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CORECARD CORPORATION

(CCRD)
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Intelligent Systems Schedules Third Quarter 2021 Earnings Release and Conference Call

10/26/2021 | 10:21am EST

NORCROSS, Ga., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Intelligent Systems Corporation [NYSE: INS, www.intelsys.com], the leading provider of innovative credit technology solutions and processing services to the financial technology and services market, intends to hold an investor conference call on November 4, 2021 at 11:00 A.M. Eastern Time in conjunction with the company’s earnings release for the quarter ended September 30, 2021. The company plans to issue a press release with the financial results for the period before the market opens on November 4, 2021.

Interested investors are invited to attend the conference call by accessing the webcast at https://www.webcast-eqs.com/ins11042021_en/en or by dialing 1-877-407-0890. As part of the conference call Intelligent Systems will be conducting a question-and-answer session where participants are invited to email their questions to questions@intelsys.com prior to the call. A transcript of the call will be posted on the company’s website at www.intelsys.com as soon as available after the call.

About Intelligent Systems Corporation:   
For over thirty-five years, Intelligent Systems Corporation [NYSE: INS] has identified, created, operated and grown technology companies. The company’s principal operations are CoreCard Software, Inc. (www.corecard.com) and its affiliate companies. CoreCard provides prepaid and credit card processing services using its proprietary software solutions that it also licenses to others. CoreCard has designed and developed a comprehensive suite of software solutions that corporations, financial institutions, retailers and processors use to manage credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and small loan transactions. CoreCard's flexible and proven processing platform is being utilized in many countries in addition to the United States including Australia, Canada, China, the United Arab Emirates, France, Italy, Mexico, New Zealand, Singapore, South Africa and the United Kingdom. Further information is available on the company’s website at www.intelsys.com or by calling the company at 770-381-2900.

Forward-looking Statements:
In addition to historical information, this news release may contain forward-looking statements relating to Intelligent Systems Corporation and its subsidiary and affiliated companies. These statements include all statements that are not statements of historical fact regarding the intent, belief or expectations of Intelligent Systems Corporation and its management with respect to, among other things, results of operations, product plans, and financial condition. The words "may," "will," "anticipate," "believe," "intend," "expect," "estimate," "plan," "strategy" and similar expressions are intended to identify forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. The company does not undertake to update or revise any forward-looking statements whether as a result of new developments or otherwise, except as required by law. Among the factors that could cause actual results to differ materially from those indicated by such forward-looking statements are instability in the financial markets, delays in product development, undetected software errors, competitive pressures, changes in customers’ requirements or financial condition, market acceptance of products and services, the impact of new or changes in current laws, regulations or other industry standards, risks relating to unauthorized access to confidential information due to criminal conduct, attacks by hackers, employee or insider malfeasance and/or human error and declines in general economic and financial market conditions, particularly those that cause businesses to delay or cancel purchase decisions.

Contact:        Intelligent Systems Corporation
Matthew A. White, Chief Financial Officer
770-564-5504
matt@intelsys.com

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Financials (USD)
Sales 2021 47,4 M - -
Net income 2021 8,82 M - -
Net cash 2021 29,3 M - -
P/E ratio 2021 36,3x
Yield 2021 -
Capitalization 315 M 315 M -
EV / Sales 2021 6,03x
EV / Sales 2022 4,63x
Nbr of Employees 570
Free-Float -
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Mean consensus BUY
Number of Analysts 2
Last Close Price 36,26 $
Average target price 59,50 $
Spread / Average Target 64,1%
EPS Revisions
Managers and Directors
James Leland Strange Chairman, President & Chief Executive Officer
Matthew A. White Chief Financial Officer, Secretary & VP
Philip H. Moise Independent Director
A. Russell Chandler Independent Director
Elizabeth W. Camp Independent Director
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