Xbp europe holdings, inc. reports first quarter 2024 results

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 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, announced today its financial results for the first quarter ended march 31, 2024.
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