NCR Voyix Reports 2024 Financial Results and Strategic Updates

Ncr Voyix Corporation ( (VYX) ) has released its Q4 earnings. Here is a breakdown of the information Ncr Voyix Corporation presented to its investors.

NCR Voyix Corporation, headquartered in Atlanta, Georgia, is a prominent global provider of digital commerce solutions, primarily serving the retail and restaurant sectors with its platform-led SaaS and services capabilities.

NCR Voyix Corporation reported its financial results for the fourth quarter and full year of 2024, highlighting a decrease in revenue but improvements in adjusted EBITDA. The company continues to focus on its transformation initiatives, including the sale of its Digital Banking segment and enhancements to its cost structure.

In the fourth quarter of 2024, NCR Voyix reported a revenue of $682 million, down from $796 million in the same period the previous year. Despite the revenue decline, the company reduced its net loss from continuing operations to $9 million, a significant improvement from the $272 million loss reported in the prior year. Adjusted EBITDA for the quarter rose to $114 million from $65 million, indicating stronger operational performance. For the full year, revenue fell to $2.8 billion from $3.2 billion, while the net loss from continuing operations narrowed to $202 million from $729 million. Adjusted EBITDA for the year increased slightly to $347 million from $337 million.

The company also announced strategic leadership changes, with James G. Kelly appointed as President and CEO, and Darren Wilson named Executive Vice President and President of Retail and Payments. Additionally, NCR Voyix completed a $100 million share repurchase, buying back 7.3 million shares.

Looking ahead, NCR Voyix projects total revenue for 2025 to be between $2.575 billion and $2.650 billion, with adjusted EBITDA expected to range from $420 million to $445 million. The company remains focused on expanding its market share and meeting customer needs as it continues its strategic transformation.