PaySign, Inc. Provides Earnings Guidance for the Year 2021
August 10, 2021 at 04:10 pm EDT
Share
PaySign, Inc. provided earnings guidance for the year 2021. For the full year 2021, the company continues to forecast total revenue to be in the range of $29.0 million to $32.0 million, reflecting growth of 20% to 32%. The company is raising gross profit margin forecast by 150 basis points to 46.5%, which is an increase of 790 basis points over 2020.
Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Companyâs payment solutions are utilized by its corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. Public sector organizations can utilize its payment solutions to disburse public benefits or for internal payments. It markets its prepaid card solutions under its Paysign brand. It operates on a payments platform with cutting-edge fintech capabilities that can be seamlessly integrated with its clientsâ systems. This distinctive positioning allows it to provide end-to-end technologies that securely manage transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Its suite of product offerings includes solutions for corporate rewards, prepaid gift cards and others.
PAYSIGN, INC. 
