Paysign Inc (PAYS)

[ebrie014]

WOW23P I found a few small firms covering OTIV (Lake Street Capital 2.50$ PT; Northland 2.50$ PT and Taglich Brothers $1.50 PT)

Had a spare second so looked them up and did some digging.

High-Level thoughts:

- Decent turnaround story/reasonable value at this price if they can continue to execute, they are doing a good job trimming costs (SG&A has been substantially trimmed over the years).
- Revenue growth (especially recurring revenue is finally starting to grow but not at a high pace)
- Looks like the next few quarters/2019 is expected to show positive EBITDA
- Not much debt on the balance sheet, and reasonable Working capital on hand.
- The Management Team does not have much skin in the game (1% of shares quite low - was 0one of the reasons I loved TPNL...)

Anyways worth throwing a little pocket change in it IMO.

Cheers,

E.