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XBP Europe Holdings, Inc. Reports Second Quarter 2024 Results
XBPXBP Europe (XBP) GlobeNewswire News Room·2024-08-12 13:15

Second Quarter Highlights ● Revenue of $36.1 million, down 14.8% year-over-year (14.2% on a constant currency basis) ● Gross margin declined to 18.4%, a 630 bps decrease sequentially and 920 bps decrease year-over-year ● Net loss of $4.7 million includes $0.7 million of FX losses ● Active revenue ramp of approximately $25 million in ACV (Annual Contract Value) ● Completed a comprehensive financing transaction with HSBC to provide up to $33 million of incremental liquidity LONDON and SANTA MONICA, Calif., Au ...