Paysign Inc (PAYS)

[ebrie014]

Great Results!

Definitively a good little turn around story going on here.

I am especially happy that the revenue growth is mainly due to plasma center growth and that the Company has maintained its focus on its primary revenue segment. The revenue will continue to trend higher with stable growth in plasma centers and increased transactions. (yoy growth of 38.3% on the top line)

Secondly, I am glad to see a substantial decrease in SG&A. I always felt the SG&A was a bit high and have much more confidence in the company's abilities given the more reasonable level of operating expenses with the company turning a nice profit (about a 17.1% net margin).

On a final note, as of the end of September there was only 500k left to pay on the legal settlement. This should be finished being paid by early 2017 which will add around 250k per quarter in cash flow. I can definitely see 2017 shaping up to be a great year for 3Pea.

I will get the current comp multiples and post shortly.

E