NIC Reports Fourth Quarter 2019 Results
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NIC (EGOV) Misses Q4 EPS by 1c, Revenues beat; Offers FY20 EPS Guidance Below Consensus, FY20 Revenue Mid-Point Outlook Above Consensus
January 29, 2020 4:17 PM ESTNIC (NASDAQ: EGOV) reported Q4 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $87.1 million versus the consensus estimate of $86.6 million.
Total revenues of $87.1 million, an 11% increase.Operating income of $11.7 million, a 7% decrease, reflecting higher costs to implement the Company\'s outdoor recreation solution in Pennsylvania and Illinois, and dilution from the Company\'s recently-acquired RxGov® and NIC Licensing Solutions businesses, including higher amortization expense.Net income of $10.0 million, a 1% increase.Diluted earnings per... More