NIC INC (EGOV) [Rocket]

In millions, except per share items	Dec-31-20	Sep-30-20	Jun-30-20	Jun-05-20	Mar-31-20	Mar-05-20	Dec-31-19	Sep-30-19
	10-K	10-Q	10-Q	8-K	10-Q	8-K	10-K	10-Q
Revenues:
State Enterprise	331.7	316.0	297.8		294.8		290.3	282.2
Other	128.7	168.2	64.4		65.3		63.9	138.4
Total revenues	460.5	406.4	362.2		360.1		354.2	345.8
Revenue growth [+]	30.0%	17.5%	5.8%		4.9%		2.7%	-42.6%
State Enterprise	14.3%	12.0%	2.7%		-2.2%		-7.1%
Cost of goods sold	294.7	261.7	223.4		222.7		217.1	216.5
Gross profit	165.7	151.9	138.8		137.4		137.1	136.0
Gross margin	36.0%	37.4%	38.3%		38.2%		38.7%	39.3%
Selling, general and administrative [+]	34.6	33.9	33.3		33.3		35.2	34.9
Sales and marketing		25.2	24.5		24.6			26.5
General and administrative	9.4						8.7
Research and development	29.5	28.7	28.1		27.7		26.9	26.3
Other operating expenses	0.4						2.5
EBITDA [+]	101.3	86.8	74.9		73.9		72.5	74.2
EBITDA growth	39.7%	17.0%	0.5%		-5.5%		-13.2%	-16.1%
EBITDA margin	22.0%	21.3%	20.7%		20.5%		20.5%	21.5%
Depreciation and amortization	14.2	14.0	14.0		13.7		12.6	10.2
EBIT [+]	87.0	72.7	60.9		60.3		59.9	62.6
EBIT growth	45.3%	16.1%	-5.0%		-12.4%		-19.5%	-21.6%
EBIT margin	18.9%	17.9%	16.8%		16.7%		16.9%	18.1%
Interest income					2.3		2.5	1.7
Interest income					2.3		2.5	2.3
Pre-tax income	87.4	73.7	62.6		62.6		62.4	64.9
Income taxes	19.2	15.5	15.0		14.3		14.5	15.2
Tax rate	22.0%	21.1%	24.0%		22.8%		23.2%	23.5%
Net income	87.8	75.2	64.6		65.3		64.9	67.7
Net margin	19.1%	18.5%	17.8%		18.1%		18.3%	19.6%

Basic EPS [+]	$1.31	$1.12	$0.96		$0.98		$0.97	$1.01
Growth	35.0%	40.7%	-6.9%		-9.4%		-14.7%	-21.7%
Diluted EPS [+]	$1.31	$1.12	$0.96		$0.98		$0.97	$1.01
Growth	34.9%	40.8%	-6.9%		-9.4%		-14.7%	-21.6%

Dividends per share [+]	$0.36	$0.35	$0.34		$0.33	$0.00	$0.32	$0.32
Growth	12.5%	45.9%	6.2%		3.1%		0.0%	0.1%

Shares outstanding (basic) [+]	67.0	67.0	67.0		67.0		66.9	66.8
Growth	0.2%	0.3%	0.5%		0.6%		0.6%	0.5%
Shares outstanding (diluted) [+]	67.0	67.0	67.0		67.0		66.9	66.8
Growth	0.2%	0.3%	0.4%		0.5%		0.6%	0.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.