The following is a summary of the CoreCard Corporation (CCRD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• CoreCard reported a Q3 2024 revenue of $15.7 million, representing a 17% increase year-over-year.

• The company's operating income for Q3 2024 was $2.8 million, compared to $0.4 million the previous year, with the operating margin increasing to 18%.

• Earnings per diluted share were reported at $0.27, improving from a loss per share of $0.03 in Q3 2023.

• Adjusted EBITDA for Q3 2024 was $3.9 million, up from $1.9 million in Q3 2023.

Business Progress:

• CoreCard's revenue growth was driven by higher license, professional services, and processing and maintenance revenues.

• The company is investing in a new platform, Corefinity (CoreFi), aimed to be operational by the end of 2025.

• Continued implementation of multiple new customer setups is in progress.

Opportunities:

• Expected growth excluding key customer influences is projected to be between 25% and 30% for the full year, signaling expanding business lines beyond major clients.

• The company extended its agreements with Goldman Sachs, ensuring fixed revenue and increased certainty about future revenues until at least end of 2026.

Risks:

• Company is seeking a new auditor due to their current auditor's decision not to reappoint, which could influence public perception and investor confidence.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.