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SAN ANTONIO - Usio, Inc. (NASDAQ: USIO), a prominent FinTech firm offering a suite of integrated electronic payment solutions, has announced the extension of its Share Repurchase Program. Initially set to expire on May 15, 2025, the program’s term has now been extended to May 15, 2028, with the company’s Board of Directors authorizing a total purchase limit of $4 million. The announcement comes as the company’s stock, currently trading at $1.59, has shown strong momentum with a 13% gain year-to-date and a notable 12% surge in the past week, according to InvestingPro data.
The renewal follows the near completion of Usio’s original $4 million share buyback authorization from May 2022, which included the repurchase of $1.5 million in stock in 2024. Louis Hoch, President and CEO of Usio, expressed strong confidence in the company’s intrinsic value and anticipates that the Usio ONE initiative will be a significant driver in realizing this value. The confidence appears well-founded, as InvestingPro data shows the company is profitable with earnings per share of $0.13 over the last twelve months. Hoch also noted that the share repurchase is a method to create shareholder value, citing the company’s history of positive cash flow.
The timing and volume of the repurchases will be contingent on market conditions and other factors, with the potential for transactions to occur via open market purchases, block trades, or privately negotiated transactions. Usio’s management will have discretion over the repurchases, which may also be facilitated under a Rule 10b5-1 plan, allowing for stock repurchases even when insider trading laws might otherwise restrict such activity.
As of December 31, 2024, Usio reported unrestricted cash of approximately $8.1 million and roughly 26.5 million shares of common stock outstanding as of March 24, 2025. With a current market capitalization of $41.46 million, InvestingPro analysis suggests the stock is slightly undervalued based on its Fair Value model. Shares repurchased will be cancelled and returned to the status of authorized but unissued shares. The repurchase program is subject to modification, suspension, or discontinuation at any time based on a variety of factors, including market conditions and capital needs.
Usio, headquartered in San Antonio, Texas, operates across multiple segments of the FinTech industry, providing payment processing platforms and services for merchants, billers, banks, and card issuers. The company also offers electronic bill presentment and mailing services through its Usio Output Solutions division. For investors seeking deeper insights, a comprehensive analysis of Usio’s financial health, growth prospects, and detailed valuation metrics is available in the Pro Research Report, exclusively on InvestingPro.
This news is based on a press release statement from Usio, Inc. and has not been independently verified. The forward-looking statements included in the press release are subject to risks and uncertainties, and actual results may differ from the company’s projections.
In other recent news, Usio Inc. has announced significant changes in its executive team and compensation structure, as detailed in a recent SEC filing. Greg Carter has been promoted to Executive Vice President, Chief Revenue Officer, with his new role effective March 3, 2025. Carter will receive an annual salary of $300,000 and brings extensive experience from previous senior roles in the telecommunications industry. Additionally, Louis Hoch, the Chairman, President, and CEO, will have his annual base salary adjusted to $900,000. Michael White, Senior Vice President, Chief Accounting Officer, will see his salary set at $230,000 annually. These salary adjustments for Hoch and White will also be effective from March 3, 2025. The changes were approved by the Compensation Committee of the Board of Directors and include amendments to employment agreements for both Hoch and Carter. The details were filed in an 8-K form with the SEC, reflecting these recent developments at Usio, Inc.
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