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年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
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公佈的第一季度總收入爲1,310萬美元，比去年下降了11％，這是由於專業服務收入減少，主要來自高盛。
專業服務收入爲580萬美元，處理和維護收入爲620萬美元，第三方收入達到110萬美元。
營業收入爲50萬美元，營業利潤率爲4％，低於去年的12％。
攤薄後每股收益從2023年第一季度的0.15美元降至0.05美元。
調整後的息稅折舊攤銷前利潤爲170萬美元，低於2023年第一季度的350萬美元。
截至2024年3月31日，現金持有量達到2400萬美元以上，該公司以16億美元的價格回購了134,650股股票。
Business Progress:
業務進展：
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.
第一季度加工和維護收入同比增長13％，這要歸因於2023年收購的一位客戶的50萬美元收入。
該公司繼續直接或通過與Deserve、Vervent和Cardless等項目經理的合作來吸引新客戶。
預計全年收入增長在10％至15％之間，不包括特定關鍵客戶和2024年第一季度的一次性收入增長。
CoreCard正在探索潛在的戰略合作伙伴關係，以進入新市場和增加收入。
正在積極投資新的運營平台，並計劃管理與非高盛業務相關的支出。
正在開發新的CoreCard平台，以實現2025年第四季度的上市。
儘管高盛的合作伙伴關係遇到了挫折，但業務開發工作正在加大力度以緩解這種情況。
該公司預計將在2025年實現增長，並吸引了大量潛在客戶，他們堅信自己的現代循環卡平台具有獨特的市場地位。
More details: CoreCard IR
更多詳情： CoreCard 紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。