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Sep 30, 2021
Agilysys Q2 2022 Earnings Report
Reported fiscal 2022 second quarter revenue of $37.9M, record recurring revenue of $24.0M inclusive of record subscription revenue of $11.1M, adjusted EBITDA of $6.3M, positive GAAP EPS of $0.02, quarterly free cash flow of $3.2M, and cash balance increase of $2.5M to $106.4M.
Key Takeaways
Agilysys reported a revenue of $37.9 million for the second quarter of fiscal year 2022. The company also reported record recurring revenue of $24.0 million, which includes record subscription revenue of $11.1 million. The adjusted EBITDA was $6.3 million and GAAP EPS was $0.02. Free cash flow was $3.2 million, and the cash balance increased by $2.5 million to $106.4 million.
Total net revenue was $37.9 million, compared to net revenue of $34.4 million in the second quarter of fiscal 2021.
Recurring revenues for the fiscal second quarter were $24.0 million or 63.4% of total net revenue compared to $22.3 million in the second quarter of fiscal 2021.
Net income attributable to common shareholders in the fiscal 2022 second quarter was $0.5 million, or $0.02 per diluted share compared to $5.3 million or $0.22 per diluted share for the second quarter of fiscal 2021.
Free cash flow in the fiscal 2022 second quarter was $3.2 million compared to $11.3 million in the fiscal second quarter of 2021.
Revenue by Segment
Forward Guidance
Agilysys is re-iterating 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.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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