NYSE$CCRD
CoreCard Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter results, with processing and maintenance revenue increasing by 10% year-over-year.
CoreCard Corporation reported total revenues of $13.4 million for the third quarter, which was in line with expectations. The growth in processing and maintenance revenue was offset by lower professional services revenue. The company experienced a net loss of $0.2 million, with a loss per diluted share of $0.03.
- Total revenues reached $13.4 million.
- Processing and maintenance revenue increased by 10% year-over-year.
- Income from operations was $0.4 million.
- Net loss was $0.2 million, with a loss per diluted share of $0.03.
Headline financials
Revenue & EPS history
CoreCard · Revenue · Quarterly
$13.4M
Revenue by segment
CoreCard · $24.2M total across 3 segments · Q1 2022
- License Revenue$12.5M—51.7%
- Professional Services$5.9M—24.4%
- Processing & Maintenance$5.8M—24.0%
Forward guidance
The company expects the lower level of professional services revenue to continue in the fourth quarter and into 2024. Full-year services revenue is expected to be approximately flat for 2023 as compared to 2022. Additional license revenue is anticipated during the first half of 2024.
Tailwinds
- Anticipates additional license revenue during the first half of 2024.
Headwinds
- Expects lower level of professional services revenue to continue in the fourth quarter and into 2024.
- Expects full-year services revenue to be approximately flat for 2023 as compared to 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+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
| Quarter | Report date | Reaction (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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