Topline Capital Management, LLC, along with its managing member Collin McBirney, announced a significant sale of shares in Paysign, Inc. (NASDAQ:PAYS) according to recent SEC filings. The company, which has shown strong revenue growth of 27.75% over the last twelve months and maintains a healthy gross profit margin of 53.37%, is currently trading below its InvestingPro Fair value. From December 27th to December 31st, the company sold a total of 479,105 shares of Paysign common stock, valued at approximately $1,525,503. Shares traded at prices ranging from $3.03 to $3.31 per share. Following these transactions, the company retains ownership of 5,611,128 shares. These transactions were conducted by Topline Capital Partners (WA:), LP, a Delaware limited partnership, with Topline Capital Management acting as investment manager and general partner. InvestingPro analysis reveals 7 additional key insights about PAYS, available in a comprehensive Pro Research Report, which helps investors make informed decisions through expert analysis of 1,400+ top stocks.
In other recent news, Paysign, Inc. reported a 23% increase in revenue to $15.3 million during its most recent earnings report, along with a 20.6% increase in adjusted EBITDA to $2.8 million. The company also announced plans to expand its program offerings and partner with a leading pharmaceutical company. Despite challenges in the plasma business and ongoing investments, Paysign projected revenues between $56.5 million and $58.5 million by the end of the year, with projected net income of $3 million to $3.5 million.
Furthermore, Paysign’s patient accessibility segment saw significant growth, with a 219% increase and 66 active programs. The company also reported a 3.4% rise in plasma donor compensation revenue to $11.4 million. Gross margins improved, reaching 55.5%.
In addition, Paysign anticipates annual revenue growth of 20% to 24% and forecasts gross profit margins of 54% to 55%. The company’s operating expenses are expected to fall between $30 million and $32 million. These recent developments reflect Paysign’s continued commitment to growth and financial stability.
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