Thank XXXX, first to year quarter prior in we quarter. In you, compared per of $X.XX the the $X.XX Harry. earned share
Texas a software quarter the to Texas income the processing that item, in services year, move the we limited is reclassified handle schedule and payment a digital in state the out enterprise category for statement services other our category of the like services payment beginning annual where on processing processing. Before we payment lays contract payment year core Relations develop the that quarters, with and prior the the software our also government XXXX to in the contracts results the a when quarterly we traditional as from current beginning quarter, first a manage enterprise payment contract reclassification this not third given both and in Investor in We’ve commenced. on our our contract and business quarter of section supplemental in egov.com and site the basis, to of is category, and related housekeeping Texas processing included and
Moving to COVID-XX the kicked enterprise before on the quarter We to had March. strong core the year-over-year. of full results a the in Same-state to toward X% half grew response revenues for nation’s latter start quarter. very mitigation
our services, As screening a businesses, a a more in records including moment. history to our state interactive quarter was below on enterprise service, for our services driver partial-month in and and same-state extent certain internal the a to COVID-XX will program addition of notably impact federal result, speak I government of lesser pre-employment to the certain services, the Recreation.gov expectations, federal our and of which reflecting growth most modestly software
Same-state first, quarter. enterprise history break growth But DHR components for were down the same-state record of transaction-based X% I’ll year-over-year. revenues or the down major driver
we March, of the same-state and to in revenues company’s by decline month same-state to never were XXXX were DHR history. revenues X% as seeing clearly down monthly our extent have the For March this impacted compared DHR epidemic
As we’ve situation DHR different. past, is in this transparency over discussed the volumes drives no time, ideal and into what we have don’t
on lower based our seem reports, DHR in this media several when the with volumes industry, point. resellers, result us factors could at the However, of speaking we data to various be including and suspect reasonable contacts that
and government and a First, record adjust by to data for participants stay-at-home and arrangements to in orders pause pools the have half to carriers. insurance fewer led resellers both temporary second of March work-from-home could industry
in of example, challenges. to update to records unable our partners As late a one was DHR work-from-home period an starting bulk for due government March two-week staffing
able was to April. state the second records week updating resume Fortunately, the of
be fewer response claims auto due is to pools. leading on drivers could guidelines, customers DHR citations to social which to Second, Also, distancing issuing insurers volumes. be driving several announced for large enforcement contributing the refunds fewer road, will violations they to be fewer sending in which law could the as to lower had fallen insurance also country across DHR
home companies entertainment hiring contributing this DHR which could sudden standstill be which auto industries, are travel, a checks, the contributing Third, particularly as well. and record sales, softness and finally, with companies the have fewer to prompted pools, background and pools. fewer downturn, historically DHR economic could conducting employees restaurant be during in are fewer And at to retail,
it fourth impact any when the this the start most precision, and in potentially is of on most of back economy on difficult will in second sharp the decline to we the full duration lockdown and country quarter a to predict up. While softness extent, with lesser magnitude to third pandemic’s hope slowly and open expect we economy DHR the with and the the pronounced volumes and be quarter, the broader country in
or higher which solid Wisconsin, auto titling state launched licensing fishing online up services half transaction-based Interactive and in as and the in second processing revenues, same-state year, of Next, business. last revenues Government certain most other in for new quarter notably system our XX% by across New IGS Jersey; states as in revenues higher the hunting the from revenues revenues higher several certain and driven Services, states, were registration enterprise in a well payment
XXXX. the up same-state were of IGS March, revenues For compared X% to month March
driver’s of contributed the offices our in allow lower states saw stemming XX to of and the from the with XX-day government revenues Over close extensions days IGS registrations we our to states. renew comply to several of several and citizens last orders brick-and-mortar licenses, enterprise COVID-XX pandemic stay-at-home DMVs saw in several also which to certain month, auto
as volumes previously our On from in across we conducted state saw transactions offices online services increase the businesses moved substantial online. in government side, flip a several enterprise
revenues impact the deferred important of will will IGS belts, given our our it’s for believe pandemic most precision, discretionary. a of COVID-XX it of but ultimately year IGS on While to rest of portion occur month this is difficult be with under partial And to a predict to are the a the remember; most as the only transactions result, future year, not we IGS services periods. results
