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 Corporation (NYSE: CCRD) announced its financial results for Q4 and the full year ended December 31, 2022. The company achieved 45% top-line growth, reporting total revenues of $69.8 million for the year. License revenue was a record $16.1 million, while professional services and processing revenue increased by 18% and 34%, respectively. However, net income for Q4 fell to $1.0 million, down from $2.7 million in the prior year. The company forecasts a 10% revenue growth for 2023 services and license revenue between $3 million and $7 million, adjusting expectations following a strong 2022.
CoreCard Corporation (NYSE: CCRD) will hold an investor conference call on February 16, 2023, at 11:00 A.M. Eastern Time, to discuss its earnings for the quarter ended December 31, 2022. A press release detailing the financial results will be issued before the market opens on the same day. Investors can join the call via webcast or by dialing 1-877-407-0890. The call will include a question-and-answer session, with participants encouraged to submit questions ahead of time. A transcript will be available on the company’s investor website shortly after the call.
CoreCard Corporation (NYSE: CCRD) announced that Leland Strange, President & CEO, and Matt White, CFO, will participate in three upcoming investor conferences. These include the Citi FinTech Conference on November 14, 2022, in New York, the Stephens Annual Investment Conference on November 17, 2022, in Nashville, and the DA Davidson FinTech & Payments Spotlight Conference on December 8, 2022, also in New York. CoreCard provides innovative credit technology solutions, focusing on sustainable growth and real-time transactions within the digital payments landscape.
CoreCard Corporation (NYSE: CCRD) announced its financial results for Q3 2022, showcasing a total revenue of $14.5 million, reflecting a 12% increase from $12.9 million in Q3 2021. The company reported a remarkable 52% growth in processing and maintenance revenue and a 13% increase in professional services revenue. Furthermore, CoreCard raised its fiscal 2022 revenue growth guidance to 40%, up from the previous estimate of 30%. Despite the growth, net income fell to $1.4 million from $2.5 million in Q3 2021, leading to an earnings per diluted share decrease from $0.29 to $0.16.
CoreCard Corporation (NYSE: CCRD) will hold an investor conference call on November 2, 2022, at 11:00 A.M. Eastern Time to discuss its earnings for the quarter ended September 30, 2022. The company plans to release its financial results before market open on the same day. Investors can access the call through a webcast or by phone. CoreCard specializes in innovative credit technology solutions and aims for sustainable growth in the payments industry, leveraging its advanced card management platform.
CoreCard Corporation (NYSE: CCRD) has appointed Kathryn Petralia as an independent Director. With a strong background in fintech, Ms. Petralia co-founded Kabbage, which was acquired by American Express in 2020. She also held leadership roles at Revolution Money and CompuCredit. Leland Strange, Chairman and CEO, expressed confidence in her ability to contribute significantly to the board. CoreCard provides a card management platform serving major companies and aims for sustainable growth in the evolving payments sector.
CoreCard Corporation (NYSE: CCRD) announced participation in several upcoming investor conferences in September 2022. The company’s President & CEO, Leland Strange, and CFO, Matt White, will attend the H.C. Wainwright 24th Annual Global Investment Conference on September 13-14 in New York, followed by the UBS 1x1 FinTech Conference on September 15. Additionally, they will participate virtually in the Sidoti Small Cap Investor Conference on September 21-22. CoreCard provides innovative credit technology solutions, ensuring real-time transactions and supporting major financial institutions.
CoreCard Corporation (CCRD) reported financial results for Q2 2022, showing total revenue of $15.2 million, up from $13.4 million in Q2 2021. Growth was driven by a 25% increase in professional services and an 8% rise in processing and maintenance revenue. A new license tier contributed $1.8 million in license revenue. Despite a slight decrease in operating income to $3.5 million, net income increased to $2.9 million. The company expects at least 30% top-line growth for fiscal 2022, exceeding prior guidance of 25%-30%.
CoreCard Corporation (NYSE: CCRD) announced plans to hold an investor conference call on August 3, 2022, at 11:00 A.M. ET, coinciding with the earnings release for Q2 2022. The financial results will be available prior to market open on the same day. Investors can join via a webcast or by calling in. CoreCard, a provider of innovative credit technology solutions, is focused on sustainable growth, supporting large companies and institutions with real-time transaction capabilities on a robust card management platform.
CoreCard Corporation (CCRD), a leader in credit technology solutions, announced participation in key investor conferences. On August 4-5, 2022, the company will join Susquehanna’s Get Carded: Payments and FinTech Conference virtually. Additionally, on August 9, 2022, at 3:30 PM ET, they will present at the KeyBanc Capital Markets Technology Leadership Forum in Vail, CO, with a live webcast available on their investor relations website.
CoreCard focuses on innovative solutions for managing credit card programs, leveraging decades of expertise and a reliable platform.
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