SC 13D/A - XBP Europe Holdings, Inc. (0001839530) (Subject)
SC 13D/A - XBP Europe Holdings, Inc. (0001839530) (Subject)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
10-Q - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
10-Q - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
10-Q - XBP Europe Holdings, Inc. (0001839530) (Filer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
The new $48 million1 financing agreement consists of: (i) a $4 million Term Loan A facility ("Term Loan A"), (ii) an $11 million Term Loan B facility ("Term Loan B" and, together with Term Loan A, the "Term Loans"), and (iii) a $15 million multicurrency revolving credit facility (the "Revolving Credit Facility"), all at an applicable reference rate plus 3.25%, plus an accordion feature for up to an additional $18 million. The Term Loans have a maturity of four years post completion, while the Revolving Credit Facility has a maturity of three years with an option to extend up to an additional year at HSBC's discretion. The availability of the accordion is subject to HSBC's discretion.
XBP Europe Holdings (NASDAQ:XBP) reported quarterly losses of $(0.07) per share. This is a 36.36 percent increase over losses of $(0.11) per share from the same period last year. The company reported $40.28 million in sales this quarter. This is a 5.83 percent decrease over sales of $42.78 million the same period last year.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Monday. The Dow traded up 0.35% to 38,811.58 while the NASDAQ rose 0.95% to 16,309.74. The S&P 500 also rose, gaining, 0.82% to 5,169.93. Leading and Lagging SectorsEnergy shares rose by 1.5% on Monday. In trading on Friday, consumer staples shares fell by 0.4%. Top Headline Shares of Spirit Airlines, Inc. (NYSE:SAVE) fell sharply during Monday’s session after reporting first-quarter results. Spirit Airlines reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday. The Dow traded up 0.18% to 38,744.60 while the NASDAQ rose 0.69% to 16,267.82. The S&P 500 also rose, gaining, 0.61% to 5,158.84. Check This Out: Wall Street’s Most Accurate Analysts’ Views On 3 Tech & Telecom Stocks Delivering High-Dividend Yields Leading and Lagging SectorsEnergy shares rose by 1.5% on Monday. In trading on Friday, consumer staples shares fell by 0.4%. Top Headline Shares of TreeHouse Foods, Inc. (NYSE:THS) fell around 9% on Monday after the company reported mixed first-quarter financial results. The company reported a first-quarter FY24
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday. The Dow traded up 0.25% to 38,772.28 while the NASDAQ rose 0.64% to 16,260.19. The S&P 500 also rose, gaining, 0.59% to 5,157.96. Check This Out: Wall Street’s Most Accurate Analysts’ Views On 3 Tech & Telecom Stocks Delivering High-Dividend Yields Leading and Lagging SectorsEnergy shares rose by 1.5% on Monday. In trading on Friday, consumer staples shares fell by 0.4%. Top Headline Tyson Foods Inc (NYSE:TSN) reported weaker-than-expected sales for its second quarter. The company posted a second-quarter FY24 sales decline of 0.46% year-on-year to $13.072 billion, mi
XBP Europe Holdings Inc (NASDAQ:XBP) shares are trading higher by 58% to $2.07 during Thursday’s session after the company announced it was awarded a $40 million multi-year contract for a nationwide transformation project for His Majesty’s Passport Office. XBP says the initiative aims to digitize historical documents dating back to 1837 for the General Register Office (GRO) in the United Kingdom. XBP plans to utilize its AI-led IDP platform and Global Centre of Excellence to address these challenges and facilitate the digitization process. CEO Andrej Jonovic expressed XBP Europe’s commitment to supporting HMPO’s objectives and transformation delivery program. The project is scheduled t
Third Quarter Highlights Revenue of $35.4 million, decrease of 5.6% year-over-year and increase of 5.5% sequentiallyGross margin increased to 32.6%, a 800 bps increase year-over-year and 1,300 bps increase sequentiallyOperating profit of $2.5 million, an increase of $2.2 million year-over-year and $3.8 million sequentiallyNet loss of $2.8 million includes $0.7 million of FX losses, a decrease of $0.1 million year-over-year and $2.0 million sequentiallyAdjusted EBITDA from continuing operations of $4.8 million, an increase of $2.6 million year-over-year and $3.6 million sequentiallyAnnounced plans to divest on-demand printing operation LONDON and SANTA MONICA, Calif.
