American Software, Inc. (NASDAQ:AMSWA) Q1 2023 Earnings Conference Call August 24, 2022 5:00 PM ET Company Participants Vincent Klinges – CFO Allan Dow - President and CEO Conference Call Participants Matt Pfau - William Blair Matthew Galinko - Maxim Group Zachary Cummins - B. Riley Securities Anja Soderstrom - Sidoti Operator Good day, everyone, and welcome to today's First Quarter Fiscal Year '23 Preliminary Financial Results. At this time, all participants are in a listen-only mode. Later, you will have ...

Part I [Business](index=5&type=section&id=Item%201.%20Business) American Software, Inc. operates through three segments: Supply Chain Management (SCM), IT Consulting, and Other, providing a cloud-architected SCM platform and related services [Company Overview](index=5&type=section&id=Company%20Overview) American Software, incorporated in 1970, provides software and services through three main operating segments: Supply Chain Management (SCM), IT Consulting, and an "Other" segment for legacy ERP clients - The company operates through three major segments: **Supply Chain Management (SCM)**, **IT Consulting**, and **Other (legacy ERP)**[11](index=11&type=chunk) - The core offering is the **Logility Digital Supply Chain Platform**, which uses AI and machine learning to automate business processes[12](index=12&type=chunk) - Revenue is derived from four sources: **subscriptions, software licenses, maintenance, and services**, with subscription and maintenance agreements typically lasting three to five years[15](index=15&type=chunk) [Market Opportunity and Strategy](index=6&type=section&id=Market%20Opportunity%20and%20Strategy) The company targets the growing supply chain management software market, focusing on creating sustainable supply chains, expanding partnerships, and pursuing complementary acquisitions - Gartner forecasts the Supply Chain Management software market to grow at a **14.6% CAGR**, reaching **$31 billion by 2025**[18](index=18&type=chunk) - Key company strategies include enabling client sustainability, expanding strategic partnerships, and acquiring complementary businesses and technologies[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) [Products and Services](index=8&type=section&id=Products%20and%20Services) The company offers a comprehensive, cloud-architected SCM platform covering seven key processes, alongside technology staffing and support for legacy ERP products - The SCM platform encompasses seven critical planning processes, including **Product Lifecycle Management, Demand Planning, Inventory Optimization, and Supply Planning**[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) - The company provides **24/7 support services**, which are included in subscriptions or offered via separate maintenance contracts for licensed products[28](index=28&type=chunk) - Professional services include **cloud hosting, managed services, and implementation and training**, which typically takes three to nine months[29](index=29&type=chunk)[30](index=30&type=chunk) [Competition](index=12&type=section&id=Competition) The company faces diverse competition from large ERP vendors and specialized SCM software providers, leveraging its comprehensive platform and domain expertise as key advantages - Competitors include large ERP vendors (**SAP, Oracle**), specialized SCM vendors (**Blue Yonder, o9 Solutions, Kinaxis**), and internal corporate IT departments[37](index=37&type=chunk) - Principal competitive advantages are cited as the **comprehensive solution platform, ability to generate quick business benefits, deep domain expertise, and rapid deployment**[39](index=39&type=chunk) [Human Capital, Data Privacy and Security](index=14&type=section&id=Human%20Capital%2C%20Data%20Privacy%20and%20Security) As of April 30, 2022, the company had 418 full-time employees and over 100 contractors, maintaining robust data privacy and security measures compliant with global regulations - As of April 30, 2022, the company employed **418 full-time employees** and **over 100 independent contractors**[48](index=48&type=chunk) - The company maintains compliance with data privacy laws such as **GDPR in the EU/UK and CCPA in the United States**[55](index=55&type=chunk)[56](index=56&type=chunk) - An independent third-party audit provides a **SOC 2 Type II report annually**, attesting to the effectiveness of the company's controls for security, availability, and confidentiality[59](index=59&type=chunk) - Client data in cloud solutions is hosted in a **Microsoft Azure environment**, which provides geo-redundant storage and other security measures[60](index=60&type=chunk) [Risk Factors](index=17&type=section&id=Item%201A.%20Risk%20Factors) The company identifies numerous risks that could adversely affect its business, including economic disruptions, intense competition, industry dependence, and its "controlled company" status - Economic risks include disruptions from the **COVID-19 pandemic, the invasion of Ukraine**, and potential reductions in technology spending by clients[66](index=66&type=chunk)[76](index=76&type=chunk) - The company faces intense competition from large ERP vendors (**SAP, Oracle**) and specialized SCM vendors who have significantly greater resources[67](index=67&type=chunk)[85](index=85&type=chunk) - A significant portion of revenue is derived from the **retail industry**, making the company vulnerable to downturns in that sector[68](index=68&type=chunk)[92](index=92&type=chunk) - The company is a **"controlled company"** as one shareholder, James C. Edenfield, has the right to elect a majority of the Board of Directors, which exempts it from certain NASDAQ governance requirements[71](index=71&type=chunk)[146](index=146&type=chunk)[148](index=148&type=chunk) [Properties](index=37&type=section&id=Item%202.