Loading...
•
Dec 31, 2020
CoreCard Q4 2020 Earnings Report
Intelligent Systems reported a decrease in fourth-quarter revenue but an increase in full-year revenue, with strategic investments made for future growth.
Key Takeaways
Intelligent Systems reported a 7% decrease in fourth-quarter revenue to $9.6 million but a 5% increase in full-year revenue to $35.9 million. Net income for the quarter was $2.119 million, with earnings per diluted share at $0.24. The company completed crucial infrastructure investments and anticipates top-line growth of 15% to 25% in fiscal year 2021.
Q4 revenue decreased by 7% year over year, totaling $9.6 million.
Full-year revenue increased by 5% year over year, reaching $35.9 million.
Net income for Q4 was $2.119 million, compared to $3.697 million in the prior year quarter.
Earnings per diluted share for Q4 were $0.24, down from $0.41 in the prior year quarter.
CoreCard
CoreCard
Forward Guidance
Intelligent Systems is confident in its ability to leverage the investments made in 2020 to deliver top-line growth of 15% to 25% for the year 2021.