Paysign rises after third-quarter profit beat

Paysign

05/11/2024 22:50

** Shares of prepaid card provider Paysign  PAYS.O  rise
4.4% to $4 after the bell
    ** PAYS posts Q3 profit of 3 cents/shr, beating Wall Street
expectations of 1 cent/shr, according to data compiled by LSEG
    ** Q3 revenue jumps 23% to $15.3 mln, driven by strong
growth in patient affordability programs revenue
    ** Pharma patient affordability revenue soared 219% to $2.25
mln in the quarter, driven by growth and launch of new pharma
affordability programs
    ** PAYS reiterates annual forecasts for total revenue and
adjusted core earnings
    ** As of last close, PAYS shares up 36.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))