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Corecard Crp - CCRD STOCK NEWS

Welcome to our dedicated page for Corecard Crp news (Ticker: CCRD), a resource for investors and traders seeking the latest updates and insights on Corecard Crp stock.

Overview

CoreCard Corp provides an advanced suite of card management software and processing services, meticulously designed for the financial technology sector. With a focus on card management systems and financial technology, the company addresses the intricate needs of issuers, acquirers, program managers, and financial institutions worldwide. Its versatile platform supports a wide range of card products including prepaid/stored value, fleet, credit, debit, commercial, government, healthcare, and private label cards.

Integrated Software Solutions

The company’s offerings extend beyond simple card management. Its comprehensive software platform comprises multiple modules that facilitate everything from account setup to transaction management and risk control. Key modules, such as an engine for processing core transactions, solutions for fraud detection, and tools for account collection and loan transactions, illustrate the breadth and depth of its product suite. This modular approach allows clients to adopt and integrate different components based on their specific operational needs, thereby maximizing efficiency and scalability.

Processing and Licensing Services

CoreCard Corp operates under a dual business model that combines both licensing and processing services. On one hand, the company licenses its state‐of‐the‐art software solutions to a diverse clientele including financial institutions and program managers. On the other hand, it offers boutique processing services, enabling some customers to outsource their operational requirements until they are prepared to transition to an in‐house system. This dual approach not only enhances operational flexibility for customers but also positions CoreCard as a dependable partner capable of navigating the diverse needs of modern financial services.

Market Position and Operation

Operating in a competitive financial services environment, CoreCard Corp has established a reputation for a highly adaptable and feature‐rich platform. Its clientele spans multiple regions including North America, the European Union, and the Middle East. The company’s solutions are designed to streamline account receivables, manage multiple card products, and support specialized programs such as buy now pay later and loyalty initiatives. This wide-ranging approach reinforces its utility in a global market where large-scale and niche operations coexist.

Key Differentiators

Several factors set CoreCard Corp apart from its competitors. Firstly, its commitment to delivering an advanced and scalable technology platform enables clients to manage complexity with ease. Secondly, the integration of diverse modules into one cohesive system offers unparalleled flexibility, allowing customers to choose between end-to-end processing services or licensing the technology for in-house management. Lastly, the company’s solid track record of serving a broad spectrum of clients—from traditional financial institutions to innovative fintech businesses—demonstrates its sustained relevance and authority in the industry.

Operational Excellence and Industry Insights

CoreCard Corp’s emphasis on a robust and integrated solution framework, coupled with its dual revenue model, underscores its expertise within the financial technology realm. The company places a premium on technological resilience and operational efficiency, positioning itself as a trusted resource for managing complex financial transactions and account receivables. Its platform is engineered to support high-volume processing, ensuring that financial entities can adapt swiftly to market changes. Furthermore, the firm’s experience in managing risk, preventing fraud, and streamlining administrative processes exemplifies its deep understanding of industry demands and interdependencies.

Conclusion

In summary, CoreCard Corp is synonymous with innovative card management and processing solutions that cater to diverse and dynamic financial markets. By offering an integrated suite of software modules alongside flexible licensing and processing options, the company provides a critical infrastructure for modern financial operations. Whether addressing the needs of large-scale financial institutions or niche market segments, CoreCard stands as a reliable and comprehensive solution provider in an increasingly complex financial ecosystem.

Rhea-AI Summary

CoreCard (NYSE: CCRD) reported its Q4 and full-year 2024 results, with Q4 revenue reaching $14.8 million, a 22% increase from Q4 2023. The company's full-year 2024 revenue was $57.4 million, up 2% from 2023.

Processing and maintenance revenue grew 11% year-over-year in Q4, with full-year growth of 7%. Q4 income from operations was $2.1 million, compared to $0.4 million in Q4 2023. Full-year income from operations reached $6.5 million, up from $5.3 million in 2023.

For Q1 2025, CoreCard expects revenue between $14.4-15.0 million and EPS of $0.15-0.19. The company reaffirmed its FY2025 guidance with expected revenue of $60-64 million, EPS of $0.88-0.94, and projected revenue growth of 30-40% excluding their largest customer.

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CoreCard (NYSE: CCRD), a leading provider of credit technology solutions and processing services for the fintech market, has announced its upcoming fourth quarter 2024 earnings release and conference call schedule. The company will release its financial results for the quarter ended December 31, 2024, before market opening on February 20, 2025.

The investor conference call is scheduled for 11:00 A.M. Eastern Time on the same day. Investors can participate via webcast or by dialing 1-877-407-0890. The company will conduct a Q&A session during the call, with participants able to submit questions in advance via email to questions@corecard.com. A transcript will be available on CoreCard's investor website after the call.

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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.

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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.

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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.

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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.

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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.

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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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CoreCard , a leading provider of credit technology solutions, schedules an investor conference call on May 2, 2024, to discuss its first-quarter earnings for the period ended March 31, 2024. Interested investors can access the webcast or dial in to participate in the Q&A session. The company will release its financial results before the market opens on May 2, 2024.
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CoreCard announces a strategic partnership with Banc of California to enhance commercial card products through cutting-edge technology. CoreCard's platform aims to set a new standard in the industry by tailoring solutions to meet clients' goals, expanding markets, and providing unparalleled value.
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FAQ

What is the current stock price of Corecard Crp (CCRD)?

The current stock price of Corecard Crp (CCRD) is $19.9 as of March 12, 2025.

What is the market cap of Corecard Crp (CCRD)?

The market cap of Corecard Crp (CCRD) is approximately 158.9M.

What core services does CoreCard Corp offer?

CoreCard Corp provides a comprehensive suite of card management software and processing services, including modules for fraud detection, account management, and transaction processing.

How does CoreCard generate its revenue?

The company generates revenue by licensing its advanced software solutions to financial institutions and program managers, as well as by offering tailored processing services.

Who are the typical clients of CoreCard Corp?

Its clients include issuers, acquirers, financial institutions, program managers, and retailers that require robust solutions for managing various card products and financial transactions.

What makes CoreCard's software solutions unique?

The solutions are modular and highly integrated, allowing clients to customize functionalities based on their needs, whether they require full processing services or prefer to license software for in-house operations.

How does CoreCard support complex financial transactions?

With a feature-rich platform, CoreCard offers integrated modules for risk management, fraud prevention, and efficient processing of a diverse range of card products, ensuring smooth handling of complex transactions.

How is CoreCard positioned within the competitive fintech industry?

CoreCard differentiates itself through a flexible business model and a scalable, integrated technology platform, serving clients across multiple regions and diverse market segments.
Corecard Crp

NYSE:CCRD

CCRD Rankings

CCRD Stock Data

158.92M
5.58M
27.77%
36.41%
0.99%
Software - Application
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United States
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