$AGYS
AGILYSYS INC

2021 Q4 Form 10-Q Financial Statement

#000156459022002659 Filed on January 27, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $39.46M $37.89M $36.70M
YoY Change 7.52% 10.28% -12.59%
Cost Of Revenue $14.74M $13.64M $12.50M
YoY Change 17.95% 21.69% -40.26%
Gross Profit $24.72M $24.26M $24.20M
YoY Change 2.13% 4.76% 14.89%
Gross Profit Margin 62.64% 64.01% 65.94%
Selling, General & Admin $10.75M $9.946M $10.80M
YoY Change -0.49% -41.85% -54.55%
% of Gross Profit 43.48% 41.01% 44.63%
Research & Development $11.21M $11.38M $12.40M
YoY Change -9.6% 37.81% 9.88%
% of Gross Profit 45.36% 46.91% 51.24%
Depreciation & Amortization $762.0K $893.0K $1.300M
YoY Change -41.38% 24.9% 52.22%
% of Gross Profit 3.08% 3.68% 5.37%
Operating Expenses $22.72M $22.22M $24.40M
YoY Change -6.89% -12.39% -30.38%
Operating Profit $1.997M $2.037M -$200.0K
YoY Change -1098.5% -66.33% -92.58%
Interest Expense $6.000K $13.00K $0.00
YoY Change 550.0% -100.0%
% of Operating Profit 0.3% 0.64%
Other Income/Expense, Net -$52.00K -$103.0K -$100.0K
YoY Change -48.0% 17.05% -170.42%
Pretax Income $1.566M $1.030M -$1.900M
YoY Change -182.42% -82.8% -23.6%
Income Tax $24.00K $48.00K $182.0K
% Of Pretax Income 1.53% 4.66%
Net Earnings $1.542M $982.0K -$2.070M
YoY Change -174.49% -83.26% -19.83%
Net Earnings / Revenue 3.91% 2.59% -5.64%
Basic Earnings Per Share $0.04 $0.02 -$0.11
Diluted Earnings Per Share $0.04 $0.02 -$0.11
COMMON SHARES
Basic Shares Outstanding 24.48M 24.45M 23.43M
Diluted Shares Outstanding 25.39M 25.41M 23.43M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.1M $106.4M $92.60M
YoY Change 24.32% 24.14% 121.0%
Cash & Equivalents $115.1M $106.4M $92.61M
Short-Term Investments
Other Short-Term Assets $4.651M $4.838M $4.300M
YoY Change 8.16% -3.24% -36.76%
Inventory $3.256M $1.881M $1.300M
Prepaid Expenses
Receivables $26.59M $21.12M $33.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $149.6M $134.2M $132.0M
YoY Change 13.34% 16.21% 56.58%
LONG-TERM ASSETS
Property, Plant & Equipment $16.47M $17.87M $22.10M
YoY Change -25.48% -22.65% -17.84%
Goodwill
YoY Change
Intangibles $8.400M
YoY Change -0.05%
Long-Term Investments
YoY Change
Other Assets $8.233M $7.988M $7.100M
YoY Change 15.96% 14.11% -5.33%
Total Long-Term Assets $52.72M $53.88M $57.20M
YoY Change -7.83% -7.43% -34.63%
TOTAL ASSETS
Total Short-Term Assets $149.6M $134.2M $132.0M
Total Long-Term Assets $52.72M $53.88M $57.20M
Total Assets $202.3M $188.1M $189.2M
YoY Change 6.94% 8.29% 10.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.035M $9.009M $5.400M
YoY Change 48.8% 181.53% -48.57%
Accrued Expenses $12.92M $12.54M $13.60M
YoY Change -5.03% 6.27% -18.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000K $10.00K $0.00
YoY Change
Total Short-Term Liabilities $64.15M $52.20M $58.40M
YoY Change 9.85% 13.97% -6.71%
LONG-TERM LIABILITIES
Long-Term Debt $3.000K $4.000K $0.00
YoY Change
Other Long-Term Liabilities $9.834M $4.456M $3.740M
YoY Change 162.94% 19.53% 131.29%
Total Long-Term Liabilities $9.837M $4.456M $3.740M
YoY Change 163.02% 19.53% 131.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.15M $52.20M $58.40M
Total Long-Term Liabilities $9.837M $4.456M $3.740M
Total Liabilities $74.93M $64.92M $72.40M
YoY Change 3.49% 7.67% -3.34%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $92.41M $87.72M $81.78M
YoY Change
Total Liabilities & Shareholders Equity $202.3M $188.1M $189.2M
YoY Change 6.94% 8.29% 10.11%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $1.542M $982.0K -$2.070M
YoY Change -174.49% -83.26% -19.83%
Depreciation, Depletion And Amortization $762.0K $893.0K $1.300M
YoY Change -41.38% 24.9% 52.22%
Cash From Operating Activities $10.14M $3.678M $8.500M
YoY Change 19.32% -68.02% 107.32%
INVESTING ACTIVITIES
Capital Expenditures -$292.0K -$512.0K -$600.0K
YoY Change -51.33% 70.67% -45.45%
Acquisitions
YoY Change
Other Investing Activities -$1.000K $0.00 $0.00
YoY Change
Cash From Investing Activities -$293.0K -$512.0K -$600.0K
YoY Change -51.17% 70.67% -45.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.116M -644.0K -1.000M
YoY Change 11.6% 114.67%
NET CHANGE
