NYSE$CCRD

CoreCard Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

CoreCard's performance remained strong, with a significant top-line growth driven by professional services and processing and maintenance revenue.

CoreCard Corporation reported a total revenue of $15.2 million for Q2 2022, in line with expectations. The company achieved a new license tier resulting in $1.8 million of license revenue. Due to solid performance during the first half of 2022, the company is confident in top-line growth expectations of at least 30% for fiscal 2022.

  • Total revenue reached $15.2 million, aligning with expectations.
  • Professional services revenue grew by 25%.
  • Processing and maintenance revenue increased by 8%.
  • A new license tier was achieved, generating $1.8 million in license revenue.

Headline financials

Total Revenue

$15.2M

Previous: $13.4M+13.9%
EPS (adj)

$0.33

Previous: $0.32+3.1%
Capital Expenditures

-$5.76M

Previous: -$2.61M-120.5%
Free Cash Flow

-$4.4M

Previous: -$2.21M-99.5%
Net Income

$2.86M

Previous: $2.81M+1.8%
Operating Income

$3.47M

Previous: $3.86M-10.2%
Gross Profit

$7.27M

Previous: $7.8M-6.8%
Cash & Equivalents

$21.5M

Previous: $26.2M-17.9%
Total Assets

$64.3M

Previous: $52.6M+22.2%
Stock-Based Comp

$2.32M

Previous: $198K+1073.2%

Revenue & EPS history

CoreCard · Revenue · Quarterly

$15.2M

Q2 2022+13.9%vs Q2 2021
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

Forward guidance

CoreCard is confident in top-line growth expectations of at least 30% for fiscal 2022.

Tailwinds

  • Significant top-line growth driven by professional services.
  • Growth in processing and maintenance revenue.
  • Achievement of a new license tier.
  • Continued investment in platform and processing capabilities.
  • Strong positioning to capture growing demand for next-generation card management platforms.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+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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