Core Points - CoreCard Corporation reported financial results for Q1 2025, with total revenues of $16.7 million, representing a year-over-year growth of 28% compared to $13.1 million in Q1 2024 [2][3] - The revenue growth was primarily driven by increased professional services rates from the largest customer and continued growth from other customers [2] - The company achieved an income from operations of $2.8 million, significantly up from $0.5 million in the same quarter last year [3][4] - Net income for the first quarter was $1.9 million, compared to $0.4 million in Q1 2024, with earnings per diluted share increasing to $0.24 from $0.05 [4][12] - Adjusted earnings per diluted share rose to $0.28 from $0.07, and adjusted EBITDA was reported at $4.0 million, up from $1.7 million in the prior year [4][21] Financial Highlights - Total revenues for Q1 2025: $16.7 million, up from $13.1 million in Q1 2024 [3] - Breakdown of revenue types for Q1 2025: - Professional services: $8.7 million (up from $5.8 million) - Processing and maintenance: $6.3 million (up from $6.2 million) - Third-party revenue: $1.6 million (up from $1.1 million) [3] - Income from operations: $2.8 million in Q1 2025 vs. $0.5 million in Q1 2024 [3] - Net income: $1.9 million in Q1 2025 vs. $0.4 million in Q1 2024 [4] - Adjusted EBITDA margin improved to 24.1% from 13.1% year-over-year [21] Company Overview - CoreCard Corporation is a leading provider of credit technology solutions and processing services in the financial technology market [1][8] - The company focuses on technological innovation in the payments industry, offering a robust card issuing platform [8] - CoreCard aims for sustainable growth and has established trust with major companies and financial institutions globally [8]