- Third quarter revenue grew 59% over the second quarter of 2012.
- Gross profit for the third quarter grew 89% to $1,061,529 as compared to $561,609 in the second quarter of 2012.
- Cash and cash equivalents grew to $3,036,458 at September 30, 2012 from $1,896,487 at June 30, 2012.
- Total current assets grew to $3,618,140 at September 30, 2012 from $2,217,202 at June 30, 2012.
- The third quarter's electronic check processing volumes were the highest in the history of the Company. The third quarter's electronic check transaction volumes were up 224% and returned check transactions were up 25% as compared to second quarter of 2012. Prepaid card issuance for the third quarter of 2012 was the highest in the history of the Company and represented a gain of 177% over the second quarter of 2012.
- Credit card processing volumes for the third quarter were down 2% as compared to the second quarter of 2012, but were still the second highest in the history of the Company.
PYDS Reports Record Earnings For Third Quarter Of 2012
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