$AGYS
AGILYSYS INC

2024 Q3 Form 10-Q Financial Statement

#000095017024086879 Filed on July 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $68.28M $63.51M
YoY Change 16.49% 13.29%
Cost Of Revenue $25.07M $23.64M
YoY Change 6.57% 2.79%
Gross Profit $43.21M $39.87M
YoY Change 23.13% 20.6%
Gross Profit Margin 63.29% 62.77%
Selling, General & Admin $39.09M $17.50M
YoY Change 23.96% 4.99%
% of Gross Profit 90.45% 43.89%
Research & Development $16.17M $14.72M
YoY Change 10.9% 10.5%
% of Gross Profit 37.42% 36.92%
Depreciation & Amortization $915.0K $1.089M
YoY Change -24.32% -19.51%
% of Gross Profit 2.12% 2.73%
Operating Expenses $55.26M $33.31M
YoY Change 19.83% 6.27%
Operating Profit $4.126M $6.562M
YoY Change 15.83% 282.18%
Interest Expense $458.0K $1.782M
YoY Change 61.85%
% of Operating Profit 11.1% 27.16%
Other Income/Expense, Net $2.037M -$157.0K
YoY Change 870.0% -1.26%
Pretax Income $5.146M $7.372M
YoY Change 6.32% 288.0%
Income Tax $3.782M -$6.734M
% Of Pretax Income 73.49% -91.35%
Net Earnings $1.364M $14.11M
YoY Change -69.99% 1195.32%
Net Earnings / Revenue 2.0% 22.21%
Basic Earnings Per Share $0.05 $0.52
Diluted Earnings Per Share $0.05 $0.50
COMMON SHARES
Basic Shares Outstanding 27.88M 27.45M
Diluted Shares Outstanding 28.26M 28.13M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.89M $144.1M
YoY Change -48.89% 34.57%
Cash & Equivalents $54.89M $144.1M
Short-Term Investments
Other Short-Term Assets $2.063M $6.523M
YoY Change -72.49% 8.19%
Inventory $6.446M $5.300M
Prepaid Expenses $9.153M
Receivables $31.61M $30.83M
Other Receivables $0.00 $0.00
Total Short-Term Assets $108.7M $186.8M
YoY Change -29.14% 24.98%
LONG-TERM ASSETS
Property, Plant & Equipment $17.54M $35.51M
YoY Change 0.35% -11.29%
Goodwill $135.4M $32.66M
YoY Change 313.45% -1.26%
Intangibles $79.02M $16.71M
YoY Change 351.4% -6.61%
Long-Term Investments
YoY Change
Other Assets $8.309M $84.06M
YoY Change 6.31% 669.87%
Total Long-Term Assets $333.3M $168.9M
YoY Change 227.41% 65.77%
TOTAL ASSETS
Total Short-Term Assets $108.7M $186.8M
Total Long-Term Assets $333.3M $168.9M
Total Assets $442.0M $355.7M
YoY Change 73.19% 41.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.75M $10.09M
YoY Change 26.59% -4.35%
Accrued Expenses $22.32M $18.12M
YoY Change 62.13% 12.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $95.89M $77.40M
YoY Change 31.88% 4.75%
LONG-TERM LIABILITIES
Long-Term Debt $50.00M $0.00
YoY Change
Other Long-Term Liabilities $4.928M $23.57M
YoY Change 1.44% -17.18%
Total Long-Term Liabilities $54.93M $23.57M
YoY Change 1030.67% -17.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.89M $77.40M
Total Long-Term Liabilities $54.93M $23.57M
Total Liabilities $150.8M $101.5M
YoY Change 94.44% -2.99%
SHAREHOLDERS EQUITY
Retained Earnings $153.2M $151.9M
YoY Change 164.46% 181.99%
Common Stock $10.00M $10.00M
YoY Change 5.49% 5.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.622M $1.642M
YoY Change -13.31% -12.52%
Treasury Stock Shares
Shareholders Equity $260.3M $254.2M
YoY Change
Total Liabilities & Shareholders Equity $442.0M $355.7M
YoY Change 73.19% 41.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.364M $14.11M
YoY Change -69.99% 1195.32%
Depreciation, Depletion And Amortization $915.0K $1.089M
YoY Change -24.32% -19.51%
Cash From Operating Activities $6.590M $1.098M
YoY Change 19.82% 4890.91%
INVESTING ACTIVITIES
Capital Expenditures $651.0K $869.0K
YoY Change -77.55% -71.65%
Acquisitions
YoY Change
Other Investing Activities -$144.9M $0.00
YoY Change -100.0%
Cash From Investing Activities -$145.6M -$869.0K
YoY Change 4920.55% -71.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities 49.61M -925.0K
YoY Change -2462.14% -65.77%
NET CHANGE
Cash From Operating Activities 6.590M 1.098M
Cash From Investing Activities -145.6M -869.0K
Cash From Financing Activities 49.61M -925.0K
Net Change In Cash -89.40M -696.0K
YoY Change -17980.2% -87.89%
FREE CASH FLOW
Cash From Operating Activities $6.590M $1.098M
Capital Expenditures $651.0K $869.0K
Free Cash Flow $5.939M $229.0K
YoY Change 128.42% -107.53%

