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Jun 30, 2021
CoreCard Q2 2021 Earnings Report
Reported strong second quarter of fiscal year 2021, driven by CoreCard's flexible platform, resulting in substantial top-line growth and meaningful growth in income from operations and net income.
Key Takeaways
Intelligent Systems reported a strong second quarter with a 66% increase in total revenue to $13.4 million. This growth led to significant increases in income from operations and net income, driven by CoreCard's platform.
Total revenue increased by 66% year-over-year to $13.4 million.
Income from operations increased compared to the prior year quarter.
Net income increased compared to the prior year quarter.
Earnings per diluted share increased to $0.32 compared to $0.24 in the prior year quarter.
Forward Guidance
The company expects continued license revenue in the second half of 2021, with potential delays pushing some revenue into 2022. They anticipate top-line growth of 20% to 25% for the year.
Positive Outlook
- Expect license revenue in the second half of 2021.
- Investments in infrastructure are already showing results.
- On track to achieve top-line growth of 20% to 25% for the year.
- Partnerships validate CoreCard platform and strategic investments.
- Confident in strategy and ability to generate long-term value for shareholders.
Challenges Ahead
- A portion of license revenue is expected to be pushed into 2022 due to routine project delays with key clients.
- COVID-19 trajectory in India remains fluid.
- Potential delays in product development.
- Competitive pressures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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