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Mar 31, 2021
Agilysys Q4 2021 Earnings Report
Agilysys reported Q4 fiscal 2021 revenue of $36.3M and record recurring revenue of $22.9M. The company also reported adjusted EBITDA of $7.1M and quarterly free cash flow of $13.0M, with cash balance increase of $6.6M to $99.2M.
Key Takeaways
Agilysys reported a decrease in total net revenue to $36.3 million compared to $39.7 million in the prior year. However, recurring revenues increased, and the company reported a net loss attributable to common shareholders of $(24.7) million, or $(1.05) per diluted share. Adjusted diluted EPS (non-GAAP) was $0.21 per share, and adjusted EBITDA (non-GAAP) was $7.1 million.
Total net revenue was $36.3 million, an 8% decrease compared to the prior-year period.
Recurring revenues were $22.9 million, or 63.1% of total net revenue, compared to $22.3 million, or 56.2% of total net revenue, for the same period in fiscal 2020.
Net loss attributable to common shareholders was $(24.7) million, or $(1.05) per diluted share, compared to a net loss of $(27.0) million, or $(1.16) per diluted share, in the prior-year period.
Adjusted diluted EPS (non-GAAP) was $0.21 per share compared to $0.05 per share in the prior-year period.
Revenue by Segment
Forward Guidance
Agilysys expects fiscal 2022 annual revenue to range between $160 million and $170 million, with an adjusted EBITDA level of slightly better than 15% of revenue.
Positive Outlook
- Expect fiscal 2022 annual revenue to range between $160 and $170 million and be a record revenue year
- Expect adjusted EBITDA level of slightly better than 15% of revenue
- Expect the pent-up demand for superior guest centric hospitality technology solutions to grow throughout the current fiscal year
- Making the second half of the fiscal year better than the first
- Selling success momentum, currently concentrated mainly in the gaming and resort segments of the U.S. domestic market
Challenges Ahead
- Continued pandemic related tough business environment challenges which were prevalent till around the last week of February.
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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