GTY Technology (GTYH) Misses Q3 EPS by 10c, Revenues Beat

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Go back to GTY Technology (GTYH) Misses Q3 EPS by 10c, Revenues Beat

GTY Technology Holdings Announces Third Quarter 2020 Results; 44% Revenue Growth; Cash-Flow Positive

November 5, 2020 7:30 AM EST

BOSTON--(BUSINESS WIRE)-- GTY Technology Holdings Inc. (Nasdaq: GTYH) (GTY), a leading vertical SaaS/Cloud solution provider for the public sector, today announced financial results for the third quarter and nine months ended September 30, 2020.

Third Quarter Highlights

Topline growth, cost management, customer satisfaction and continued strength of government digital transformation:

Cash flow positive for the quarter; total cash increased by $0.2 million Conclusion of review of strategic alternatives High demand for GTY Budgeting, Procurement and Grants Management Solutions Nine months to date GAAP revenues up 40%... More