NCR Voyix Corporation - VYX STOCK NEWS

NCR Voyix (NYSE: VYX) has announced the implementation of its AI-powered bulk scanning self-checkout solution, NCR Voyix Halo Checkout, at a Phillips 66 branded Mach 1 station since November 2024. The solution, now available for pre-order across the US, Canada, UK and EU, can simultaneously scan up to 20 products and reduce checkout time by nearly 50%.

The system integrates Everseen's Evershow technology, using cameras and AI for instant product recognition regardless of orientation. Key benefits include enhanced shopping experience through the NCR Voyix Commerce Platform, high accuracy recognition with 'Attendant-Based Learning' capability, an intuitive self-learning model, and improved operational efficiency with advanced monitoring to reduce shrinkage.

The solution is available as a table top offering or an add-on to existing self-checkout systems, allowing retailers to scale based on shopper feedback and store demographics.

NCR Voyix (NYSE: VYX) has released its 2025 Commerce Experience Report, revealing significant consumer trends in retail and dining. The survey shows that 77% of shoppers prefer self-checkout for faster service, with Gen Z (63%) and Millennials (45%) being the primary adopters.

Key findings include:

• 60% of non-self-checkout users would use it if stores allowed more than 15 items
• 42% of consumers have encountered cameras detecting unscanned items
• 54% expect grocery costs to increase in 2025
• 70% participate in grocery store loyalty programs
• 53% specifically choose gas stations based on their convenience stores
• 84% opt for -service restaurants to save money

The report also highlights that consumers desire more smart technology implementation, including self-service kiosks (39%), table-top ordering (37%), and digital payments (32%). Rising inflation has impacted consumer behavior, with 56% modifying their tipping habits and 55% reducing delivery orders.

NCR Voyix (NYSE: VYX) maintains its position as the world's largest point of sale (POS) software supplier for the eighth consecutive year, according to the Global POS Software 2024 study by RBR Data Services. The company leads in both the Grocery+ segment (grocery, convenience, and drug stores) and remains a frontrunner in the Hospitality+ segment (restaurants and hotels).

The comprehensive study analyzed over 2,600 POS projects worldwide, covering more than 140 industry suppliers and nearly 9.5 million POS setups across 48 countries and six global regions. The research focused on businesses with 1,000+ POS lanes in grocery, general merchandise, and hospitality industries.

NCR Voyix (NYSE: VYX), a leading digital commerce solutions provider, has announced CEO David Wilkinson's participation in three upcoming investor conferences. The schedule includes:

RBC Capital Markets Global Technology Conference in New York on November 20, 2024, with a presentation at 2:40pm ET; Stephens Annual Investment Conference in Nashville on November 21, 2024, presenting at 10:00am ET; and the Furey Research Hidden Gems Conference, a virtual event on November 26, 2024.

All presentations will include company presentations and investor meetings, with live webcasts and replays available on the NCR Voyix investor relations website.

NCR Voyix (NYSE: VYX) reported Q3 2024 financial results with GAAP Revenue of $711 million, down from $809 million year-over-year. The company completed the sale of its Digital Banking business to Veritas Capital for $2.45 billion in cash, using proceeds to reduce debt by $1.84 billion. Net loss from continuing operations was $31 million, improving from $266 million loss in prior year. Software & Services Revenue decreased to $517 million from $540 million. The company maintained its full-year 2024 guidance with total revenue projected at $2,805M-$2,860M and Adjusted EBITDA at $355M-$375M.

NCR Voyix has appointed Darren Wilson as President, International, reporting to CEO David Wilkinson. This strategic appointment aims to drive global expansion and strengthen senior leadership, focusing on sales effectiveness, product delivery, and customer satisfaction. Wilson brings extensive experience from previous roles at EVO Payments, Worldpay UK, Global Payments, and HSBC Banking Group. The appointment will enable enhanced attention to both international markets and the company's largest market, the Americas.

NCR Voyix (NYSE: VYX) has announced it will release its third quarter 2024 financial results before market opening on November 7, 2024. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results. Interested parties can join via toll-free number (888) 645-4404 or toll number +1 (862) 298-0702. A live webcast and presentation materials will be available on the investor relations website, with a replay accessible after the event.

Veritas Capital has completed the acquisition of NCR Voyix 's Digital Banking business for $2.45 billion, with potential additional contingent consideration of up to $100 million. The acquired business has been rebranded as Candescent and is now a privately held company. Candescent remains the largest independent platform of its kind in the United States, serving over 1,300 financial institutions and 29 million registered users.

As a standalone company under Veritas ownership, Candescent will focus on delivering exceptional customer experiences and developing new products to expand its value proposition. The transaction, originally announced on August 6, 2024, positions Candescent to leverage its modern platforms and continue its growth in the digital banking sector.

NCR Voyix (NYSE: VYX) has announced a significant reduction of $1.84 billion in its outstanding debt and other obligations, utilizing proceeds from the sale of its Digital Banking segment. The company has fully repaid its $192.5 million term loan facility and $200 million revolving credit facility. Additionally, NCR Voyix has conducted a tender offer for senior notes, repurchasing $1.195 billion of notes for $1.206 billion. The company has also terminated its $251.5 million trade receivables facility.

CFO Brian Webb-Walsh stated that this move has strengthened the company's balance sheet, reduced annual interest expenses, and improved its financial position. The anticipated interest expense on remaining bonds is expected to be approximately $55 million annually.