GTY Technology Holdings Announces Solid Third Quarter Financial Results
GTY Technology Holdings Inc. (GTYH)
US:NASDAQ Investor Relations:
nasdaq.com/symbol/gtyhu/sec-filings
Company Research
Source: Business Wire
Annual recurring revenue of $48.5 million, up 25% year-over-yearTotal third quarter revenue of $16.3 million, up 29% year-over-year BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading vertical SaaS/Cloud solution provider for the public sector, today announced financial results for the third quarter ended September 30, 2021.“GTY reported another great quarter, highlighted by the large CityBase kiosk install with DTE Energy, a midwestern electric utility which drove our strong performance this quarter with one-time revenue associated with kiosks and will generate significant recurring revenue going forward. We again exceeded expectations across all key operating metrics with continued strength in ARR at 25% growth year-over-year,” said TJ Parass, CEO of GTY. “As we look ahead, we are very encouraged by the strength of our portfolio and the tailwinds supporting the need for public sector organizations to modernize and transform their operations. We
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