Agylytyx Discusses 3Q 2017 Financial Results

Sunnyvale, CA – October 20, 2017 – Agylytyx management announced better than expected results for the third quarter of the year.

Overall revenue for the company continued to be smaller than expected – management indicated that this was due largely to services business which was being delayed, likely into 2018. Product subscription revenue continued to be in line with expectations indicating continuing 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 again returned better than expected performance from its Azure hosting platform. Although management had predicted gross margin to be weaker in the third quarter, the company’s gross margin was higher than expected, due to the higher composition of subscription revenue.

While the company continued to classify its hosting costs associated with proof of concept development for customers as product COGS through the third quarter, the increasing demand on the company’s servers from these sales and marketing related proof of concepts, management did indicate a change might be forthcoming in 2018.

From a net income perspective, the company returned to profitability in the third quarter of the year after turning in a slightly negative profit in the first half of the year. Management reiterated its position that the slightly positive quarter would lead the company to reinvest those profits throughout the fourth quarter with the goal of breaking even for the year.

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


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