Paysign, Inc. (NASDAQ:PAYS)

3Pea International (OTCCB:TPNL) ($1.40; $60.4M market cap), a vertically integrated provider of innovative prepaid card programs and corporate processing services, announced Q1 2018 results:

• Sales of $4.6 million vs $3.2 million in the prior year

• EPS of $0.01 vs $0.01 in the prior year

Quotes from management:

“The increase in revenue in the first quarter was primarily a result of growth in our cardholder base throughout our prepaid programs,” said Brian Polan, Chief Financial Officer, 3PEA International. “We experienced a significant improvement in gross margins as a result of reductions in cost and the addition of higher margin programs. We expect our revenue to continue to grow at comparable rates as we bring higher margin card products to market.”

We first added TPNL to the Micro-Cap Run to One Portfolio on July 12, 2017 when the stock was trading at $0.49.

TPNL ($0.51)reported Q2 2017 results:

• Sales of $3.42 million vs $2.38 million in the prior year

• EPS of $0.01 vs $0.01

Quotes from management:

“We are pleased with our second quarter results, as we enter an exciting period of accelerated growth,” said Mark Newcomer, Chief Executive Officer, 3PEA International. “In the first half of 2017 we made the investments necessary to ensure the successful launch of many card programs for new and existing clients. Our pipeline remains strong as we continue to implement new card programs and develop new products and services for our existing cardholders and clients.”

“The increase in revenue in the second quarter and six month period was primarily a result of growth in our cardholder base throughout our card programs,” said Brian Polan, Chief Financial Officer, 3PEA International. “We expect our revenue growth to accelerate for the remainder of 2017, as we expect to launch more than sixty new card programs during the second half of 2017, reflecting an increase in card programs of more than sixty five percent, year over year.”