CoreCard Second Quarter 2024 Earnings: Beats Expectations

CoreCard (NYSE:CCRD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$13.8m (down 12% from 2Q 2023).
• Net income: US$896.0k (down 52% from 2Q 2023).
• Profit margin: 6.5% (down from 12% in 2Q 2023).
• EPS: US$0.11 (down from US$0.22 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CoreCard Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 120%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for CoreCard that you should be aware of before investing here.

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