XBP Europe Holdings, Inc. Reports Second Quarter 2024 Results
XBP Europe Holdings, Inc. (XBP)
Company Research
Source: GlobeNewswire
Second Quarter Highlights ? Revenue of $36.1 million, down 14.8% year-over-year (14.2% on a constant currency basis)? Gross margin declined to 18.4%, a 630 bps decrease sequentially and 920 bps decrease year-over-year? Net loss of $4.7 million includes $0.7 million of FX losses ? Active revenue ramp of approximately $25 million in ACV (Annual Contract Value)? Completed a comprehensive financing transaction with HSBC to provide up to $33 million of incremental liquidity LONDON and SANTA MONICA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended June 30, 2024. “We are encouraged by our sales funnel and ramp-up of large public sector contracts, including HMPO which is expected to launch in the comi
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XBP
Sec Filings
- 9/5/24 - Form 8-K
- 8/12/24 - Form 8-K
- 8/12/24 - Form 10-Q
- XBP's page on the SEC website