secwatch.observer — SEC 8-K summary
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Issuer:     AGILYSYS INC (AGYS)
CIK:        0000078749
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0000950170-24-006056
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agilysys Q3 revenue record $60.6M (+21% YoY); raises FY24 EBITDA guidance to 15% of revenue
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- Net revenue record $60.6M, up 21.3% YoY; subscription revenue grew 29.9%.
- Net income $76.9M includes $65.1M tax valuation allowance release; adjusted EPS $0.35 vs $0.26.
- Adjusted EBITDA $11.8M (19.4% margin) vs $8.1M; FY24 EBITDA margin guidance raised to 15%.
- FY24 revenue guidance maintained at $235-$238M; subscription revenue growth of 28% YoY.
- Free cash flow $11.3M; ending cash balance $116.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78749/000095017024006056/0000950170-24-006056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78749/000095017024006056/agys-20240122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-006056

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