American Software(US:AMSWA)2025-02-21 15:23Revenue and Subscription Fees - Subscription fees for Q3 FY 2025 were $14.8 million, a 5% increase from $14.1 million in the same period last year[5] - Total revenues for Q3 FY 2025 decreased 2% to $25.0 million, down from $25.5 million year-over-year, primarily due to a decline in services and maintenance revenue[5] - Maintenance revenues for Q3 FY 2025 decreased 12% to $6.8 million compared to $7.7 million in the same period last year[5] - Professional services and other revenues for Q3 FY 2025 decreased 21% to $2.7 million from $3.4 million year-over-year[5] - Total revenues for the nine months ended January 31, 2025, were $76.5 million, compared to $77.1 million for the same period last year[7] - Subscription fees increased by 5% to $14,818 million in Q3 2025 compared to $14,114 million in Q3 2024[17] - Total revenues decreased by 2% to $25,007 million in Q3 2025 from $25,536 million in Q3 2024[17] - Professional services and other revenues declined by 21% to $2,712 million in Q3 2025 compared to $3,418 million in Q3 2024[17] Net Income and Loss - GAAP net loss from continuing operations for Q3 FY 2025 was ($2.8) million or ($0.08) per fully diluted share, compared to net income of $4.2 million or $0.12 per fully diluted share for the same period last year[8] - Net loss from continuing operations was $2,758 million in Q3 2025, a significant decrease from a profit of $4,152 million in Q3 2024[17] - For the third quarter ended January 31, 2025, the company reported a net loss of $0.08 per share, compared to earnings of $0.12 per share in the same period last year, representing an 86% decline[19] - Adjusted net earnings from continuing operations decreased by 26% to $0.14 per share for the third quarter, down from $0.19 per share in the prior year[19] Operating Expenses - Operating expenses rose by 30% to $20,267 million in Q3 2025 from $15,631 million in Q3 2024[17] - Operating expenses increased by 65% to $573 million for the nine months ended January 31, 2025, compared to $347 million in the same period last year[19] Cash and Investments - The company reported a cash and investments balance of approximately $79.3 million as of the end of Q3 FY 2025[10] - Cash and cash equivalents at the end of the period were $34.359 million, down from $59.512 million at the beginning of the period, indicating a decrease of 42%[20] - The company reported a net cash used in operating activities of continuing operations of $(13.845) million for the nine months ended January 31, 2025, compared to $7.916 million provided in the previous year[20] Acquisition - Logility will not be hosting an earnings conference call for Q3 FY 2025 due to the pending acquisition by Aptean[3] - Aptean has agreed to acquire Logility for $14.30 per share in an all-cash transaction, expected to close in Q2 FY 2025[2] Research and Development - Research and development expenses increased by 4% to $4,748 million in Q3 2025 compared to $4,546 million in Q3 2024[17] - Research and development expenses increased by 12% to $195 million for the third quarter compared to $174 million in the prior year[19] Dividends and Liabilities - The company paid dividends totaling $11.027 million during the nine months ended January 31, 2025, slightly down from $11.272 million in the previous year[20] - Total liabilities decreased to $54.873 million as of January 31, 2025, from $61.963 million as of April 30, 2024, a reduction of 11%[19]