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Paysign, Inc. provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card. The company markets its prepaid card solutions under the Paysign brand. Its primary market focus is on companies and municipalities that require a streamlined payment solution for rewards, rebates, payment assistance, and other payments to their customers, employees, agents, and others. The company was formerly known as 3PEA International, Inc. and changed its name to Paysign, Inc. in April 2019. Paysign, Inc. was incorporated in 1995 and is headquartered in Henderson, Nevada.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1.14M | -2.71M | -8.25M | 6.54M | 2.58M |
| Minority interest | - | - | 0.00M | -0.26M | -0.21M |
| Net income | 1.03M | -2.72M | -9.14M | 7.45M | 2.59M |
| Selling general administrative | 17.70M | 14.95M | 15.09M | 11.66M | 7.84M |
| Gross profit | 20.95M | 14.71M | 9.30M | 19.24M | 11.40M |
| Reconciled depreciation | 2.91M | 2.50M | 2.54M | 1.48M | 1.09M |
| Ebit | 0.34M | -2.74M | -7.91M | 6.10M | 2.47M |
| Ebitda | 3.25M | -0.24M | -5.36M | 7.58M | 3.56M |
| Depreciation and amortization | 2.91M | 2.50M | 2.55M | 1.48M | 1.09M |
| Non operating income net other | 0.79M | - | 0.09M | 0.44M | -0.03M |
| Operating income | 0.34M | -2.74M | -7.91M | 6.10M | 2.47M |
| Other operating expenses | 37.69M | 32.20M | 32.03M | 28.56M | 20.95M |
| Interest expense | 0.79M | 0.03M | 0.76M | 0.44M | 0.00M |
| Tax provision | 0.11M | 0.01M | 0.89M | -0.91M | 0.00M |
| Interest income | 0.79M | 0.03M | 0.09M | 0.44M | 0.14M |
| Net interest income | 0.79M | 0.03M | 0.09M | 0.44M | 0.14M |
| Non recurring | - | - | 0.38M | - | - |
| Income tax expense | 0.11M | 0.01M | 0.89M | -0.91M | 0.11M |
| Total revenue | 38.03M | 29.46M | 24.12M | 34.67M | 23.42M |
| Total operating expenses | 20.61M | 17.45M | 17.22M | 13.14M | 8.92M |
| Cost of revenue | 17.08M | 14.75M | 14.82M | 15.43M | 12.03M |
| Total other income expense net | 0.79M | 0.03M | -0.33M | 0.44M | -0.03M |
| Net income from continuing ops | 1.03M | -2.72M | -9.14M | 7.45M | 2.58M |
| Net income applicable to common shares | 1.03M | -2.72M | -9.14M | 7.45M | 2.59M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 147.57M | 108.24M | 84.05M | 67.83M | 53.55M |
| Intangible assets | 8.81M | 5.66M | 4.09M | 3.70M | 3.82M |
| Other current assets | 2.02M | 1.70M | 1.24M | 1.38M | 1.41M |
| Total liab | 123.09M | 91.95M | 71.06M | 54.60M | 34.25M |
| Total stockholder equity | 24.49M | 16.29M | 12.99M | 13.24M | 19.56M |
| Other current liab | 92.28M | 8.09M | 5.77M | 2.16M | 1.52M |
| Common stock | 0.05M | 0.05M | 0.05M | 0.05M | 0.05M |
| Capital stock | 0.05M | 0.05M | 0.05M | 0.05M | 0.05M |
| Retained earnings | 3.71M | -2.75M | -3.77M | -1.05M | 8.09M |
| Other assets | - | - | - | 4.32M | 0.92M |
| Cash | 109.35M | 9.71M | 7.39M | 7.83M | 9.66M |
| Total current liabilities | 119.18M | 88.64M | 67.39M | 50.58M | 34.25M |
| Current deferred revenue | 92.28M | 80.19M | 61.28M | 48.10M | 32.72M |
| Net debt | -106.04M | -6.04M | -3.37M | -3.50M | -9.66M |
| Short term debt | 0.38M | 0.36M | 0.34M | 0.32M | - |
| Short long term debt total | 3.31M | 3.67M | 4.01M | 4.33M | - |
| Other stockholder equity | 20.72M | 18.99M | 16.71M | 14.24M | 11.43M |
| Property plant equipment | - | 1.26M | 5.64M | 6.17M | 0.94M |
| Total current assets | 129.18M | 97.72M | 74.33M | 57.96M | 47.88M |
| Net tangible assets | - | 10.64M | 8.90M | 9.54M | 15.75M |
| Net receivables | 17.81M | 6.12M | 4.41M | 0.65M | 0.89M |
| Inventory | - | 80.19M | 61.28M | 48.10M | 35.91M |
| Accounts payable | 26.52M | 8.09M | 5.77M | 2.16M | 1.52M |
| Noncontrolling interest in consolidated entity | - | - | - | - | -0.26M |
| Accumulated other comprehensive income | 0.00M | - | - | - | -1.51M |
| Common stock total equity | - | 0.05M | - | 0.05M | 0.05M |
| Retained earnings total equity | - | -2.75M | - | -1.05M | 8.09M |
