secwatch.observer — SEC 8-K summary
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Issuer:     XBP Global Holdings, Inc. (XBP)
CIK:        0001839530
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001558370-24-004556
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839530/000155837024004556/0001558370-24-004556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839530/000155837024004556/tmb-20240401x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004556

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