%20Properties) The company owns its corporate headquarters in Atlanta, Georgia, and leases additional sales and technology development offices both domestically and internationally - The company owns its **100,000 sq. ft. corporate headquarters in Atlanta, Georgia**[157](index=157&type=chunk) - Leased office spaces are maintained in the US and internationally to support sales and development[157](index=157&type=chunk) [Legal Proceedings](index=38&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings and believes any existing matters will not have a material adverse effect - As of the report date, the company is **not a party to any material legal proceedings**[159](index=159&type=chunk) [Mine Safety Disclosures](index=39&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's business - Not applicable[161](index=161&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities](index=41&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's Class A Common Shares trade on NASDAQ, maintains a quarterly dividend of $0.11 per share, and has an ongoing share repurchase program - The company's Class A Common Shares are listed on the **NASDAQ Global Select Market** under the symbol **"AMSWA"**[164](index=164&type=chunk) - The quarterly dividend was increased to **$0.11 per share in May 2016** and is expected to continue at this level[167](index=167&type=chunk) Equity Compensation Plan Information (as of April 30, 2022) | Plan Category | Securities to be issued upon exercise | Weighted-average exercise price | Securities remaining for future issuance | | :--- | :--- | :--- | :--- | | Equity compensation plans approved by security holders | 4,540,104 | $16.05 | 2,902,643 | - Under a 2002 board authorization, the company has authority to repurchase up to **2.0 million shares**; **946,321 shares remained available for repurchase** as of April 30, 2022[173](index=173&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=46&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In fiscal 2022, total revenue increased 14% to $127.6 million, driven by strong subscription and license fee growth, leading to significant increases in operating income and net earnings [Results of Operations](index=48&type=section&id=Results%20of%20Operations) For fiscal year 2022, total revenue increased by 14% to $127.6 million, driven by a 46% surge in subscription fees and an 80% rise in license fees Fiscal 2022 vs. 2021 Revenue Breakdown (in thousands) | Revenue Type | FY 2022 | FY 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Subscription fees | $42,066 | $28,877 | +46% | | License fees | $5,390 | $2,993 | +80% | | Professional services & other | $43,476 | $39,616 | +10% | | Maintenance | $36,621 | $39,922 | -8% | | **Total Revenue** | **$127,553** | **$111,408** | **+14%** | Fiscal 2022 vs. 2021 Profitability (in thousands) | Metric | FY 2022 | FY 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Gross Margin | $75,795 (59%) | $60,980 (54%) | +24% | | Operating Income | $13,156 | $4,361 | +202% | | Net Earnings | $12,782 | $8,089 | +58% | - The **SCM segment** was the primary growth driver, with revenue increasing **16%** and operating income increasing **54%** in fiscal 2022 compared to fiscal 2021[199](index=199&type=chunk)[228](index=228&type=chunk) - The increase in subscription revenue was driven by a **26% increase in Cloud Services Annual Contract Value (ACV)** to **$48.2 million**[205](index=205&type=chunk) [Liquidity and Capital Resources](index=56&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with $127.5 million in cash and investments and no debt, primarily funding operations through robust cash flow from operating activities Cash Flow Summary (in thousands) | Cash Flow | FY 2022 | FY 2021 | | :--- | :--- | :--- | | Net cash from operating activities | $29,020 | $17,756 | | Net cash used in investing activities | ($934) | ($1,298) | | Net cash used in financing activities | ($6,054) | ($7,614) | Cash and Investments Position (in thousands) | As of April 30, | 2022 | 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $110,690 | $88,658 | | Investments | $16,826 | $16,006 | | **Total cash and investments** | **$127,516** | **$104,664** | - **Days Sales Outstanding (DSO)** improved to **62 days** as of April 30, 2022, compared to 85 days at the end of the prior fiscal year[239](index=239&type=chunk) - The company has **no debt obligations** or off-balance sheet financing arrangements[232](index=232&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=57&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exposed to market risks from foreign currency fluctuations and interest rate changes, with international revenue accounting for 16% of total revenue in fiscal 2022 - International revenue was **16% of total revenue in fiscal 2022**, creating exposure to foreign currency risk[242](index=242&type=chunk) - A **10% change in foreign currency exchange rates** would result in an estimated exchange gain or loss of approximately **$0.3 million** for fiscal 2022[242](index=242&type=chunk) - Interest rate risk is managed with an investment portfolio of **high-credit-quality, short-maturity instruments**, and the company does not expect a 10% rate fluctuation to have a material effect[243](index=243&type=chunk)[245](index=245&type=chunk) [Consolidated Financial Statements and Supplementary Data](index=59&type=section&id=Item%208.