NYSE$CCRD

CoreCard Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Intelligent Systems reported first quarter results, demonstrating adaptability and resilience despite COVID-19 challenges, with revenue increase driven by professional services and processing and maintenance.

Intelligent Systems reported a 13% increase in revenue compared to the first quarter of 2020, driven by professional services and processing and maintenance revenue. Income from operations and net income declined due to the costs of opening a new office in Dubai and developing a new platform. The company repurchased $2.7 million of shares and extended the buyback authorization for an additional $10 million.

  • First-quarter results were in line with expectations, demonstrating the adaptability of the business model.
  • Revenue increased by 13% compared to the first quarter of 2020, driven by professional services and processing and maintenance revenue.
  • The company expects licensing revenue in the second quarter and more substantially in the second half of fiscal 2021.
  • Intelligent Systems repurchased an additional $2.7 million of shares and extended the buyback authorization for an additional $10 million.

Headline financials

Total Revenue

$8.91M

Previous: $7.89M+12.9%
EPS (adj)

$0.12

Previous: $0.12+0.0%
Capital Expenditures

-$1.5M

Previous: -$539K-177.6%
Free Cash Flow

-$3.82M

Previous: $5.15M-174.2%
Net Income

$1.04M

Previous: $1.05M-0.7%
Operating Income

$1.47M

Previous: $2.38M-38.4%
Gross Profit

$4.48M

Previous: $4.39M+2.2%
Cash & Equivalents

$31M

Previous: $30.5M+1.5%
Total Assets

$53.8M

Previous: $50.3M+7.0%
Stock-Based Comp

$57K

Previous: $62K-8.1%

Revenue & EPS history

CoreCard · Revenue · Quarterly

$8.91M

Q1 2021+12.9%vs Q1 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

CoreCard · $24.2M total across 3 segments · Q1 2022

  • License Revenue
    $12.5M
  • Professional Services
    $5.9M
  • Processing & Maintenance
    $5.8M

Forward guidance

Intelligent Systems is on track to achieve top-line growth of 20% to 25% for the year.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+3.1%

Avg return

Earnings day

+5.8%

Avg return

5 days after

+18.9%

Avg return

30 days after

60%

37 / 62 earnings

Positive

+37.0%

Q2 2010

Best reaction

-29.6%

Q4 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-1.1%-4.0%-4.9%
Q1 2025+14.2%+39.3%+61.9%
Q4 2024+3.1%-8.6%-7.4%
Q3 2024+11.5%+16.1%+53.0%
Q2 2024+6.1%+1.9%+21.1%
Q1 2024+8.8%+8.1%+17.3%
Q4 2023-10.8%-12.5%-9.1%
Q3 2023-21.1%
Q2 2023-4.2%
Q1 2023-4.2%
Q4 2022-0.9%
Q3 2022+2.7%
Q2 2022-0.4%
Q1 2022+3.4%
Q4 2021+0.7%
Q3 2021+1.4%
Q2 2021+7.3%
Q1 2021-3.5%
Q4 2020-19.6%
Q3 2020-5.9%
Q2 2020+10.8%
Q1 2020+3.9%
Q4 2019+0.7%
Q3 2019-5.9%
Q2 2019+1.4%
Q1 2019+35.5%
Q4 2018+2.6%
Q3 2018+22.6%
Q2 2018+21.2%
Q1 2018+34.4%
Q4 2017-6.9%
Q3 2017-5.2%
Q2 2017+10.0%
Q1 2017-2.7%
Q4 2016-5.1%
Q3 2016+9.5%
Q2 2016-6.7%
Q1 2016-1.1%
Q4 2015+4.3%
Q3 2015+2.0%
Q2 2015+5.1%
Q1 2015+2.4%
Q4 2014+0.0%
Q3 2014+5.8%
Q2 2014-9.7%
Q1 2014+4.5%
Q4 2013-25.4%
Q3 2013-1.9%
Q2 2013+9.8%
Q1 2013-4.4%
Q4 2012+26.9%
Q3 2012+1.3%
Q2 2012+3.2%
Q1 2011+0.0%
Q1 2012+1.4%
Q4 2011-2.0%
Q3 2011+7.6%
Q3 2010+7.6%
Q2 2011+37.0%
Q2 2010+37.0%
Q4 2010-29.6%
Q1 2010+5.9%

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