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Why Paysign Stock Plunged Today

TheMotleyFool

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Shares of Paysign (NASDAQ: PAYS) fell 2.12% on Monday after the prepaid card program and processing services specialist reduced its annual revenue guidance.

More specifically, Paysign now expects full-year 2019 revenue of $35 million to $37 million -- up 50% to 58% year over year but down from its previous target range of $38 million to $40 million. Paysign blamed delays in onboarding new plasma-industry programs originally planned for the first half of 2019.

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Source Fool.com

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