Paysign Inc (PAYS)

[ebrie014]

Just flying out on a business trip but saw the earnings release and had to comment. What a great quarter! Revenue growth of ~60% is surpassing my expectations, not to mention a consistent increase to the bottom line with adjusted EBITDA for the last 9 months of 3.5M trending towards 5M by year end. With growth rates continuing to trend over 50% for the foreseeable future we should definitely continue to trade at a meaningful premium - investors will seek high growth companies with strong earnings and we definitely fit the bill (not to mention a chart which looks great on the technical side). The one thing that really caught my eye and that is truly meaningful (which the company casually slipped in their update) was the launch of general reloadable cards. 3peas current card base is not general reloadable and the incremental earnings that could come from this are substantial (3pea would get revenue for every transaction made and all the money reloaded to the cards). Not too mention the company has over 2 million card holders right now which it could leverage for cross selling of these new cards (very low customer acquisition costs).

Anyways, the future looks bright for 3Pea I’m sure we will continue to be very happy campers for the foreseeable future! GLTA