MAM Software (MAMS) Tops Q3 EPS by 3c, Slight Miss on Revenues

MAM Software (NASDAQ: MAMS) reported Q3 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $7.87 million versus the consensus estimate of $7.97 million.

Third Quarter Highlights:

• Net revenues of $7.9 million were down slightly compared to the same period last year. On a constant currency basis, revenues were up 9% over the same period last year.
• Recurring revenues were 82% of total revenues compared to 81% of total revenues for the same period last year.
• Total Software as a Service (SaaS) revenues increased 24% year-over-year and 6% sequentially.
• Operating income was $860,000, or 10.9% of revenues, versus $855,000, or 10.8% of revenues, for the same period last year. Changes in foreign currency exchange rates negatively impacted operating income by $166,000 as compared to the same period last year.
• Adjusted EBITDA* was $1.1 million, or 13% of revenues, versus $1.1 million, or 14% of revenues, for the same period last year. Changes in foreign currency exchange rates negatively impacted Adjusted EBITDA* by $178,000 as compared to the same period last year.
• Net income was $678,000 as compared to $596,000 in the same period last year. Changes in foreign currency exchange rates negatively impacted net income by $204,000, or $0.02 per basic and diluted share, as compared to the same period last year.

For earnings history and earnings-related data on MAM Software (MAMS) click here.

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