CoreCard Corporation (CCRD) Market Cap
CoreCard Corporation has a market capitalization of $183.9M.
Financials based on reported quarter end 2025-06-30
Price: $23.60
▼ -0.72 (-2.96%)
Market Cap: 183.90M
NYSE · time unavailable
CEO: James Leland Strange
Sector: Technology
Industry: Software - Application
IPO Date: 1987-01-02
Website: https://www.corecard.com
CoreCard Corporation (CCRD) - Company Information
Market Cap: 183.90M · Sector: Technology
CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, European Union, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions. The company's software solutions allow companies to offer various types of transacting account or card issuing program, as well as installment and revolving loans; set up and maintain account data; record advances and payments; assess fees, interests, and other charges; resolve disputes and chargebacks; manage collections of accounts receivable; generate reports; and settle transactions with financial institutions and network associations. The company was formerly known as Intelligent Systems Corporation and changed its name to CoreCard Corporation in December 2021. CoreCard Corporation was founded in 1973 and is headquartered in Norcross, Georgia.
Analyst Sentiment
Based on 2 ratings
Consensus Price Target
No data available
Price & Moving Averages
Related Companies in Technology
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"CCRD reported revenue of $17.6M and a net income of $1.98M for the quarter ending June 30, 2025. The company shows promising revenue growth for a small enterprise within the industry. With a positive cash flow from operations at $14.3M and a robust free cash flow of $11.8M, CCRD displays sound cash generation capabilities. The total assets amount to $70.9M against liabilities of $16.3M, resulting in total equity of $56.3M. This strong balance sheet is evidenced by net debt of -$23.2M, indicating that CCRD has a net cash position. However, with 0% dividend payouts and no indicative market performance pricing available, quantifying shareholder returns is challenging. Overall, while the underlying metrics show solid growth and profitability, the investor outlook remains cautious due to the lack of current market pricing and dividend history."
Revenue Growth
Revenue of $17.6M demonstrates strong growth potential.
Profitability
Net income of $1.98M indicates decent profitability.
Cash Flow Quality
Strong operating cash flow and positive free cash flow highlight solid cash generation.
Leverage & Balance Sheet
Net cash position reflects a strong balance sheet with low liabilities.
Shareholder Returns
No dividends paid and lack of market performance data affect shareholder return assessment.
Analyst Sentiment & Valuation
Limited analyst sentiment due to absence of market data.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Management delivered a strong Q1 with revenue up 28% YoY to $16.7M and operating margin expanding to 16.8% from 4.0% (~+1,280 bps). EPS also improved sharply ($0.24 GAAP; $0.28 adjusted ex stock comp), and adjusted EBITDA rose to $4.0M. Guidance for FY2025 remains constructive: revenue $65M–$69M and EPS $1.10–$1.18, with ex-Goldman growth targeted at 30%–35% (confirmed ~35% in Q&A) and Goldman managed-services run-rate expected for the rest of 2025. However, the Q&A exposed the main near-term operational hurdle: Deserve’s acquisition by Intuit is expected to cause a roll-off over time. Even though the impact is incorporated into guidance, management emphasized the relationship trajectory is still unclear and they reduced the forecast “cautiously.” Net: bullish on momentum and run-rate, but analysts pressed on customer churn/transition risk and management admitted meaningful uncertainty around Intuit/Deserve post-deal.
Growth Catalysts
- Higher managed services rates from Goldman contract amendment signed last October (driving Goldman professional services strength)
- Continued high development professional services from Goldman
- Processing and maintenance growth: 16% YoY excluding the one-time/legacy CABG-related items; core growth excluding largest customer and legacy CABG impacts
Business Development
- New customer onboarding directly and via partnerships with Fervent and Cardless
- Largest customer Goldman Sachs (major driver of professional services rebound)
- Potential headwind: Deserve sale to Intuit (relationship expected to roll off over time; no Intuit discussions)
Financial Highlights
- Total revenue: $16.7M (+28% YoY); professional services $8.7M (major YoY driver)
- No license revenue in Q1 2025 and no license revenue expected for full-year 2025
- Operating income: $2.8M vs $0 in Q1 2024; operating margin: 16.8% vs 4.0% in Q1 2024 (~+1,280 bps YoY)
- Income statement impact of new platform build: $0.8M in Q1 2025 vs $0.7M in Q1 2024
- Tax rate: 24.0% in Q1 2025 vs 25.7% in Q1 2024 (implied ~-170 bps YoY); ongoing tax rate expected 24% to 27%
- GAAP EPS (diluted): $0.24 vs $0.05 in Q1 2024; Adjusted diluted EPS excluding stock comp: $0.28 vs $0.07 in Q1 2024
- Adjusted EBITDA: $4.0M vs $1.7M in Q1 2024
- FY2025 guidance reiterated/updated: revenue $65M to $69M; EPS $1.10 to $1.18; ex-Goldman growth and other exclusions expected 30% to 35% for full-year 2025
- Q2 2025 guidance: revenue $16.2M to $16.9M; EPS $0.23 to $0.28; professional services revenue $8.4M to $8.8M
- Analyst follow-up: expected ex-Goldman growth for the year ~35% (confirmed by management as consistent with prior guidance)
Capital Funding
Strategy & Ops
- Headcount steady; expectation to grow revenues without significant increases in cost
- Multiple implementations in progress and additional new customers expected to go live in coming months
- Platform build cost/income statement impact running at $0.8M in Q1 2025
Market Outlook
- FY2025 ex-Goldman growth and other excluded items: 30% to 35%
- Q2 2025 professional services revenue: $8.4M to $8.8M
- Management expects Goldman run-rate for managed services rates through rest of 2025
Risks & Headwinds
- Deserve sale to Intuit: Deserve expected to be just over 2% of 2025 revenues (with some already recognized in Q1; payment received in May 2025); relationship expected to roll off over time; guidance incorporates it but forward relationship is 'unknown' due to lack of clarity—management took a cautious forecast reduction for this customer
- Largest-customer concentration risk referenced generally by CEO (no new material update provided in Q&A)
- Employee retention risk acknowledged: employees poached by larger >$1B-market-cap acquirers; retention plan used with stock tied to continued employment (and phased logic if acquired by certain large companies)
Sentiment: POSITIVE
Note: This summary was synthesized by AI from the CCRD Q1 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.