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Jun 30, 2024
CoreCard Q2 2024 Earnings Report
Reported second quarter results, with revenue in line with expectations and continued onboarding of new customers.
Key Takeaways
CoreCard Corporation reported total revenues of $13.8 million for the second quarter of 2024, compared to $15.7 million in the comparable period in 2023. Net income for the quarter was $0.9 million, or $0.11 per diluted share, compared to $1.9 million, or $0.22 per diluted share, in the prior year quarter. Adjusted earnings per diluted share was $0.15 compared to $0.23 in the prior year quarter.
Total revenues were $13.8 million, compared to $15.7 million in the comparable period in 2023.
Income from operations was $1.1 million, compared to $2.7 million in the comparable prior year quarter.
Net income was $0.9 million, compared to $1.9 million in the comparable prior year quarter.
Earnings per diluted share was $0.11, compared to $0.22 in the comparable prior year quarter.
CoreCard
CoreCard
CoreCard Revenue by Segment
Revenue by Segment
Professional Services Revenue
CapyFin.comProcessing & Maintenance Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income