| Treasury stock | - | -0.15M | - | -0.15M | -0.15M |
| Non currrent assets other | 4.30M | 3.61M | - | 4.32M | 5.67M |
| Deferred long term asset charges | - | - | - | - | 0.92M |
| Non current assets total | 18.39M | 10.53M | 9.72M | 9.87M | 5.67M |
| Capital lease obligations | 3.31M | 3.67M | 4.01M | 4.33M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -4.09M | -2.68M | -3.34M | -3.24M | -1.59M |
| Change to liabilities | 2.32M | 16.79M | 0.74M | 0.20M | 11.73M |
| Total cashflows from investing activities | -4.09M | -2.68M | -3.34M | -3.24M | -1.59M |
| Total cash from financing activities | 0.00M | 0.19M | -0.07M | 0.43M | 0.10M |
| Change to operating activities | -1.22M | -1.06M | 15.08M | 6.52M | 10.95M |
| Net income | 1.03M | -2.72M | -9.14M | 7.45M | 2.59M |
| Change in cash | 21.23M | 12.74M | 10.36M | 13.91M | 14.50M |
| Begin period cash flow | 68.67M | 55.93M | 45.57M | 31.67M | 17.16M |
| End period cash flow | 89.90M | 68.67M | 55.93M | 45.57M | 31.67M |
| Total cash from operating activities | 25.32M | 15.23M | 13.78M | 16.71M | 16.00M |
| Depreciation | 2.91M | 2.50M | 2.54M | 1.48M | 1.09M |
| Other cashflows from investing activities | -3.99M | - | -1.96M | -2.77M | -1.34M |
| Change to inventory | - | -3.60M | -0.74M | -0.20M | -0.60M |
| Change to account receivables | -1.29M | -2.88M | 0.24M | -0.55M | -0.17M |
| Sale purchase of stock | - | 0.00M | -0.25M | 0.43M | 0.10M |
| Other cashflows from financing activities | -4.09M | 0.19M | -0.00M | 0.43M | 0.10M |
| Change to netincome | 2.66M | 2.61M | 4.31M | 1.62M | 1.37M |
| Capital expenditures | 4.09M | 2.68M | 3.34M | 3.24M | 1.59M |
| Change receivables | -1.71M | - | 0.24M | -0.55M | -0.17M |
| Cash flows other operating | 19.14M | - | 15.50M | 6.52M | -0.60M |
| Cash and cash equivalents changes | 21.23M | - | 10.36M | 13.91M | 14.50M |
| Change in working capital | 18.72M | 12.84M | 16.06M | 6.16M | 10.96M |
| Stock based compensation | 2.28M | 2.28M | 2.97M | 2.53M | 1.37M |
| Other non cash items | 0.38M | 0.33M | 0.43M | -0.00M | -0.01M |
| Free cash flow | 21.23M | 12.55M | 10.43M | 13.48M | 14.40M |
Sector: Technology Industry: Software - Infrastructure
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PAYS Paysign Inc |
0.37 2.58% |
14.69 | 36.15 | 87.72 | 4.89 | 9.45 | 4.61 | 56.43 |
| MSFT Microsoft Corporation |
-5.32 0.99% |
530.61 | 37.32 | 29.94 | 13.03 | 12.45 | 13.06 | 24.59 |
| ORCL Oracle Corporation |
0.87 0.76% |
116.03 | 21.96 | 17.89 | 5.91 | 7.08 | 7.82 | 14.89 |
| CRWD Crowdstrike Holdings Inc |
-0.30 0.14% |
216.90 | 4849.80 | 188.68 | 46.01 | 47.24 | 43.89 | 559.34 |
| FTNT Fortinet Inc |
-3.67 3.00% |
118.84 | 60.27 | 43.86 | 16.80 | 80.50 | 16.11 | 43.33 |
Paysign, Inc. provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card. The company markets its prepaid card solutions under the Paysign brand. Its primary market focus is on companies and municipalities that require a streamlined payment solution for rewards, rebates, payment assistance, and other payments to their customers, employees, agents, and others. The company was formerly known as 3PEA International, Inc. and changed its name to Paysign, Inc. in April 2019. Paysign, Inc. was incorporated in 1995 and is headquartered in Henderson, Nevada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Mark R. Newcomer | Co-Founder, Chairman & CEO | 1965 |
| Mr. Jeffery B. Baker | CFO & Treasurer | 1971 |
| Mr. Robert P. Strobo Esq. | Gen. Counsel, Chief Legal Officer & Corp. Sec. | 1979 |
| Ms. Joan M. Herman | Exec. VP of Operations & Exec. Director | 1956 |
| Mr. Matthew Lanford | COO, Pres & Director | 1967 |
| Mr. Brad Cunningham | Chief Technology Officer | NA |
| Mr. James McCroy | Exec. VP of Strategic Devel./IR | NA |
| Mr. Eric Trudeau | Chief Compliance Officer | NA |
| Mr. Dennis M. DiVenuta J.D. | Exec. VP of Strategy & Corp. Devel. | NA |
| Alicia Ches | Director of Marketing | NA |
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