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

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

8-K:XBP 欧洲控股公司公布2024年第二季度业绩
美股SEC公告 ·  08/12 09:35

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On August 12, 2024, XBP Europe Holdings, Inc., a pan-European integrator of bills and payments, reported its financial results for the second quarter ended June 30, 2024. The company experienced a revenue decline of 14.8% year-over-year to $36.1 million, primarily due to the completion of projects and client contract ends, despite new business impacts. Gross margin fell to 18.4%, and the company reported a net loss of $4.7 million, which included $0.7 million of foreign exchange losses. The quarter also saw an active revenue ramp of approximately $25 million in Annual Contract Value and a strategic financing transaction with HSBC, providing up to $33 million of incremental liquidity. CEO Andrej Jonovic expressed optimism for the remainder of the year, citing a strong sales funnel and the upcoming launch of large public sector contracts. The company's cash and cash equivalents stood at $15.6 million as of June 30, 2024. XBP Europe also posted an investor presentation on its website and filed the full details of its financial results with the SEC.
On August 12, 2024, XBP Europe Holdings, Inc., a pan-European integrator of bills and payments, reported its financial results for the second quarter ended June 30, 2024. The company experienced a revenue decline of 14.8% year-over-year to $36.1 million, primarily due to the completion of projects and client contract ends, despite new business impacts. Gross margin fell to 18.4%, and the company reported a net loss of $4.7 million, which included $0.7 million of foreign exchange losses. The quarter also saw an active revenue ramp of approximately $25 million in Annual Contract Value and a strategic financing transaction with HSBC, providing up to $33 million of incremental liquidity. CEO Andrej Jonovic expressed optimism for the remainder of the year, citing a strong sales funnel and the upcoming launch of large public sector contracts. The company's cash and cash equivalents stood at $15.6 million as of June 30, 2024. XBP Europe also posted an investor presentation on its website and filed the full details of its financial results with the SEC.
2024年8月12日,欧洲XBP控股公司作为欧洲账单和付款一体化服务提供商,公布截至2024年6月30日的二季度财报。尽管新业务在影响方面产生了作用,但公司营业收入同比下降14.8%,仅为3610万美元,主要原因是项目完成和客户合同结束。毛利率下降至18.4%,公司报告净亏损470万美元,其中包括70万美元的汇率期货损失。季度内还积极提升了大约2500万美元的年度合同价值和与汇丰银行的战略融资交易,提供了高达3300万美元的额外流动性。CEO Andrej Jonovic 对于今年余下时间充满乐观,并引用公司强劲的销售渠道以及即将推出的大型公共部门合同。截至2024年6月30日,公司现金及现金等价物为1560万美元。欧洲XBP还在其网站上发布了投资者展示,并向美国证券交易委员会提交了其完整的财务结果细节。
2024年8月12日,欧洲XBP控股公司作为欧洲账单和付款一体化服务提供商,公布截至2024年6月30日的二季度财报。尽管新业务在影响方面产生了作用,但公司营业收入同比下降14.8%,仅为3610万美元,主要原因是项目完成和客户合同结束。毛利率下降至18.4%,公司报告净亏损470万美元,其中包括70万美元的汇率期货损失。季度内还积极提升了大约2500万美元的年度合同价值和与汇丰银行的战略融资交易,提供了高达3300万美元的额外流动性。CEO Andrej Jonovic 对于今年余下时间充满乐观,并引用公司强劲的销售渠道以及即将推出的大型公共部门合同。截至2024年6月30日,公司现金及现金等价物为1560万美元。欧洲XBP还在其网站上发布了投资者展示,并向美国证券交易委员会提交了其完整的财务结果细节。
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