in revenues. we for or by offset are revenue payment Furthermore, could government declines processing approximate partially offset services many a be online point-of-sale we XX% related, in transactions brick-and-mortar the services corresponding for by which to manage in offices partially expect of merchant same an which point-of-sale increase decline processing costs,
on I One on last our is ongoing efforts want touch front outdoor Software area in I and to recreation move our businesses Services Pennsylvania Illinois. the to before &
we $XXX,XXX Illinois, $XXX,XXX incurred prior implement about we to recreation costs our Pennsylvania. outdoor quarter up from quarter, the in about For state on of Pennsylvania and platform exclusively in focused enterprise the when year were
our announced of we midpoint year. when around guidance, to year, this XXXX launch the we expected this Pennsylvania Earlier
million. resources entirely to in the to field requested the work which, currently pushes our point inability of given the estimate the state XXXX out with with the the of launch generate work the the point-of-sale circumstances, season previous hunting Unfortunately, and in expect lack launch reasonable. of the move COVID-XX state September, during us, lockdown, recently $X.X fishing busy Pennsylvania the for of of agents is because around we in we including during out and However, for date the revenues reduces $XXX,XXX, to that pandemic,
incorporated our impact shortly. $X than I have which in time into somewhere the we million However, operating which will expect the the revenue of for the neighborhood be and of resources, line because the to year, forecast our year, have will only we for adjustments made discuss less development we project income impact,
forward contract, successful However, year. a situation later to lining silver look we We an to because our extra and which total. year this coming solution there’s from a now the much negotiated that the this delay, extends years a in XX of and appreciate partnership of very launch state’s to
on. Moving
driven NIC and were business during or monitoring in Texas $X.X Software revenues revenues & business, prior quarter, our $XXX,XXX contributed prescription acquired over drug a the recently the from revenue the from million which RxGov services growth mainly year processing combined X% Solutions up payment Licensing contract. by and quarter,
two Hamilton. of the pre-employment first. touch I’ll PSP, PSP contracts: will federal our behalf outdoor program, recreation I operate the and Booz Federal which on the a largest Carrier or now Recreation.gov operate with Allen on Administration; Safety we service screening we Motor subcontractor address as the
flat, of was part growth revenue PSP quarter, X% month in the large because the decline for of revenues in March. For the
Association, of continued on before communications mandatory is and counterparts a associated the the the a briefly. our government based in touch Trucking several trucking result we PSP coming companies PSP I factors, and on other service from trade which the volumes in do, I and as a the currently In But speaking American reminder, with anticipate not months motor softening for carriers will as with industry. publications
COVID-XX trucking will essential However, reasons. following albeit pace a expect thus, continue news records, and slower the PSP pandemic. is several for And that pull drivers companies the industry is critically during months hire the at the we over the trucking good next to
their rapid starting First, as economy the because truckers in to driver PSP we jobs, decreasing record COVID-XX holding suspect pandemic, pools. mostly broader are in second half turnover of the be is contributing the March, of from the which fewer on deterioration could to
of temporarily regulation the FMCSA to Second, due their pandemic. the lifted service hours COVID-XX
need congested, because drivers the routes roadways completing have spending time necessitates in time, reduces less are nation’s Furthermore, many on on less are which more road, are to So fewer the truckers the as truckers which drivers. staff. also
deliver an way gives demand non-durable hours the for for could be manufacturers goods companies to are truckers cutting to remains relatively back spending consumer products volumes. national and raw of to which that movement initial the reducing pulling goods lower downturn, economic as contributing PSP the also Third, while pay, trucking strong,
extent, coach as the companies such pandemic. the Finally and bus Greyhound including travel COVID-XX ceased have Lines, industry, a nearly all is to to lesser due motor tourism-based, and highly
industry, motor motor a small industry pools. is of overall be to very carrier it the contributing the coach record PSP While could portion fewer too
the around softening the softness country most the revenues, to And are then expect volumes of moderate be of April, evidence up. PSP the year start three year-over-year. through back second quarter, slowly the down this pronounced hopefully back half in we first of to as As open PSP weeks economy and in XX%
Recreation.gov. Next, I’ll cover
Rec.gov as For over two X%. were up up Rec.gov first and sites we to Through the monument Washington and month the and the popular parks downturn eliminate last were the began Yosemite iconic revenues in as of But a social year, days the to quarter, March, saw distancing. close months revenues crowds several such XX% then the national over Yellowstone, of of XX%. enforce
Furthermore, the U.S.
