Company profile

Ticker
AMSWA
Exchange
CEO
H. Allan Dow
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
581098795

AMSWA stock data

(
)

Calendar

10 Jul 20
10 Jul 20
30 Apr 21

News

Company financial data Financial data

Quarter (USD) Apr 20 Jan 20 Oct 19 Jul 19
Revenue 29.27M 30.6M 28.21M 27.38M
Net income 545K 3.29M 1.76M 1.15M
Diluted EPS 0.02 0.1 0.05 0.04
Net profit margin 1.86% 10.74% 6.24% 4.21%
Operating income 1.59M 2.82M 843K 797K
Net change in cash 11.01M 6.13M -38K 1.43M
Cash on hand 79.81M 68.81M 62.68M 62.72M
Cost of revenue 13.37M 13.16M 13.02M 12.76M
Annual (USD) Apr 20 Apr 19 Apr 18 Apr 17
Revenue 115.47M 108.71M 112.7M 106.29M
Net income 6.74M 6.8M 12.05M 14.62M
Diluted EPS 0.21 0.22 0.4 0.49
Net profit margin 5.84% 6.26% 10.69% 13.76%
Operating income 6.05M 5.28M 13.53M 7.77M
Net change in cash 18.53M 8.49M -13.21M 17M
Cash on hand 79.81M 61.29M 52.79M 66M
Cost of revenue 52.31M 51.97M 50M 51.08M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Hogue Dennis Common Stock Sell Dispose S No 15.825 3,000 47.48K 12,274
30 Jun 20 Hogue Dennis Stock Option Common Stock Option exercise Dispose M No 9.31 3,000 27.93K 0
30 Jun 20 Hogue Dennis Common Stock Option exercise Aquire M No 9.31 3,000 27.93K 15,274
29 Jun 20 Edenfield James C Common Stock Sell Dispose S No 15.6 9,223 143.88K 60,000
29 Jun 20 Edenfield James C Common Stock Option exercise Aquire M No 13.68 9,223 126.17K 69,223
29 Jun 20 Edenfield James C Stock Option Common Stock Option exercise Dispose M No 13.68 9,223 126.17K 0
29 Jun 20 Edenfield James C Common Stock Sell Dispose S No 15.6 9,223 143.88K 60,000
29 Jun 20 Edenfield James C Common Stock Option exercise Aquire M No 13.68 9,223 126.17K 69,223
29 Jun 20 Edenfield James C Stock Option Common Stock Option exercise Dispose M No 13.68 9,223 126.17K 0
26 Jun 20 Edenfield James C Stock Option Common Stock Option exercise Dispose M No 13.68 8,777 120.07K 9,223
80.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 135 115 +17.4%
Opened positions 30 15 +100.0%
Closed positions 10 10
Increased positions 37 39 -5.1%
Reduced positions 47 35 +34.3%
13F shares
Current Prev Q Change
Total value 348.94M 367.84M -5.1%
Total shares 24.56M 24.72M -0.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Brown Capital Management 3.84M $54.6M -5.0%
Kayne Anderson Rudnick Investment Management 2.23M $31.66M -9.3%
BLK BlackRock 2.18M $31.04M +3.2%
Renaissance Technologies 2.02M $28.74M +0.4%
Vanguard 1.52M $21.55M +1.6%
Dimensional Fund Advisors 1.12M $15.96M -2.1%
ArrowMark Colorado 759.78K $10.8M -41.7%
John G Ullman & Associates 738.57K $10.5M -1.7%
Cloverdale Capital Management 662.74K $9.42M -42.0%
STT State Street 655.09K $9.31M +4.7%
Largest transactions
Shares Bought/sold Change
ArrowMark Colorado 759.78K -544.34K -41.7%
Cloverdale Capital Management 662.74K -479.78K -42.0%
Russell Investments 396.56K +374.98K +1737.7%
Kayne Anderson Rudnick Investment Management 2.23M -227.97K -9.3%
JPM JPMorgan Chase & Co. 232.86K +222.63K +2177.1%
North Star Investment Management 11.2K -217.64K -95.1%
Brown Capital Management 3.84M -203.07K -5.0%
EAM Global Investors 155.49K +155.49K NEW
Ranger Investment Management 297.59K +132.41K +80.2%
Cozad Asset Management 22.7K -121.91K -84.3%

