secwatch.observer — SEC 8-K summary
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Issuer:     TYLER TECHNOLOGIES INC (TYL)
CIK:        0000860731
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000860731-22-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Tyler Tech Q3 organic rev +9%; subscription bookings record; FY22 guidance lowered on license revenue
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- Q3 total revenue $473.2M (+2.9%); organic ex-COVID grew 9.0%. Recurring revenue $371.7M (+0.2%), organic +9.3%.
- GAAP EPS $1.26; non-GAAP EPS $2.06. Adjusted EBITDA $126.9M (+1.5%).
- Subscription arrangements 91% of new software contract value (vs 74%); added $28.1M in ARR.
- Reduced term debt $190M; net leverage under 2x proforma EBITDA. Free cash flow $115.6M (down from $192.8M).
- FY22 revenue guidance lowered to $1.837-1.857B; non-GAAP EPS $7.51-7.65 (midpoint unchanged).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860731/000086073122000040/0000860731-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860731/000086073122000040/tyl-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000860731-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer