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Jun 30, 2022
CoreCard Q2 2022 Earnings Report
CoreCard's performance remained strong, with a significant top-line growth driven by professional services and processing and maintenance revenue.
Key Takeaways
CoreCard Corporation reported a total revenue of $15.2 million for Q2 2022, in line with expectations. The company achieved a new license tier resulting in $1.8 million of license revenue. Due to solid performance during the first half of 2022, the company is confident in top-line growth expectations of at least 30% for fiscal 2022.
Total revenue reached $15.2 million, aligning with expectations.
Professional services revenue grew by 25%.
Processing and maintenance revenue increased by 8%.
A new license tier was achieved, generating $1.8 million in license revenue.
CoreCard
CoreCard
Forward Guidance
CoreCard is confident in top-line growth expectations of at least 30% for fiscal 2022.
Positive Outlook
- Significant top-line growth driven by professional services.
- Growth in processing and maintenance revenue.
- Achievement of a new license tier.
- Continued investment in platform and processing capabilities.
- Strong positioning to capture growing demand for next-generation card management platforms.