secwatch.observer — SEC 8-K summary
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Issuer:     AGILYSYS INC (AGYS)
CIK:        0000078749
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0000950170-22-013081
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78749/000095017022013081/0000950170-22-013081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78749/000095017022013081/agys-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013081

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