Payment Data Systems (PYDS) Reports Q4 EPS of $0.01

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Payment Data Systems Announces Fourth Quarter and Year End 2015 Results

March 24, 2016 4:20 PM EDT

SAN ANTONIO, Texas, March 24, 2016 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (NASDAQ: PYDS), an integrated payment solutions provider, today announced financial results for the fourth quarter and year ended December 31, 2015.

Fourth Quarter 2015 Financial Highlights 

Revenues were $3.7 millionGross margins were $1.4 million, or 37.8% of revenuesOperating income was $136,991Adjusted EBITDA1 was $670,625, or 18.3% of revenuesNet income was $164,842, or $0.01 per diluted share

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