share_log

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 ·  2024/08/12 21:35

Moomoo AI 已提取核心信息

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 欧洲控股公司报告2024年第二季度营业收入为3610万美元,同比下降14.8%,主要由于2023年第二季度的一次性许可证销售和公共部门合同的缓慢推进。毛利率下降至18.4%,同比减少920个基点,而营业亏损为240万美元,相比于2023年第二季度的营业利润140万美元。科技板块的营业收入同比下降27.6%,达到880万美元,账单和支付板块的营业收入下降9.6%,降至2730万美元。公司报告净亏损470万美元,其中包括70万美元的汇率损失。经调整的 EBITDA 从去年同期的400万美元降至30万美元。公司通过与汇丰银行英国有限公司签订的全面融资协议获得了额外流动性,提供高达3300万美元的新增借款能力。管理层预计,随着最近启动的大型项目的推进,以及目前实施的约2500万美元的年度合同价值,未来几个季度将有所改善。
XBP 欧洲控股公司报告2024年第二季度营业收入为3610万美元,同比下降14.8%,主要由于2023年第二季度的一次性许可证销售和公共部门合同的缓慢推进。毛利率下降至18.4%,同比减少920个基点,而营业亏损为240万美元,相比于2023年第二季度的营业利润140万美元。科技板块的营业收入同比下降27.6%,达到880万美元,账单和支付板块的营业收入下降9.6%,降至2730万美元。公司报告净亏损470万美元,其中包括70万美元的汇率损失。经调整的 EBITDA 从去年同期的400万美元降至30万美元。公司通过与汇丰银行英国有限公司签订的全面融资协议获得了额外流动性,提供高达3300万美元的新增借款能力。管理层预计,随着最近启动的大型项目的推进,以及目前实施的约2500万美元的年度合同价值,未来几个季度将有所改善。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息