CCRD Earnings Prediction
The chart below shows how CCRD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CCRD sees a -1.31% change in stock price 10 days leading up to the earnings, and a +5.10% change 10 days following the report. On the earnings day itself, the stock moves by -1.54%. This data can give you a slight idea of what to expect for the next quarter's release.
CCRD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
15.70M
17.20%
13.81%
Gross Margin
42.69%
38.83%
25.12%
Operating Margin
17.74%
475.97%
112.97%
Net Margin
13.98%
942.17%
115.41%
EPS
0.27
1000.00%
145.45%
No Data Available
CCRD Earnings Analysis
CoreCard Corporation Corporation (CCRD.N) Earnings Conference Call
Positive
Q3 Revenue Increase: Total revenue for Q3 2024 was $15.7 million, a 17% increase year-over-year, driven by higher license, professional services, and processing revenues.
Operational Efficiency Improvement: Income from operations was $2.8 million for Q3 2024, compared to $0.4 million for the same time last year, reflecting improved operational efficiency.
Earnings Per Share Improvement: Earnings per diluted share for the quarter was $0.27, a significant improvement from a loss per share of $0.03 in Q3 2023.
EBITDA Growth Analysis: Adjusted EBITDA for Q3 2024 was $3.9 million, up from $1.9 million in Q3 2023, indicating strong operational performance.
Strong Cash Position: The company has over $28 million in cash and marketable securities, positioning it well for future investments and share repurchases.
Negative
Auditor Transition Impact: 1. Auditor Change: The company's auditor decided not to stand for reappointment, which may lead to increased costs and uncertainty in future audits.
Stagnant Revenue Outlook: 2. Flat Revenue Guidance: For the full year 2024, total revenue is expected to be approximately flat, indicating stagnation in growth despite previous expectations of higher growth.
License Revenue Concerns: 3. License Revenue Uncertainty: The company is not counting on license revenue for 2025 due to the timing of the deconversion of the GM program, which could negatively impact future earnings.
Client Revenue Loss: 4. Loss of Major Client: The anticipated transition of the GM program to Barclays Bank is expected to minimize future license fees, indicating a potential loss of revenue from a significant client.
Earnings Decline Forecast: 5. Potential Decline in Earnings: The company expects decreasing earnings in the next few years as revenue drops straight to the bottom line, which could negatively affect profitability.
CCRD FAQs
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CCRD Earning Call Sentiment
CoreCard Corporation (CCRD) Q3 2024 Earnings Call Transcript
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CCRD.N
0%Positive
The earnings call presents mixed signals. Strong financial performance with increased revenue and EPS is positive, but risks like auditor reappointment, concentration with Goldman Sachs, and platform development challenges are concerning. Unclear management responses in the Q&A add uncertainty. Share repurchases are a positive, but overall, the sentiment is neutral given the balance of positive financials against significant risks.
