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Dec 31, 2024
CoreCard Q4 2024 Earnings Report
CoreCard reported Q4 2024 earnings with revenue above expectations due to unexpected license revenue and services revenue in line with expectations.
Key Takeaways
CoreCard Corporation reported a 22% increase in total revenue for the three-month period ended December 31, 2024, reaching $14.8 million. Net income for the quarter was $1.9 million, and earnings per diluted share was $0.24. The company reaffirms its FY2025 revenue guidance between $60 million and $64 million and EPS between $0.88 and $0.94.
Total revenue for Q4 2024 was $14.8 million, a 22% increase compared to the same period in 2023.
Net income for Q4 2024 was $1.9 million, compared to $0.5 million in the comparable prior year quarter.
Earnings per diluted share for Q4 2024 was $0.24, compared to $0.06 in the comparable prior year quarter.
Adjusted EBITDA for Q4 2024 was $3.3 million, compared to $1.6 million in the comparable prior year quarter.
Forward Guidance
For the first quarter of 2025, CoreCard expects total revenue between $14.4 and $15.0 million and earnings per share between $0.15 and $0.19. For fiscal year 2025, the company reaffirms the guidance set forth last quarter and continues to expect total revenue between $60 million and $64 million and earnings per share between $0.88 and $0.94. They expect full-year 2025 revenue growth, excluding their largest customer, to be 30-40%.
Positive Outlook
- Expect total revenue between $14.4 and $15.0 million for Q1 2025.
- Expect earnings per share between $0.15 and $0.19 for Q1 2025.
- Reaffirm total revenue guidance between $60 million and $64 million for FY2025.
- Reaffirm earnings per share guidance between $0.88 and $0.94 for FY2025.
- Expect full-year 2025 revenue growth, excluding largest customer, to be 30-40%.
Historical Earnings Impact
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