IRVING, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Reaktr, the global business unit of Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP)), XBP Europe ("XBP") (NASDAQ:XBP, XBPEW)), and a member of the Oracle Partner Network (OPN), today announced the availability of SecAi on Oracle Cloud Infrastructure (OCI) and in the Oracle Cloud Marketplace. A pivotal component of Reaktr's innovative AI cybersecurity suite, SecAi provides enterprises with a fully configurable generative AI validation framework that supports 120+ large language models (LLMs). Enterprises can now validate components, including training data, LLMs of choice, enterprise integrations, and responsible int
Second Quarter Highlights ● Revenue of $36.1 million, down 14.8% year-over-year (14.2% on a constant currency basis)● Gross margin declined to 18.4%, a 630 bps decrease sequentially and 920 bps decrease year-over-year● Net loss of $4.7 million includes $0.7 million of FX losses ● Active revenue ramp of approximately $25 million in ACV (Annual Contract Value)● Completed a comprehensive financing transaction with HSBC to provide up to $33 million of incremental liquidity LONDON and SANTA MONICA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. ("XBP Europe" or the "Company") (NASDAQ:XBP), a pan-European integrator of bills, payments, and related solut
Transaction Refinances Existing Indebtedness and Secures Incremental Liquidity to Fund Growth Financing includes $30 million committed and $18 million accordion feature LONDON, United Kingdom and SANTA MONICA, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. ("XBP Europe" or the "Company") (NASDAQ:XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced that certain of the Company's subsidiaries have entered into a comprehensive financing agreement with HSBC UK Bank plc ("HSBC"). The new agreement refinances the Company's UK subsidiary's existing indebtedness
First Quarter Highlights ● Revenue of $40.4 million, down 5.7% year-over-year (7.3% on a constant currency basis)● Gross margin grew to 24.6%, a 270 bps increase sequentially and 250 bps increase year-over-year● Net loss of $2.2 million includes $0.8 million of FX losses ● High margin Technology segment grew to 28.4% of revenues, a 120 bps increase sequentially and 690 bps increase year-over-year● Awarded a multi-year contract with His Majesty's Passport Office ("HMPO") for a nationwide project in the UK with a Total Contract Value ("TCV") of approximately $40 million LONDON and SANTA MONICA, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. ("XBP Europe" or t
NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- XBP Europe ("XBP Europe" or the "Company") (NASDAQ:XBP), today announced that the Company has been selected by His Majesty's Passport Office ("HMPO") as its technology and services partner on a nationwide project, which aims to make documents dating back to 1837 digitally available to the General Register Office ("GRO"). This multi-year contract in the UK has an approximate total contract value of $40 million. A duty to the publicThe GRO, part of HMPO, maintains the national archive of births, marriages and deaths for England and Wales. This project is one strand of a wider transformation program for GRO to update its systems and services. With
Full Year Highlights 2023 revenue of $166.6 million, down 7.7% year-over-year (8.4% on a constant currency basis)Net loss of $11.0 million includes restructuring charges of $6.7 million and transaction fees of $3.0 millionHigh margin Technology segment grows year-over-year to 27% of total revenue in 2023 compared to 24% in 2022Gross margin at 23%, which is inclusive of the restructuring chargesWon a ~$48 million TCV contract in 2023, the largest contract win of the past five yearsWon ~$58 million of ACV in 2023 and expanded solutions launching Reaktr.ai and XBP Omnidirect LONDON and SANTA MONICA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. ("XBP" or the "