---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-013081"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2022-07-26T23:59:59+00:00"
generated_at: "2026-06-24T08:58:19.664961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Agilysys reports record Q1 revenue of $47.5M (+22.7% YoY); reiterates FY23 guidance

## Summary
- Revenue $47.5M (record), up 22.7% YoY; subscription revenue up 29.5% to 47.4% of recurring.
- Net income $2.6M ($0.10 diluted EPS) vs $1.5M ($0.06); adjusted EPS $0.21 (flat YoY).
- Adjusted EBITDA $6.7M vs $6.9M; free cash flow $0.0M vs $7.7M; cash $94.9M.
- FY23 guidance reaffirmed: revenue $190-195M, subscription growth ~30%, Adj. EBITDA >15%.
- CEO cites good momentum, increased sales/marketing spend; gross margin 60.0% vs 64.2%.

## SEC filing metadata
- accession: 0000950170-22-013081
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2022-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78749/000095017022013081/0000950170-22-013081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000095017022013081/agys-20220726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-013081
- JSON: https://secwatch.observer/filing/0000950170-22-013081.json
- Plain text: https://secwatch.observer/filing/0000950170-22-013081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.