XBP Europe FY2023 revenue $166.6M, down 7.7%; net loss $11.0M; Adjusted EBITDA $11.6M

XBP Global Holdings, Inc.

2024-Q1 EPS reported -$0.07

Revenue fell 7.7% YoY to $166.6M; Bills & Payments segment down 11%, Technology segment up 2.5%.
Net loss of $11.0M vs. $7.9M loss in 2022, driven by $6.7M restructuring charge.
Adjusted EBITDA of $11.6M (7.0% margin) vs. $14.5M (8.0% margin) in 2022.
Won ~$48M TCV contract (largest in five years) and ~$58M of ACV in 2023.
Closed business combination with CF Acquisition Corp VIII in late 2023; received $5.2M net proceeds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XBP Global Holdings, Inc. reported the fiscal quarter and year ended December 31, 2023 results: revenue $166.6 million, net income $11.0 million.

Period: the fiscal quarter and year ended December 31, 2023
Revenue: $166.6 million
Net income: $11.0 million
Result: reported results

Exact text from the filing

except as required by law. --- EX-99.1 (EX-99.1) --- XBP Europe Holdings, Inc. Reports Full Year 2023 Results April 1, 2024 Full Year Highlights ● 2023 revenue of $166.6 million, down 7.7% year-over-year (8.4% on a constant currency basis) ● Net loss of $11.0 million includes restructuring charges of $6.7 million and transaction fees of $3.0 million ●

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321 earnings releases filed in the last 30 days. Browse all earnings releases →

XBP Global Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-004556

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