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Mar 31, 2022
Agilysys Q4 2022 Earnings Report
Agilysys reported record Q4 revenue with strong subscription growth and positive adjusted EBITDA.
Key Takeaways
Agilysys reported Q4 2022 revenue of $46.6 million, a 28.1% increase year-over-year. Recurring revenue was $26.6 million, with subscription revenue increasing by 32.8%. The company reported net income attributable to common shareholders of $1.5 million, or $0.06 per diluted share, and adjusted EBITDA of $7.5 million. Free cash flow was $6.5 million.
Total net revenue increased to $46.6 million, up from $36.3 million in Q4 2021.
Recurring revenue reached $26.6 million, representing 57.1% of total net revenue.
Subscription revenues grew by 32.8% compared to Q4 2021.
Net income attributable to common shareholders was $1.5 million, or $0.06 per diluted share.
Revenue by Segment
Forward Guidance
Agilysys expects fiscal 2023 annual revenue to be in the range of $190 to $195 million, driven by year-over-year subscription revenue growth of around 30%. Adjusted EBITDA is expected to remain greater than 15% of revenue.
Positive Outlook
- Fiscal 2023 annual revenue expected to be $190 to $195 million.
- Subscription revenue growth of around 30% year-over-year.
- Adjusted EBITDA expected to remain greater than 15% of revenue.
- World class SaaS solutions continued to drive subscription revenue forward at an increased pace.
- Maintaining high levels of operational discipline to support profitable revenue growth
Challenges Ahead
- Lingering pandemic related challenges in the hospitality industry across Asia, Europe, and managed food services.
- Other business environment challenges in the hospitality industry across Asia, Europe, and managed food services.
- The effect of the COVID-19 pandemic on our business
Historical Earnings Impact
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Avg. Return Before/After Earnings
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