%20Consolidated%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for fiscal year 2022, including management's assertion of effective internal controls and the auditor's unqualified opinion [Auditor's Report and Management's Assessment](index=60&type=section&id=Auditor%27s%20Report%20and%20Management%27s%20Assessment) Management concluded that the company's internal control over financial reporting was effective, and KPMG LLP issued an unqualified opinion, noting revenue testing as a critical audit matter - Management assessed internal controls over financial reporting as **effective as of April 30, 2022**, based on the COSO framework[252](index=252&type=chunk) - **KPMG LLP issued an unqualified opinion** on the consolidated financial statements and internal controls[255](index=255&type=chunk)[262](index=262&type=chunk) - A critical audit matter was identified concerning the **sufficiency of audit evidence for revenue recognition**, due to the high volume of transactions and reliance on IT systems[266](index=266&type=chunk)[267](index=267&type=chunk) [Consolidated Financial Statements](index=65&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements for fiscal year 2022 show total assets of $192.8 million, total revenue of $127.6 million, and net earnings of $12.8 million, reflecting strong financial performance Consolidated Balance Sheet Highlights (in thousands) | As of April 30, | 2022 | 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $110,690 | $88,658 | | Total Assets | $192,835 | $177,157 | | Total Liabilities | $59,859 | $54,766 | | Total Shareholders' Equity | $132,976 | $122,391 | Consolidated Statement of Operations Highlights (in thousands) | For the Year Ended April 30, | 2022 | 2021 | | :--- | :--- | :--- | | Total Revenue | $127,553 | $111,408 | | Operating Income | $13,156 | $4,361 | | Net Earnings | $12,782 | $8,089 | | Diluted EPS | $0.37 | $0.24 | [Notes to Consolidated Financial Statements](index=69&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, segment performance, and a significant subsequent event: the acquisition of Starboard Solutions Corp. for approximately $6.5 million cash FY 2022 Segment Performance (in thousands) | Segment | Revenue | Operating Income | | :--- | :--- | :--- | | Supply Chain Management | $104,288 | $29,164 | | IT Consulting | $21,032 | $1,601 | | Other | $2,233 | ($17,609) | - As of April 30, 2022, the company had remaining performance obligations of approximately **$134.0 million**, with **47% expected to be recognized as revenue in the next 12 months**[300](index=300&type=chunk) - Subsequent to fiscal year-end, on June 28, 2022, the company acquired the assets of **Starboard Solutions Corp. for ~$6.5 million cash** plus a potential **$6.0 million earn-out over three years**[402](index=402&type=chunk)[403](index=403&type=chunk) - The effective income tax rate for fiscal 2022 was **7.6%**, down from 8.6% in 2021, primarily due to higher excess tax benefits from stock option deductions[367](index=367&type=chunk) [Controls and Procedures](index=90&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of April 30, 2022, with no material changes to internal controls during the last fiscal quarter - Management concluded that **disclosure controls and procedures were effective** as of April 30, 2022[407](index=407&type=chunk) - No material changes were made to internal controls over financial reporting during the last fiscal quarter[410](index=410&type=chunk) Part III Part III of the report, covering Items 10 through 14, incorporates information by reference from the company's Proxy Statement for the 2022 Annual Meeting of Shareholders [Directors, Executive Officers and Corporate Governance](index=92&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information required by this item is incorporated by reference from the company's Proxy Statement - Information regarding directors, executive officers, and corporate governance is **incorporated by reference from the Proxy Statement**[413](index=413&type=chunk) [Executive Compensation](index=92&type=section&id=Item%2011.%20Executive%20Compensation) Information required by this item is incorporated by reference from the company's Proxy Statement - Information regarding executive compensation is **incorporated by reference from the Proxy Statement**[414](index=414&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=92&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information required by this item is incorporated by reference from the company's Proxy Statement - Information regarding security ownership is **incorporated by reference from the Proxy Statement**[416](index=416&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=92&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information required by this item is incorporated by reference from the company's Proxy Statement - Information regarding related transactions and director independence is **incorporated by reference from the Proxy Statement**[418](index=418&type=chunk) [Principal Accountant Fees and Services](index=93&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information required by this item is incorporated by reference from the company's Proxy Statement - Information regarding principal accountant fees and services is **incorporated by reference from the Proxy Statement**[420](index=420&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=95&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists the documents filed as part of the Form 10-K, including financial statements, Schedule II, and various required exhibits and certifications - Lists all financial statements, Schedule II, and exhibits filed with the report[423](index=423&type=chunk) [Form 10-K Summary](index=98&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is noted as "None," indicating no summary is provided under this section - None[432](index=432&type=chunk)

American Software, Inc. (NASDAQ:AMSWA) Q4 2022 Earnings Conference Call June 8, 2022 5:00 PM ET Company Participants Allan Dow - President & CEO Vincent Klinges - CFO Conference Call Participants Matthew Pfau - William Blair Matthew Galinko - Maxim Group Anja Soderstrom - Sidoti Zachary Cummins - B. Riley Securities Operator Good day, everyone, and welcome to today's Fourth Quarter and Fiscal Year '22 Financial Results. At this time, all participants are in a listen-only mode. Later, you have the opportunit ...

