Usio, Inc. (NASDAQ:USIO) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET
Company Participants
Paul Manley - SVP, IR
Louis Hoch - President, CEO & COO
Houston Frost - SVP, Card Issuing
Greg Carter - EVP, Payment Acceptance
Tom Jewell - SVP, CFO
Conference Call Participants
Scott Buck - H.C. Wainwright & Co.
Jon Hickman - Ladenburg Thalmann
Michael Diana - Maxim Group
Gary Prestopino - Barrington Research
Steve Riney - Integrity Wealth Advisors
Operator
Hello, and welcome to the Usio third quarter 2023 earnings conference call. [Operator Instructions]. Please note today's event is being recorded. And now I turn the conference over to your host today, Paul Manley. Please go ahead, sir.
Paul Manley
Thank you, operator, and thank you, everyone, for joining our call today. Welcome to Usio's third 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 Card Issuing.
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 made today are as of the date of this call, and we do not undertake any obligation to update these forward-looking statements.
During today's call, we will refer to non-GAAP financial measures such as adjusted EBITDA. Our earnings release includes a reconciliation of adjusted EBITDA to GAAP operating income.
Management will provide prepared remarks, then we'll have a question-and-answer session. So let me start off with some highlights from this afternoon's release.
I'm pleased to report another quarter of strong growth with revenue up 25% our 13th consecutive quarter of revenue growth. We also are reiterating our guidance of 18% to 20% revenue growth for the year. In our release, we announced a number of exciting developments across our entire organization. This includes an investment in output solutions that should increase capacity by 50%, our largest ever quarter of prepaid card load volumes, our strongest ever card pipeline and the expectation that ACH volumes will start to grow again in the fourth quarter.