NASDAQ$ACIW

ACI Worldwide Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

ACI Worldwide's Q1 2023 financial results were announced, revealing a mix of growth and challenges. Recurring revenue increased, driven by the Biller segment, while overall revenue was down slightly due to FX and divestiture adjustments.

ACI Worldwide reported Q1 2023 financial results, showing a decrease in total revenue to $290 million, a net loss of $32 million, and adjusted EBITDA of $25 million. Recurring revenue grew, particularly in the Biller segment, but was offset by declines in the Bank and Merchant segments. The company reiterated its full-year 2023 guidance.

  • Recurring revenue grew by 9%, adjusting for FX and divestiture.
  • Biller segment revenue increased by 11%.
  • Cash flow from operations was up 39%.
  • Full-year 2023 guidance was reiterated.

Headline financials

Total Revenue

$290M

Previous: $323M-10.3%
EPS (adj)

-$0.07

Previous: $0.28-125.0%
ARR Bookings

$11.4M

No prior period
Capital Expenditures

-$2.26M

Previous: -$2.28M+1.0%
Free Cash Flow

-$34.6M

Previous: $13.2M-361.7%
Net Income

-$32.3M

Previous: $15.5M-308.6%
Operating Income

-$24.4M

Previous: $27.7M-188.0%
Gross Profit

$111M

Previous: $157M-29.1%
Cash & Equivalents

$142M

Previous: $115M+24.1%
Total Assets

$3.01B

Previous: $3.21B-6.3%
Stock-Based Comp

$5.3M

Previous: $7.96M-33.4%

Revenue & EPS history

ACI Worldwide · Revenue · Quarterly

$290M

Q1 2023-10.3%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

For the full-year 2023, the Company expects revenue growth to be in the mid-single-digits on a constant currency and divestiture-adjusted basis, or in the range of $1.436 billion to $1.466 billion. The Company expects adjusted EBITDA to be in the range of $380 million to $395 million with net adjusted EBITDA margin expansion. The Company expects revenue to be between $300 million and $310 million and adjusted EBITDA of $35 million to $45 million in Q2 2023.

Tailwinds

  • Revenue growth expected in the mid-single-digits for full-year 2023.
  • Adjusted EBITDA expected to be in the range of $380 million to $395 million for full-year 2023.
  • Net adjusted EBITDA margin expansion expected for full-year 2023.
  • Revenue expected to be between $300 million and $310 million in Q2 2023.
  • Adjusted EBITDA expected to be between $35 million and $45 million in Q2 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.5%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.0%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+19.0%

Q3 2023

Best reaction

-16.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.7%-2.6%-1.1%
Q4 2025-4.2%-0.2%-3.9%
Q3 2025+4.7%-0.5%-4.8%
Q1 2025-11.8%-10.4%-13.8%
Q4 2024+7.7%+6.2%+7.3%
Q3 2024+6.6%+4.3%+2.6%
Q2 2024+3.8%+5.9%+16.5%
Q1 2024+3.8%+6.1%+5.4%
Q4 2023+3.7%+0.4%+7.2%
Q3 2023+19.0%+21.5%+35.5%
Q2 2023+5.6%+5.0%+8.9%
Q1 2023-1.1%-2.7%-3.8%
Q4 2022+0.6%-0.7%+4.4%
Q3 2022-16.3%-14.8%-11.9%
Q2 2022-8.2%-9.3%-20.5%
Q1 2022-5.4%-9.2%-3.3%
Q4 2021+5.0%-3.0%-0.3%
Q3 2021+4.7%+9.5%-3.8%
Q2 2021-0.4%-2.2%+2.2%
Q1 2021+3.1%+5.7%+5.3%
Q4 2020-7.7%-7.1%-7.8%
Q3 2020+7.4%+10.4%+26.1%
Q2 2020+7.3%+8.1%+2.4%
Q1 2020+2.6%-6.3%+10.1%
Q4 2019-6.5%-3.7%-22.2%
Q3 2019+8.8%+6.8%+15.1%
Q2 2019-3.3%-3.7%+2.8%
Q1 2019-4.1%-8.0%-5.2%
Q4 2018+6.1%+5.6%+5.4%
Q3 2018+15.8%+10.7%+4.4%
Q2 2018+2.0%+3.7%+7.4%
Q1 2018-5.6%-5.6%+5.6%
Q4 2017+9.9%+7.0%+6.5%
Q3 2017-1.1%-4.4%-3.7%
Q2 2017-4.3%-3.9%-8.8%
Q1 2017+10.8%+10.4%+9.0%
Q4 2016+11.7%+10.5%+8.5%
Q3 2016-6.1%-5.0%-0.9%
Q2 2016+0.9%-3.3%-4.4%
Q1 2016+0.4%
Q4 2015-0.2%
Q3 2015+0.0%
Q2 2015+5.6%
Q1 2015+4.2%
Q4 2014-2.9%
Q3 2014-0.2%
Q2 2014+1.6%
Q1 2014-2.1%
Q4 2013+3.5%
Q3 2013+13.0%
Q2 2013-1.7%
Q1 2013-0.8%
Q4 2012-2.4%
Q3 2012+11.8%
Q2 2012-0.0%
Q1 2012-3.1%
Q4 2011+8.0%
Q3 2011-1.4%
Q2 2011-3.9%
Q1 2010-0.5%
Q1 2011+0.0%
Q4 2008-2.2%
Q4 2010-2.2%
Q3 2010+2.5%
Q3 2009+2.5%
Q2 2010+0.3%
Q2 2009+0.3%
Q4 2009+0.3%

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