NASDAQ$PAYS
Paysign Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Paysign's second-quarter financial results reflected substantial revenue growth and increased profitability.
Paysign reported a strong second quarter with a 29.8% increase in revenue and a 95.8% increase in adjusted EBITDA. Growth was driven by the plasma donor compensation business and the patient affordability business. The company is raising its full-year guidance due to this outperformance.
- Revenues grew by 29.8% year-over-year.
- Adjusted EBITDA increased by 95.8% year-over-year.
- Gross margin percentage increased by 207 basis points.
- Full-year revenue guidance was raised.
Headline financials
Revenue & EPS history
Paysign · Revenue · Quarterly
$14.3M
Forward guidance
Paysign raised its full year 2024 guidance, expecting total revenues between $56.5 million and $58.5 million, gross profit margins between 54.0% and 55.0%, operating expenses between $30.0 million and $32.0 million, interest income between $3.0 million and $3.2 million, a tax rate between 28.0% and 29.0%, and net income between $2.0 million and $3.0 million.
Tailwinds
- Total revenues are estimated to be in the range of $56.5 million to $58.5 million.
- Plasma revenues are estimated to account for approximately 78% of total revenue.
- Pharma revenue is estimated to account for approximately 20% of total revenue.
- Full-year gross profit margins are expected to be between 54.0% and 55.0%.
- Interest income of $3.0 million to $3.2 million expected.
Headwinds
- Operating expenses are expected to be between $30.0 million and $32.0 million.
- Tax rate to be between 28.0% and 29.0%.
- Fully diluted share count outstanding to be 55.8 million to 56.0 million.
- Net income to be in the range of $2.0 million to $3.0 million, or $0.04 to $0.06 per diluted share.
- Adjusted EBITDA to be in the range of $9.0 million to $10.0 million (15.0% to 17.0% of total revenues), or $0.16 to $0.18 per diluted share
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+16.3%
Avg return
Earnings day
+5.5%
Avg return
5 days after
+9.6%
Avg return
30 days after
43%
26 / 60 earnings
Positive
+900.0%
Q3 2011
Best reaction
-29.6%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -12.6% | -12.0% | — | |
| Q4 2025 | +37.3% | +52.8% | +65.0% | |
| Q3 2025 | +0.2% | -8.8% | +0.4% | |
| Q1 2025 | +3.0% | +22.9% | +81.9% | |
| Q4 2024 | -8.5% | -14.5% | -8.1% | |
| Q3 2024 | +10.9% | +8.7% | -7.9% | |
| Q2 2024 | -6.7% | -14.4% | -9.2% | |
| Q1 2024 | -0.4% | +5.4% | -7.6% | |
| Q4 2023 | +20.5% | +10.2% | +31.9% | |
| Q3 2023 | +18.1% | +21.6% | +18.1% | |
| Q2 2023 | +6.4% | +8.6% | +16.0% | |
| Q1 2023 | -1.8% | -4.5% | -20.7% | |
| Q4 2022 | +4.2% | +7.6% | +0.3% | |
| Q3 2022 | -10.4% | +8.9% | +16.5% | |
| Q2 2022 | +7.4% | +15.3% | +33.5% | |
| Q1 2022 | -26.2% | -20.2% | -2.4% | |
| Q4 2021 | -6.6% | -16.6% | -21.4% | |
| Q3 2021 | -9.0% | -14.6% | -32.8% | |
| Q2 2021 | -2.4% | +5.6% | +16.7% | |
| Q1 2021 | -11.4% | -10.8% | +0.0% | |
| Q4 2020 | +11.7% | +5.1% | +0.8% | |
| Q3 2020 | -26.8% | -20.6% | -7.7% | |
| Q2 2020 | -18.9% | -30.5% | -45.3% | |
| Q1 2020 | -5.5% | -13.0% | -0.4% | |
| Q4 2019 | +27.3% | +82.9% | +102.7% | |
| Q3 2019 | +13.2% | +17.1% | +3.9% | |
| Q2 2019 | +2.5% | +6.3% | +2.7% | |
| Q1 2019 | -11.7% | -6.7% | +18.2% | |
| Q4 2018 | -1.7% | -7.5% | -1.0% | |
| Q3 2018 | -0.5% | -1.6% | -6.3% | |
| Q2 2018 | +10.1% | +2.7% | -2.7% | |
| Q1 2018 | -0.9% | +18.8% | +23.1% | |
| Q4 2017 | +19.0% | +20.6% | +44.3% | |
| Q3 2017 | +7.9% | +19.3% | +15.8% | |
| Q2 2017 | +2.8% | +9.4% | +0.0% | |
| Q1 2017 | -8.7% | -6.5% | -6.5% | |
| Q4 2016 | +4.7% | +0.0% | +0.0% | |
| Q3 2016 | +34.9% | +73.7% | +73.7% | |
| Q2 2016 | +0.0% | -5.0% | -20.0% | |
| Q1 2016 | -23.2% | — | — | |
| Q4 2015 | -29.6% | — | — | |
| Q3 2015 | -12.0% | — | — | |
| Q2 2015 | +6.3% | — | — | |
| Q1 2015 | +4.3% | — | — | |
| Q4 2014 | +71.2% | — | — | |
| Q2 2014 | -16.7% | — | — | |
| Q1 2014 | +0.0% | — | — | |
| Q4 2013 | +23.4% | — | — | |
| Q3 2013 | -17.9% | — | — | |
| Q2 2013 | -16.6% | — | — | |
| Q4 2012 | -4.3% | — | — | |
| Q1 2013 | -4.3% | — | — | |
| Q3 2012 | +18.5% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | +900.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | +5.0% | — | — |
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