Latest news with #NCRVoyix
Yahoo
4 hours ago
- Business
- Yahoo
NCR Voyix to Participate in Upcoming Investor Conferences
ATLANTA, June 03, 2025--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX), a leading global provider of digital commerce solutions, today announced James G. Kelly, Chief Executive Officer, will participate in the following investor conferences: 2025 RBC Capital Markets Financial Technology ConferenceDate: June 10, 2025Location: New York, NYFormat: Company Presentation and Investor MeetingsPresentation Details: 9:20am ET D.A. Davidson Technology & Consumer ConferenceDate: June 11, 2025Location: Nashville, TNFormat: Company Presentation and Investor MeetingsPresentation Details: 8:50am CT Live webcasts and subsequent replays of the presentations will be available on the NCR Voyix investor relations website at About NCR Voyix NCR Voyix Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail and restaurant industries. NCR Voyix transforms retail stores and restaurant systems through experiences with comprehensive, platform-led SaaS and services capabilities. NCR Voyix is headquartered in Atlanta, Georgia, with customers in more than 30 countries across the globe. View source version on Contacts Investor Contact Sarah Jane Media Contact Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Interactive Kiosk Market Forecast Report 2025-2030, with Profiles of NCR Voyix, Diebold Nixdorf, Zebra Technologies, Advantech, Slabb Kiosks, Meridian Kiosks, Embross, Olea Kiosks, Peerless-AV & more
Driven by technological advancements and rising demand across various industries, the interactive kiosk market, valued at $34.26 billion in 2024, is expected to grow at a CAGR of 8.26%. Key players include NCR Voyix, Diebold Nixdorf, and Zebra Technologies. Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "Interactive Kiosk Market: Analysis By Component, By Type, By End-Use Industry, By Region Size and Trends - Forecast up to 2030" has been added to offering. The global interactive kiosk value stood at US$34.26 billion in 2024, and is expected to reach US$54.51 billion by such as the widespread adoption of self-service technology across various industries, the shift towards digital and automated solutions in customer service to reduce operational costs and improve service efficiency, and growing adoption of kiosks among retailers to improve interactivity with consumers through extensive product information display and rising investment by private companies in interactive kiosks have contributed in the growth of the interactive kiosk market is characterized by innovations that integrate advanced technologies such as AI, biometrics, and wireless connectivity to make kiosks more interactive and efficient. In the forthcoming years, technological advancements such as the adoption of artificial intelligence, machine learning, near-field communication (NFC), radio-frequency identification (RFID), and others in security and digital payment solutions are likely to help in the industry expansion and adoption of the interactive kiosks. The market is expected to grow at a CAGR of 8.26% over the projected period of 2025-2030. Market Segmentation Analysis: By Component: The report provides the bifurcation of the global interactive kiosk market into three components namely, Hardware, Software, and Services. The hardware segment held the major share of the global Interactive Kiosk market. The growth of the segment is driven by the growing installation of kiosks in several sectors including entertainment, education and commerce, rising adoption of interactive displays in the retail sector, declining prices of kiosk's display, and increasing number of malls and public outing Type: The global interactive kiosk market can be divided into five segments, on the basis of type, namely, ATM Kiosks, Self-service Kiosks, Vending Kiosks, Check-in Kiosks, and Other types. The ATM kiosks segment held the highest share in the market. Digital transformation initiatives and growing ICT spending are expected to spur the demand for ATMs in the integration of advanced features like interactive teller machines (ITMs) that enable video conferencing with remote tellers, along with capabilities for card-less transactions, loan payments, and extended service hours, has further strengthened this segment's market position. Additionally, financial institutions have been actively upgrading their ATM units to include more complex functions such as currency conversion, bill payments, and even purchasing financial products directly through the End-use Industry: According to end-use Industry, the global interactive kiosk market can be divided into seven segments namely, Retail, BFSI, Airports, Government, Hospitality, Entertainment & Gaming, and Others. The retail segment held the major share, owing to its multiple use cases. Interactive