Financial Performance - Q3 2024 GAAP Revenue was $711 million, down from $809 million in the prior year, reflecting a decrease of approximately 12%[3] - Net loss from continuing operations was $31 million, significantly improved from a loss of $266 million in the prior year[3] - Adjusted EBITDA for Q3 2024 was $93 million, down from $103 million in the prior year, reflecting a decrease of approximately 10%[3] - Normalized Adjusted EBITDA for Q3 2024 was $101 million, down from $133 million in Q3 2023, while YTD it was $251 million compared to $336 million in the previous year[20] - Normalized Revenue for Q3 2024 was $708 million, a decrease from $794 million in Q3 2023, with YTD revenue at $2,140 million compared to $2,332 million in the prior year[22] - Adjusted EBITDA for the three months ended September 30, 2024, was $93 million, a decrease of 10% from $103 million in the same period of 2023[29] - Adjusted EBITDA margin for the three months ended September 30, 2024, was 13.1%, compared to 12.7% in the same period of 2023[29] - Total revenue for the three months ended September 30, 2024, was $711 million, a decrease of 12% compared to $809 million for the same period in 2023[28] - Total revenue for the nine months ended September 30, 2024, was $2,144 million, down 10% from $2,382 million in the same period of 2023[29] Revenue Breakdown - Software & Services Revenue was $517 million, a decline of 4% compared to $540 million in the prior year[3] - Software & Services Revenue for Q3 2024 was $516 million, down from $528 million in Q3 2023, with YTD figures at $1,532 million compared to $1,545 million[23] - Retail segment revenue for the three months ended September 30, 2024, was $487 million, down 12% from $552 million in the same period of 2023[29] - Restaurant segment revenue for the three months ended September 30, 2024, was $211 million, an 8% decrease from $229 million in the same period of 2023[29] Debt and Cash Management - The company reduced its outstanding debt by $1.84 billion following the sale of the Digital Banking business, improving its net leverage ratio[5] - The company’s long-term debt was reduced to $1,098 million from $2,563 million, a decrease of 57.1%[31] - Net Debt was defined as total debt minus cash and cash equivalents, indicating the company's liquidity position[17] - The Net Leverage Ratio is calculated as net debt divided by last-twelve-months Adjusted EBITDA, serving as an indicator of the company's indebtedness relative to its operating performance[17] - The company reported a cash balance of $825 million at the end of the period, down from $3,013 million in the previous year[33] - Cash and cash equivalents rose significantly to $795 million from $259 million, marking a 207.3% increase[31] Strategic Actions - The sale of the Digital Banking business was completed for $2.45 billion in cash, with an additional contingent consideration of up to $100 million[5] - The company plans to utilize approximately $100 million from the Digital Banking sale proceeds for share repurchases over the next 12 months[5] - The company is transitioning its POS and SCO hardware businesses to an ODM model effective January 1, 2024, as part of ongoing expense reduction actions[18] - The company has adjusted its financial outlook following the divestiture of the Digital Banking business, which may impact future operating results[18] Income and Expenses - The company reported a significant interest expense of $40 million in Q3 2024, down from $83 million in Q3 2023, indicating improved financial management[20] - Total gross margin for the three months ended September 30, 2024, was $166 million, representing 23.3% of revenue, compared to 24.1% in the same period of 2023[28] - Research and development expenses for the three months ended September 30, 2024, increased to $38 million from $29 million in the same period of 2023[28] Equity and Assets - Total stockholders' equity increased to $1,011 million as of September 30, 2024, compared to $25 million at December 31, 2023[31] - Total current assets increased to $1,825 million as of September 30, 2024, compared to $1,206 million at December 31, 2023, representing a growth of 51.3%[31] - Total liabilities decreased to $3,387 million from $4,689 million, reflecting a reduction of 27.7%[31] - The company reported net cash provided by operating activities of $38 million for the nine months ended September 30, 2024, down from $727 million in the prior year[33] - Proceeds from divestiture amounted to $2,458 million, significantly higher than $10 million in the previous year[33] - Net income for the three months ended September 30, 2024, was $1,082 million, compared to a net loss of $(128) million in the same period of 2023[28] - Net income for the nine months ended September 30, 2024, was $968 million, a substantial recovery from a net loss of $104 million in the same period of 2023[33]

NCR V::YIX N Y S E : V Y X 1 Q2 2024 Earnings Report David Wilkinson, CEO Brian Webb-Walsh, CFO August 6, 2024 Notes to Investors SPIN-OFF INFORMATION. On October 16, 2023, NCR Voyix completed the spin-off of NCR Atleos Corporation ("NCR Atleos") as an independent, publicly traded company. The historical financial results of NCR Atleos are reflected as discontinued operations in NCR Voyix's consolidated financial statements for periods prior to the completion of the spin-off. Accordingly, the financial info ...

NCR Voyix Corporation (NYSE:VYX) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Alan Katz - Vice President of Investor Relations David Wilkinson - Chief Executive Officer Brian Webb-Walsh - Chief Financial Officer Conference Call Participants Will Nance - Goldman Sachs Mayank Tandon - Needham & Company Matt Summerville - D.A. Davidson Jeffrey Lane - Stifel, Nicolaus & Company Ian Zaffino - Oppenheimer & Co. Inc. Erik Woodring - Morgan Stanley Operator Greetings, and welcome ...

