Agnt (AGNT) FY2022 results: revenue $4.6 billion, up 21.9% on the year

Agnt, Inc. (AGNT) reported revenue of $4.6 billion for fiscal 2022, the year ended 31 December 2022, up 21.9% on the year before. Net income was $15 million, down 81.0%, and diluted earnings per share $0.10. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.

Revenue

$4.6 billion

+21.9% on the year

FY2015FY2022

Operating margin

0.4%

0.9% a year earlier

FY2015FY2022

Net income

$15 million

-81.0% on the year

FY2015FY2022

Diluted EPS

$0.10

-80.4% on the year

FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	4,598	3,771	1,798	+21.9%
Research and development	54.2	n/a	n/a
Operating income	16.4	34.2	31.6	-52.1%
Operating margin	0.4%	0.9%	1.8%
Pre-tax income	15.5	33.7	31.4	-53.9%
Income tax	-8.2	-47.5	0.4
Effective tax rate	-52.8%	-141.0%	1.3%
Net income	15.4	81.2	31.1	-81.0%
Net margin	0.3%	2.2%	1.7%
Diluted EPS	$0.10	$0.51	$0.21	-80.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2022	FY2021	FY2020	On the year
Operating cash flow	211	247	120	-14.7%
Capital expenditure	12.1	13.4	6.4	-10.2%
Free cash flow	198	233	113	-15.0%
Free cash flow margin	4.3%	6.2%	6.3%
Cash from investing	-22.5	-18.9	-17.0
Cash from financing	-205	-180	-21.9
Depreciation and amortisation	9.8	6.2	4.2	+57.5%
Share-based compensation	n/a	13.1	6.8
Buybacks	179	172	29.4	+4.3%
Dividends paid	25.2	11.5	n/a	+118.5%
Diluted shares, weighted	156m	158m	152m	-1.0%
Shares outstanding at period end	153m	149m	144m	+2.7%

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	248	222	142	+11.5%
Non-controlling interest	1.2	1.4	1.0	-14.3%
Debt	4.7	2.7	4.3	+73.1%
Operating lease liabilities	0.7	0.8	0.1	-9.3%
Other liabilities	127	187	95.2	-31.9%
Total liabilities and equity	382	414	242	-7.8%
Fixed assets	18.2	15.9	7.8	+14.1%
Goodwill	27.2	12.9	12.9	+110.2%
Intangible assets	8.7	7.5	8.3	+15.6%
Cash and equivalents	122	108	100	+12.3%
Receivables	87.3	133	77.0	-34.6%
Other assets	119	136	36.0	-12.5%
Total assets	382	414	242	-7.8%

10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.