kiosks are being mounted at grocery stores, department stores, specialty retailers, and convenience stores. These retail kiosks provide convenient services to customers, including wayfinding directories, non-stock product ordering, employee info, company information, product lookup, and targeted offers. This benefits customer awareness and provides an enhanced channel for retailers to improve their Region: The report provides insight into the global interactive kiosk market based on regions namely, North America, Europe, Asia Pacific, and ROW. North America is the largest region of global interactive kiosk market, owing to growing adoption of kiosks at airports and increasing demand for vending machines. North America's pioneering role in technological innovation and early adoption of digital solutions significantly contribute to this 2024, the US remained the largest interactive kiosk market within the North America. In the US, interactive kiosk market is primarily driven by the widespread use of interactive kiosks at airports. Moreover, the early adoption of advanced technologies in the region, growing customer demand for personalized services, and increasing investment in kiosks from various industry verticals to enhance customer satisfaction are the significant factors that would encourage the demand for interactive kiosks in the US over the forecasted Pacific is the fastest growing market for Interactive Kiosks, with China leading the way, followed by Japan. Asia Pacific interactive kiosk market is expected to grow significantly during the forecasted period, owing to the rising adoption of kiosk in industries such as railways, retail industry, entertainment, airports and healthcare, favorable government initiatives and programs supporting self-service facilities, high usage of interactive kiosk in the telecommunication sector, escalating number of vending machines, and rising transactions through debit & credit cards. The growing production of kiosks for public information across several industrial sectors in countries such as China, Japan, and South Korea, a major revenue-generating economy, is expected to boost the regional market 2024, China remained the largest Interactive Kiosks market within the Asia Pacific. The Interactive Kiosks System industry in China has been growing strongly over the past few years. This is due to the rise of organized retail, BFSI, tourism, and healthcare industries. Competitive Landscape: The competitive landscape of the interactive kiosk market is marked by a variety of players vying for market share in this rapidly evolving sector. These entities range from established kiosk manufacturers to tech giants and specialized component suppliers. Manufacturers are constantly striving to develop kiosks that offer enhanced features, and ability to offer comprehensive kiosks that cater to the diverse needs of consumers is crucial in gaining a competitive edge in the market. The key players are constantly investing in strategic initiatives, such as new product launch, introducing their products to emerging markets, partnerships and more, to maintain a competitive edge in this market. Key players in the Interactive Kiosk market include: NCR Voyix Diebold Nixdorf Zebra Technologies Corp Advantech Co., Ltd. KIOSK Information Systems Slabb Kiosks Meridian Kiosks Advanced Kiosks Embross Glory Global Solutions (International) Olea Kiosks Inc. Peerless-AV Key Topics Covered: Market Dynamics Drivers Rapid Urbanization Rising Demand for Self-Service Kiosks Across Retail, Entertainment, and BFSI Industry Increasing Demand for Interactive Kiosks at Airports Escalating Preference for Contactless Payments Technological Advancements Challenges High Installation and Maintenance Cost Security Risks Associated with Interactive Kiosks Stringent Government Regulations Market Trends Fast Adoption of Cloud Computing Focus on Inclusivity and Accessibility Initiatives Software Advancements and User Experience Enhancements Integration of Intelligent Personal Assistant and Knowledge Navigator Technology For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
15-05-2025
- Business
- Business Insider
NCR Voyix price target raised to $12 from $9 at Morgan Stanley
Morgan Stanley raised the firm's price target on NCR Voyix (VYX) to $12 from $9 and keeps an Equal Weight rating on the shares after its Q1 earnings beat. The company made progress adding new customers and cross/up-selling existing customers, with important conversions expected to go live in the second half of the year, the analyst tells investors in a research note. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Business Wire
08-05-2025
- Business
- Business Wire
NCR Voyix Reports First Quarter 2025 Results
ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX) ('NCR Voyix' or the 'Company'), a leading global provider of digital commerce solutions, reported financial results today for the three months ended March 31, 2025. First Quarter Financial Highlights Revenue was $617 million compared to $710 million in the prior year period. Net loss from continuing operations attributable to NCR Voyix was $20 million, compared with a net loss of $71 million in the prior year period. Adjusted EBITDA was $75 million compared to $63 million in the prior year period. Diluted EPS from continuing operations was $(0.17); non-GAAP diluted EPS was $0.09. Software & Services Revenue was $479 million compared to $515 million in the prior year period. ARR was $1.62 billion compared to $1.58 billion in the prior year period. Software ARR was $775 million compared to $740 million in the prior year period. 'Our first quarter performance was in line with our expectations despite the softer economic environment and ongoing market volatility,' said James G. Kelly, Chief Executive Officer. 'We signed new customers in both our retail and restaurants segments, expanded key existing relationships and signed customers to the platform, and progressed on the implementation of our payments and hardware ODM agreements.' 2025 Outlook For the full-year 2025, the Company is maintaining the following outlook: 1 Non-GAAP Diluted EPS assumes an effective tax rate of 26% and full-year average diluted shares of 158 million inclusive of as-if converted preferred shares and dilutive options and RSU awards. 2 Adjusted Free Cash Flow-Unrestricted excludes restructuring, transformation, and strategic initiatives cash expenditures, environmental net cash, cash outflow related to accelerated projects, and $284 million of cash taxes related to the sale of Digital Banking. Expand The Company's 2025 outlook assumes gross hardware recognition for the full-year 2025. Upon fully implementing the Company's hardware business transition with Ennoconn later this year, the Company's outlook will be updated to reflect its net hardware commission revenue. At this time, the Company's outlook considers the current estimated impact for the trade tariffs that have been imposed or announced by the U.S. government as well as the offsetting mitigations the Company is undertaking as a result. The Company's outlook assumes foreign currency exchange rates remain consistent with rates as of March 2025. Recent Business Highlights and Additional Information As of March 31, 2025, the Company had more than 77 thousand platform sites and 8 thousand payment sites, an increase of 27% and 7%, respectively, year-over-year. The Company named Nick East as its Chief Product Officer. During the first quarter, the Company completed $62 million of common share repurchases, repurchasing approximately 5 million shares under its share repurchase program. In April 2025, the Company completed an additional $7 million of common share repurchases, repurchasing an additional approximately 1 million shares. On May 6, 2025, the Company's board of directors adopted an amended share repurchase program which increased the total aggregate repurchase authority under the Company's share repurchase program to $200 million and also expanded the program to include the ability to repurchase the Company's Series A preferred stock in addition to common shares. The Company may utilize the amended share repurchase program from time to time to opportunistically repurchase common shares and Series A preferred stock based on varying factors, including stock price, the Company's performance, market conditions and other possible uses of cash. In this release, we use certain non-GAAP measures. These non-GAAP measures include 'Adjusted EBITDA,' 'Adjusted EBITDA Margin,' 'Adjusted Free Cash Flow-Unrestricted,' 'Adjusted Free Cash Flow Conversion,' 'Non-GAAP Diluted EPS,' and others with the words 'non-GAAP' in their titles. These non-GAAP measures are listed, described and reconciled for historic periods to their most directly comparable GAAP measures under the heading 'Non-GAAP Financial Measures' later in this release. With respect to our outlook for full year 2025 for our Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Free Cash Flow-Unrestricted (and the related margin and conversion metrics), we do not provide a reconciliation of the GAAP measure because we are not able to predict with reasonable certainty the reconciling items that may affect the GAAP net income from continuing operations and GAAP cash flow provided by (used in) operating activities without unreasonable effort. The reconciling items are primarily the future impact of special tax items, capital structure transactions, restructuring, pension mark-to-market transactions, acquisitions or divestitures, or other events. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, the GAAP measures. The Company also believes such reconciliations would imply a degree of precision that could be confusing or misleading to investors. Earnings Conference Call NCR Voyix management will host a conference call and webcast today at 8:00 a.m. Eastern Time to discuss the Company's results for the first quarter. Access to the webcast and the accompanying slides are available on the Investor Relations section of the Company's website at Participants may access the live call by dialing (877) 407-3088 (United States/Canada Toll-free) or +1 (201) 389-0927 (International Toll) and requesting to be connected to the conference call. A replay of the audio webcast will be archived on the Company's website following the live event. More information on the Company's first quarter 2025 earnings results is available on the NCR Voyix Investor Relations section of the Company's website at About NCR Voyix NCR Voyix Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail and restaurant industries. NCR Voyix transforms retail stores and restaurant systems through experiences with comprehensive, platform-led SaaS and services capabilities. NCR Voyix is headquartered in Atlanta, Georgia, with customers in more than 30 countries across the globe. For more information, visit Cautionary Statements This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the 'Act'). Forward-looking statements use words such as 'expect,' 'target,' 'anticipate,' 'outlook,' 'guidance,' 'intend,' 'plan,' 'confident,' 'believe,' 'will,' 'should,' 'would,' 'potential,' 'positioning,' 'proposed,' 'planned,' 'objective,' 'likely,' 'could,' 'may,' and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to the Company's plans, targets, goals, intentions, strategies, prospects, or financial outlook, including modeling considerations, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements in this release include, but are not limited to, statements regarding: our expectations regarding our fiscal 2025 performance outlook, our capital allocation plans and priorities, our expectations regarding the Hardware Business Transition with Ennoconn, the impact of tariffs and changes in global trade and the Company's ability to mitigate any such impact, our expectations regarding our share repurchase program, and our expectations regarding other strategic initiatives and our growth strategies. Forward-looking statements are not guarantees of future performance, are subject to assumptions, risks and uncertainties and there are a number of important factors that could cause actual outcomes and results to differ materially from those contemplated by such forward-looking statements. The factors that could cause the Company's actual results to differ materially include, among others, the following: our ability to successfully execute our growth strategy; our ability to successfully develop new solutions that achieve market acceptance and keep pace with technological developments; our ability to maintain a consistently high level of customer service; our ability to achieve some or all of the expected benefits of our cost reduction initiatives; the success of our strategic relationships with third parties and our ability to integrate with third-party applications and software; risks related to tariffs, sanctions and trade barriers, and the related impact on macroeconomic conditions; the failure of our acquisitions, divestitures and other strategic transactions or future acquisitions to produce anticipated results; our ability to realize the anticipated cost savings or other benefits related to the Hardware Business Transition with Ennoconn on a timely basis or at all; our ability to perform under our agreements with NCR Atleos; potential indemnification obligations to NCR Atleos or a refusal of NCR Atleos to indemnify us pursuant to agreements executed in the spin-off; our ability to protect our systems and data from cybersecurity threats or other technological risks; risks related to evolving global laws and regulations relating to data privacy, data protection and information security; our ability to protect our intellectual property; extensive competition in our markets; disruptions in our data center hosting and public cloud facilities; risks related to defects, errors, installation difficulties or development delays; the failure of our artificial intelligence capabilities to operate as anticipated; our ability to maintain and update our information technology systems; changes in U.S. or foreign trade policies and domestic and global economic and credit conditions; our ability to retain key employees, or to recruit, develop and retain qualified employees; the inability of third party suppliers to fulfill our needs; risks related to our level or indebtedness; our ability to continue to access or renew financing sources and obtain capital; our failure to maintain effective internal control over financial reporting; and other factors included in 'Item 1A-Risk Factors' of our most recent Annual Report on Form 10-K and in other documents that we file with the U.S. Securities and Exchange Commission ('SEC'), which are available at Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and should not be relied upon as representing our plans and expectations as of any subsequent date. