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Corecard Corporation confronted contraction in eps, following Revenue elevation in the financial third quarter of 2022, net profit per share plummeted by -44.83 % to $0.16 per share, while Revenue increased in double digits by 11.712 % to $
14.45 millions, from the comparable reporting season a year before.
From the preceding reporting season, profit plummeted by -51.52 % from $0.33 per share and Revenue decreased by -4.972 % from $15.21 millions.
As the company helps corporate clients to prosper, and grow, CCRD is on the quest for the opportunities and spreading respective market share.
Net profits of $1.359 millions in the financial third quarter of 2022 fell by -46.37 % from $2.534 millions in the corresponding period a year before. Corecard Corporation shifted it's focus on improving sales in the financial third quarter of 2022, as a result net margin eased to 9.4%.
Operating earnings, fell -48.53% to $1.703 millions, squeezing Corecard Corporation's operating margin to %.
Corecard Corporation is expected to report next financial results on March 02, 2023.