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CoreCard Corporation - CCRD STOCK NEWS

Welcome to our dedicated page for CoreCard Corporation news (Ticker: CCRD), a resource for investors and traders seeking the latest updates and insights on CoreCard Corporation stock.

CoreCard Corporation (NYSE: CCRD) is a pioneering provider of comprehensive card management systems and specialized processing services, tailored to meet the dynamic needs of the global financial services industry. Headquartered in Norcross, Georgia, CoreCard offers an extensive array of account management solutions, supporting a wide range of card products including prepaid, stored-value, fleet, credit, debit, commercial, government, healthcare, and private-label cards.

CoreCard's robust software suite encompasses a variety of modules such as CoreENGINE, CoreISSUE, CoreFRAUD, CoreCOLLECT, CoreAPP, CoreMONEY, and CoreACQUIRE. These solutions cater to program managers, accounts receivable businesses, financial institutions, retailers, and processors, enabling them to manage credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and loan transactions efficiently.

The company licenses its software solutions to both issuers and acquirers, offering them the flexibility to either integrate the technology in-house or utilize CoreCard for processing services until they are ready. CoreCard’s modular, feature-rich platform ensures seamless real-time transaction processing and account management, making it a trusted partner for some of the world's largest companies and financial institutions.

Recently, CoreCard announced a strategic partnership with Banc of California, aiming to enhance the bank's commercial card products with CoreCard’s state-of-the-art technology platform. This collaboration underscores CoreCard's commitment to delivering innovative solutions that empower financial institutions to meet evolving business demands and achieve unparalleled value.

Despite a year-over-year decrease in total revenue for the fiscal year 2023, CoreCard achieved a 10% increase in processing and maintenance revenue, showcasing resilience and adaptability in a challenging economic environment. The company continues to focus on technological innovation and sustainable growth, ensuring long-term value for its stakeholders.

CoreCard’s customers span across the United States, European Union, and the Middle East, with a substantial portion of its revenue derived from the U.S. market. The company's unwavering dedication to advancing the future of global transactions through reliable, real-time processing platforms has solidified its position as a leader in the fintech industry.

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CoreCard (NYSE: CCRD) reported strong Q3 2024 financial results with total revenue of $15.7 million, marking a 17% increase year-over-year. The company achieved net income of $2.2 million with earnings per diluted share of $0.27. For Q4 2024, CoreCard expects revenue between $13.3-13.7 million with EPS of $0.07-0.09. The FY2025 guidance projects revenue of $60-64 million with EPS of $0.88-0.94, expecting 30-40% revenue growth excluding their largest customer.

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CoreCard (NYSE: CCRD), a leading provider of credit technology solutions and processing services, has announced its plans for the third quarter 2024 earnings release and conference call. The company will hold an investor conference call on October 31, 2024, at 11:00 A.M. Eastern Time, following the release of its financial results for the quarter ended September 30, 2024, before the market opens on the same day.

Investors can participate in the conference call by accessing the webcast or dialing in. CoreCard will conduct a Q&A session during the call, with participants invited to email their questions in advance. A transcript of the call will be made available on the company's investor relations website after the event.

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CoreCard (NYSE: CCRD) announced its second quarter 2024 financial results on August 1, 2024. Revenue for Q2 2024 was $13.8 million, down from $15.7 million in Q2 2023, due to declines in license and processing revenue. Income from operations dropped to $1.1 million from $2.7 million year-over-year. Net income was $0.9 million, compared to $1.9 million in the prior year quarter. Earnings per diluted share were $0.11, down from $0.22, while adjusted EPS was $0.15 versus $0.23. Adjusted EBITDA stood at $2.5 million, a decrease from $4.8 million in Q2 2023. The company attributes the lower revenue primarily to declines from Kabbage. CoreCard continues to invest in its platform and is onboarding new customers.

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CoreCard [NYSE: CCRD], a leader in credit technology solutions and processing services for the fintech market, has announced its participation in three upcoming investor conferences in August 2024. The company's President & CEO, Leland Strange, and CFO, Matt White, will represent CoreCard at these events:

1. KeyBanc Technology Leadership Forum on August 6 in Vail, CO
2. Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14 (virtual)
3. Seaport Financials and FinTech Conference on August 15 (virtual)

Interested parties are encouraged to contact the hosting banks to schedule meetings with CoreCard representatives during these conferences.

