NYSE$CCRD

CoreCard Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Intelligent Systems reported fourth quarter and fiscal year 2019 results.

Intelligent Systems reported a strong fourth quarter and fiscal year 2019, with revenue growth of 70% for the quarter and 71% for the year. The company's unique offering resonated well with top-tier global companies, leading to better-than-anticipated top-line growth. The company is focusing on solidifying its infrastructure and providing the best support possible in fiscal year 2020.

  • Total revenues reached $10.3 million for the fourth quarter of 2019, a 70% increase year-over-year.
  • Full year 2019 revenues were $34.3 million, representing a 71% growth over the prior year.
  • Income from operations for the fourth quarter was $3.979 million, compared to $2.268 million in the prior year quarter.
  • Net income for the fourth quarter was $3.697 million, compared to $2.427 million in the prior year quarter.

Headline financials

Total Revenue

$10.3M

Previous: $6.05M+70.2%
EPS (adj)

$0.41

Previous: $0.27+51.9%
Capital Expenditures

$123K

Previous: $202K-39.1%
Free Cash Flow

$2.78M

Previous: $1.47M+89.6%
Net Income

$3.7M

Previous: $2.43M+52.3%
Operating Income

$3.98M

Previous: $2.27M+75.4%
Gross Profit

$6.99M

Previous: $3.64M+92.1%
Cash & Equivalents

$26.4M

Previous: $18.9M+39.6%
Total Assets

$44.2M

Previous: $29.3M+51.0%
Stock-Based Comp

$62K

Previous: $18K+244.4%

Revenue & EPS history

CoreCard · Revenue · Quarterly

$10.3M

Q4 2019+70.2%vs Q4 2018
Beat estimate in 3 of 5 quarters(60%)
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 anticipates a slower growth rate in fiscal year 2020 compared to 2019. The company plans to focus on solidifying its infrastructure, providing excellent support, and building a strong foundation for the business to exceed customer expectations.

Tailwinds

  • Focus on solidifying infrastructure.
  • Commitment to providing the best support possible.
  • Building a strong foundation for the business.
  • Aiming to exceed customer expectations.
  • Processing services business is expected to continue to grow.

Headwinds

  • Do not anticipate the level of growth seen in 2019.
  • Focus on infrastructure may temporarily limit growth.
  • Building period may impact short-term results.
  • Potential delays in new projects.
  • Market conditions could affect growth.

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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