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Q3 2021 Intelligent Systems Corp Earnings Call Transcript

Nov 04, 2021 / 03:00PM GMT
Release Date Price: $41.96 (-0.55%)
Matthew A. White
Intelligent Systems Corporation - CFO & Corporate Secretary

Good morning, everyone. With me on the call today is Leland Strange, Chairman and CEO of Intelligent Systems. He will add some additional comments and answer questions at the conclusion of my prepared remarks.

Before I start, I'd like to remind everyone that during the call, we will be making certain forward-looking statements to help you understand Intelligent Systems and its business environment. These statements involve a number of risk factors, uncertainties and other factors that could cause actual results to differ materially from our expectations. Factors that may affect future operations are included in our filings with the SEC, including our 2020 Form 10-K and subsequent filings.

As we noted in our press release, strong momentum from the first half of 2021 continued into the third quarter. Our professional services revenue remained solid. We saw continued growth in processing and maintenance revenue. And we recognized license revenue of $1.8 million in the third quarter of 2021, slightly ahead of

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