NCR Voyix (VYX) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -390.91%. A quarter ago, it was expected that this maker of ATMs and other hardware and software to handle payments would post earnings of $0.06 per share when it actually produced earnings of $0.13, delivering a surprise of ...

NEW TAIPEI CITY, Taiwan, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ennoconn Corporation (Taiwan Exchange / 6414.TW), a global technology company delivering world-class Industrial intelligent IoT, AI and Embedded Technology solutions, today announced that it has entered into a definitive agreement with NCR Voyix (NYSE:VYX) to manage the supply, design, manufacturing, fulfillment, delivery and warranty for its hardware products. NCR Voyix is a leading global provider of digital commerce solutions. Since 2008, Ennocon ...

Table of Contents ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-00395 NCR VOYIX CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) (Exac ...

NCR Voyix’s first-quarter earnings results took note of strength in customer conversions to its commerce platform and growth in digital banking and the adoption of self-checkout technology to help streamline customer interactions, especially in retail.CEO David Wilkinson said on a Thursday (May 9) conference call with analysts that the company is making progress converting customers to its platform and now has approximately 61,000 retail and restaurant platform sites — representing 18% of NCR Voyix’s total ...

Financial Data and Key Metrics Changes - Total normalized revenue for Q1 2024 was $858 million, a decline of approximately 3% driven by lower hardware revenue due to customer refresh cycles [27] - Normalized software and services revenue increased by 5% to $662 million, while adjusted EBITDA was $122 million, down 2% [27][28] - Adjusted EBITDA margin was 14.2%, slightly higher than the prior year, and adjusted EPS was $0.13 with a weighted diluted average share count of 162.7 million [27] Business Line Data and Key Metrics Changes - In the retail segment, software and services revenue grew by 5%, but total revenue declined by 7% due to hardware declines [29] - The restaurant segment saw software and services revenue grow by 3%, offset by hardware, resulting in a revenue decline of 3% [92] - Digital banking segment revenue increased by 7%, with adjusted EBITDA growing by 10% and margin expanding by 90 basis points [100] Market Data and Key Metrics Changes - The company signed nearly 300 new customers across retail and restaurant segments, indicating strong market demand [81][116] - The digital banking segment registered users grew by 5% to over 28.5 million, with active users increasing by 3% to over 19.7 million [88] Company Strategy and Development Direction - The company is focused on executing its platform strategy and increasing investments in its global sales and services network to drive growth [10][24] - There is a strong emphasis on converting existing customers to the platform and expanding relationships with new customers, particularly in the mid-market [12][24] - The company aims to streamline operations by consolidating its four business lines into a single organization, enhancing sales activity and cost efficiencies [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute growth strategies and maximize shareholder value, despite challenges in the hardware business [40][56] - The company anticipates a moderation in hardware revenue decline in the second half of the year, with expectations for sequential improvement in revenue and adjusted EBITDA [36][107] - Management noted that the digital banking business is performing well and is expected to continue growing, with a focus on cross-selling and expanding existing customer relationships [111] Other Important Information - The company is undergoing a $100 million cost-out program, with $70 million benefits expected this year and $30 million flowing into next year [65] - The company reaffirmed its 2024 guidance ranges based on Q1 performance and current visibility for the year [95] Q&A Session Summary Question: What is the outlook for revenue and EBITDA cadence going forward? - Management expects revenue and adjusted EBITDA to sequentially improve as cost transformation initiatives ramp up and hardware-related declines moderate in the second half [36] Question: Any updates on plans to potentially monetize the digital banking asset? - Management continues to explore opportunities to maximize shareholder value, acknowledging the increasing valuations in the market [40] Question: What is the demand outlook for self-checkout products? - Management sees continued demand for self-checkout solutions, driven by consumer preferences for unassisted checkout options [44][106] Question: How does the digital banking segment compare to historical quarterly run rates? - The digital banking segment is performing in line with expectations, with strong customer additions and expansions [50] Question: What are the attrition rates across segments? - The company reports strong retention rates, particularly in enterprise customers, with normal attrition trends continuing [69] Question: What is the expected margin for the restaurant segment going forward? - Management expects the restaurant segment margin to remain in the mid-to-high twenties for the full year [123]

NCR V::YIX David Wilkinson, CEO Brian Webb-Walsh, CFO SPIN-OFF INFORMATION. On October 16, 2023, NCR Voyix completed the spin-off of NCR Atleos Corporation ("NCR Atleos") as an independent, publicly traded company. The historical financial results of NCR Atleos are reflected as discontinued operations in NCR Voyix's consolidated financial statements for periods prior to the completion of the spin-off. Accordingly, the financial information included in this presentation and the associated remarks has been re ...

NEWS RELEASE NCR Voyix Reports First Quarter Results ATLANTA, May 9, 2024 - NCR Voyix Corporation (NYSE: VYX) ("NCR Voyix" or the "Company"), a leading global provider of digital commerce solutions, reported financial results today for the three months ended March 31, 2024. | In millions | | Q1 2024 | Q1 2023 | % Change | | --- | --- | --- | --- | --- | | Revenue (GAAP) | $ | 862 $ | 916 | (6)% | | Normalized revenue | $ | 858 $ | 889 | (3)% | | Net income (loss) from continuing operations attributable to N ...