American Software Q1 2024 Earnings Report
Key Takeaways
American Software reported a decrease in total revenues by 7% to $29.2 million, while subscription fees increased by 14%. GAAP net earnings were $2.8 million, or $0.08 per diluted share, compared to $2.1 million, or $0.06 per diluted share, in the same period last year. The company is undertaking strategic actions and plans to repurchase shares due to its belief that the stock is significantly undervalued.
Subscription fees increased by 14% to $13.8 million.
Total revenues decreased by 7% to $29.2 million.
GAAP net earnings increased to $2.8 million, or $0.08 per diluted share.
Adjusted EBITDA was $3.9 million, representing 13% of revenues.
American Software
American Software
American Software Revenue by Segment
Forward Guidance
American Software anticipates total revenues between $120.0 million and $126.0 million, with recurring revenues expected to be between $88.0 million and $92.0 million, and adjusted EBITDA between $19.0 million and $21.0 million for fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income