{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-034053","form_type":"8-K","ticker":"AGYS","cik":"0000078749","company_name":"AGILYSYS INC","filed_at":"2023-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.649737+00:00","generated_at":"2026-06-13T04:37:45.128954+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Agilysys reports record Q1 revenue of $56.1M; subscription revenue up 27.4%","bullets":["Record total net revenue $56.1M (+18% YoY); subscription revenue grew 27.4% to $32.1M (57.3% of revenue).","GAAP net income $1.1M ($0.04 diluted EPS) vs $2.6M ($0.10) prior year; adjusted EPS $0.18 (vs $0.21).","Adjusted EBITDA $6.3M (11.2% of revenue) vs $6.7M prior year; free cash flow -$3.0M.","Reaffirms FY2024 guidance: revenue $230-235M, 25% subscription growth, adjusted EBITDA 13% of revenue.","Management cites best-ever Q1 sales in annual contract value; backlog near record levels."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-034053","json":"https://secwatch.observer/filing/0000950170-23-034053.json","markdown":"https://secwatch.observer/filing/0000950170-23-034053.md","text":"https://secwatch.observer/filing/0000950170-23-034053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/78749/000095017023034053/0000950170-23-034053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/78749/000095017023034053/agys-20230724.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:37:45.128954+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8836df371716a4550a02a9b6d7df67a79947aea5","claim":"AGILYSYS INC reported fiscal 2024 first quarter ending June 30, 2023 results: revenue $56.1 million, net income $1.1 million, EPS $0.04 per diluted share. Guidance reaffirmed.","evidence_excerpt":"Summary of Fiscal 2024 First Quarter Financial Results • Total net revenue increased 18.0% to a record $56.1 million, compared to total net revenue of $47.5 million in the comparable prior-year period. • Recurring revenue (comprised of subscription and maintenance charges) was a record $32.1 million, or 57.3% of total net revenue compared to $27.7 million, or 58.4% of total net revenue for the same period in fiscal 2022. Subscription revenue increased 27.4% year-over-year and was 52.2% of total recurring revenue compared to 47.4% of total recurring revenue in the first quarter of fiscal 2023. • Gross margin was 59.0% compared to 60.0% in the comparable prior-year period. • Net income attributable to common shareholders was $1.1 million, or $0.04 per diluted share compared to $2.6 million, or $0.10 per diluted share in the comparable prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/78749/000095017023034053/0000950170-23-034053-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter ending June 30, 2023"},{"label":"Revenue","value":"$56.1 million"},{"label":"Net income","value":"$1.1 million"},{"label":"EPS","value":"$0.04 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}