Agilysys, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018; Reiterates Earnings Guidance for the Year 2019
January 24, 2019 at 09:05 pm
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Agilysys Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company's total net revenue was $36,014,000 compared to $31,310,000 a year ago. Operating loss was $3,878,000 compared to $3,613,000 a year ago. Net loss was $4,048,000 or $0.18 per basic and diluted share compared to $1,934,000 or $0.08 per basic and diluted share a year ago.
For the nine months, the company's total net revenue was $104,224,000 compared to $95,305,000 a year ago. Operating loss was $9,323,000 compared to $9,830,000 a year ago. Net loss was $9,575,000 or $0.42 per basic and diluted share compared to $8,138,000 or $0.36 per basic and diluted share a year ago.
The company reiterated its forecast for fiscal 2019 full year revenue growth of approximately 10%, compared to fiscal 2018 revenue of approximately $127 million.
Agilysys, Inc. is a provider of hospitality software that delivers cloud-native software-as-a-service (SaaS) and on-premises solutions for hotels, resorts, cruise lines, casinos, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The Company offers software solutions to the hospitality industry, including point-of-sale (POS), property management Systems (PMS), inventory and procurement, payments, and related applications, to manage the entire guest journey. It is a developer and marketer of software-enabled solutions and services to the hospitality industry, including software solutions integrated with third-party hardware and operating systems; subscriptions and maintenance; and professional services. Its POS solutions include InfoGenesis, IG Flex, IG Kiosk, IG KDS, IG OnDemand, IG Quick Pay, IG Smart Menu, IG PanOptic Kiosk, and IG Digital Menu Board. Its PMS solutions include Agilysys LMS, Agilysys Versa, Agilysys Stay, and others.
Agilysys, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018; Reiterates Earnings Guidance for the Year 2019