Part I—Financial Information [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for the three and nine months ended January 31, 2022 and 2021 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Jan 31, 2022 | Apr 30, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $98,355 | $88,658 | | Total current assets | $148,711 | $136,623 | | Total assets | $186,050 | $177,157 | | **Liabilities & Equity** | | | | Total current liabilities | $51,911 | $50,664 | | Total liabilities | $55,171 | $54,766 | | Total shareholders' equity | $130,879 | $122,391 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Statement of Operations Highlights (in thousands, except per share data) | Metric | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $32,422 | $27,683 | $92,904 | $82,842 | | Gross Margin | $18,950 | $15,261 | $54,240 | $44,319 | | Operating Income | $3,239 | $935 | $7,699 | $2,451 | | Net Earnings | $2,940 | $2,311 | $9,201 | $5,037 | | Diluted EPS | $0.09 | $0.07 | $0.27 | $0.15 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary for the Nine Months Ended Jan 31 (in thousands) | Cash Flow Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $14,050 | $13,933 | | Net cash used in investing activities | ($801) | ($1,065) | | Net cash used in financing activities | ($3,552) | ($5,961) | | **Net change in cash and cash equivalents** | **$9,697** | **$6,907** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) - As of January 31, 2022, the company had approximately **$129 million** in remaining performance obligations, with about **46%** expected to be recognized as revenue over the next 12 months[38](index=38&type=chunk) - The company's business is organized into three operating segments: Supply Chain Management (SCM), IT Consulting, and Other, with SCM being the largest contributor to both revenue and operating income[75](index=75&type=chunk)[76](index=76&type=chunk) Revenue and Operating Income by Segment - Nine Months Ended Jan 31, 2022 (in thousands) | Segment | Revenue | Operating Income | | :--- | :--- | :--- | | Supply Chain Management | $75,692 | $19,531 | | IT Consulting | $15,544 | $1,005 | | Other | $1,668 | ($12,837) | | **Total** | **$92,904** | **$7,699** | - No single customer accounted for more than **10%** of total revenue for the three and nine months ended January 31, 2022 and 2021[81](index=81&type=chunk) - On February 16, 2022, the Board of Directors declared a quarterly cash dividend of **$0.11 per share**, payable on May 20, 2022[84](index=84&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, including revenue growth, gross margin, liquidity, and critical accounting policies [Comparison of Results of Operations](index=24&type=section&id=Comparison%20of%20Results%20of%20Operations) Total Revenue Comparison (in thousands) | Period | FY 2022 | FY 2021 | % Change | | :--- | :--- | :--- | :--- | | Three Months Ended Jan 31 | $32,422 | $27,683 | 17% | | Nine Months Ended Jan 31 | $92,904 | $82,842 | 12% | - The increase in revenue was primarily driven by significant growth in subscription fees, which rose **45%** for the quarter and **49%** for the nine-month period, reflecting the successful transition to a cloud subscription model[109](index=109&type=chunk)[112](index=112&type=chunk) - Maintenance revenue decreased by **10%** for the quarter and **9%** for the nine-month period, mainly due to customer attrition in the SCM segment as clients transition from on-premise licenses to cloud subscriptions[118](index=118&type=chunk) Gross Margin Percentage Comparison | Revenue Stream | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Subscription fees | 68% | 59% | 68% | 58% | | License fees | 76% | 46% | 74% | 14% | | Professional services | 30% | 24% | 29% | 23% | | Maintenance | 80% | 81% | 80% | 82% | | **Total Gross Margin** | **57%** | **55%** | **58%** | **53%** | - Operating income for the SCM segment increased by **53%** for the nine months ended Jan 31, 2022, compared to the prior year, primarily due to improved gross margins[133](index=133&type=chunk)[136](index=136&type=chunk) [Liquidity, Capital Resources and Financial Condition](index=32&type=section&id=Liquidity%2C%20Capital%20Resources%20and%20Financial%20Condition) - The company has no debt obligations or off-balance sheet financing arrangements[140](index=140&type=chunk) - As of January 31, 2022, the company had **$114.8 million** in cash and investments and believes its liquidity is sufficient for