Recent pinpoint stock value: GTY Technology Holdings Inc. (NASDAQ: GTYH)

On Wednesday, GTY Technology Holdings Inc. (NASDAQ: GTYH) stock observed trading -68.21% off 52-week high price. On the other end, the stock has been noted 3.61% away from low price over the last 52-weeks. The stock disclosed a move of -23.64% away from 50 day moving average and -42.04% away from 200 day moving average. Moving closer, we can see that shares have been trading -16.79% off 20-day moving average.

GTY Technology Holdings Inc. (GTYH) reported strong financial results for the quarter and year ended December 31, 2019 and reaffirmed guidance for the full year 2020.

Fourth Quarter 2019 and Full-Year Revenue

  • Fourth quarter GAAP revenues up 31% year-over-year to $11.5M
  • Fourth quarter non-GAAP revenues up 37% year-over-year to $12.0M
  • Full year 2019 GAAP revenues up 22% year-over-year to $36.4M
  • Full year 2019 non-GAAP revenues up 36% year-over-year to $40.5M

“2019 proved to be a strong growth year for GTY,” stated Stephen Rohleder, Chairman and CEO. “We closed on six acquisitions in February of 2019 to form our Company, brought together an essential lineup of offerings to digitize the public sector and experienced great momentum in the back half of the year. The year was marked by important wins in the marketplace, expansion of our partner ecosystem, the delivery of new product innovations and market recognition for the value our solutions bring. Recently, over 1,500 organizations are GTY consumers and we expect to accelerate topline growth this year.

Fourth Quarter and Full-Year Results

Investments to fuel the company to higher levels of revenue, including sales and marketing headcount and enterprise software expenses, contributed to an operating loss in the fourth quarter and full year 2019. Sales and marketing expenses, including incremental resources, comprised roughly half of our operating expense increase for the quarter. Fourth quarter 2019 operating loss was $42.6M contrast with $5.5M in Q4 2018. Our operating loss for the quarter includes a goodwill impairment charge of $32.2M. Fourth quarter non-GAAP operating loss was $5.4M contrast with $4.8M in Q4 2018. Full year operating loss was $105.5M for the year ended December 31, 2019 contrast with $15.6M for full-year 2018. Full-year 2019 non-GAAP operating loss was $19.8M for the year ended December 31, 2019 contrast with $12.3M in full-year 2018.

Business Outlook

“Looking at the year 2020, we expect non-GAAP revenue in the range of $57 to $63M. We also expect increased operating leverage as we scale, leading to improvements in EBITDA and Free Cash Flow as we move through the year,” stated John Curran, GTY CFO.

“2020 outlook does not take into account any potential impact from the coronavirus. While we have no revenue from countries outside of North America, our selling model partly depends on event-based marketing and travel to client meetings. At this time, we are unable to quantify the effect of continued trends with travel and meeting cancellations Because of the virus. While our SaaS products generally allow for work from home usage so that physical closure of offices Because of coronavirus should not materially affect us, we are unable to determine if outbreaks of coronavirus could affect budget sizes or budgeting priorities of our government clients going forward,” concluded Curran.

The USA based company GTY Technology Holdings Inc. moved with change of 2.60% to $3.16 with the total traded volume of 130952 shares in recent session versus to an average volume of 134.21K. GTYH’s shares are at -53.39% for the quarter and driving a -68.05% return over the course of the past year and is now at -46.35% since this point in 2018.  Right now the stock beta is 0.07. The average volatility for the week and month was at 16.76% and 12.42% respectively. There are 58.2M shares outstanding and 46.92M shares are floated in market.


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