CoreCard Corporation
24.32-0.67 (-2.68%)
Oct 29, 4:00:02 PM EDT · NYSE · CCRD · USD
Key Stats
Market Cap
189.51MP/E (TTM)
24.57Basic EPS (TTM)
0.99Dividend Yield
0%Recent Filings
8-K
CoreCard merger approved
CoreCard Corporation's stockholders overwhelmingly approved the merger with Euronet Worldwide on October 28, 2025, with 5.6 million votes in favor against just 38,000 opposed. The deal, announced July 30, positions CoreCard as Euronet's subsidiary, delisting its NYSE shares. Closing is targeted for October 30, pending customary conditions. Yet risks like termination fees loom if hurdles arise.
8-K
Retention program cancelled pre-merger
CoreCard Corporation's board cancelled its employee retention program on September 3, 2025, effective upon the pending merger with Euronet Worldwide, Inc., whose market cap exceeds $1 billion. The program, aimed at long-tenured staff including the CEO and CFO, promised cash payments tied to 2024 base salaries versus vesting restricted stock value by December 31, 2028. Cancellation hinges on merger closing, subject to shareholder approval and customary conditions. Merger risks could derail this move.
10-Q
Q2 FY2025 results
CoreCard's Q2 revenue climbed 28% year-over-year to $17.6M, fueled by professional services and processing gains, while gross margins expanded to 45% from 34% amid higher-margin work from top client Goldman Sachs. Operating income surged 132% to $2.7M, with diluted EPS at $0.24 on 8.1M shares, reconciling neatly to net income of $2.0M. Cash swelled to $26.6M after $10.7M from operations minus $3.1M capex, yielding $7.6M free cash flow (derived); no debt weighs on the balance sheet. A proposed all-stock merger with Euronet, valuing CoreCard at ~$248M or $30/share, awaits shareholder nod and HSR clearance by early 2026. Yet customer concentration lingers as a drag.
8-K
CoreCard Q2 revenues surge 27%
CoreCard Corporation reported Q2 2025 revenues of $17.6 million, up 27% from $13.8 million in Q2 2024, driven by professional services surging to $9.4 million from $7.0 million. Operating income climbed to $2.7 million versus $1.1 million last year, yielding net income of $2.0 million or $0.24 per diluted share. Amid its pending acquisition by Euronet, announced July 30, 2025, and expected to close late 2025 pending approvals, CoreCard skipped the earnings call. Merger risks loom large, including integration delays.
8-K
CoreCard merges with Euronet
CoreCard Corporation announced a merger agreement on July 30, 2025, with Euronet Worldwide, Inc., under which Euronet's subsidiary will acquire CoreCard in a stock-for-stock deal valuing it at $248 million, or $30 per share, via an exchange ratio of 0.2783 to 0.3142 Euronet shares. This move bolsters Euronet's digital payments strategy by integrating CoreCard's modern credit card platform, targeting U.S. expansion and global reach for clients like Goldman Sachs. The deal awaits shareholder approval and HSR clearance, eyeing a late 2025 close. Yet integration risks loom large.
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