Mon, Mar 3, 9:48 PM (13 days ago)
**NCR Atleos Corporation (NATL) Summary** For the fiscal year ending December 31, 2024, NCR Atleos Corporation reported total revenues of $4,317 million, reflecting a 3% increase from $4,191 million in 2023. Service revenue grew by 5%, driven by recurring revenue streams, while product revenue decreased by 3% primarily due to shifts towards ATM as a Service (ATMaaS) and declines in non-core commerce revenues. The company achieved a net income of $91 million, a significant turnaround from a loss of $134 million in 2023. Adjusted EBITDA rose by 7% to $781 million, demonstrating improved operational efficiency. Atleos is transitioning to a software-led model, focusing on enhancing its ATMaaS offerings and expanding its market footprint, particularly in self-service banking. The company is also navigating macroeconomic challenges, including rising interest rates and geopolitical tensions. Key risks include reliance on third-party suppliers, fluctuations in foreign exchange rates, and potential impacts from regulatory changes. The company ended 2024 with total debt of $2,994 million and cash reserves of $419 million, indicating a solid liquidity position to support ongoing operations and growth initiatives.