secwatch.observer — SEC 8-K summary
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Issuer:     AGILYSYS INC (AGYS)
CIK:        0000078749
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000950170-22-020015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agilysys reports record Q2 revenue $47.7M (+26% YoY); EPS $0.12 vs $0.02; guides FY23 $190-195M
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- Total net revenue $47.7M (record), up 26% YoY; recurring revenue $29.0M, subscription up 28.6%.
- GAAP net income $3.1M ($0.12 diluted EPS) vs $0.5M ($0.02) prior year; adjusted EPS $0.24.
- Adjusted EBITDA $7.4M vs $6.3M prior year; free cash flow $2.3M; cash $96.2M.
- FY2023 guidance reiterated: revenue $190-195M, >15% adjusted EBITDA, ~30% subscription growth.
- Gross margin 61.5% vs 64.0% prior year; one-time revenue up 35% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78749/000095017022020015/0000950170-22-020015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78749/000095017022020015/agys-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020015

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