Overview
US patient affordability platform's Q1 revenue rose 51% yr/yr, beating analyst expectations
Adjusted EPS for Q1 rose to $0.09, more than doubling from prior year
Growth driven by pharma patient affordability and plasma donor compensation programs
Outlook
Paysign sees Q2 revenue of $26.2 mln–$26.7 mln and full-year revenue of $106.5 mln–$110.5 mln
Company expects Q2 gross margin of 60.0%–62.0% and full-year gross margin of 60%–62%
Paysign expects to exit Q2 with 147–150 active patient affordability programs and 555–560 plasma centers
Result Drivers
PHARMA PROGRAM EXPANSION - Revenue growth in pharma segment driven by 45 net new patient affordability programs and higher management, setup, and processing fees
PLASMA CENTER GROWTH - Plasma revenue rose on addition of 89 net plasma centers and higher average revenue per center
MIX SHIFT TO PHARMA - Gross margin improved due to a greater mix of higher-margin pharma revenue
Company press release: ID:nBw3GFrk0a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$28.04 mln
$27.008 mln (5 Analysts)
Q1 EPS
$0.09
Q1 Net Income
$5.44 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Paysign Inc is $9.00, about 34.3% above its May 11 closing price of $6.70
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)