Usio, Inc. (NASDAQ:USIO) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET

Company Participants

Paul Manley - SVP, IR
Louis Hoch - Chairman, CEO
Greg Carter - EVP, Payment & Acceptance
Houston Frost - CPO

Conference Call Participants

Scott Buck - H.C. Wainwright

Operator

Hello and welcome to the Usio First Quarter Fiscal 2024 Earnings Conference Call. All participants will be in a listen-only-mode. [Operator Instructions] Please note today's event is being recorded.

Now I would like to turn the conference over to your host, Paul Manley. Please go ahead, sir.

Paul Manley

Thank you, operator, and thank you, everyone, for joining our call today. Welcome to Usio's first quarter fiscal 2024 conference call. The earnings release, which we issued after the market closed today, is available on our website at usio.com under the Investor Relations tab.

On this call today are Louis Hoch, our Chairman and CEO, Greg Carter, Executive Vice President of Payment and Acceptance, and Houston Frost, Chief Product Officer. Michael White, Senior Vice President and Chief Accounting Officer, will also be available for the Q&A.

Let me remind our listeners that certain statements made today during the call 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 the call today, we will refer to non-GAAP financial measures, such as adjusted EBITDA, and our earnings release includes a reconciliation of adjusted EBITDA to GAAP operating income. Management will provide prepared remarks, and then we will open the call to your questions.

Let me start off with some highlights from this afternoon's release. It's been a good start to the New Year with volumes up in almost all of our businesses and first quarter financial performance is helping us to be on track to meet our full year top and bottom line 2024 guidance. We remain in excellent financial condition with positive cash flow and over $7 million in cash at quarter end, once again aided by strong interest income.