CoreCard Corporation Reports Fourth Quarter and Full Year 2024 Results

Core Points - CoreCard Corporation reported a total revenue of $14.8 million for Q4 2024, representing a 22$57.4 million, up 2% from 2023 [2][3] - The company experienced a year-over-year growth in processing and maintenance revenue of 11% for Q4 2024 and 7% for the full year [2][3] - CoreCard's net income for Q4 2024 was $1.9 million, compared to$0.5 million in Q4 2023, with full-year net income reaching $5.4 million, up from$3.4 million in the prior year [4][5] Revenue Breakdown - For Q4 2024, revenue from licenses was $1.42 million, professional services generated$6.21 million, processing and maintenance brought in $6.12 million, and third-party revenue was$1.07 million [3] - For the full year 2024, license revenue totaled $2.84 million, professional services revenue was$26.02 million, processing and maintenance revenue reached $24.03 million, and third-party revenue amounted to$4.51 million [3] Earnings Performance - Earnings per diluted share for Q4 2024 was $0.24, compared to$0.06 in Q4 2023, while full-year earnings per diluted share increased to $0.67 from$0.40 [4] - Adjusted earnings per diluted share for Q4 2024 was $0.28, up from$0.06 in the prior year, and for the full year, it was $0.79 compared to$0.53 [5] Future Guidance - For Q1 2025, the company expects total revenue between $14.4 million and$15.0 million, with earnings per share projected between $0.15 and$0.19 [2] - For the full fiscal year 2025, CoreCard reaffirms its guidance of total revenue between $60 million and$64 million, with earnings per share expected between $0.88 and$0.94, and anticipates revenue growth of 30-40% excluding its largest customer [2]