SPS(US:SPSC)2025-02-10 21:11Revenue Growth - Revenue for Q4 2024 was $170.9 million, an 18% increase from $145.0 million in Q4 2023[6] - Recurring revenue grew 19% year-over-year in Q4 2024[6] - For the fiscal year 2024, revenue reached $637.8 million, reflecting a 19% growth from $536.9 million in 2023[6] - The company expects Q1 2025 revenue to be between $178.5 million and $180.0 million, representing 19% to 20% year-over-year growth[12] - Fiscal year 2025 revenue guidance is projected to be between $758.0 million and $763.0 million, indicating 19% to 20% growth over 2024[12] - Revenues for the three months ended December 31, 2024, increased to $170,907 thousand, up 17.9% from $144,965 thousand in the same period of 2023[23] Profitability - Net income for Q4 2024 was $17.6 million, or $0.46 per diluted share, compared to $19.0 million, or $0.51 per diluted share in Q4 2023[6] - Net income for the twelve months ended December 31, 2024, rose to $77,054 thousand, a 17.0% increase from $65,824 thousand in 2023[25] - The diluted net income per share for the twelve months ended December 31, 2024, was $2.04, compared to $1.76 in 2023, marking a 15.9% increase[23] - Non-GAAP income per diluted share for Q4 2024 was $0.89, up from $0.75 in Q4 2023[6] EBITDA Performance - Adjusted EBITDA for Q4 2024 increased 18% to $49.6 million compared to Q4 2023[6] - Adjusted EBITDA for the three months ended December 31, 2024, was $49,639 thousand, compared to $41,957 thousand in the same period of 2023, reflecting a 18.4% increase[27] - The adjusted EBITDA margin remained stable at 29% for both the three and twelve months ended December 31, 2024, and 2023[27] Assets and Expenses - The company reported a total asset increase to $1,031.2 million in 2024 from $823.8 million in 2023[21] - Goodwill increased significantly to $399.2 million in 2024 from $249.2 million in 2023, indicating potential acquisitions or growth in value[21] - Total operating expenses for the twelve months ended December 31, 2024, were $338,168 thousand, an increase of 21.8% from $277,593 thousand in 2023[23] - Stock-based compensation expense for the twelve months ended December 31, 2024, was $54,557 thousand, compared to $45,508 thousand in 2023, indicating a 20.0% increase[27] Cash Flow - The company reported a net cash provided by operating activities of $157,398 thousand for the twelve months ended December 31, 2024, up from $132,298 thousand in 2023[25] - The company’s cash and cash equivalents at the end of the period increased to $241,017 thousand, up from $219,081 thousand at the beginning of the period[25] Gross Profit - Gross profit for the twelve months ended December 31, 2024, was $427,051 thousand, representing a 20.4% increase compared to $354,841 thousand in 2023[23]