Agilysys Q3 Loss Widens - Quick Facts

(RTTNews) - Agilysys Inc. (AGYS), a provider of innovative hospitality software solutions and services, reported that its third-quarter net loss widened to $2.715 million from $2.663 million in the prior year. On a per share basis, net loss was $0.12, same with last year.

Adjusted loss from continuing operations was $1.3 million, or $0.06 per share, compared to adjusted income from continuing operations of $0.7 million, or $0.03 per diluted share, in the same period last year.

Total net revenue was $24.7 million, compared to $25.0 million in the comparable prior-year period.

As a transition in its strategy continues to impact its near-term product revenues, the company expects to generate full year fiscal 2015 revenue that is in line or slightly below the prior year. In addition, reflecting its updated outlook for Fiscal 2015 full year revenue, it now expects to record an adjusted operating loss for the year compared to its prior expectation of break-even to modestly positive adjusted operating income for the full year.