TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
XBP Europe Holdings ( (XBP) ) just unveiled an announcement.
XBP Europe Holdings, Inc. reported third-quarter 2024 results with a revenue of $35.4 million, showing a slight year-over-year decline but sequential growth. The company’s operating profit surged to $2.5 million, driven by increased gross margins, while adjusted EBITDA rose significantly. Despite a net loss of $2.8 million, the company is optimistic about future improvements due to its technological expansion and cost optimization efforts, as well as opportunities from the UK government’s G-cloud 14 framework.
Learn more about XBP stock on TipRanks’ Stock Analysis page.