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8-K: XBP Europe Holdings, Inc. Reports First Quarter 2024 Results

8-K: XBP Europe Holdings, Inc. Reports First Quarter 2024 Results

8-K：XBP 欧洲控股公司公布2024年第一季度业绩
美股sec公告 ·  05/13 08:19
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On May 13, 2024, XBP Europe Holdings, Inc., a pan-European integrator of bills and payments, reported its financial results for the first quarter ended March 31, 2024. The company experienced a revenue decrease of 5.7% year-over-year to $40.4 million, attributed to the completion of one-time projects and client contract ends, despite the positive impact of new business. Gross margin improved, growing to 24.6%, and the Technology segment increased its revenue share to 28.4%. However, the company reported a net loss of $2.2 million, which included foreign exchange losses of $0.8 million. Notably, XBP Europe was awarded a multi-year contract with His Majesty's Passport Office in the UK, valued at approximately $40 million. The company's cash and cash equivalents stood at $3.5 million as of March 31, 2024, and it has access to a Secured Borrowing Facility with a funding limit of €15.0 million. The full financial details were furnished as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC, and an investor presentation was posted on the company's website.
On May 13, 2024, XBP Europe Holdings, Inc., a pan-European integrator of bills and payments, reported its financial results for the first quarter ended March 31, 2024. The company experienced a revenue decrease of 5.7% year-over-year to $40.4 million, attributed to the completion of one-time projects and client contract ends, despite the positive impact of new business. Gross margin improved, growing to 24.6%, and the Technology segment increased its revenue share to 28.4%. However, the company reported a net loss of $2.2 million, which included foreign exchange losses of $0.8 million. Notably, XBP Europe was awarded a multi-year contract with His Majesty's Passport Office in the UK, valued at approximately $40 million. The company's cash and cash equivalents stood at $3.5 million as of March 31, 2024, and it has access to a Secured Borrowing Facility with a funding limit of €15.0 million. The full financial details were furnished as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC, and an investor presentation was posted on the company's website.
2024年5月13日，泛欧账单和支付整合商XBP欧洲控股公司公布了截至2024年3月31日的第一季度财务业绩。尽管新业务产生了积极影响，但该公司的收入同比下降了5.7％，至4,040万美元，这要归因于一次性项目的完成和客户合同的终止。毛利率提高，增长至24.6％，科技板块的收入份额增加到28.4％。但是，该公司报告的净亏损为220万美元，其中包括80万美元的外汇亏损。值得注意的是，XBP Europe获得了与英国国王陛下护照办公室签订的为期多年的合同，价值约4000万美元。截至2024年3月31日，该公司的现金和现金等价物为350万美元，并且可以获得融资限额为1,500万欧元的担保借贷款。完整的财务细节以向美国证券交易委员会提交的8-K表最新报告的附录99.1的形式提供，投资者陈述已发布在该公司的网站上。
2024年5月13日，泛欧账单和支付整合商XBP欧洲控股公司公布了截至2024年3月31日的第一季度财务业绩。尽管新业务产生了积极影响，但该公司的收入同比下降了5.7％，至4,040万美元，这要归因于一次性项目的完成和客户合同的终止。毛利率提高，增长至24.6％，科技板块的收入份额增加到28.4％。但是，该公司报告的净亏损为220万美元，其中包括80万美元的外汇亏损。值得注意的是，XBP Europe获得了与英国国王陛下护照办公室签订的为期多年的合同，价值约4000万美元。截至2024年3月31日，该公司的现金和现金等价物为350万美元，并且可以获得融资限额为1,500万欧元的担保借贷款。完整的财务细节以向美国证券交易委员会提交的8-K表最新报告的附录99.1的形式提供，投资者陈述已发布在该公司的网站上。
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