at Service through which least likely campgrounds, recently most to Forest closed closed May. remain are
to parks recreation We note, of this improve expect much start open revenue positive and activity recreation strong up. hopefully continue fishing quarter, national at March. second in ending softness of a hunting quarter the areas was state the the our specifically when first On then the outdoor to year level, licensing our and through for back half slowly back the
XX% year the on closed $XXX,XXX the by expenses. acquisition, Licensing prior approximately quarter, X, expense Depreciation in from the year the Moving the and from and May RxGov $XXX,XXX up the which which and for quarter; approximately to intangible asset totaled XXXX, on increased approximately amortization quarter. Solutions acquisition, for mainly asset prior operating by $XXX,XXX totaled from million quarter driven $X.X amortization or NIC
administrative reduced prior reflect year totaling down of prior increased income selling executive quarter the resulting in by expenses the margin in operating $X.X XX% for quarter an which Recall X%, year costs million, $X.XX. income EPS Operating from severance that quarter. and the in XX%,
would the quarter these in operating costs, income the Excluding approximately have margin been XX%. prior year
Licensing quarter, The our and and costs outdoor mainly Solutions high-margin company’s the recently and higher revenues current decline including from NIC to businesses, implement in incremental recreation dilution Pennsylvania Illinois solution decline the in in comprehensive quarter for operating aforementioned acquired RxGov in margin DHR the expense. the modest the amortization reflects
to our on our to COVID-XX quarter federal March comments results, following earn a rate funds investable XXXX, income we interest $XXX,XXX, cash rates the average emergency Federal from was down to in my balance first XXXX zero. the conclude pandemic, interest in quarterly made cuts the to on To due mainly lowering of Reserve’s essentially in decrease $XXX,XXX the in response
result, EPS a remainder for if reflects we the XXXX that be expect any, from guidance As year to interest of for Recall approximately $X.XX insignificant. interest issued income, income. the previously our
and So income we fall we $X.XX short the interest to that the well earned of of expect well in in short XXXX.
guidance. our to now Turning
our We rest on have best the COVID-XX of the may for have tried our year. business to impact evaluate the potentially
conservative only And have given consideration, what month taking future from results to yet guidance into of know endeavored be We periods. full and a until COVID-XX the a won’t accurate today. directionally we from effect partial know we standpoint pandemic the have
the That previously being low million, said, of for our for we which was $XXX.X our of at to our currently low and full of $X.XX. end come end adjusted previously guidance revenues, the guidance, at year issued the of at EPS end in total issued previously million, which $XX.X EBITDA expect issued was low XXXX, guidance
my combination forecast stringent resulting on softness, of investments, IGS prepared lower Our of fees we variable portion critical cost assumes remarks, discretionary in offset revenues I will card just interchange the spending, a open controls covered XXXX from focusing current revenue positions. with lower a for over and credit including
discrete to costs, the forecast current as XX% items our remain expect through we the on in XX% of travel the significantly between to quarter company-wide the be effective back lower XXXX. gradually open start of half incur and will to in much year. tax currently lockdown and rate before country second our expect We any Furthermore, assumes
were potential statutes’ be the expiration XX% closer XXXX. in implementations, tax tax rate our could However, to discrete of if ultimately to we to due effective recognize items
from unchanged. from and development to remains software $X for $X expected $X million. million guidance previous range capitalized capitalized Our expenditures internal million expenditures million use for capital to The and costs currently costs $XX range to capital to development XXXX software
revenue pandemic, remains a helping softness company our some conclusion, In is unprecedented in business. essential business resulting from the for NIC strong open despite COVID-XX the government
company was offices. government years XX to government with in interact online built enable Our and of line citizens instead at businesses ago to
due before. hope is many who and they including businesses our the pandemic didn’t do with easy to Social the ends. And and more citizens so convenient distancing continue is to digitally, to find the pushing interact experience after pandemic government and
Furthermore, debt-free and cash and our flow, comfort financial us times. sheet surplus consistent balance provides these cash uncertain during strength significant
While we are not and many companies immune than to the financial we impact the in the fair be will better throughout COVID-X a crisis. pandemic, we resilient believe stand
country to does risks, If times, technology an economic our not while into value during recessionary businesses industry convenient I increase providing shine means is their government to government faster, more and in with CFO will model I’m proposition I prouder time and period, the citizens the of extended continue efficiencies so their our avoid tough as to could slide with even to a reduce significant and and This operational government. costs, more believe be help now our safer, financial and be and cost-effective interact resonate we NIC. business more than
my call back today, over I wraps up the turn That to so Harry. will remarks prepared