Cash From Operating Activities 10.14M 3.678M 8.500M
Cash From Investing Activities -293.0K -512.0K -600.0K
Cash From Financing Activities -1.116M -644.0K -1.000M
Net Change In Cash 8.733M 2.522M 6.900M
YoY Change 26.57% -76.86% 130.0%
FREE CASH FLOW
Cash From Operating Activities $10.14M $3.678M $8.500M
Capital Expenditures -$292.0K -$512.0K -$600.0K
Free Cash Flow $10.43M $4.190M $9.100M
YoY Change 14.66% -64.49% 75.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
-459000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-123000
us-gaap Depreciation
Depreciation
1609000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1077000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
33969000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4754000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-38000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15942000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
87718000
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3794000
CY2021Q4 agys Repurchases Of Shares To Satisfy Employee Tax Withholding
RepurchasesOfSharesToSatisfyEmployeeTaxWithholding
-193000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
1542000
CY2021Q4 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
-459000
CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
11000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
92413000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38100000
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
1800000
CY2021Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2900000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1100000
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8454000
CY2021Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
1796000
CY2021Q1 agys Accrued Legal Settlements
AccruedLegalSettlements
200000
CY2021Q1 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
79000
CY2021Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
97000
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
607000
CY2021Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
11233000
CY2021Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
1129000
CY2021Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
170000
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
2639000
CY2021Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
73000
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4011000
us-gaap Net Income Loss
NetIncomeLoss
3280000
agys Interest Paid Receipts
InterestPaidReceipts
-63000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
195000
us-gaap Operating Lease Payments
OperatingLeasePayments
4039000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
21000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
64000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
311000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.087
CY2021Q4 agys Operating Lease Not Yet Commenced
OperatingLeaseNotYetCommenced
11700000
CY2021Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
89000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25392000
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23429000
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1764000
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4513000
agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
231199
agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
204009
CY2021Q4 us-gaap Share Based Compensation
ShareBasedCompensation
3839000
CY2020Q4 us-gaap Share Based Compensation
ShareBasedCompensation
6630000
us-gaap Dividend Payment Restrictions Schedule Description
DividendPaymentRestrictionsScheduleDescription
The Holders are 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. We pay dividends in the same period as declared by the Company’s Board of Directors.
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0525
agys Business Combination Cash Consideration
BusinessCombinationCashConsideration
25000000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
22700000
agys Business Combination Total Purchase Price
BusinessCombinationTotalPurchasePrice
25000000

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