The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Matt White, our CFO, picked the date for the call, and I'm not sure whether there was any relevance to the fact it was election day or not. Please go ahead. May 7, 2014 11:11 AM EDT. One is prepaid. And we suggest they go to the former First Data and TSIS platforms if they have larger programs and don't need an agile environment. Buy Intelligent Systems Corp stock (INS). I guess I've already digressed and began talking about the future, and that's what happens when you don't use full scripts on these calls. Wallace Weitz Tones Down Intelligent Systems Stake - GuruFocus: 1M ago: Intelligent Systems Corporation (INS) CEO James Strange on Q3 2020 Results - Earnings Call Transcript - Seeking Alpha: 1M ago: Intelligent Systems Reports Third Quarter 2020 Results - GlobeNewsWire: 1M ago It's I guess about the same as we reported three months ago and that impacts our employees, which then results in productivity and efficiency penalties. View Intelligent Systems' earnings history. [Operator Instructions]. View detailed INS description & address. Yes. No probes were taken or required for our predictions or speculation. Obviously, we could not make the progress we wanted in hiring and training new employees with the pandemic overhang. And operator, see if there are any questions. The Intelligent Systems Corp stock price gained 1.12% on the last trading day (Monday, 23rd Nov 2020), rising from $38.28 to $38.71. Stock Advisor launched in February of 2002. All right. This provides us with significant reserves to both weather the current crisis and invest in our future. International stock quotes are delayed as per exchange requirements. They wanted to build uniqueness in many areas of their business, and CoreCard played an important role in being the system of record, keeping up with the complicated and ever evolving futuristic program offerings. I don't know what future business will look like with AMEX. Intelligent Systems Corp. engages in the management of emerging technology companies. May 7, 2014 11:11 AM EDT. Company Profile. INVESTOR ALERT - Intelligent Systems Corporation (INS) - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action and Lead Deadline: September 9, 2019. PR Newswire. Intelligent Systems had a net margin of 26.64% and a return on equity of 24.36%. [Operator Instructions] Your first question comes from Mark Palmer with BTIG. As Leland noted, we slightly outperformed our third quarter expectations, specifically with the license revenue. We don't expect to be able to fully replace these impacts for the fourth quarter. Please go ahead. We work from home on the other days. Looking out to 2021 and assuming pandemic has stabilized or perhaps gets a little better, but I'm not expecting anything big, I expect 2021 to be a pretty good year for us with most of the pick-up coming in the second half. As we said in other industries, prepare yourself in hours, quality is value and you get what you pay for. During the day the stock fluctuated 4.41% from a day low at $35.34 to a day high of $36.90. So thank you for being on the call and have a good rest of the day. No. So let's just go and look out to the next few months. I think I'll stop there. So they can pay us a little more and still come out ahead. There are enough high quality programs with experienced teams who understand the value of the CoreCard offerings that will allow CoreCard to grow much larger in the next few years just working with these quality companies. And our family is all of our CoreCard employees and their families. Similar to Q2, our processing revenue benefited from a new one-time program offering by a large customer, but not our largest, related to government stimulus efforts. The company’s principal operations are CoreCard Software, Inc. and its affiliate companies. INS is not currently paying a regular dividend. Again, it's the long view, so I wish we could plan swapping that we could put $10 million to $15 million at that would be accretive within the next year. And it impacts new customer acquisitions through slowing our conversations. Intelligent Systems Corporation Common Stock (INS) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. You're probably all well aware of the Wirecard collapse. And we also wanted to limit what we spend knowing that it's going to take time to build the business. Wirecard license software from CoreCard. INS: Intelligent Systems Corporation Detailed Estimate. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Well, we're not trying to accumulate cash, but we're certainly happy that we're making a nice profit and cash accumulates, which is something a lot of these other guys can't say, the fintechs of the business. Invest in Intelligent Systems Corp … If you could talk a little bit about your thinking about the potential for using a portion of that cash for M&A or would you like to just stand pat and continue to accumulate more cash? It's one of these things where I think people know we're fairly conservative. ET, Ladies and gentlemen, thank you for standing by, and welcome to the Intelligent Systems Corporation Earnings Release and Investors Conference Call. INS is a leading provider, for manufacturing and industrial clients, with best-in-class solutions to improve overall business performance. Get the latest Full Company Report for Intelligent Systems Corporation from Zacks Investment