C

CoreCard Corp
NYSE:CCRD

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CoreCard Corp
NYSE:CCRD
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Price: 23.6 USD -2.96% Market Closed
Market Cap: 183.8m USD

CoreCard Corp
Investor Relations

CoreCard Corp. engages in the management of emerging technology companies. The company is headquartered in Norcross, Georgia and currently employs 800 full-time employees. The firm helps customers conceptualize, implement, and manage all aspects of their issuing card programs. The company provides real-time transactions via their platform operating on private on-premises and cloud technology infrastructure. Its modern platform enables its partners to manage all aspects of their card programs in one place. Its CoreCard Processing platform delivers an integrated solution for any type of card issuing program including credit. Its software supports both prepaid and revolving credit and enables to offer credit graduation from prepaid to revolving credit on the same software platform. The company enables processors, merchants and banks across the global payment industry to create and manage all aspects of their card programs including prepaid, fleet, credit card and accounts receivable.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 8, 2025
AI Summary
Q1 2025

Revenue Beat: Q1 revenue was $16.7 million, up 28% year-over-year, exceeding expectations due to higher professional services revenue, mainly from Goldman Sachs.

Strong Profit Growth: Operating income rose to $2.8 million from $0.5 million last year, and operating margin improved sharply to 16.8% from 4%.

Guidance Raised: Full-year 2025 revenue is now expected at $65–69 million, with earnings per share guidance increased to $1.10–$1.18.

Customer Growth: Revenue growth outside of Goldman Sachs was 8%, and is projected to accelerate to 30–35% for the full year as more customers ramp up.

Deserve Transition: Loss of Deserve as a customer following Intuit’s acquisition is seen as a minor headwind and is already factored into guidance.

Stable Outlook: Management expects the rest of the year to be as strong or better than Q1, with continued steady operations and no major disruptions anticipated.

Key Financials
Revenue
$16.7 million
Professional Services Revenue
$8.7 million
Processing and Maintenance Revenue
$6.3 million
Third-Party Revenue
$1.6 million
Operating Income
$2.8 million
Operating Margin
16.8%
Tax Rate
24%
Earnings Per Share (EPS)
$0.24
Adjusted EBITDA
$4 million
Revenue Growth ex Goldman Sachs and one-time items
23% in Q1 2025
Earnings Call Recording
Other Earnings Calls

Management

Mr. James Leland Strange
Chairman, CEO & President
No Bio Available
Mr. Matthew A. White CPA
CFO & Corporate Secretary
No Bio Available

Contacts

Address
GEORGIA
Norcross
4355 Shackleford Rd
Contacts
+14043812900.0
www.intelsys.com