Welcome to our dedicated page for CoreCard Corporation news (Ticker: CCRD), a resource for investors and traders seeking the latest updates and insights on CoreCard Corporation stock.
CoreCard Corporation (NYSE: CCRD) is a pioneering provider of comprehensive card management systems and specialized processing services, tailored to meet the dynamic needs of the global financial services industry. Headquartered in Norcross, Georgia, CoreCard offers an extensive array of account management solutions, supporting a wide range of card products including prepaid, stored-value, fleet, credit, debit, commercial, government, healthcare, and private-label cards.
CoreCard's robust software suite encompasses a variety of modules such as CoreENGINE, CoreISSUE, CoreFRAUD, CoreCOLLECT, CoreAPP, CoreMONEY, and CoreACQUIRE. These solutions cater to program managers, accounts receivable businesses, financial institutions, retailers, and processors, enabling them to manage credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and loan transactions efficiently.
The company licenses its software solutions to both issuers and acquirers, offering them the flexibility to either integrate the technology in-house or utilize CoreCard for processing services until they are ready. CoreCard’s modular, feature-rich platform ensures seamless real-time transaction processing and account management, making it a trusted partner for some of the world's largest companies and financial institutions.
Recently, CoreCard announced a strategic partnership with Banc of California, aiming to enhance the bank's commercial card products with CoreCard’s state-of-the-art technology platform. This collaboration underscores CoreCard's commitment to delivering innovative solutions that empower financial institutions to meet evolving business demands and achieve unparalleled value.
Despite a year-over-year decrease in total revenue for the fiscal year 2023, CoreCard achieved a 10% increase in processing and maintenance revenue, showcasing resilience and adaptability in a challenging economic environment. The company continues to focus on technological innovation and sustainable growth, ensuring long-term value for its stakeholders.
CoreCard’s customers span across the United States, European Union, and the Middle East, with a substantial portion of its revenue derived from the U.S. market. The company's unwavering dedication to advancing the future of global transactions through reliable, real-time processing platforms has solidified its position as a leader in the fintech industry.
CoreCard (NYSE: CCRD) reported strong Q3 2024 financial results with total revenue of $15.7 million, marking a 17% increase year-over-year. The company achieved net income of $2.2 million with earnings per diluted share of $0.27. For Q4 2024, CoreCard expects revenue between $13.3-13.7 million with EPS of $0.07-0.09. The FY2025 guidance projects revenue of $60-64 million with EPS of $0.88-0.94, expecting 30-40% revenue growth excluding their largest customer.
CoreCard (NYSE: CCRD), a leading provider of credit technology solutions and processing services, has announced its plans for the third quarter 2024 earnings release and conference call. The company will hold an investor conference call on October 31, 2024, at 11:00 A.M. Eastern Time, following the release of its financial results for the quarter ended September 30, 2024, before the market opens on the same day.
Investors can participate in the conference call by accessing the webcast or dialing in. CoreCard will conduct a Q&A session during the call, with participants invited to email their questions in advance. A transcript of the call will be made available on the company's investor relations website after the event.
CoreCard (NYSE: CCRD) announced its second quarter 2024 financial results on August 1, 2024. Revenue for Q2 2024 was $13.8 million, down from $15.7 million in Q2 2023, due to declines in license and processing revenue. Income from operations dropped to $1.1 million from $2.7 million year-over-year. Net income was $0.9 million, compared to $1.9 million in the prior year quarter. Earnings per diluted share were $0.11, down from $0.22, while adjusted EPS was $0.15 versus $0.23. Adjusted EBITDA stood at $2.5 million, a decrease from $4.8 million in Q2 2023. The company attributes the lower revenue primarily to declines from Kabbage. CoreCard continues to invest in its platform and is onboarding new customers.
CoreCard [NYSE: CCRD], a leader in credit technology solutions and processing services for the fintech market, has announced its participation in three upcoming investor conferences in August 2024. The company's President & CEO, Leland Strange, and CFO, Matt White, will represent CoreCard at these events:
1. KeyBanc Technology Leadership Forum on August 6 in Vail, CO
2. Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14 (virtual)
3. Seaport Financials and FinTech Conference on August 15 (virtual)
Interested parties are encouraged to contact the hosting banks to schedule meetings with CoreCard representatives during these conferences.
CoreCard (NYSE: CCRD), a leading provider of credit technology solutions and processing services, has announced its upcoming second quarter 2024 earnings release and conference call. The company plans to issue a press release with financial results for the quarter ended June 30, 2024, before the market opens on August 1, 2024. An investor conference call is scheduled for the same day at 11:00 A.M. Eastern Time.
Investors can participate in the conference call via webcast or by dialing 1-877-407-0890. CoreCard will conduct a Q&A session during the call, and participants are invited to email their questions to questions@corecard.com prior to the event. A transcript of the call will be made available on the company's investor relations website after the call.
CoreCard reported its first quarter 2024 financial results, with total revenues of $13.1 million, reflecting a 13% growth in processing and maintenance. However, professional services revenue declined due to a major customer. The company remains optimistic about its platform and onboarding new customers.
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