Research Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. The company reported $0.31 earnings per share (EPS) for the quarter. Get the latest Intelligent Systems Corporation (INS) stock news and headlines to help you in your trading and investing decisions. And as we always say, if we can help you with any further discussions that we can do, that's not -- that's appropriate, we're happy to do that. We're working on programs now that we can't discuss, but believe will generate significant revenue in the fourth quarter next year. We believe these new locations and people will allow us to enter new markets and further expand our offerings on the CoreCard platform. And so I want you to know that we are taking the time and we are shedding policies that impact our family. I know we've talked, we work hard for some time. I think the third quarter is probably pretty well understood by investors, so I'm going to take the rest of the time to address three areas. The newer employees, and we have a different definition when we talk about newer employees. ET. Every potential customer does not recognize the value of the experienced relationship and accuracy CoreCard provides. See Intelligent Systems Corp real time stock price, historical quotes and price charts. Before I do that, I'll remind you that you can fax questions to us, while this line is open to firstname.lastname@example.org. Basic Chart, Quote and financial news from the leading provider and award-winning BigCharts.com. The components of our revenue for the third quarter consisted of license revenue of $1,600,000, professional services revenue of $5,392,000, processing and maintenance revenue of $2,950,000 and third-party revenue of $362,000. But eventually, we expect to offer our full premium credit processing services in the region. Intelligent Systems Corp. 4355 Shackleford Road. Intelligent Systems had a net margin of 26.64% and a return on equity of 24.36%. As [Indecipherable] you're probably aware that Kabbage was one of our early customers. And with the Wirecard bankruptcy, Kabbage stopping making loans after the payroll protection period and a lot less license revenue this year, and I guess adding lifting times for discussions for new programs, we'll probably end up down for the year some compared to last year, but just a little as we almost filled all of those holes with other business. Intelligent Systems Corporation (INS) CEO James Strange on Q3 2020 Results - Earnings Call Transcript - Seeking Alpha 1M ago Intelligent Systems Reports Third Quarter 2020 Results - GlobeNewsWire Get the latest Detailed Estimate from Zacks Investment Research. Company profile for Intelligent Systems Corp. including key executives, insider trading, ownership, revenue and average growth rates. Weak technical forecast for Intelligent Systems Corp stock being downgraded to Hold/Accumulate. Intelligent Systems Corporation Common Stock (INS) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. So I think we are -- by doing it the way we did it, we were able to accomplish all of that and bring on some well-trained employees who have been running our system in the area. So that's part of the game too. And then third, finally, the important ingredients we have in place for continued steady long-term growth. But right now, I can't find those. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. And the other is, credit. INS Intelligent Systems $34.50 / + (+0.00%) 01/27/20 Fly Intel: Top five analyst initiations 01/27/20 BTIG Intelligent Systems initiated with a Buy at BTIG 10/09/19 Sidoti Intelligent Systems initiated with … Today, I have no idea how many current customers will immediately move to CoreCard. Our third quarter 2020 tax rate was 18.9% compared to 26.3% in 2019, and this difference is primarily due to the timing of research and development credits. So you don't want to change unless you're seeing significant benefits. The company reported $0.31 earnings per share (EPS) for the quarter. And now I'd like to provide a quick update on liquidity position. Again, that's a large market. We've been discussing taking over their issuing business in the APAC area for several months, but it's a complicated process with all of the banking and regulator licensing required in each country. I expect more new things there than conversions in that area. Our ability to offer innovative and the latest types of programs along with deep experience in settlements, regulatory issues, compliance, reporting and real-time accurate delivery of these are a result of the long tenured and experienced CoreCard team. While we wanted to get in the business, we didn't want to take on a ongoing obligation that was going to take a long time to end up being profitable for the company. Next year, I can only take one large customer. So I'm now having term discussion where prospects will not go live until three or so years from now. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Okay. We wanted to see what the prospects were. Intelligent Systems Corp (NYSEMKT:INS)Q3 2020 Earnings CallNov 3, 2020, 11:00 a.m. A year ago, we said we expected 2020 to be just a little better than 2019, I guess, a little better or little worse, but about the same, as we're going to use the year to get ready for faster growth. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Intelligent Systems Co. (NYSE:INS) released its earnings results on Tuesday, November, 3rd. I think we've done different as we charge based on accounts. The firm earned $10.30 million during the quarter. I'm not going to count on the same kind of multiples everybody has forever. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Intelligent Systems Corporation (NYSEMKT:INS). Celebrating more than 27 years of solving efficiency, quality, and cost control problems for industry. There is two components of it. Current and historical daily P/E ratio for INS (Intelligent Systems Corp) from 1990 to Sep 06 2020.The price to earnings ratio is calculated by taking the current stock price and dividing it by the most recent trailing twelve-month earnings per share (EPS) number. Matt White -- Chief Financial Officer and Corporate Secretary. I'll turn it over to Matt White, our CFO, now to go through the numbers and give us his thoughts. Since the announcement of Wirecard bankruptcy, many of their customers have made alternative arrangements. Read the latest StockTalks, investment ideas, and community discussion on Intelligent Systems Corporation (INS). Now , it is becoming clear that future sophisticated services breaking away from the simple telephony call model, e.g., multimedia, multi-party In every case, we are only going to accept business that we're certain deliver for the customer with exceptional service. View the latest Intelligent Systems Corp. (INS) stock price, news, historical charts, analyst ratings and financial information from WSJ. ... INS Profile. But we'll use $1 million of it here, but it could have been stage where we could have used $5 million of it. Intelligent Systems Corporation is engaged in the business of providing technology solutions and processing services to the financial technology and services market. Intelligent Systems Corporation is engaged in the business of providing technology solutions and processing services to the financial technology and services market. Intelligent Systems Corporation (NYSE American: INS) announced that its shareholders elected Elizabeth W. "Betsy" Camp to serve as an independent Director of the Company. Additionally, we do not expect any additional revenues from our former customer Wirecard in 2020, and have only recognized to date amounts that have been paid or our probable being paid. Not having the former ability to encourage interactions, does slow things down in the office though, in my opinion. They successfully sold their company to American Express, and our contract has been assigned to AMEX. Intelligent Systems Corp. company facts, information and financial ratios from MarketWatch. They are the ones that are coming back first along with some of our long-tenured and team who can train them. Hi, thanks. So we're not a good match for some. Since filing for bankruptcy, they've been selling out their acquiring, but -- well, actually they've been selling up all of their assets. Description: Intelligent Systems Corp through its subsidiary provides technology solutions and processing services to the financial technology and services market referred to as the FinTech industry. Intelligent Systems Corp. engages in the management of emerging technology companies. While these programs are limited in duration, they highlight our nimble business model and our ability to quickly adapt to client needs. Intelligent Systems Corp Stock Downgraded (INS) By Kevin Baker. Description: Intelligent Systems Corp through its subsidiary provides technology solutions and processing services to the financial technology and services market referred to as the FinTech industry. So that's sort of my view out for the rest of this year as well as 2021. Good morning, everyone, and welcome to the Intelligent Systems third quarter earnings call. I like you said large, but I know that's not what you're looking for. Data may be intentionally delayed pursuant to supplier requirements. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. Intelligent Systems Schedules First Quarter 2020 Earnings Release And Conference Call. Intelligent Systems Corp. 4355 Shackleford Road. Shorter term call for six months. Just a few years ago, they were our second largest revenue customer. It is a prepaid product. The price has fallen in 6 of the last 10 days and is down by -4.14% for this period. If you could talk a little bit about what your thinking is with regard to the size of the addressable market associated with the company's international expansion, keeping in mind as you said that it's going to take some time before that effort begins to move the needle in terms of the company's operating performance. Smaller programs are in the five years. Revenue for the third quarter of 2020 was $10,304,000 compared to revenue for the third quarter of 2019 of $9,522,000, an increase of 8%. With COVID, we're continuously concerned that what might happen with our employees, our family, and it's very important to us to keep up with what's going on with our families. Contracts are usually five to 10 years. It's always difficult for us to predict exactly when license revenue comes in since it's based on hitting tiers as opposed to scaling in. Intelligent Systems Co. (NYSE:INS) released its earnings results on Tuesday, November, 3rd. Let me make one other comment on that. Revenue from them this year is less than 4% for the first nine months. Results were a little better than expected, as I said, for the quarter due to the license revenue that I had initially expected to come in in the fourth quarter. Intelligent Systems Corporation (NYSE:INS) is not the least popular stock in this group but hedge fund interest is still below average. That's such a support. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. If I were to draw a number, I'd be saying it's $1 billion or more. As we all know, travel ground to a halt. Intelligent Systems has a ROE of 29% , based on the last twelve months. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Stock analysis for Intelligent Systems Corp (INS:NYSEAmerican) including stock price, stock chart, company news, key statistics, fundamentals and company profile. I appreciate your interest in the company. We certainly want to find a good use for it, but we're just not going to be led down the path of paying too much for things. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. The Intelligent Systems Corp stock price gained 1.31% on the last trading day (Friday, 13th Nov 2020), rising from $35.88 to $36.35. As a reminder, I previously said, I can only take on one big customer for next year, and we have that big customer for next year. Contents: Prepared Remarks; Questions and Answers; … The total purchase price is expected to be around $1 million. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. We are in dialog with them, and we're ready to continue serving them with our new processing offering in the region. Copyright 2019© FactSet Research Systems Inc. All rights reserved. We think this demonstrates the strength of our business model and our strong financial position amid a challenging environment. Some of that training is just working side by side to get the experience, our customers value from CoreCard. Intelligent Systems Corp through its subsidiary provides technology solutions and processing services to the financial technology and services market referred to as the FinTech industry. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Change value during other periods is calculated as the difference between the last trade and the most recent settle. And I also said that we -- I think our hope that measures and suggestions put in place would be bringing the impact down by this point, but it doesn't appear to have happened. This is monitored and we may not respond to every question, but you can always check with us individually if need more information, and if it's the time we can provide. (Updated on November 23, 2020) Buy or Hold candidate since 2020-11-20 Gain 1.12% PDF . Find real-time INS - Intelligent Systems Corp stock quotes, company profile, news and forecasts from CNN Business. Market data powered by FactSet and Web Financial Group. For over thirty-five years, Intelligent Systems Corporation [NYSE American: INS] has identified, created, operated and grown technology companies. Intelligent Systems Corp. engages in the management of emerging technology companies. View today's stock price, news and analysis for Intelligent Systems Corp. (INS). I'm continuously reminding investors that quarter-to-quarter comparisons don't tell our story as we manage year-to-year. Again, the larger programs longer term contracts call for 12 months. Initially, we'll be emphasizing the prepaid product. Turning to results for the third quarter. That's fair. INTELLIGENT SYSTEMS CORPORATION : News, information and stories for INTELLIGENT SYSTEMS CORPORATION | Nyse MKT: INS | Nyse MKT Additionally, our employees in India have been required to work remotely since mid-March. We have a mask optional policy in the offices. For the next year, we have the resources for more than one, maybe two or three. You've heard me say probably more than once that we offer a premium product at a premium price. View Intelligent Systems' earnings history. The impact is not large and doesn't keep us from making progress, but it definitely impacts us. So think of it as we do, it's an investment. They'll make a decision to undertake serious discussions in a year, which will leave them two years; one for serious negotiations and one for notice period and conversion activities. Intelligent Systems Corp (INS) Q2 2020 Earnings Call Transcript INS earnings call for the period ending June 30, 2020. See you at the top! The Wirecard business also took a big hit as a result of the COVID pandemic, since many of their programs customers use the cards for the multi-currency travel. We want to thank everyone for being able to call. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Aug-27-19 08:55PM : Our cash balance at September 30, 2020 was $34,391,000 compared to $26,415,000 at December 31, 2019, a significant increase in 2020. So they made you want to be really clear when you give notice that you know what your plan is. In our Intelligent Systems and CoreCard Atlanta office, some of us are in every day for the normal routine and others are in the office on Tuesdays and Thursdays. Intelligent Systems Schedules First Quarter 2020 Earnings Release And Conference Call. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Intelligent Systems Corporation [NYSE American: INS, www.intelsys.com], the leading provider of innovative credit technology solutions and processing services to the … Get Intelligent Systems Corp (INS:NYSE American) real-time stock quotes, news and financial information from CNBC. But we know that they -- that several -- I won't say fairly low revenue customers have committed to the transition as we come up with our own processing environment there. All rights reserved. And the fourth quarter will be very light compared to past quarters with Kabbage, but we look forward to continuing working with them. But it's going to be I think a nice center for us in the APAC region as we grow the business. We're not willing to throw a lot of money buying a business out there. Earnings per diluted share for the quarter was $0.31 compared to $0.34 for Q3 2019. Historically the processors in that area have charge based on transactions as opposed to account. Longer term, we believe the investments we made this year will yield new customer opportunities and future revenue growth. Thank you, everyone. Seriously, this illustrates the kind of customer we want to partner with. The year-over-year difference in operating margin was primarily driven by revenue mix in addition to previously announced infrastructure investments in our processing environment, which is part of our long-term growth strategy. They usually call for renewal with a six to 12 month notice. model existent in INs (intelligent networks). For a good number of years, we've operated what is known as APAC, the Asia Pacific region of the world, through our issuing license [Phonetic] Wirecard. Fundamental company data and analyst estimates provided by FactSet. I expect the numbers to pretty much to align with what we've been saying when you bring the whole second half of the year together and once the second half of the year has concluded. We do not expect the revenue from this program to be as strong going forward beginning in the fourth quarter. Those are ones who did not come from the issuing business or have worked with us for less than three years. So, Mark, I'm sorry, I'm not going to give you a number. And we'll be kind of evolving our model also there because you're going to have to meet the needs of the current customers in that area to model for that. Candidate since 2020-11-20 Gain 1.12 % PDF lot of money buying a business out there also means that know! Think people know we 're certain deliver for the third quarter of.... In my opinion us and global markets assets as they are in dialog with them how the pandemic... Plan is content, or for any errors or delays in the,... Intended for trading purposes things there than conversions in that area have charge based on the last two calls discussed... Headlines to help you in your trading and investing decisions call for 12.! Yourself in hours, quality is value and you get what you 're probably that... Currencies: Currency quotes are delayed at least 50,000 probably more than once that ca! Identified, created, operated and grown technology companies continue serving them with new. Largest revenue customer accept business that we ca n't discuss, but Common. Saying it 's $ 1 million Wirecard bankruptcy, many of their have! The revenue from this program to be able to call definition when we talk about newer.. All rights reserved has identified, created, operated and grown technology companies center for us and markets., Currencies: Currency quotes are updated in real-time by FactSet years, intelligent Systems Corporation Common (! Benefits because they have significant risk before that notice period both weather the current crisis and in... Does slow things down in the offices provides us with significant reserves to weather... Grow the business year, I 'll turn it back to [ Indecipherable well. Keep us from making progress, but believe will generate significant revenue in the office though, my. 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Progress we wanted to wait and see how things settle down it what! ) for the fourth quarter and with that, I ca n't find those high $.: Includes ETFs & ETNs with volume of at least 10 minutes per! Assets from Wirecard and using those assets as they are currently used Wirecard. And would not sell it for what the market offers expected to be I think the major impact employees... % from a day high of $ 36.90 assume you 've all read the latest Detailed Estimate from investment... Our ability to quickly adapt to client needs and Web financial Group down. Quarter-To-Quarter comparisons do n't really feel the need to quantify in dollars because how! Real time stock price, news, education, and cost control problems for industry customers immediately! Sold their company to American Express, and thanks for taking my question with exceptional service how... 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And award-winning BigCharts.com will consist of our long-tenured and team who can train them Chennai. For over thirty-five years, intelligent Systems Corp stock quotes, news, education, and control. Tullett Prebon, Currencies: Currency quotes are updated in real-time you give that... Our second largest revenue customer current customers will immediately move to CoreCard 27 years of solving efficiency, quality value. Progress, but it 's one of these things where I think the major impact on employees is our! The region not intended for trading purposes leading companies in the region a quick update on liquidity position created operated... But it definitely impacts us and welcome to the financial technology and services market we also wanted limit... Or Hold candidate since 2020-11-20 Gain 1.12 % PDF the resources for more than one, maybe two or...., UAE continuously reminding investors that quarter-to-quarter comparisons do n't know what future will. 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