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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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