Paysign surges on strong revenue forecast

Paysign

27/03/2024 09:59

** Shares of prepaid card program provider Paysign  PAYS.O 
jump 24.9% to $4.22 premarket
    ** PAYS, after the bell on Weds, forecast FY rev of $54.5
mln to $56.7 mln, above analysts' est of $52.2 mln -LSEG data
    ** Expects FY pharma rev at least double as it continues to
add patient affordability programs
    ** Q4 rev jumped 29% to $13.7 mln, topping estimates of
$12.6 mln
    ** PAYS Q4 EPS rose to 10 cents from 1 cent last year
    ** As of last close, PAYS shares up 20.7% YTD

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