Thu, May 8, 12:03 PM (8 days ago)
**NCR Voyix Corporation (VYX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $617 million, down 13% YoY. - **Product Revenue:** $153 million, down 31% YoY. - **Service Revenue:** $464 million, down 5% YoY. - **Gross Margin:** 21.9% of revenue, up from 19.4% YoY. - **Operating Loss:** $20 million, slightly improved from $19 million YoY. - **Net Loss:** $17 million, improved from $41 million YoY. - **Cash Flow:** Negative $42 million from operations, worse than negative $35 million YoY. **Profit Margins & Cash Flow:** - **Gross Margin:** 21.9% of revenue, up from 19.4% YoY. - **Operating Margin:** -3.2% of revenue, improved from -2.7% YoY. - **Net Margin:** -2.8% of revenue, improved from -5.8% YoY. - **Cash Flow from Operations:** Negative $42 million, worse than negative $35 million YoY. **Earnings Changes & Quarterly Performance:** - **EPS:** Negative $0.15, improved from negative $0.31 YoY. - **Adjusted EBITDA:** $75 million, up 19% YoY. **Trends & Uncertainties:** - **Revenue Trends:** Decline in hardware and software license revenues, offset by growth in recurring revenue. - **Cost Trends:** Increased selling, general, and administrative expenses due to strategic initiatives. - **Uncertainties:** Macroeconomic pressures, geopolitical risks, and potential impacts from tariffs and trade policies. **Future Operations Impact:** - **Strategic Initiatives:** Focus on recurring revenue, innovation, and cost discipline. - **Hardware Business Transition:** Expected to become effective in 2025, shifting to an outsourced design and manufacturing model. - **Cybersecurity:** Ongoing costs related to the April 2023 ransomware incident. - **ACH Disbursements:** Recovery of fraudulent disbursements and pursuit of insurance recoveries.