NASDAQ$AGYS

Agilysys Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Agilysys reported Q1 2022 earnings with revenue of $38.7M, record recurring revenue of $23.2M, GAAP EPS of $0.06, adjusted EBITDA of $6.9M, and free cash flow of $7.7M.

Agilysys reported a strong first quarter for fiscal year 2022, with total net revenue of $38.7 million and a GAAP EPS of $0.06. The company also reported record recurring revenue of $23.2 million and an adjusted EBITDA of $6.9 million.

  • Total net revenue was $38.7 million, compared to $29.8 million in the first quarter of fiscal year 2021.
  • Recurring revenues were $23.2 million, representing 59.9% of total net revenue.
  • Net income attributable to common shareholders was $1.5 million, or $0.06 per diluted share.
  • Free cash flow was $7.7 million, and the ending cash balance was $103.9 million.

Headline financials

Total Revenue

$38.7M

Previous: $29.8M+29.9%
EPS (adj)

$0.21

Previous: $0.08+162.5%
Gross margin

64.2%

Previous: 62.2%+3.2%
Recurring revenue percentage

59.9%

Previous: 68.8%-12.9%
Free Cash Flow

$1.97M

Previous: -$517K+481.4%
Net Income

$1.97M

Previous: -$517K+481.4%
Operating Income

$2.04M

Previous: -$423K+582.5%
Gross Profit

$24.9M

Previous: $18.6M+34.1%
Cash & Equivalents

$104M

Previous: $74.6M+39.3%
Total Assets

$189M

Previous: $176M+7.6%
Stock-Based Comp

$3.62M

Previous: $1.43M+153.9%

Revenue & EPS history

Agilysys · Revenue · Quarterly

$38.7M

Q1 2022+29.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Agilysys · $38.7M total across 3 segments · Q1 2022

  • Subscription and maintenance
    $23.2M+13.2%
  • Products
    $8.84M+68.8%
  • Professional services
    $6.67M+63.9%

Forward guidance

Agilysys re-iterated its previously released guidance of full year fiscal 2022 revenue of $160 to $170 million and Adjusted EBITDA of slightly better than 15% of revenue.

Tailwinds

  • Solid foundation built for long term sustainable growth and profitability.
  • Positioned as a dependable growing partner for customers.
  • Provider of mission critical, modern technology solutions to the hospitality industry.
  • Industry is starting to see recovery in certain markets.
  • Sound business fundamentals are coming through in financial results.

Headwinds

  • Impact of COVID-19 on the hospitality industry.
  • Focus on the safety of employees and customers.
  • Managing through unprecedented times.
  • Certain sectors within the domestic hospitality industry have seen good recovery since around March of this year.
  • Several other market segments, especially in international regions, remain challenged by the pandemic.

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 2022

Historical avgQ1 2022

+1.8%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+8.3%

Avg return

30 days after

60%

37 / 62 earnings

Positive

+24.3%

Q2 2025

Best reaction

-20.2%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.0%-8.0%+24.5%
Q3 2026-20.2%-23.6%-35.4%
Q2 2026+22.7%+9.0%+9.2%
Q1 2026-4.7%-0.0%-8.6%
Q4 2025+22.3%+22.4%+30.7%
Q4 2024+12.7%+22.2%+12.3%
Q3 2025+4.8%+6.7%-3.9%
Q2 2025+24.3%+24.8%+36.8%
Q1 2025+1.3%+5.5%+2.0%
Q4 2023-11.8%-11.2%-6.8%
Q3 2023+0.8%+2.1%-1.1%
Q2 2023+13.0%+14.4%+18.3%
Q1 2023-5.8%-6.6%+2.3%
Q4 2022+9.9%+15.1%+1.4%
Q3 2022-1.8%-0.7%+13.0%
Q2 2022-19.8%-8.7%-13.8%
Q1 2022+0.2%-1.9%-2.8%
Q4 2021-0.3%+3.9%+15.2%
Q3 2021-16.8%-24.0%+21.8%
Q2 2021+4.4%+4.9%+49.0%
Q1 2021+19.5%+16.3%+40.7%
Q4 2020+1.5%+3.9%-0.9%
Q3 2020+10.8%+7.6%+2.2%
Q2 2020+3.7%-0.9%+1.9%
Q1 2020+2.8%+3.0%+15.9%
Q4 2019+6.2%+12.1%+12.9%
Q3 2019+15.1%+23.5%+46.4%
Q2 2019+7.1%+8.1%+6.3%
Q1 2019-6.1%-6.0%-2.3%
Q4 2018+9.0%+12.9%+21.4%
Q3 2018+1.3%-1.3%-5.8%
Q2 2018+0.3%-2.0%-0.3%
Q1 2018+4.2%+2.0%+4.8%
Q4 2017-1.7%-0.3%+2.1%
Q3 2017-1.0%+7.2%-0.9%
Q2 2017+6.6%+10.8%+6.5%
Q1 2017-3.5%-2.5%+5.8%
Q4 2016+0.3%-4.4%-6.7%
Q3 2016+9.6%
Q2 2016+4.8%
Q1 2016+20.3%
Q4 2015-6.7%
Q3 2015-3.2%
Q2 2015+0.6%
Q1 2015-7.3%
Q4 2014-2.8%
Q3 2014-3.0%
Q2 2014+1.6%
Q1 2014-0.4%
Q4 2013+8.1%
Q3 2013+5.2%
Q2 2013+2.1%
Q1 2013+3.9%
Q4 2011-0.3%
Q3 2011-17.4%
Q2 2011+1.1%
Q1 2011-15.6%
Q4 2010+2.8%
Q3 2010-0.3%
Q2 2010-5.3%
Q1 2010-2.2%
Q4 2009+7.4%

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