Q3 2019 Intelligent Systems Corp Earnings Call Transcript

Feb 10, 2024

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Nov 01, 2019 / 03:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the earnings release and investors conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions) I would now like to hand the conference over to the speaker today, Matt White, Chief Financial Officer. Please go ahead, sir.

Matthew A. White - Intelligent Systems Corporation - VP, CFO & Corporate Secretary

Thank you. Good morning, everyone. As Leland noted in our press release this morning, revenue and profitability results met our expectations, as our platform continues to be validated by leading corporations. Revenue for the third quarter of 2019 was $9.522 million compared to revenue for the third quarter of 2018 of $5.415 million, an increase of 76%. The components of our revenue for the third quarter consisted of license revenue at $$2.225 million, professional services revenue of $4.579 million, processing and maintenance revenue of $2.235 million and third-party revenue of $483,000.

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