Intelligent Systems Corporation (A:INS)

Business Focus: Financial Technology & Infrastructure

Sector:  Financials Industry:  Financial & Commodity Market Operators
See Regulatory Filings on SEC
Company Contact
Address: 4355 Shackleford Rd
NORCROSS GA 30093-2931
Tel: 1-770-3812900
IR: See website
Key People
James Leland Strange
Chairman of the Board, President, Chief Executive Officer
Matthew A. White
Chief Financial Officer, Secretary, IR Contact Officer
Business Overview
Intelligent Systems Corporation is engaged in the business of providing technology solutions and processing services to the financial technology and services market. The Company's financial transaction solutions and services (FinTech) operations are conducted through its CoreCard Software, Inc. (CoreCard) subsidiary. CoreCard and its affiliate companies in Romania and India, as well as the corporate office provide administrative, human resources and executive management support. The Company also has two subsidiaries, CoreCard SRL in Romania and ISC Software in India, that perform software development and testing, as well as processing operations support for CoreCard. CoreCard designs, develops, and markets a suite of software solutions to accounts receivable businesses, financial institutions, retailers and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions.
Financial Overview
For the fiscal year ended 31 December 2019, Intelligent Systems Corporation revenues increased 71% to $34.3M. Net income increased 76% to $11M. Revenues reflect Services increase of 52% to $28.6M, Products increase from $1.3M to $5.7M. Net income benefited from Investment income (loss) decrease from $363K (expense) to $34K (income), Marketing decrease of 41% to $151K (expense).
Employees: 530 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $268.11M as of Dec 31, 2019
Annual revenue (TTM): $34.30M as of Dec 31, 2019
EBITDA (TTM): $14.40M as of Dec 31, 2019
Net annual income (TTM): $10.97M as of Dec 31, 2019
Free cash flow (TTM): $8.91M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,924,988 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization