- Tyler Technologies press release ( NYSE: TYL ): Q4 GAAP EPS of $0.73 misses by $0.06 .
- Revenue of $452.2M (+4.3% Y/Y) misses by $3.34M .
- Cash flows from operations were $121.9 million, up 6.0% from $115.0 million for the fourth quarter of 2021. Free cash flow was $114.7 million, up 20.6% from $95.1 million for the fourth quarter of 2021.
- Adjusted EBITDA was $109.8 million, down 0.4% from $110.3 million for the fourth quarter of 2021.
-
Full Year 2022 Financial Highlights:
-
Total revenues were $1.850 billion, up 16.2% from $1.592 billion in 2021. On an organic basis (excluding COVID-related revenues), revenues grew 8.2%. Non-GAAP total revenues were $1.850 billion, up 16.0% from $1.595 billion in 2021. On an organic basis, non-GAAP revenues grew 8.0%.
-
Operating income was $214.2 million, up 18.5% from $180.7 million in 2021. Non-GAAP operating income was $437.1 million, up 7.8% from $405.5 million in 2021.
-
Net income was $164.2 million, or $3.87 per diluted share, up 1.7% from $161.5 million, or $3.82 per diluted share in 2021. Non-GAAP net income was $318.1 million, or $7.50 per diluted share, up 7.3% from $296.5 million, or $7.02 per diluted share in 2021.
-
Cash flows from operations were $381.5 million, up 2.6% from $371.8 million in 2021. Free cash flow was $331.3 million, up 4.8% from $316.1 million in 2021.
-
Adjusted EBITDA was $475.0 million, up 9.0% from $435.7 million in 2021.
-
As of February 15, 2023, Tyler Technologies is providing the following guidance for the full year 2023:
- GAAP and non-GAAP total revenues are both expected to be in the range of $1.935 billion to $1.970 billion
- GAAP diluted earnings per share are expected to be in the range of $4.10 to $4.25 and may vary significantly due to the impact of stock incentive awards on the GAAP effective tax rate.
- Non-GAAP diluted earnings per share are expected to be in the range of $7.50 to $7.65.
For further details see:
Tyler Technologies GAAP EPS of $0.73 misses by $0.06, revenue of $452.2M misses by $3.34M