Usio (USIO) risk factors

39 risks, 1 new, 2 dropped, 11 reworded since the prior year. Macroeconomic updates added references to Iran military actions and April 2025 tariff concerns. Equity plan updated to the 2025 plan with 5250000 reserved shares. Added regulatory oversight risks from banking authorities.

40 risks. Usio faces heavy cyber security, regulatory compliance, and fraud risks inherent in its payment processing and transaction services. The company carries a significant accumulated deficit of $68.0 million despite reporting 2024 net income of $3.3 million. Key personnel concentration around CEO Louis A. Hoch and concentrated reseller and bank relationships heavily influence operational continuity.