XBP Europe Q3 revenue down 5.6% YoY but adjusted EBITDA jumps 116% to $4.8M

XBP Global Holdings, Inc.

2024-Q3 EPS reported -$0.32 revenue$664,017,000

Revenue of $35.4M (-5.6% YoY); Bills & Payments $24.6M (-3.1%), Technology $10.8M (-10.8%).
Gross margin 32.6% (+800 bps YoY); operating profit $2.5M vs $0.3M a year ago.
Adjusted EBITDA from continuing ops $4.8M (+116% YoY); margin 13.7% vs 6.0%.
Net loss $2.8M ($0.7M FX loss); cash $7.8M; €15M factoring facility available.
Plans to divest on-demand printing (discontinued ops; YTD revenue $6.8M, negative adj. EBITDA $3.3M).

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