Usio climbs on $4 mln share repurchase program

Usio

13/05/2022 14:57

** Shares of payment solutions provider  USIO.O  up 5.7% at
$2.10
    ** USIO to repurchase up to $4 mln of the company's common
stock  urn:newsml:reuters.com:*:nGNX9BSCbZ
    ** Says the program can begin as early as May 16 and will be
available until all funds are exhausted or May 15, 2025 unless
terminated earlier by USIO
    ** "We intend to utilize our existing cash and our ability
to generate adjusted operating cash flow to fund the repurchase
program" - CEO Louis Hoch
    ** USIO down ~52% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))