CSG Systems Files 8-K on Financial Results & Condition
Ticker: CSGS · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1005757
| Field | Detail |
|---|---|
| Company | Csg Systems International INC (CSGS) |
| Form Type | 8-K |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-condition, 8-K
TL;DR
**CSGS just dropped an 8-K on financial results, get ready for potential stock movement.**
AI Summary
CSG Systems International, Inc. filed an 8-K on February 7, 2024, to report on its results of operations and financial condition. This filing, under Items 2.02 and 9.01, indicates the company is providing an update on its financial performance. For investors, this matters because it offers a timely glimpse into the company's health and future prospects, potentially influencing stock valuation and investment decisions.
Why It Matters
This filing provides investors with crucial, up-to-date information on CSG Systems International, Inc.'s financial performance, which can directly impact their investment decisions and the stock's short-term price movements.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently signal high risk, though the actual results themselves could be positive or negative.
Analyst Insight
A smart investor would review the full financial statements and results referenced in Items 2.02 and 9.01 of this 8-K to understand the specific performance metrics before making any investment decisions regarding CSGS.
Key Numbers
- 0001005757 — Central Index Key (CIK) (Unique identifier for CSG SYSTEMS INTERNATIONAL INC with the SEC.)
- 20240207 — Conformed Period of Report (The date to which the reported event pertains.)
- 14 — Public Document Count (Number of documents included in this filing.)
- 000-27512 — SEC File Number (The file number assigned to CSG SYSTEMS INTERNATIONAL INC by the SEC.)
- 303-200-2000 — Registrant's telephone number (Contact number for CSG Systems International, Inc.)
Key Players & Entities
- CSG SYSTEMS INTERNATIONAL INC (company) — the registrant filing the 8-K
- Delaware (company) — state of incorporation for CSG Systems International, Inc.
- NASDAQ Stock Market LLC (company) — exchange where CSG Systems International, Inc. Common Stock is registered
- 0-27512 (dollar_amount) — Commission File Number
- 47-0783182 (dollar_amount) — IRS Employer Identification No.
- February 7, 2024 (date) — Date of earliest event reported and filing date
Forward-Looking Statements
- CSGS stock price will react to the specific financial results disclosed in the full filing. (CSGS) — medium confidence, target: 2024-02-08
- Analysts will update their ratings and price targets for CSGS based on the reported financial condition. (CSGS) — high confidence, target: 2024-02-14
FAQ
What is the purpose of this 8-K filing by CSG Systems International, Inc.?
This 8-K filing, dated February 7, 2024, is a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting on 'Results of Operations and Financial Condition' under Item 2.02 and 'Financial Statements and Exhibits' under Item 9.01.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is February 7, 2024.
What is the trading symbol and the exchange where CSG Systems International, Inc.'s Common Stock is registered?
The trading symbol for CSG Systems International, Inc.'s Common Stock is 'CSGS', and it is registered on the NASDAQ Stock Market LLC.
What is the state of incorporation for CSG Systems International, Inc.?
CSG Systems International, Inc. is incorporated in Delaware.
Is CSG Systems International, Inc. classified as an emerging growth company?
No, the filing indicates with an unchecked box that CSG Systems International, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-02-07 16:07:11
Key Financial Figures
- $0.01 — ch registered Common Stock, Par Value $0.01 Per Share CSGS NASDAQ Stock Market
Filing Documents
- csgs-20240207.htm (8-K) — 47KB
- csgs-ex99_1.htm (EX-99.1) — 1366KB
- img210581129_0.jpg (GRAPHIC) — 7KB
- 0000950170-24-012195.txt ( ) — 1593KB
- csgs-20240207.xsd (EX-101.SCH) — 30KB
- csgs-20240207_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. The following information is furnished pursuant to Item 2.02 (Results of Operations and Financial Condition). This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On February 7, 2024, CSG Systems International, Inc. ("CSG") issued a press release relating to the results of its operations for the quarter and year ended December 31, 2023. A copy of such press release is attached to this Form 8-K as Exhibit 99.1 and hereby incorporated by reference. In the attached press release, CSG makes reference to non-GAAP financial measures. Non-GAAP financial measures are not measures of performance under GAAP, and therefore should not be considered in isolation or as a substitute for GAAP financial information. There are limitations with the use of non-GAAP financial measures since they are not based on any comprehensive set of accounting rules or principles, and the way in which CSG calculates non-GAAP financial measures may differ from the way in which other companies calculate similar non-GAAP financial measures. A more detailed discussion of CSG's use of non-GAAP financial measures, to include reconciliations of the non-GAAP financial measures to the comparable GAAP financial measures, is contained in the attached press release and is posted to the Company's website at www.csgi.com . 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press release of CSG Systems International, Inc. dated February 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CSG SYSTEMS INTERNATIONAL, INC. Date: February 7, 2024 By: /s/ Lori J. Szwanek Lori J. Szwanek Chief Accounting Officer