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Apr 30, 2022
American Software Q4 2022 Earnings Report
American Software's Q4 2022 earnings showcased strong growth in subscription fees, driving a 21% revenue increase and a record fiscal year revenue.
Key Takeaways
American Software reported a 21% increase in revenue for Q4 2022, reaching $34.6 million, driven by a 37% increase in subscription fees. Operating earnings increased by 186% to $5.5 million, and GAAP net earnings increased by 17% to $3.6 million, or $0.10 per fully diluted share. The company's financial condition remains strong, with cash and investments of approximately $127.5 million.
Total revenues increased by 21% to $34.6 million compared to the same period last year.
Subscription fees increased by 37% to $11.1 million compared to the same period last year.
Operating earnings increased by 186% to $5.5 million compared to the same period last year.
GAAP net earnings increased by 17% to $3.6 million, or $0.10 per fully diluted share, compared to the same period last year.
American Software
American Software
American Software Revenue by Segment
Revenue by Segment
Subscription Fees Revenue
CapyFin.comMaintenance Revenue
CapyFin.com Forward Guidance
American Software provided financial outlook for fiscal year 2023, including total revenues of $132.5 million to $135.0 million and adjusted EBITDA of $16.0 million to $18.0 million.
Positive Outlook
- Total revenues are expected to be between $132.5 million and $135.0 million.
- Total recurring revenues are expected to be between $86.5 million and $89.0 million.
- Adjusted EBITDA is projected to be between $16.0 million and $18.0 million.
- The company is focusing on investments for growth.
- The company is focusing on investments for employee retention.
Revenue & Expenses
Visualization of income flow from segment revenue to net income