Financial report summary

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Competition
JDA SoftwareOracleAnaplan
Risks
  • A variety of factors may affect our future results and the market price of our stock.
  • We cannot predict every event and circumstance that may affect our business, and therefore the risks and uncertainties discussed below may not be the only ones you should consider.
  • Disruptions in the financial and credit markets, international trade disputes, the COVID-19 pandemic and other external influences in the U.S. and global markets may reduce demand for our software and related services, which may negatively affect our revenues and operating results.
  • There may be an increase in customer bankruptcies due to weak economic conditions.
  • Changes in the value of the U.S. dollar, as compared to the currencies of foreign countries where we transact business, could harm our operating results.
  • Our markets are very competitive, and we may not be able to compete effectively.
  • Many of our current and potential competitors have significantly greater resources than we do, and therefore we may be at a disadvantage in competing with them.
  • Due to competition, we may change our pricing practices, which could adversely affect operating margins or customer ordering patterns.
  • Our growth is dependent upon the successful further development of our direct and indirect sales channels.
  • We are dependent upon the retail industry for a significant portion of our revenues.
  • We may derive a significant portion of our revenues in any quarter from a limited number of large, non-recurring sales.
  • Our lengthy sales cycle makes it difficult to predict quarterly revenue levels and operating results.
  • We derive a significant portion of our services revenues from a small number of customers. If these customers were to discontinue the usage of our services or delay their implementation our total revenues would be adversely affected.
  • Services revenues carry lower gross margins than license revenues and an overall increase in services revenues as a percentage of total revenues could have an adverse impact on our business.
  • If our customers elect not to renew maintenance contracts after the initial maintenance period and the loss of those customers is not offset by new maintenance customers, our maintenance revenues and total revenues would be adversely affected.
  • If accounting interpretations relating to revenue recognition change or companies we acquire have applied such standards differently than we do or have not applied them at all, our reported revenues could decline or we could be forced to make changes in our business practices or we may incur the expense and risks associated with an audit or restatement of the acquired company’s financial statements.
  • Our future growth depends upon our ability to develop and sustain relationships with complementary vendors to market and implement our software products, and a failure to develop and sustain these relationships could have a material adverse effect on our operating performance and financial condition.
  • Failure to maintain our margins and service rates for implementation services could have a material adverse effect on our operating performance and financial condition.
  • Our past and future acquisitions may not be successful and we may have difficulty integrating acquisitions.
  • Our business may require additional capital.
  • Business disruptions could affect our operating results.
  • Our international operations and sales subject us to risks associated with unexpected activities outside of the United States.
  • It may become increasingly expensive to obtain and maintain liability insurance.
  • Adverse litigation results could affect our business.
  • Growth in our operations could increase demands on our managerial and operational resources.
  • Unanticipated changes in tax laws and effective tax rates, or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our operating results and financial condition.
  • We may not be successful in convincing customers to migrate to current or future releases of our products, which may lead to reduced services and maintenance revenues and less future business from existing customers.
  • We depend on third-party technology which could result in increased costs or delays in the production and improvement of our products if it should become unavailable or if it contains defects.
  • The use of open source software in our products may expose us to additional risks and harm our intellectual property.
  • We may be unable to retain or attract customers if we do not develop new products and enhance our current products in response to technological changes and competing products.
  • If our products are not able to deliver quick, demonstrable value to our customers, our business could be seriously harmed.
  • If we do not maintain software performance across accepted platforms and operating environments, our license, subscription and services revenue could be adversely affected.
  • Our software products and product development are complex, which makes it increasingly difficult to innovate, extend our product offerings, and avoid costs related to correction of program errors.
  • If the open source community expands into enterprise application and supply chain software, our revenues may decline.
  • Implementation of our products can be complex, time-consuming and expensive, customers may be unable to implement our products successfully, and we may become subject to warranty or product liability claims, which could be costly to resolve and result in negative publicity.
  • An increase in sales of software products that require customization would result in revenue being recognized over the term of the contract for those products and could have a material adverse effect on our operating performance and financial condition.
  • We sometimes experience delays in product releases, which can adversely affect our business.
  • We may not receive significant revenues from our current research and development efforts for several years.
  • We may experience liability claims arising out of the sale of our software and provision of services.
  • Concerns that our products do not adequately protect the privacy of consumers could inhibit sales of our products.
  • We face risks associated with the security of our products, and if our data protection or other security measures are compromised and as a result our data, our customers’ data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, our reputation could be damaged, the IT services we provide to our customers could be disrupted, and customers may stop using our products and services, all of which could reduce our revenue and earnings, increase our expenses and expose us to legal claims and regulatory actions.
  • Any interruptions or delays in services from third parties, including data center hosting facilities and cloud computing platform providers, or our inability to adequately plan for and manage service interruptions or infrastructure capacity requirements, could impair the delivery of our services and harm our business.
  • Privacy and security concerns, including evolving government regulation in the area of data privacy, could adversely affect our business and operating results.
  • We might experience significant errors or security flaws in our software products and services.
  • We are dependent upon key personnel, and need to attract and retain highly qualified personnel in all areas.
  • We periodically have restructured our sales force, which can be disruptive.
  • Our technical personnel have unique access to customer data, and may abuse that privilege.
  • Our business is subject to changing regulation of corporate governance and public disclosure that has increased both our costs and the risk of non-compliance.
  • One shareholder beneficially owns a substantial portion of our stock, and as a result exerts substantial control over us.
  • Our articles of incorporation and bylaws and Georgia law may inhibit a takeover of our company.
  • We are a “controlled company” within the meaning of NASDAQ rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements.
  • We could experience fluctuations in quarterly operating results that could adversely affect our stock price.
  • Our stock price is volatile and there is a risk of litigation.
  • Our dividend policy is subject to change.
  • The price of our common stock may decline due to shares eligible for future sale or actual future sales of substantial amounts of our common stock.
Management Discussion
  • Corporate capital spending trends and commitments are the primary determinants of the size of the market for business software. Corporate capital spending is, in turn, a function of general economic conditions in the U.S. and abroad and in particular may be affected by conditions in U.S. and global credit markets. In recent years, the weakness in the overall global economy and the U.S. economy has resulted in reduced expenditures in the business software market.
  • In April 2020, the International Monetary Fund (“IMF”) provided an update to the World Economic Outlook for the 2020 and 2021 world economic growth forecast. The update noted that, “As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. In a baseline scenario, which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound, the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalizes, helped by policy support.
  • There is extreme uncertainty around the global growth forecast. The economic fallout depends on factors that interact in ways that are hard to predict, including the pathway of the pandemic, the intensity and efficacy of containment efforts, the extent of supply disruptions, the repercussions of the dramatic tightening in global financial market conditions, shifts in spending patterns, behavioral changes (such as people avoiding shopping malls and public transportation), confidence effects, and volatile commodity prices.”
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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