday after market close, is available on the company's Investor Relations website at usio.com/investors, under News.

On this call today are Louis Hoch, President and CEO; Tom Jewell, Senior Vice President and Chief Financial Officer; Greg Carter, Executive Vice President of Payment Acceptance, Houston Frost, Senior Vice President of Prepaid Services. Management will provide prepared remarks, and then we will open the call to your questions.

Before we begin, please remember that comments on today's call include forward-looking statements. Forward-looking statements can be identified by the use of such words as estimate, anticipate, expect, believe, intend, may, will, should, seek, approximate or plan or the negative of these words and other similar words and phrases. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements, including risks related to the COVID-19 pandemic and its effect on the economy; the realization and the opportunities from the IMS acquisition; management of the company's growth; the loss of key resellers; the relationships with the automated clearinghouse network, bank sponsors, third-party card processing providers and merchants; the volatility of stock price; the loss of key personnel; growing competition in the electronic commerce market; the security of the company's software, hardware and information; compliance with federal -- complex federal, state and local laws and regulations; and other risks detailed in the company's filings with the SEC.