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CoreCard (NYSE: CCRD), a leading provider of credit technology solutions and processing services, has announced its upcoming second quarter 2024 earnings release and conference call. The company plans to issue a press release with financial results for the quarter ended June 30, 2024, before the market opens on August 1, 2024. An investor conference call is scheduled for the same day at 11:00 A.M. Eastern Time.

Investors can participate in the conference call via webcast or by dialing 1-877-407-0890. CoreCard will conduct a Q&A session during the call, and participants are invited to email their questions to questions@corecard.com prior to the event. A transcript of the call will be made available on the company's investor relations website after the call.

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CoreCard reported its first quarter 2024 financial results, with total revenues of $13.1 million, reflecting a 13% growth in processing and maintenance. However, professional services revenue declined due to a major customer. The company remains optimistic about its platform and onboarding new customers.

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CoreCard , a leading provider of credit technology solutions, schedules an investor conference call on May 2, 2024, to discuss its first-quarter earnings for the period ended March 31, 2024. Interested investors can access the webcast or dial in to participate in the Q&A session. The company will release its financial results before the market opens on May 2, 2024.
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CoreCard announces a strategic partnership with Banc of California to enhance commercial card products through cutting-edge technology. CoreCard's platform aims to set a new standard in the industry by tailoring solutions to meet clients' goals, expanding markets, and providing unparalleled value.
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CoreCard Corporation (CCRD) announces financial results for Q4 and full year 2023, with revenue of $12.2 million in Q4 and $56 million for the full year. The company saw a decrease in revenue compared to the previous year, with income from operations and net income also declining. Adjusted earnings per diluted share were down as well. Despite these challenges, CoreCard remains optimistic about its platform and processing capabilities.
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CoreCard Corporation (NYSE: CCRD) will hold an investor conference call on February 14, 2024, to discuss its earnings release for the quarter ended December 31, 2023. Interested investors can join the conference call and submit questions for the Q&A session. The company will also issue a press release with financial results before the market opens on February 14, 2024.
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FAQ

What is the current stock price of CoreCard Corporation (CCRD)?

The current stock price of CoreCard Corporation (CCRD) is $16.844 as of November 8, 2024.

What is the market cap of CoreCard Corporation (CCRD)?

The market cap of CoreCard Corporation (CCRD) is approximately 133.0M.

What does CoreCard Corporation specialize in?

CoreCard Corporation specializes in providing comprehensive card management systems and boutique processing services for the financial services industry.

What types of card products does CoreCard support?

CoreCard supports a wide range of card products, including prepaid, stored-value, fleet, credit, debit, commercial, government, healthcare, and private-label cards.

What is CoreCard's software suite comprised of?

CoreCard's software suite includes modules like CoreENGINE, CoreISSUE, CoreFRAUD, CoreCOLLECT, CoreAPP, CoreMONEY, and CoreACQUIRE.

Who are CoreCard's main customers?

CoreCard's main customers include program managers, accounts receivable businesses, financial institutions, retailers, and processors.

What recent partnership has CoreCard announced?

CoreCard recently announced a strategic partnership with Banc of California to enhance the bank's commercial card products using CoreCard's technology platform.

How did CoreCard's revenue perform in 2023?

In 2023, CoreCard experienced a year-over-year decrease in total revenue but saw a 10% increase in processing and maintenance revenue.

What regions does CoreCard serve?

CoreCard serves customers in the United States, European Union, and the Middle East.

What are CoreCard's core values?

CoreCard is committed to technological innovation, sustainable growth, and providing reliable real-time transaction processing platforms.

Can CoreCard's solutions be integrated in-house?

Yes, CoreCard licenses its solutions to issuers and acquirers, offering the option to integrate the technology in-house when customers are ready.

How can I contact CoreCard for more information?

You can contact CoreCard for more information by emailing solutions@corecard.com or visiting their investor relations site at investors.corecard.com.

CoreCard Corporation

NYSE:CCRD

CCRD Rankings

CCRD Stock Data

133.05M
8.03M
27.35%
35.41%
3.3%
Software - Application
Services-prepackaged Software
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United States of America
NORCROSS