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Dec 31, 2022
CoreCard Q4 2022 Earnings Report
CoreCard's performance remained strong in the fourth quarter, resulting in full year top-line growth.
Key Takeaways
CoreCard Corporation reported a 21% increase in total revenue for the three-month period ended December 31, 2022, reaching $15.8 million. Net income for the quarter was $1.0 million, with earnings per diluted share at $0.12 and adjusted earnings per diluted share at $0.24.
Total revenue increased by 21% compared to the same period in 2021, reaching $15.8 million.
License revenue for the quarter was $1.8 million.
Income from operations remained consistent at $3.0 million compared to the fourth quarter of 2021.
Adjusted earnings per diluted share was $0.24 for the fourth quarter.
CoreCard
CoreCard
Forward Guidance
CoreCard expects full year 2023 services revenue growth of around 10% and total license revenue in the range of $3 million to $7 million.