at least the next twelve months[147](index=147&type=chunk) - Days Sales Outstanding (DSO) increased to **77 days** as of January 31, 2022, from **65 days** a year prior, due to the timing of billings and collections[146](index=146&type=chunk) [Critical Accounting Policies and Estimates](index=33&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) - A key area of judgment is determining the standalone selling price (SSP) for products and services, using a residual approach for on-premise licenses rarely sold alone[156](index=156&type=chunk)[157](index=157&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section details the company's exposure to market risks, primarily from foreign currency and interest rate fluctuations - Approximately **16%** of revenue was generated outside the United States, where a hypothetical **10%** movement in foreign currency rates could result in a gain or loss of up to **$0.4 million** for the quarter[159](index=159&type=chunk) - The company has no debt, and interest rate risk on its investment portfolio, valued at approximately **$105.7 million**, is managed by holding high-credit-quality, short-maturity instruments[160](index=160&type=chunk) [Controls and Procedures](index=37&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of January 31, 2022 - Based on an evaluation, the principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[166](index=166&type=chunk) - There were no changes in internal control over financial reporting during the fiscal quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control[167](index=167&type=chunk) Part II—Other Information [Legal Proceedings](index=38&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it is not currently involved in any legal proceedings that would require disclosure under this item - The company is not currently involved in legal proceedings requiring disclosure[169](index=169&type=chunk) [Risk Factors](index=38&type=section&id=Item%201A.%20Risk%20Factors) This section refers readers to the risk factors disclosed in the company's Annual Report for fiscal 2021, confirming that no material changes have occurred since that filing - There have been no material changes to the risk factors as previously disclosed in the company's Annual Report for fiscal 2021[170](index=170&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=38&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports that there were no unregistered sales of equity securities during the period - None reported for the period[170](index=170&type=chunk) [Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include corporate governance documents, certifications by the CEO and CFO, and XBRL data files - The report includes exhibits such as Amended and Restated Articles of Incorporation, By-Laws, Rule 13a-14(a)/15d-14(a) Certifications, Section 906 Certifications, and various XBRL documents[171](index=171&type=chunk)

American Software, Inc. (NASDAQ:AMSWA) Q3 2022 Earnings Conference Call February 23, 2022 5:00 PM ET Company Participants Allan Dow - President & CEO Vincent Klinges - CFO Conference Call Participants Matt Pfau - William Blair & Company Zach Cummins - B. Riley Securities Anja Soderstrom - Sidoti & Co Operator Good day, everyone and welcome to today's Third Quarter Fiscal Year 2022 Financial Results. At this time, all participants are in a listen-only mode. Later you'll have the opportunity to ask questions ...

American Software, Inc. (NASDAQ:AMSWA) Q2 2021 Earnings Conference Call November 18, 2021 5:00 PM ET Company Participants Allan Dow - President & CEO Vincent Klinges - CFO Conference Call Participants Matt Pfau - William Blair & Company Zach Cummins - B. Riley Securities Matthew Galinko - Sidoti & Company Operator Good day, everyone. And welcome to today's Second Quarter Fiscal Year 2022 Financial Results. At this time, all participants are in a listen only mode. Later you'll have the opportunity to ask que ...

American Software, Inc. (NASDAQ:AMSWA) Q1 2022 Earnings Conference Call August 25, 2021 5:00 PM ET Company Participants Vincent Klinges - Chief Financial Officer Allan Dow - President, Chief Executive Officer & Director Conference Call Participants Matt Pfau - William Blair & Company Zach Cummins - B. Riley Securities Matthew Galinko - Sidoti & Company Operator Good day, everyone. And welcome to today's American Software First Quarter Fiscal Year 2022 Financial Results. At this time, all participants are in ...