NIC Reports First Quarter 2020 Results

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NIC (EGOV) Reports In-Line Q1 EPS, Revenues Miss; Expects FY20 EPS/Revenue Guidance Below Consensus

April 27, 2020 8:04 AM EDT

NIC (NASDAQ: EGOV) reported Q1 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $91.1 million versus the consensus estimate of $92.59 million.

Total revenues of $91.1 million, a 7% increase.Operating income of $15.3 million, a 2% increase.Net income of $11.9 million, a 3% increase.Diluted earnings per share of 18 cents, a 6% increase.Adjusted EBITDA of $20.1 million, a 5% decrease.

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