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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 歐洲控股公司公佈2024年第二季度業績
美股SEC公告 ·  2024/08/12 21:35

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XBP Europe Holdings reported Q2 2024 revenue of $36.1 million, down 14.8% YoY, primarily due to a large one-time license sale in Q2 2023 and slower ramp-up of public sector contracts. Gross margin declined to 18.4%, representing a 920 basis point decrease YoY, while operating loss was $2.4 million compared to an operating profit of $1.4 million in Q2 2023.The Technology segment revenue decreased 27.6% YoY to $8.8 million, while Bills & Payments segment revenue fell 9.6% to $27.3 million. The company recorded a net loss of $4.7 million, which included $0.7 million in foreign exchange losses. Adjusted EBITDA dropped to $0.3 million from $4.0 million in the prior year.The company secured additional liquidity through a comprehensive financing agreement with HSBC UK Bank plc, providing up to $33 million of incremental borrowing capacity. Management expects improvement in coming quarters, driven by the ramp-up of recently launched large-scale projects and approximately $25 million in Annual Contract Value currently being implemented.
XBP Europe Holdings reported Q2 2024 revenue of $36.1 million, down 14.8% YoY, primarily due to a large one-time license sale in Q2 2023 and slower ramp-up of public sector contracts. Gross margin declined to 18.4%, representing a 920 basis point decrease YoY, while operating loss was $2.4 million compared to an operating profit of $1.4 million in Q2 2023.The Technology segment revenue decreased 27.6% YoY to $8.8 million, while Bills & Payments segment revenue fell 9.6% to $27.3 million. The company recorded a net loss of $4.7 million, which included $0.7 million in foreign exchange losses. Adjusted EBITDA dropped to $0.3 million from $4.0 million in the prior year.The company secured additional liquidity through a comprehensive financing agreement with HSBC UK Bank plc, providing up to $33 million of incremental borrowing capacity. Management expects improvement in coming quarters, driven by the ramp-up of recently launched large-scale projects and approximately $25 million in Annual Contract Value currently being implemented.
XBP 歐洲控股公司報告2024年第二季度營業收入爲3610萬美金,同比下降14.8%,主要由於2023年第二季度的一筆大額一次性許可銷售以及公共部門合同的增長速度較慢。毛利率下降至18.4%,同比下降920個點子,而營業虧損爲240萬美金,相較於2023年第二季度的營業利潤140萬美金。科技板塊的營業收入同比下降27.6%,降至880萬美金,而賬單和支付板塊的營業收入下降9.6%,降至2730萬美金。公司記錄的淨虧損爲470萬美金,其中包括70萬美金的匯率期貨損失。調整後的 EBITDA 從去年的400萬美金下降至30萬美金。公司通過與匯豐英國銀行的綜合融資協議獲得了額外的流動性,提供最高達3300萬美金的額外借款能力。管理層預計在未來季度將有所改善,主要受最近推出的大規模項目的推動,以及目前實施的約2500萬美金的年度合同價值。
XBP 歐洲控股公司報告2024年第二季度營業收入爲3610萬美金,同比下降14.8%,主要由於2023年第二季度的一筆大額一次性許可銷售以及公共部門合同的增長速度較慢。毛利率下降至18.4%,同比下降920個點子,而營業虧損爲240萬美金,相較於2023年第二季度的營業利潤140萬美金。科技板塊的營業收入同比下降27.6%,降至880萬美金,而賬單和支付板塊的營業收入下降9.6%,降至2730萬美金。公司記錄的淨虧損爲470萬美金,其中包括70萬美金的匯率期貨損失。調整後的 EBITDA 從去年的400萬美金下降至30萬美金。公司通過與匯豐英國銀行的綜合融資協議獲得了額外的流動性,提供最高達3300萬美金的額外借款能力。管理層預計在未來季度將有所改善,主要受最近推出的大規模項目的推動,以及目前實施的約2500萬美金的年度合同價值。
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