Facts In Submission

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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4850000
CY2024Q2 agys Repurchases Of Shares To Satisfy Employee Tax Withholding
RepurchasesOfSharesToSatisfyEmployeeTaxWithholding
1104000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
14106000
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-158000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
254171000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
109310000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3377000
CY2023Q2 agys Repurchases Of Shares To Satisfy Employee Tax Withholding
RepurchasesOfSharesToSatisfyEmployeeTaxWithholding
2613000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1548000
CY2023Q2 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
-459000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
523000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
111686000
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26800000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22100000
CY2024Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
1900000
CY2023Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
1600000
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4800000
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4000000
CY2024Q2 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
900000
CY2023Q2 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
900000
CY2024Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
400000
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
400000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7744000
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16264000
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
4264000
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
1684000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1119000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1574000
CY2024Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
13127000
CY2024Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
19522000
CY2024Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
4571000
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
4315000
CY2024Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
100000
CY2024Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
100000
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4671000
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4415000
CY2024Q2 agys Interest Paid Receipts
InterestPaidReceipts
1424000
CY2023Q2 agys Interest Paid Receipts
InterestPaidReceipts
893000
CY2024Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
578000
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
376000
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
912000
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1425000
CY2024Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
CY2023Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2000
CY2024Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
181000
CY2023Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
320000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6734000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
352000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
CY2024Q2 agys Regular Corporate Income Tax Rate India
RegularCorporateIncomeTaxRateIndia
0.50
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
14106000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1548000
CY2024Q2 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
0
CY2023Q2 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
-459000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14106000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1089000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27134000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24936000
CY2024Q2 agys Dilutive Ssa Rs
DilutiveSSARs
710000
CY2023Q2 agys Dilutive Ssa Rs
DilutiveSSARs
1008000
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
270000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
231000
CY2024Q2 agys Dilutive Unvested Restricted Stock Units
DilutiveUnvestedRestrictedStockUnits
13000
CY2023Q2 agys Dilutive Unvested Restricted Stock Units
DilutiveUnvestedRestrictedStockUnits
2000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28127000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26177000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.5
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1735000
CY2024Q2 agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
367271000
CY2023Q2 agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
339956000
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4429000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3167000
CY2024Q2 agys Employee Stock Purchase Plan Discount On Shares
EmployeeStockPurchasePlanDiscountOnShares
0.15
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.3
CY2024Q2 us-gaap Dividend Payment Restrictions Schedule Description
DividendPaymentRestrictionsScheduleDescription
the Holders were entitled to dividends on the Liquidation Preference at the rate of 5.25% per annum, payable semi-annually either (i) 50% in cash and 50% in kind as an increase in the then-current Liquidation Preference or (ii) 100% in cash, at the option of the Company.
CY2024Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0525

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