Agylytyx Discusses 1H 2017 Financial Results

Sunnyvale, CA – August 17, 2017 – Agylytyx management announced better than expected results for the first half of the year.

Overall revenue for the company was slightly smaller than expected – management indicated that this was due largely to services business which was forecast for the second quarter being pushed into the back half of the year. Product subscription revenue continued to be in line with expectations indicating strong visibility into the recurring revenue stream from the companies’ flagship product – the Agylytyx Generator.

The company’s gross margin results continued to exceed expectations as the company returned better than expected performance from its Azure hosting platform. In a rare forward looking statement, management cautioned that gross margin results for Q3 might be slightly softer than forecast for the product as the company used its platform more frequently to support its sales pipeline. For convenience and financial conservatism, the company classifies hosting costs associated with proof of concept development for customers as product COGS.

From a net income perspective, the company was slightly negative for the first half of the year after turning in a profitable first quarter. Still, the result was almost 10% better than expected. Explaining the “manage to break-even” philosophy of the company, Madison Laird, the company’s CEO explained: “we continue to feel like the lowest cost of capital is our own and so the best investment opportunity is in ourselves.”

About Agylytyx
Agylytyx provides cloud-based enterprise business analytic software. The company's flagship product, the Agylytyx Generator™, frees up analyst time and results in better decision making across corporations. Agylytyx is based in Sunnyvale, California, and has locations in Philadelphia and Chicago, IL. For more information about Agylytyx visit www.agylytyx.com.

Scott Gripenstraw
(408) 498-5840


Copyright © 2019 Agylytyx™. All rights reserved.          Privacy Policy          Terms & Conditions          Site Map          Contact          info@agylytyx.com
facebook twitter linkedin youtube