Usio, Inc. Reports 2024 Financials: Revenue $26.3M, Net Income $3.3M
Ticker: USIO · Form: 10-K · Filed: Mar 26, 2025 · CIK: 1088034
| Field | Detail |
|---|---|
| Company | Usio, Inc. (USIO) |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, 10-K
TL;DR
Usio Inc. 2024 10-K: $26.3M revenue, $3.3M profit. Solid year.
AI Summary
Usio, Inc. filed its 10-K for the fiscal year ending December 31, 2024, reporting total assets of $29,902,415 and total liabilities of $26,609,651. The company's revenue for the year was $26,332,523, with a net income of $3,292,764. Louis Hoch serves as the Chairman of the Board, President, Chief Executive Officer, and Chief Operating Officer.
Why It Matters
This filing provides a comprehensive overview of Usio, Inc.'s financial performance and position for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — The company's financial statements show a significant portion of assets are current, but liabilities are also substantial, indicating potential liquidity risks.
Key Numbers
- $29.9B — Total Assets (As of December 31, 2024, indicating the company's total resources.)
- $26.6B — Total Liabilities (As of December 31, 2024, representing the company's total obligations.)
- $26.3B — Revenue (For the fiscal year 2024, showing the company's top-line performance.)
- $3.3B — Net Income (For the fiscal year 2024, reflecting the company's profitability.)
- 10,000,000 — Common Stock Authorized (Indicates the maximum number of common shares the company is permitted to issue.)
Key Players & Entities
- Usio, Inc. (company) — Filer of the 10-K
- Louis Hoch (person) — Chairman of the Board, President, Chief Executive Officer and Chief Operating Officer
- $29,902,415 (dollar_amount) — Total assets as of December 31, 2024
- $26,609,651 (dollar_amount) — Total liabilities as of December 31, 2024
- $26,332,523 (dollar_amount) — Total revenue for the fiscal year 2024
- $3,292,764 (dollar_amount) — Net income for the fiscal year 2024
FAQ
What was Usio, Inc.'s net income for the fiscal year ended December 31, 2024?
Usio, Inc. reported a net income of $3,292,764 for the fiscal year ended December 31, 2024.
What were Usio, Inc.'s total revenues for the fiscal year ended December 31, 2024?
Usio, Inc.'s total revenues for the fiscal year ended December 31, 2024, were $26,332,523.
What was the total amount of Usio, Inc.'s assets as of December 31, 2024?
As of December 31, 2024, Usio, Inc.'s total assets amounted to $29,902,415.
Who holds the position of Chairman of the Board, President, Chief Executive Officer, and Chief Operating Officer at Usio, Inc.?
Louis Hoch holds the positions of Chairman of the Board, President, Chief Executive Officer, and Chief Operating Officer at Usio, Inc.
What is Usio, Inc.'s state of incorporation?
Usio, Inc. is incorporated in Nevada (NV).
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 by Louis Hoch regarding Usio, Inc. (USIO).