XBP Europe Q2 2024 revenue falls 14.8% to $36.1M; net loss widens to $4.7M

XBP Global Holdings, Inc.

2024-Q2 EPS reported -$0.23

Revenue of $36.1M, down 14.8% YoY; net loss of $4.7M vs $0.6M loss in 2Q 2023.
Adjusted EBITDA of $0.3M, down 92.8% from $4.0M; margin declined to 0.8% from 9.5%.
Bills & Payments segment revenue $27.3M (-9.6% YoY); Technology segment $8.8M (-27.6%).
Entered financing agreement with HSBC providing up to $33M incremental liquidity.
Active revenue ramp of ~$25M ACV in public sector contracts including HMPO launch.

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