NCR VOYIX Corp Files 10-Q for Period Ending March 31, 2024
Ticker: NCRRP · Form: 10-Q · Filed: May 9, 2024 · CIK: 70866
| Field | Detail |
|---|---|
| Company | Ncr Voyix Corp (NCRRP) |
| Form Type | 10-Q |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, NCR VOYIX Corp, Quarterly Report, Financials, SEC Filing
TL;DR
<b>NCR VOYIX Corp has filed its quarterly report (10-Q) for the period ending March 31, 2024.</b>
AI Summary
NCR VOYIX Corp (NCRRP) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. NCR VOYIX Corp filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's former names include NCR Corp and National Cash Register Co. The company is incorporated in Maryland (MD) and its fiscal year ends on December 31. The filing was made on May 9, 2024.
Why It Matters
For investors and stakeholders tracking NCR VOYIX Corp, this filing contains several important signals. This filing provides investors with an update on the company's financial performance and position during the first quarter of 2024. Understanding the details within this 10-Q is crucial for assessing NCR VOYIX Corp's current operational status and future outlook.
Risk Assessment
Risk Level: low — NCR VOYIX Corp shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or unusual disclosures.
Analyst Insight
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance drivers and any emerging trends.
Key Numbers
- 2024-03-31 — Period of Report (Quarterly report)
- 2024-05-09 — Filing Date (10-Q filing)
- 3578 — SIC Code (Standard Industrial Classification)
- 12/31 — Fiscal Year End (Company fiscal year)
Key Players & Entities
- NCR VOYIX Corp (company) — Filer
- NCR Corp (company) — Former company name
- National Cash Register Co (company) — Former company name
- MD (location) — State of incorporation
- GA (location) — State of business address
- Atlanta (location) — City of business address
- 9374455000 (phone) — Business phone number
- 2024-03-31 (date) — Period of report
FAQ
When did NCR VOYIX Corp file this 10-Q?
NCR VOYIX Corp filed this Quarterly Report (10-Q) with the SEC on May 9, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by NCR VOYIX Corp (NCRRP).
Where can I read the original 10-Q filing from NCR VOYIX Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NCR VOYIX Corp.
What are the key takeaways from NCR VOYIX Corp's 10-Q?
NCR VOYIX Corp filed this 10-Q on May 9, 2024. Key takeaways: NCR VOYIX Corp filed a 10-Q report for the period ending March 31, 2024.. The filing covers the first quarter of fiscal year 2024.. The company's former names include NCR Corp and National Cash Register Co..
Is NCR VOYIX Corp a risky investment based on this filing?
Based on this 10-Q, NCR VOYIX Corp presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or unusual disclosures.
What should investors do after reading NCR VOYIX Corp's 10-Q?
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance drivers and any emerging trends. The overall sentiment from this filing is neutral.
How does NCR VOYIX Corp compare to its industry peers?
NCR VOYIX Corp operates in the technology sector, historically associated with calculating and accounting machines, though its current operations likely encompass broader technology solutions.
Are there regulatory concerns for NCR VOYIX Corp?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.
Industry Context
NCR VOYIX Corp operates in the technology sector, historically associated with calculating and accounting machines, though its current operations likely encompass broader technology solutions.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.
What Investors Should Do
- Analyze the financial statements (balance sheet, income statement, cash flow) for Q1 2024.
- Review any new disclosures or changes in risk factors mentioned in the report.
- Compare Q1 2024 performance against prior periods and analyst expectations.
Key Dates
- 2024-03-31: Quarter End — End of the reporting period for the 10-Q
- 2024-05-09: Filing Date — Date the 10-Q was officially filed with the SEC
Year-Over-Year Comparison
This is the first 10-Q filing for NCR VOYIX Corp under its current structure and reporting period, making direct comparison to a prior period's 10-Q difficult without further context on historical filings under previous names or structures.
Filing Stats: 4,658 words · 19 min read · ~16 pages · Grade level 16.9 · Accepted 2024-05-09 16:06:35
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share VYX New York Stock Exchange
Filing Documents
- ncr-20240331.htm (10-Q) — 1615KB
- exhibit311sec302ceocert-03.htm (EX-31.1) — 8KB
- exhibit312sec302cfocert-03.htm (EX-31.2) — 8KB
- exhibit32sec906ceoandcfoce.htm (EX-32) — 8KB
- 0000070866-24-000025.txt ( ) — 10014KB
- ncr-20240331.xsd (EX-101.SCH) — 68KB
- ncr-20240331_cal.xml (EX-101.CAL) — 98KB
- ncr-20240331_def.xml (EX-101.DEF) — 380KB
- ncr-20240331_lab.xml (EX-101.LAB) — 842KB
- ncr-20240331_pre.xml (EX-101.PRE) — 609KB
- ncr-20240331_htm.xml (XML) — 1567KB
Financial Information
PART I. Financial Information Description Page
Financial Statements
Item 1. Financial Statements 3 Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended March 31, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Balance Sheets (Unaudited) March 31, 2024 and December 31, 2023 5 Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) Three Months Ended March 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 33
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 47
Controls and Procedures
Item 4. Controls and Procedures 48
Other Information
PART II. Other Information Description Page
Legal Proceedings
Item 1. Legal Proceedings 50
Risk Factors
Item 1A. Risk Factors 50
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50
Other Information
Item 5. Other Information 51
Exhibits
Item 6. Exhibits 52
Signatures
Signatures 53 2 Table of Contents
Financial Information
Part I. Financial Information
FINANCIAL STATEMENTS
Item 1. FINANCIAL STATEMENTS NCR Voyix Corporation Condensed Consolidated Statements of Operations (Unaudited) In millions, except per share amounts Three months ended March 31 2024 2023 Product revenue $ 232 $ 291 Service revenue 630 625 Total revenue 862 916 Cost of products 200 269 Cost of services 466 417 Selling, general and administrative expenses 132 155 Research and development expenses 60 49 Total operating expenses 858 890 Income (loss) from operations 4 26 Interest expense ( 39 ) ( 83 ) Other income (expense), net ( 20 ) ( 4 ) Income (loss) from continuing operations before income taxes ( 55 ) ( 61 ) Income tax expense (benefit) ( 14 ) 5 Income (loss) from continuing operations ( 41 ) ( 66 ) Income (loss) from discontinued operations, net of tax — 74 Net income (loss) ( 41 ) 8 Net income (loss) attributable to noncontrolling interests ( 1 ) — Net income (loss) attributable to noncontrolling interests of discontinued operations — 1 Net income (loss) attributable to NCR Voyix $ ( 40 ) $ 7 Amounts attributable to NCR Voyix common stockholders: Income (loss) from continuing operations $ ( 40 ) $ ( 66 ) Series A convertible preferred stock dividends ( 4 ) ( 4 ) Income (loss) from continuing operations attributable to NCR Voyix common stockholders ( 44 ) ( 70 ) Income (loss) from discontinued operations, net of tax — 73 Net income (loss) attributable to NCR Voyix common stockholders $ ( 44 ) $ 3 Income (loss) per share attributable to NCR Voyix common stockholders: Income (loss) per common share from continuing operations Basic $ ( 0.31 ) $ ( 0.50 ) Diluted $ ( 0.31 ) $ ( 0.50 ) Net income (loss) per common share Basic $ ( 0.31 ) $ 0.02 Diluted $ ( 0.31 ) $ 0.02 Weighted average common shares outstanding Basic 143.5 139.6 Diluted 143.5 139.6 See Notes to Condensed Consolidated Financial Statements. 3 Table of Contents NCR Voyix Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited)