NYSE$CCRD

CoreCard Corporation · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

CoreCard's revenue aligned with expectations, demonstrating year-over-year growth in processing and maintenance, offset by a decrease in professional services revenue.

CoreCard reported first quarter revenue of $13.1 million, aligning with expectations. The company saw growth in processing and maintenance revenue, which was offset by lower professional services revenue. Net income was $0.4 million, with earnings per diluted share at $0.05.

  • Total revenue for the quarter was $13.1 million, compared to $14.8 million in the same period last year.
  • Income from operations was $0.5 million, down from $1.8 million in the prior year quarter.
  • Net income decreased to $0.4 million, compared to $1.3 million in the comparable prior year quarter.
  • Earnings per diluted share was $0.05, a decrease from $0.15 in the same quarter last year.

Headline financials

Total Revenue

$13.1M

Previous: $14.8M-11.4%
EPS

$0.05

Previous: $0.15-66.7%
Capital Expenditures

-$1.59M

Previous: -$1.63M+2.1%
Free Cash Flow

-$1.04M

Previous: $1.32M-178.9%
Net Income

$430K

Previous: $1.26M-65.8%
Operating Income

$527K

Previous: $1.82M-71.0%
Gross Profit

$3.58M

Previous: $4.95M-27.8%
R&D Expense

$1.51M

No prior period
Stock-Based Comp

$160K

No prior period

Revenue & EPS history

CoreCard · Revenue · Quarterly

$13.1M

Q1 2024-11.4%vs Q1 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

CoreCard · $24.2M total across 3 segments · Q1 2022

  • License Revenue
    $12.5M
  • Professional Services
    $5.9M
  • Processing & Maintenance
    $5.8M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+3.1%

Avg return

Earnings day

+5.8%

Avg return

5 days after

+18.9%

Avg return

30 days after

60%

37 / 62 earnings

Positive

+37.0%

Q2 2010

Best reaction

-29.6%

Q4 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-1.1%-4.0%-4.9%
Q1 2025+14.2%+39.3%+61.9%
Q4 2024+3.1%-8.6%-7.4%
Q3 2024+11.5%+16.1%+53.0%
Q2 2024+6.1%+1.9%+21.1%
Q1 2024+8.8%+8.1%+17.3%
Q4 2023-10.8%-12.5%-9.1%
Q3 2023-21.1%
Q2 2023-4.2%
Q1 2023-4.2%
Q4 2022-0.9%
Q3 2022+2.7%
Q2 2022-0.4%
Q1 2022+3.4%
Q4 2021+0.7%
Q3 2021+1.4%
Q2 2021+7.3%
Q1 2021-3.5%
Q4 2020-19.6%
Q3 2020-5.9%
Q2 2020+10.8%
Q1 2020+3.9%
Q4 2019+0.7%
Q3 2019-5.9%
Q2 2019+1.4%
Q1 2019+35.5%
Q4 2018+2.6%
Q3 2018+22.6%
Q2 2018+21.2%
Q1 2018+34.4%
Q4 2017-6.9%
Q3 2017-5.2%
Q2 2017+10.0%
Q1 2017-2.7%
Q4 2016-5.1%
Q3 2016+9.5%
Q2 2016-6.7%
Q1 2016-1.1%
Q4 2015+4.3%
Q3 2015+2.0%
Q2 2015+5.1%
Q1 2015+2.4%
Q4 2014+0.0%
Q3 2014+5.8%
Q2 2014-9.7%
Q1 2014+4.5%
Q4 2013-25.4%
Q3 2013-1.9%
Q2 2013+9.8%
Q1 2013-4.4%
Q4 2012+26.9%
Q3 2012+1.3%
Q2 2012+3.2%
Q1 2011+0.0%
Q1 2012+1.4%
Q4 2011-2.0%
Q3 2011+7.6%
Q3 2010+7.6%
Q2 2011+37.0%
Q2 2010+37.0%
Q4 2010-29.6%
Q1 2010+5.9%

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