Wednesday, May 13, 2020 11:00:26 AM
Apologies - Been drinking from the firehose with work these days and have not been able to comment.
To close the loop on a few things; I did dial-in to the Conf Call - overall great Q1 with persistent growth and the scaling has been highly accretive to the bottom line.
Some highlights I took down:
- Pharma growth persists despite the pandemic (2 new programs with one officially launched and one expected to commence shortly)
- As of April Plasma volumes are down 15%; note Q2 is seasonally weaker in terms of volumes and this is slightly more than usual due to Covid-19 (While this is hindered by the recent government checks that went out and the "stay at home" policies" we must also note they added many centers compare to last year so that will help ease the blow. In addition for those who have not seen it significant donation premiums are being given to people who are found to have Covid-19 antibodies). While this is the short term effect given Covid-19, typically recessions lead to MORE donations as more people try to find ways to come up with cash. When things open up this is likely to provide a strong tailwind to Plasma.
- Premier Card has been launched in addition to exploring other programs outside of Pharma and plasma to further diversify the business.
Current stock performance appears to be a little overdone and in my opinion likely due to some small weakness expected in Q2 - could be a great opportunity to pick it up at a discount for a longer-term growth play.
Overall the analyst community was Neutral to slightly positive on the company's outlook and Q1 results - mainly slight upgrades (1 decrease in PT):
Average Price Target is 11.50$
Ladenburg Thalmann: Q1 Points to Continued Impressive Growth Through 2021; Raising PT to 12$
Canaccord: Solid Start to the year; pharma stability to offset temporary plasma softness next quarter PT 11$
DA Davidson: Great Start to Year; Trimming Forecasts on Lower Visibility (PT: 11$ from 12$)
BTIG: PAYS Delivers Modestly Positive and Largely Uneventful 1Q20 Report, Refrains from Providing 2020 Guidance driven by Pandemic Uncertainty - Neutral No Target
Maxim Group: Revenue Beats Guidance; Solid Outlook; Maintain 2021 Revenue Estimate; Potential Covid Play - Raise PT to 12$ on valuation.
Recent PAYS News
- Paysign to Host First Quarter 2024 Earnings Call • Business Wire • 04/09/2024 08:30:00 PM
- Paysign, Inc. to Sponsor the 2024 International Plasma Protein Congress April 16-17 • Business Wire • 03/14/2024 08:30:00 PM
- Paysign, Inc. Reinforces Payment Processing Acumen With New Executive Hire • Business Wire • 03/13/2024 08:30:00 PM
- Paysign, Inc. to Sponsor the 2024 Gene Therapy for Rare Disorders Conference March 26-29 • Business Wire • 03/12/2024 08:30:00 PM
- Paysign Inc. to Sponsor the 2024 ACCESS USA Conference March 19-21 • Business Wire • 03/11/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 11:22:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 11:14:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 01:07:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 12:51:22 PM
- Paysign to Host Fourth Quarter and Full Year 2023 Earnings Call • Business Wire • 02/27/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 11:01:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 10:55:56 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 05:36:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 11:50:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 11:44:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 11:57:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 11:49:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 12:50:43 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 12:26:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 12:03:20 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/24/2024 09:05:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 12:56:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 09:00:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/02/2023 09:44:16 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM