GTYH - GTYH STOCK NEWS

The New York City Department of Finance has introduced self-service payment kiosks in the Bronx and Queens to enhance accessibility for residents, particularly those paying with cash. Developed in collaboration with CityBase, these kiosks allow customers to pay parking tickets without service fees, reducing wait times and person-to-person contact. Two kiosks are operational in each borough, with plans for citywide expansion in 2022. The initiative aims to improve the payment experience for financially vulnerable residents, as highlighted by officials from both the Department and CityBase.

GTY Technology Holdings Inc. (NASDAQ: GTYH) will host its fourth quarter 2021 earnings call on February 17, 2022, at 4:30 pm ET. Interested attendees can register for the live conference call here. The archived webcast will be available on their website post-call. GTY offers a suite of cloud-based solutions for the public sector including procurement, payments, and grant management.

GTY Technology Holdings Inc. (NASDAQ: GTYH) has appointed Katerina Goros as the new Senior Vice President of Human Resources. Goros, with 25 years of experience in IT and financial sectors, will oversee all HR operations, focusing on talent acquisition, employee relations, and enhancing diversity and inclusion initiatives. CEO TJ Parass expressed enthusiasm for Goros’s arrival during a critical growth period for GTY, highlighting the importance of her role in aligning HR practices across their six business units.

GTY Technology Holdings Inc. (Nasdaq: GTYH) announced that CEO TJ Parass and CFO John Curran will present at the Needham 24th Annual Virtual Growth Conference on January 12, 2022, at 10:00 AM ET. The event will be accessible via a live webcast. GTY Technology is a prominent provider of cloud solutions for the public sector, focusing on procurement, payments, and budgeting across various sectors, including government and healthcare. The company aims to enhance stakeholder engagement through its innovative software solutions.

GTY Technology Holdings Inc. (NASDAQ: GTYH) appointed James Ha as Chief Growth Officer, effective January 1, 2022. Ha, previously CEO of eCivis, will focus on driving organic and inorganic growth in sales, business development, and mergers and acquisitions. CEO TJ Parass highlighted Ha's extensive GovTech experience. Additionally, Craig Ross, transitioning from Chief Revenue Officer, will expand his role to include CEO duties for eCivis. This leadership change aims to strengthen GTY's market position in the public sector software industry.

Bonfire Interactive, a unit of GTY Technology (NASDAQ: GTYH), has launched Bonfire Open Access Community Projects, a free procurement tool for public sector purchasing teams. This platform grants access to a vast database of public projects, enabling efficient RFP creation. In 2021, public agencies executed 39% more projects than in 2020, a trend expected to accelerate with new federal funding. The initiative is designed to streamline procurement processes and reduce time spent on RFP drafting.

Kitchener-based Bonfire Interactive Ltd., a business unit of GTY Technology (NASDAQ: GTYH), has achieved a significant milestone by ranking 41st in the prestigious Deloitte Technology Fast 50™ awards program. This recognition is a testament to Bonfire's impressive 425% revenue growth from 2017 to 2020, highlighting its entrepreneurial spirit and innovation, particularly during the COVID-19 pandemic. The Fast 50 program celebrates companies that have transformed the technology industry in Canada, and Bonfire's success reflects its dedication to serving public sector clients.

GTY Technology Holdings reported a strong third quarter 2021, with total revenue reaching $16.3 million, marking a 29% increase year-over-year. Annual recurring revenue was $48.5 million, up 25% year-over-year. Despite achieving higher gross profit of $10.3 million with a 64% gross margin, the company faced an operating loss of $(8.5) million and a net loss of $(9.5) million, widening from $(7.2) million in Q3 2020. Looking ahead, GTY expects fourth quarter non-GAAP revenue between $16.3 million and $16.8 million, representing 25% growth.

GTY Technology Holdings Inc. (NASDAQ: GTYH) will conduct its Q3 2021 earnings call on November 4, 2021, at 4:30 pm ET. Investors can register for the live conference call and access the webcast through their website. GTY provides cloud solutions for public sector organizations, including procurement, payments, grant management, budgeting, and permitting software. It aims to enhance stakeholder engagement and resource management through its six business units. The archived webcast will be available post-call.