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DUBAI, United Arab Emirates, April 19, 2021 – CoreCard Software (a subsidiary of Intelligent Systems Corporation) announces a partnership with Al Ansari Exchange to provide prepaid card processing for the Visa Platinum Multi-currency travel card. This card enables users to transact in seventeen different currencies globally, featuring enhanced security and benefits. The collaboration highlights CoreCard’s cloud hosting capabilities, ensuring rapid deployment and scalability for the Al Ansari Exchange's expanding operations.
Intelligent Systems Corporation (NYSE American: INS) announced that its CEO, Leland Strange, and CFO, Matt White, will present at the Sidoti Virtual Investor Conference on March 24, 2021, at 10:45 a.m. ET. The event will be webcast and accessible online. For over 35 years, Intelligent Systems has provided innovative credit technology solutions through its CoreCard Software, which offers prepaid and credit card processing services globally. More details can be found on their official website.
Intelligent Systems Corporation (NYSE American: INS) reported its financial results for Q4 and FY 2020, showing a 7% decline in Q4 revenues at $9.6 million, while FY 2020 revenue grew 5% to $35.9 million. The company experienced a decrease in income from operations, dropping to $2.7 million for Q4, from $4 million a year prior. Net income for Q4 was $2.1 million, down from $3.7 million. Despite these challenges, CEO Leland Strange expressed confidence in a projected growth of 15% to 25% for 2021, bolstered by recent infrastructure investments.
Intelligent Systems Corporation (NYSE American: INS) will hold an investor conference call on February 11, 2021, at 11:00 A.M. ET, coinciding with its earnings release for Q4 ended December 31, 2020. A press release with financial results will be issued before the market opens on the same day. Investors can join the call via webcast or by dialing in. The company has operated for over 35 years, predominantly through its subsidiary CoreCard Software, offering innovative credit technology solutions globally.
Intelligent Systems Corporation (NYSE American: INS) announced a significant milestone as a major customer achieved another license tier ahead of schedule, indicating continued strong demand from Q3 fiscal 2020. The company projects approximately $2 million in license revenue for Q4 fiscal 2020, matching Q3's figures, and anticipates year-over-year growth. Additionally, INS will participate in the Sidoti Winter 2021 Investor Conference on January 13, 2021, where key executives will discuss their growth strategy and performance.
Intelligent Systems Corporation (NYSE American: INS) announced that CEO Leland Strange and CFO Matt White will present at the D.A. Davidson - FinTech & Payments Spotlight Virtual Conference on December 3, 2020, at 12:00 p.m. ET. The conference will be accessible via webcast at this link.
Intelligent Systems has over 35 years of experience in developing innovative technology solutions in the financial services sector.
Intelligent Systems Corporation (NYSE American: INS) reported financial results for Q3 2020, achieving revenues of $10.3 million, an 8% increase from Q3 2019. This growth was driven by a rise in professional services and processing fees. License revenue, however, decreased to $1.6 million from $2.2 million. Operating income dropped to $3.5 million, down from $4.2 million year-over-year, while net income was $2.8 million compared to $3.1 million previously. The company anticipates that strategic investments will enhance future growth despite current margin pressures.
CoreCard Software, a subsidiary of Intelligent Systems, has announced the opening of a new office in Dubai, UAE, to enhance its processing services across the Asia Pacific, Middle East, Africa, and Europe. This expansion will involve hiring around 50 former Wirecard employees with expertise in the payments sector. CEO Leland Strange emphasized the importance of this strategic growth, stating that the new team will contribute to CoreCard's international objectives, leveraging existing systems to serve multi-currency prepaid card customers and expand service offerings in the region.
Intelligent Systems Corporation (NYSE American: INS) announced an investor conference call on November 3, 2020, at 11:00 A.M. ET to discuss its earnings for the quarter ended September 30, 2020. The financial results will be released prior to market opening on the same day. Investors can participate by calling (855) 766-6518 with conference ID 6013159. CoreCard Software, a key subsidiary, offers credit and prepaid card processing services globally using proprietary software. Forward-looking statements highlight potential risks influencing performance, including market instability and product development delays.
Intelligent Systems Corporation (NYSE American: INS) reported strong financial results for the quarter ending June 30, 2020, with revenues of $8.1 million, a 7% increase from the previous year. Professional services and processing maintained growth, though no license revenue was achieved. Income from operations rose to $2.7 million, with net income reaching $2.2 million. The cash balance increased to $32.3 million, indicating strong liquidity. Despite cautious optimism for future growth due to market fluctuations, the firm is well-positioned to invest in new opportunities.
