secwatch.observer — SEC 8-K summary
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Issuer:     CoreCard Corp (—)
CIK:        0000320340
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001171843-24-002454
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCard Q1 revenue $13.1M down 11% YoY; EPS $0.05 vs $0.15
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- Total revenue $13.1M vs $14.8M; processing & maintenance grew 13% to $6.15M.
- Professional services fell to $5.83M from $8.34M, driven by largest customer.
- Net income $0.4M ($0.05 diluted EPS) vs $1.3M ($0.15); adjusted EPS $0.07.
- Adjusted EBITDA $1.7M vs $3.5M in prior-year quarter.
- CEO said results in-line with expectations; continues onboarding new customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320340/000117184324002454/0001171843-24-002454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320340/000117184324002454/f8k_050124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002454

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer