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Apr 30, 2023
American Software Q4 2023 Earnings Report
Reported fourth quarter and fiscal year 2023 results, with subscription fee growth of 18% and adjusted EBITDA margin of 14% in Q4.
Key Takeaways
American Software reported a decrease in total revenues by 14% to $29.9 million, but subscription fees increased by 18% to $13.0 million. GAAP net earnings were $2.9 million, or $0.08 per fully diluted share, compared to $3.6 million, or $0.10 per fully diluted share for the same period last year.
Subscription fees increased by 18% to $13.0 million.
Total revenues decreased by 14% to $29.9 million.
Recurring revenue streams accounted for 71% of total revenues.
GAAP net earnings were $2.9 million, or $0.08 per fully diluted share.
American Software
American Software
American Software Revenue by Segment
Revenue by Segment
Subscription Fees Revenue
CapyFin.comMaintenance Revenue
CapyFin.com Forward Guidance
American Software anticipates total revenues between $120.0 million and $126.0 million, including total recurring revenues of $88.0 million to $92.0 million, and adjusted EBITDA between $19.0 million to $21.0 million for fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income