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Dec 31, 2023
CoreCard Q4 2023 Earnings Report
CoreCard's Q4 2023 results reflected a decrease in revenue compared to the previous year, offset by growth in processing and maintenance revenue. Net income and earnings per share also decreased.
Key Takeaways
CoreCard Corporation reported a decrease in total revenue for Q4 2023, with $12.2 million, a 23% decrease compared to the same period in 2022. The decrease was offset by an 8% increase in processing and maintenance revenue. Net income was $0.5 million, and earnings per diluted share were $0.06.
Total revenue for Q4 2023 was $12.2 million, a 23% decrease year-over-year.
Processing and maintenance revenue increased by 8% year-over-year.
Net income for Q4 2023 was $0.5 million, compared to $1.0 million in the same period last year.
Earnings per diluted share for Q4 2023 was $0.06, compared to $0.12 in the prior year quarter.