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Jun 30, 2021
Agilysys Q1 2022 Earnings Report
Agilysys reported Q1 2022 earnings with revenue of $38.7M, record recurring revenue of $23.2M, GAAP EPS of $0.06, adjusted EBITDA of $6.9M, and free cash flow of $7.7M.
Key Takeaways
Agilysys reported a strong first quarter for fiscal year 2022, with total net revenue of $38.7 million and a GAAP EPS of $0.06. The company also reported record recurring revenue of $23.2 million and an adjusted EBITDA of $6.9 million.
Total net revenue was $38.7 million, compared to $29.8 million in the first quarter of fiscal year 2021.
Recurring revenues were $23.2 million, representing 59.9% of total net revenue.
Net income attributable to common shareholders was $1.5 million, or $0.06 per diluted share.
Free cash flow was $7.7 million, and the ending cash balance was $103.9 million.
Revenue by Segment
Forward Guidance
Agilysys re-iterated its previously released guidance of full year fiscal 2022 revenue of $160 to $170 million and Adjusted EBITDA of slightly better than 15% of revenue.
Positive Outlook
- Solid foundation built for long term sustainable growth and profitability.
- Positioned as a dependable growing partner for customers.
- Provider of mission critical, modern technology solutions to the hospitality industry.
- Industry is starting to see recovery in certain markets.
- Sound business fundamentals are coming through in financial results.
Challenges Ahead
- Impact of COVID-19 on the hospitality industry.
- Focus on the safety of employees and customers.
- Managing through unprecedented times.
- Certain sectors within the domestic hospitality industry have seen good recovery since around March of this year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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