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Non-GAAP Financial Measures Non-GAAP Financial Measures. While the Company reports its results in accordance with Generally Accepted Accounting Principles in the United States, or GAAP, in this release the Company also uses the non-GAAP measures listed and described below. The Company's definitions and calculations of these non-GAAP measures may differ from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. These non-GAAP measures should not be considered as substitutes for, or superior to, results determined in accordance with GAAP. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA margin. The Company determines Adjusted EBITDA for a given period based on its GAAP net income from continuing operations attributable to NCR Voyix plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization (excluding acquisition-related amortization of intangibles); plus stock-based compensation expense; plus pension mark-to-market adjustments and other special items, including amortization of acquisition-related intangibles, acquisition-related costs, loss (gain) on disposal of businesses, separation-related costs, cyber ransomware incident recovery costs (net of insurance recoveries), fraudulent ACH disbursements costs net of recoveries, foreign currency devaluation, transformation and restructuring charges (which includes integration, severance and other exit and disposal costs), and strategic initiative costs, among others. Separation-related costs include costs incurred as a result of the spin-off. The Company also uses Adjusted EBITDA margin, which is calculated based on Adjusted EBITDA as a percentage of total revenue. The Company uses Adjusted EBITDA and Adjusted EBITDA margin to evaluate and measure the ongoing performance of its business segments. The Company also uses Adjusted EBITDA and Adjusted EBITDA margin to manage and determine the effectiveness of its business managers and as a basis for incentive compensation. The Company believes that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors because they are indicators of the strength and performance of the Company's ongoing business operations, including its ability to fund discretionary spending such as capital expenditures, strategic acquisitions and other investments. Adjusted EBITDA and Adjusted EBITDA margin should not be considered as substitutes for, or superior to, net income from continuing operations attributable to NCR Voyix or net profit margin, respectively, under GAAP. Non-GAAP Diluted Earnings Per Share (EPS). The Company determines Non-GAAP Diluted EPS by excluding, as applicable, pension mark-to-market adjustments, pension settlements, pension curtailments and pension special termination benefits, as well as other special items, including amortization of acquisition related intangibles, stock-based compensation expense, separation-related costs, cyber ransomware incident recovery costs net of recoveries, fraudulent ACH disbursements costs net of recoveries, strategic initiative costs, foreign currency devaluation costs, gains or losses related to the disposal of businesses, and transformation and restructuring activities, from the Company's GAAP earnings per share. Due to the non-operational nature of these pension and other special items, the Company's management uses these non-GAAP measures to evaluate year-over-year operating performance. The Company believes this measure is useful for investors because it provides a more complete understanding of the Company's underlying operational performance, as well as consistency and comparability with the Company's past reports of financial results. Adjusted free cash flow-unrestricted and adjusted free cash flow conversion. NCR Voyix management uses the non-GAAP measure called 'adjusted free cash flow-unrestricted' and 'adjusted free cash flow conversion' to assess the financial performance of the Company. We define adjusted free cash flow-unrestricted as net cash provided by (used in) operating activities less capital expenditures for property, plant and equipment, less additions to capitalized software, plus/minus collections of previously sold trade receivables purchased from third parties, restricted cash settlement activity, cash activity related to acceleration projects, cash taxes paid for the Digital Banking Sale, cash activity related to environmental discontinued operations plus acquisition-related items, and plus pension contributions and settlements. Adjusted free cash flow conversion is defined as adjusted free cash flow-unrestricted divided by Adjusted EBITDA. We believe adjusted free cash flow-unrestricted and adjusted free cash flow conversion provide useful information to investors because they relate the operating cash flows from the Company's continuing and discontinued operations to the capital that is spent to continue and improve business operations. In particular, adjusted free cash flow-unrestricted indicates the amount of cash available after capital expenditures for, among other things, investments in the Company's existing businesses, strategic acquisitions, and repayment of debt obligations. Adjusted free cash flow-unrestricted does not represent the residual cash flow available for discretionary expenditures, since there may be other non-discretionary expenditures that are not deducted from the measure. Adjusted free cash flow-unrestricted and adjusted free cash flow conversion do not have a uniform definitions under GAAP, and therefore the Company's definitions may differ from other companies' definitions of these measures. These non-GAAP measures should not be considered a substitute for, or superior to, cash flows from operating activities under GAAP or other GAAP measures. Use of Certain Terms The term 'recurring revenue' includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. NCR Voyix's management considers recurring revenue, and the other metrics derived therefrom, to be an important indicator of the predictability of revenue and part of our strategic plan. The term 'annual recurring revenue' or 'ARR' is recurring revenue, excluding software licenses (SWL) sold as a subscription, for the last three months times four. In addition, plus the rolling four quarters of term-based SWL arrangements that include customer termination rights. The term 'Software ARR' includes recurring software license revenue, software maintenance revenue, SaaS revenue, standalone hosted contract revenue, professional services recurring revenue and payments revenue. The term 'Software & Services Revenue' includes all software, services and payments revenue and excludes hardware revenue. The term 'platform sites' includes all sites for which we bill for use of our Commerce platform. The term 'payment sites' includes all sites which utilizes NCR Voyix's payment processing capabilities. Reconciliation of Diluted Earnings Per Share from Continuing Operations (GAAP) to Non-GAAP Diluted Earnings Per Share from Continuing Operations (Non-GAAP) Q1 2025 QTD Q1 2024 QTD Diluted Earnings Per Share from Continuing Operations (GAAP) (1) $ (0.17 ) $ (0.52 ) Acquisition-related amortization of intangibles 0.03 0.04 Stock-based compensation expense 0.07 0.07 Transformation and restructuring costs 0.08 0.12 Separation costs — 0.02 Loss (gain) on disposal of businesses — (0.04 ) Foreign currency devaluation — 0.08 Fraudulent ACH disbursements — (0.01 ) Strategic initiatives 0.03 — Non-GAAP Diluted EPS (1) $ 0.09 $ (0.15 ) (1) Non-GAAP diluted EPS is determined using the conversion of the Series A Convertible Preferred Stock into common stock in the calculation of weighted average diluted shares outstanding. GAAP EPS is determined using the most dilutive measure, either including the impact of dividends or deemed dividends on the Company's Series A Convertible Preferred Stock in the calculation of net income or loss available to common stockholders or including the impact of the conversion of the Series A Convertible Preferred Stock into common stock in the calculation of the weighted average diluted shares outstanding. Therefore, GAAP diluted EPS and non-GAAP diluted EPS may not mathematically reconcile. Expand $ in millions Q1 2025 QTD Q1 2025 QTD Non-GAAP Q1 2024 QTD Q1 2024 QTD Non-GAAP Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ (20 ) $ 14 $ (71 ) $ (24 ) Dividends on convertible preferred shares (4 ) — (4 ) — Income (loss) from continuing operations attributable to NCR Voyix common stockholders $ (24 ) $ 14 $ (75 ) $ (24 ) Weighted average outstanding shares: Weighted average diluted shares outstanding 139.9 142.1 143.5 146.8 Weighted as-if converted preferred shares — 15.9 — 15.9 Total shares used in diluted earnings per share 139.9 158.0 143.5 162.7 Diluted earnings per share from continuing operations $ (0.17 ) $ 0.09 $ (0.52 ) $ (0.15 ) Expand Q1 2025 QTD Q1 2024 QTD Income (loss) from continuing operations (attributable to NCR Voyix) $ (20 ) $ (71 ) Transformation and restructuring costs 13 20 Fraudulent ACH disbursements — (1 ) Loss (gain) on disposal of businesses — (6 ) Strategic initiatives 5 — Stock-based compensation expense 11 11 Acquisition-related amortization of intangibles 5 6 Separation costs — 4 Foreign currency devaluation — 13 Non-GAAP income (loss) from continuing operations (attributable to NCR Voyix) $ 14 $ (24 ) Expand NCR VOYIX CORPORATION (Unaudited) (in millions, except per share amounts) Schedule A For the Period Ended March 31 Three Months 2025 2024 Revenue Product $ 153 $ 221 Service 464 489 Total Revenue 617 710 Cost of products 146 187 Cost of services 336 385 Total gross margin 135 138 % of Revenue 21.9 % 19.4 % Selling, general and administrative expenses 115 110 Research and development expenses 40 47 Income (loss) from operations (20 ) (19 ) % of Revenue (3.2 )% (2.7 )% Interest expense (15 ) (39 ) Other income (expense), net 8 (18 ) Total interest and other expense, net (7 ) (57 ) Income (loss) from continuing operations before income taxes (27 ) (76 ) % of Revenue (4.4 )% (10.7 )% Income tax expense (benefit) (7 ) (5 ) Income (loss) from continuing operations (20 ) (71 ) Income (loss) from discontinued operations, net of tax 3 30 Net income (loss) (17 ) (41 ) Net income (loss) attributable to noncontrolling interests — — Net income (loss) attributable to noncontrolling interests of discontinued operations — (1 ) Net income (loss) attributable to NCR Voyix $ (17 ) $ (40 ) Amounts attributable to NCR Voyix common stockholders: Income (loss) from continuing operations $ (20 ) $ (71 ) Dividends on convertible preferred stock (4 ) (4 ) Income (loss) from continuing operations attributable to NCR Voyix common stockholders (24 ) (75 ) Income (loss) from discontinued operations, net of tax 3 31 Net income (loss) attributable to NCR Voyix common stockholders $ (21 ) $ (44 ) Income (loss) per share attributable to NCR Voyix common stockholders: Basic $ (0.17 ) $ (0.52 ) Diluted (1) $ (0.17 ) $ (0.52 ) Net income (loss) per common share Basic $ (0.15 ) $ (0.31 ) Diluted (1) $ (0.15 ) $ (0.31 ) Weighted average common shares outstanding Basic 139.9 143.5 Diluted (1) 139.9 143.5 (1) Diluted EPS is determined using the most dilutive measure, either including the impact of the dividends and deemed dividends on the Company's Series A Convertible Preferred Shares in the calculation of net income or loss per common share from continuing operations and net income or loss per common share or including the impact of the conversion of such preferred stock into common stock in the calculation of the weighted average diluted shares outstanding. Expand NCR VOYIX CORPORATION REVENUE AND ADJUSTED EBITDA SUMMARY (Unaudited) (in millions) Schedule B For the Period Ended March 31 Three Months 2025 2024 % Change Revenue by segment Retail $ 420 $ 491 (14 )% Restaurants 191 202 (5 )% Total segment revenue $ 611 $ 693 Corporate and Other (1) 6 17 (65 )% Total revenue $ 617 $ 710 (13 )% Adjusted EBITDA by segment Retail $ 65 $ 86 (24 )% Retail Adjusted EBITDA margin % 15.5 % 17.5 % Restaurants 59 55 7 % Restaurants Adjusted EBITDA margin % 30.9 % 27.2 % Segment Adjusted EBITDA $ 124 $ 141 (12 )% Segment Adjusted EBITDA margin % 20.3 % 20.3 % Corporate and Other (1) (49 ) (78 ) (37 )% Total Adjusted EBITDA $ 75 $ 63 19 % Total Adjusted EBITDA margin % 12.2 % 8.9 % (1) Corporate and Other includes income and expenses related to corporate functions that are not specifically attributable to any of our two individual reportable segments along with certain non-strategic businesses that are considered immaterial operating segment(s), as well as commercial agreements with NCR Atleos. Expand NCR VOYIX CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions, except per share amounts) Schedule C In millions, except per share amounts December 31, 2024 Assets Current assets Cash and cash equivalents $ 573 $ 722 Accounts receivable, net of allowances of $26 and $26 as of March 31, 2025 and December 31, 2023, respectively 567 532 Inventories 218 208 Restricted cash 32 31 Prepaid and other current assets 179 166 Current assets of discontinued operations — 12 Total current assets 1,569 1,671 Property, plant and equipment, net 188 192 Goodwill 1,519 1,516 Intangibles, net 89 94 Operating lease assets 221 229 Prepaid pension cost 49 47 Deferred income taxes 196 189 Other assets 505 514 Total assets $ 4,336 $ 4,452 Liabilities and stockholders' equity (deficit) Current liabilities Accounts payable $ 325 $ 324 Payroll and benefits liabilities 93 104 Contract liabilities 225 209 Settlement liabilities 47 47 Other current liabilities 716 724 Current liabilities of discontinued operations — 12 Total current liabilities 1,406 1,420 Long-term debt 1,099 1,098 Pension and indemnity plan liabilities 150 144 Postretirement and postemployment benefits liabilities 41 41 Income tax accruals 49 52 Operating lease liabilities 241 248 Other liabilities 217 241 Noncurrent liabilities of discontinued operations — 1 Total liabilities 3,203 3,245 Commitments and Contingencies (Note 11) Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of March 31, 2025 and December 31, 2024; redemption amount and liquidation preference of $276 as of March 31, 2025 