Loading...
•
Dec 31, 2023
Xbp Europe Holdings Q4 2023 Earnings Report
XBP Europe Holdings reported full year results, revealing a decrease in revenue and a net loss, but highlighted growth in the technology segment and significant contract wins.
Key Takeaways
XBP Europe Holdings reported a full year 2023 revenue of $166.6 million, a 7.7% decrease year-over-year. The company experienced a net loss of $11.0 million, which included restructuring charges and transaction fees. However, the Technology segment grew year-over-year, representing 27% of total revenue. The company also secured a ~$48 million TCV contract and ~$58 million of ACV.
Full year 2023 revenue decreased by 7.7% to $166.6 million.
Net loss for the year was $11.0 million, including restructuring charges and transaction fees.
Technology segment revenue increased, contributing 27% of total revenue.
Company won a ~$48 million TCV contract and ~$58 million of ACV.
Forward Guidance
XBP Europe Holdings is focusing on growth in 2024 by investing in sales of its existing solution suite and expanding into new solutions like Reaktr.ai and XBM Omnidirect. The company plans to expand the use of cloud for agility and will keep employees and investors informed of its progress.
Positive Outlook
- Focusing on growth by investing in sales of existing solutions.
- Expanding into new solutions, most notably Reaktr.ai and XBM Omnidirect.
- Expanding the use of cloud for agility.
- Aiming to improve market wide liquidity by expediting payments
- Encouraging sustainable business practices
Challenges Ahead
- Potential inability to achieve or maintain profitability and generate cash
- Impact of the COVID-19 pandemic on business and financial conditions
- Volatility in the markets caused by geopolitical and economic factors
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...