Overview

* CoreCard ( CCRD ) Q2 revenue rises 27% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 at $0.31, exceeding analyst estimates, per LSEG data

* CoreCard ( CCRD ) to merge with Euronet Worldwide, closing expected late 2025

Outlook

* CoreCard ( CCRD ) will not provide financial guidance due to pending Euronet merger

Result Drivers

* PROFESSIONAL SERVICES - Revenue from professional services increased to $9.4 mln from $7.0 mln in Q2 2024

* PROCESSING AND MAINTENANCE - Revenue from processing and maintenance rose to $6.6 mln from $5.7 mln in Q2 2024

* THIRD PARTY REVENUE - Third party revenue grew to $1.6 mln from $1.1 mln in Q2 2024

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $17.60 $16.40

Revenue mln mln (1

Analyst)

Q2 Beat $0.31 $0.27 (1

Adjusted Analyst)

EPS

Q2 EPS $0.24

Q2 Net $2 mln

Income

Q2 $2.70

Income mln

From

Operatio

ns

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the financial technology (fintech) peer group is "buy."

* Wall Street's median 12-month price target for CoreCard Corp ( CCRD ) is $21.00, about 34.9% below its August 13 closing price of $28.32

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)