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Sep 30, 2024
Xbp Europe Holdings Q3 2024 Earnings Report
XBP Europe Holdings reported a decrease in revenue but an increase in gross margin and operating profit for Q3 2024.
Key Takeaways
XBP Europe Holdings reported a revenue of $35.4 million, a decrease of 5.6% year-over-year. However, the company saw an increase in gross margin to 32.6% and an operating profit of $2.5 million. The net loss was $2.8 million, including $0.7 million of FX losses.
Revenue was $35.4 million, a 5.6% decrease year-over-year but a 5.5% increase sequentially.
Gross margin increased to 32.6%, an 800 bps increase year-over-year.
Operating profit was $2.5 million, an increase of $2.2 million year-over-year.
Net loss was $2.8 million, a decrease of $0.1 million year-over-year.