NASDAQ$AGYS

Agilysys Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Agilysys reported a decrease in total net revenue but an increase in recurring revenue and adjusted EBITDA.

Agilysys reported a decrease in total net revenue to $36.7 million, but recurring revenues increased to $22.8 million. The company reported a net loss attributable to common shareholders of $(2.5) million, or $(0.11) per diluted share. Adjusted EBITDA was $7.6 million and free cash flow was $7.8 million.

  • Total net revenue decreased by 13% to $36.7 million compared to the prior-year period.
  • Recurring revenues increased to $22.8 million, representing 62.3% of total net revenue.
  • Adjusted EBITDA increased to $7.6 million compared to $3.2 million in the prior-year period.
  • Free cash flow increased to $7.8 million compared to $3.0 million in the prior-year period.

Headline financials

Total Revenue

$36.7M

Previous: $42M-12.7%
EPS (adj)

$0.23

Previous: $0.05+360.0%
Gross margin

66.0%

Previous: 50.2%+31.5%
Recurring revenue percentage

62.3%

Previous: 49.9%+24.8%
Free Cash Flow

-$2.07M

Previous: -$2.58M+19.8%
Net Income

-$2.07M

Previous: -$2.58M+19.8%
Operating Income

-$1.81M

Previous: -$2.7M+32.8%
Gross Profit

$24.2M

Previous: $21.1M+14.9%
Cash & Equivalents

$92.6M

Previous: $41.9M+121.0%
Total Assets

$189M

Previous: $172M+10.1%
Stock-Based Comp

$6.63M

Previous: $1.33M+398.9%

Revenue & EPS history

Agilysys · Revenue · Quarterly

$36.7M

Q3 2021-12.7%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Agilysys · $36.7M total across 3 segments · Q3 2021

  • Subscription and maintenance
    $22.8M+9.0%
  • Products
    $7.6M-37.3%
  • Professional services
    $6.23M-30.0%

Forward guidance

Agilysys expects Q4 fiscal 2021 revenue to remain sequentially flat compared to Q3, with Adjusted EBITDA reducing to $7.0M, mainly due to further increases in R&D resource strength.

Headwinds

  • Q4 fiscal 2021 revenue is expected to remain sequentially flat compared to Q3.
  • Adjusted EBITDA reducing to $7.0M in Q4 fiscal 2021.
  • Decreased Adjusted EBITDA levels on flat revenue due to continued hiring in R&D.
  • Lingering uncertainty on timing and speed of the recovery in the hospitality industry.
  • The business environment to remain unchanged during the immediate future.

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 Q3 2021

Historical avgQ3 2021

+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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