NCR Voyix Corp Stock Price, News & Analysis

NCR Voyix (NYSE: VYX), a leading global provider of digital commerce solutions, has announced its participation in four upcoming investor conferences. These include:

• Oppenheimer & Co. Technology, Internet & Communications Conference (August 12, 2024, Virtual)
• Needham Fintech & Digital Transformation Virtual Conference (August 14, 2024, Virtual)
• Citi Global TMT Conference (September 6, 2024, New York, NY)
• Goldman Sachs Communacopia & Technology Conference (September 10, 2024, San Francisco, CA)

CEO David Wilkinson will present at the Oppenheimer conference. The events will feature fireside chats, 1x1 meetings, and group investor meetings. Live webcasts and replays of the presentations will be available on the NCR Voyix investor relations website.

NCR Voyix (NYSE: VYX) reported Q2 2024 financial results and announced strategic actions:

1. Agreed to sell Digital Banking to Veritas Capital for $2.45 billion plus up to $100 million contingent consideration.

2. Executed outsourced design and manufacturing agreement with Ennoconn Corp. for POS and self-checkout hardware.

3. Implemented cost reduction program targeting $75 million in annualized payroll costs by Q2 2024 end.

Q2 2024 Results:
- GAAP Revenue: $876 million (down from $946 million in Q2 2023)
- Net loss from continuing operations: $(74) million
- Adjusted EBITDA: $144 million (down from $168 million)
- Diluted EPS: $(0.54), non-GAAP diluted EPS: $0.09

The company updated its 2024 guidance, expecting total revenue of $2,805M - $2,860M and Adjusted EBITDA of $355M - $375M.

NCR Voyix (NYSE: VYX) has entered a definitive agreement to sell its cloud-based digital banking business to Veritas Capital for $2.45 billion in cash, with potential additional contingent consideration of up to $100 million. The digital banking platform, currently the largest independent platform of its kind in the US, serves over 1,300 financial institutions and 20 million active users.

This strategic move allows NCR Voyix to streamline operations, focus on core restaurant and retail customers, and strengthen its financial position. The transaction is expected to close by year-end, subject to regulatory approvals. NCR Voyix plans to use the proceeds to de-lever its balance sheet and invest in core businesses.

Sainsbury's has chosen NCR Voyix (NYSE: VYX) to transform its shopping experience and support its Next Level Sainsbury's strategy. The seven-year agreement expands their 20-year partnership. Sainsbury's is upgrading 22,500 checkouts across its stores with NCR Voyix's Commerce Platform, Point of Sale Solutions, and Next Generation Self-Checkout systems.

The new technology, powered by NCR Voyix Edge software and cloud technology, will provide real-time data and AI-driven analytics for sales analysis, store performance estimation, and cash management. It will enable remote transaction approvals and personalized promotions. This upgrade aims to speed up the customer journey, enhance shopping experiences, and optimize store efficiencies.

Stinker Stores, a convenience chain operating in Idaho, Wyoming, and Colorado, has partnered with NCR Voyix (NYSE: VYX) to modernize its store IT infrastructure. The implementation of the NCR Voyix Commerce Platform via Edge infrastructure has resulted in significant benefits for Stinker:

1. Increased bottom line through real-time promotions
2. 60% cost savings on POS hardware
3. 80% savings on back-office technology
4. 50% reduction in support tickets (forecast)
5. 70% faster store rollout
6. Improved system performance and uptime
7. Faster integration of new technologies

This transformation has positioned Stinker for future growth in the competitive convenience store landscape.

NCR Voyix (NYSE: VYX), a leading global provider of digital commerce solutions, has announced the release date for its second quarter 2024 earnings results. The company will publish its consolidated financial results on August 6, 2024, before the market opens. Following the release, the NCR Voyix management team will host a conference call at 8:00 a.m. ET to discuss the results.

Investors and analysts can participate in the conference call by dialing 877-407-3088 (toll-free) or +1 201-389-0927 (local). Participants are advised to join 15 minutes before the start and request the "NCR Voyix Second Quarter 2024 Earnings Call." A live webcast of the call and related presentation materials will be available on the company's investor relations website. A replay of the webcast will also be accessible on the website after the live event.

NCR Voyix (NYSE: VYX) announced that Golden 1 Credit Union has chosen its Digital-First Banking platform to enhance its digital transformation efforts.

Golden 1, one of the largest credit unions in the U.S. with over $20 billion in assets and more than 1.1 million members, aims to deliver more personalized and robust banking experiences using the NCR Voyix platform.

This partnership will allow Golden 1 to offer advanced financial services, enhancing member engagement and loyalty. NCR Voyix’s API-first architecture will enable rapid deployment of new features, positioning Golden 1 competitively in the market.

NCR Voyix (NYSE: VYX) has launched Aloha Pay-At-Table, a solution powered by sunday to simplify restaurant payments. This technology allows diners to pay using their smartphones by scanning a QR code, viewing their bill, splitting costs, and tipping within 10 seconds. Initially tested in 2021 across 23 European locations, the system now supports over 2,000 restaurants globally, impacting 50 million guests annually. It integrates seamlessly with NCR Voyix's Aloha POS, reducing wait times and improving efficiencies for guests, staff, and restaurant owners. Key benefits include a 10% increase in server tips, saving an average of 15 minutes per table, and valuable data insights for restaurant operators.

NCR Voyix (NYSE: VYX) has launched the Aloha Kiosk, powered by GRUBBRR, aimed at assisting restaurant operators who are struggling with labor shortages and rising costs. The kiosk, integrated with the NCR Voyix Commerce Platform, provides a seamless data flow and enhanced omnichannel ordering. Benny Tadele, EVP & President of NCR Voyix, emphasized that the kiosk reduces staff stress and enhances customer experience. GRUBBRR CEO Sam Zietz highlighted its operational efficiencies and potential revenue boost. With two-thirds of Americans favoring self-service kiosks, this technology could significantly impact the restaurant industry. The Aloha Kiosk aims to address labor challenges and escalating costs by providing flexible workflows and improving order accuracy, potentially increasing ticket values by 12%-22%.