and December 31, 2024 276 276 Stockholders' equity (deficit) NCR Voyix stockholders' equity (deficit) Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively — — Common stock: par value $0.01 per share, 500.0 shares authorized, 138.2 and 142.1 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1 1 Paid-in capital 809 866 Retained earnings (deficit) 496 535 Accumulated other comprehensive loss (449 ) (469 ) Total NCR Voyix stockholders' equity (deficit) 857 933 Noncontrolling interests in subsidiaries — (2 ) Total stockholders' equity (deficit) 857 931 Total liabilities and stockholders' equity (deficit) $ 4,336 $ 4,452 Expand NCR VOYIX CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in millions) In millions Three months ended March 31 2025 2024 Operating activities Net income (loss) $ (17 ) $ (41 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 60 81 Stock-based compensation expense 9 13 Deferred income taxes (6 ) 6 Loss (gain) on divestiture — (7 ) Changes in assets and liabilities: Receivables (31 ) 17 Inventories (14 ) — Current payables and accrued expenses (30 ) (61 ) Contract liabilities 9 61 Employee benefit plans 8 (3 ) Other assets and liabilities (30 ) (101 ) Net cash provided by (used in) operating activities $ (42 ) $ (35 ) Investing activities Expenditures for property, plant and equipment $ (8 ) $ (8 ) Additions to capitalized software (31 ) (53 ) Proceeds from divestiture, net — 7 Collections on purchased trade receivables 4 — Net cash provided by (used in) investing activities $ (35 ) $ (54 ) Financing activities Payments on term credit facilities — (4 ) Payments on revolving credit facilities (7 ) (122 ) Borrowings on revolving credit facilities 7 220 Cash dividend paid for Series A preferred shares dividends (4 ) (4 ) Repurchases of common stock (62 ) — Proceeds from employee stock plans 2 — Tax withholding payments on behalf of employees (6 ) (8 ) Principal payments for finance lease obligations (4 ) (2 ) Net cash provided by (used in) financing activities $ (74 ) $ 80 Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 (7 ) Increase (decrease) in cash, cash equivalents, and restricted cash $ (150 ) $ (16 ) Cash, cash equivalents and restricted cash at beginning of period 758 285 Cash, cash equivalents, and restricted cash at end of period $ 608 $ 269 Expand
Yahoo
29-04-2025
- Business
- Yahoo
Morrisons to enhance checkout experience with NCR Voyix
British supermarket chain Morrisons has chosen NCR Voyix commerce platform to upgrade its point-of-sale (POS) systems to enhance shopping experience for its customers. The move will see the implementation of new POS technology across 13,000 checkout lanes in almost 500 stores under a five-year agreement. The initiative signifies Morrisons' shift away from outdated POS systems towards more streamlined and scaleable solutions. Continual support for the upgraded software will be delivered through the NCR Voyix Managed Service, which includes advanced service desk features. The partnership extension entails Morrisons adopting a modern software-as-a-service (SaaS) framework maintained by NCR Voyix Edge, which is expected to improve customer interactions and facilitate swift integration of updates and new functionalities. The platform's NCR Voyix Insights component will furnish Morrisons with real-time data and analytics to inform better strategic decisions. Morrisons group retail director Martin Dawson stated: "We are very pleased to have chosen NCR Voyix as our commerce solutions and services partner to help us further improve our retail technology as we seek to operate with greater agility and efficiency for the benefit of our customers now and well into the future." NCR Voyix's platform will enable Morrisons to introduce novel digital experiences that are personalised for their customers. The infrastructure provided by NCR Voyix Edge equips Morrisons to operate their physical stores with the same efficiency as their digital platforms while catering to the specific needs of a dynamic retail IT landscape. The introduction of NCR Voyix's next-generation self-checkout will decrease waiting times and improve overall customer satisfaction. NCR Voyix retail and payment president Darren Wilson stated: 'Technology evolves at lightning speed, and older, legacy solutions make it difficult for retailers to progress at the pace required to effectively compete. 'We are delighted Morrisons has chosen NCR Voyix's interconnected retail solutions to help their entire supermarket portfolio by elevating store performance along with the customer and employee experience.' In March 2025, Morrisons reported that its total sales for the first quarter of the fiscal year 2024/25 rose 2.4%, bringing the figure to £4bn ($5.1bn). "Morrisons to enhance checkout experience with NCR Voyix" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
