Earnings Call Summary | CoreCard(CCRD.US) Q1 2024 Earnings Conference
Earnings Call Summary | CoreCard(CCRD.US) Q1 2024 Earnings Conference
The following is a summary of the CoreCard Corporation (CCRD) Q1 2024 Earnings Call Transcript:
以下是CoreCard公司（CCRD）2024年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
CoreCard reported Q1 total revenue of $13.1 million, an 11% decrease from last year due to lower professional services revenue, primarily from Goldman Sachs.
Professional services revenue stood at $5.8 million, processing and maintenance revenue at $6.2 million, and third-party revenue reached $1.1 million.
Operating income was $0.5 million with an operating margin of 4%, a decrease from 12% last year.
Earnings per diluted share decreased to $0.05 from $0.15 for Q1 2023.
Adjusted EBITDA was $1.7 million, down from $3.5 million in Q1 2023.
Cash holdings reached over $24 million as of March 31, 2024, and the company repurchased 134,650 shares for $1.6 billion.
CoreCard公布的第一季度总收入为1,310万美元，比去年下降了11％，这是由于专业服务收入减少，主要来自高盛。
专业服务收入为580万美元，处理和维护收入为620万美元，第三方收入达到110万美元。
营业收入为50万美元，营业利润率为4％，低于去年的12％。
摊薄后每股收益从2023年第一季度的0.15美元降至0.05美元。
调整后的息税折旧摊销前利润为170万美元，低于2023年第一季度的350万美元。
截至2024年3月31日，现金持有量达到2400万美元以上，该公司以16亿美元的价格回购了134,650股股票。
Business Progress:
业务进展：
Processing and maintenance revenues grew 13% in Q1 YoY, attributed to $0.5 million of revenue from a customer acquired in 2023.
The company continues to onboard new customers directly and through partnerships with program managers like Deserve, Vervent, and Cardless.
Projected revenue growth, excluding specific key customers and one-time Q1 2024 revenue acceleration, is between 10% to 15% for the full year.
CoreCard is exploring potential strategic partnerships for entering new markets and boosting revenue.
There is an active investment in a new operational platform, with plans to manage expenses relative to non-Goldman businesses.
A new CoreCard platform is being developed for Q4 2025 availability.
Despite setbacks from the Goldman Sachs partnership, business development efforts are increasing to mitigate this.
The company anticipates growth in 2025 and is engaging plenty of prospects, with a belief in their unique market position with their modern revolving card platform.
第一季度加工和维护收入同比增长13％，这要归因于2023年收购的一位客户的50万美元收入。
该公司继续直接或通过与Deserve、Vervent和Cardless等项目经理的合作来吸引新客户。
预计全年收入增长在10％至15％之间，不包括特定关键客户和2024年第一季度的一次性收入增长。
CoreCard正在探索潜在的战略合作伙伴关系，以进入新市场和增加收入。
正在积极投资新的运营平台，并计划管理与非高盛业务相关的支出。
正在开发新的CoreCard平台，以实现2025年第四季度的上市。
尽管高盛的合作伙伴关系遇到了挫折，但业务开发工作正在加大力度以缓解这种情况。
该公司预计将在2025年实现增长，并吸引了大量潜在客户，他们坚信自己的现代循环卡平台具有独特的市场地位。
More details: CoreCard IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。