ACI Worldwide Q1 net loss $32M, revenue $290M; extends credit facility maturity to 2025

ACI WORLDWIDE, INC.

2023-Q1 EPS reported -$0.30 revenue$289,676,000

Total revenue $290M, down 5% adjusted for FX and divestiture; recurring revenue up 9% adjusted.
Net loss $32M; adjusted EBITDA $25M vs $68M in Q1 2022.
Biller segment revenue up 11% and adjusted EBITDA up 12% YoY.
Full-year 2023 guidance reiterated: revenue $1.436B-$1.466B, adjusted EBITDA $380M-$395M.
Credit agreement extended: revolver, term loan and delayed-draw term loan maturities moved from April 2024 to April 2025.

item 1.01 item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACI WORLDWIDE, INC. reported the quarter ended March 31, 2023 results: revenue $290 million, net income $32 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $290 million
Net income: $32 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

In Q1 2023, total revenue was $290 million, down 5% adjusted for FX and the divestiture. Recurring revenue grew 9%, adjusting for FX and the divestiture. Net loss was $32 million.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ACI WORLDWIDE, INC. amended Extension Agreement with Bank of America, N.A. (effective 2023-04-28).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Effective: 2023-04-28

Exact text from the filing

On April 28, 2023, ACI Worldwide, Inc. (“the Company”) entered into an Extension Agreement (the "Amendment") with ACI Worldwide Corp., ACI Payments, Inc. and Bank of America, N.A., as administrative agent for the lenders, to the Company's Second Amended and Restated Credit Agreement, dated as of April 5, 2019 (the "Credit Agreement").

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ACI WORLDWIDE, INC. filing history →

Source: SEC EDGAR

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