AI English summary of an SEC filing — figures as filed

The company said on October 28, 2024 that deconversion revenue for the fiscal Q1 quarter ended September 30, 2024 was $3.7 million.

8-KResults of Operations and Financial ConditionFiled Oct 28, 2024Period of report Oct 28, 2024Summary published (UTC) Oct 19, 2026

Key points

AI summary

The company said on October 28, 2024 that deconversion revenue for the fiscal Q1 quarter ended September 30, 2024 was $3.7 million.
Based on these results, Jack Henry said deconversion revenue estimates remain at $16 million for full-year fiscal 2025 guidance, as of Q1.
The company said most deconversion revenue is generated when a customer agrees to be acquired by another financial institution, which terminates the customer's contract with the company. In these cases, it said, the recognition of revenue depends on factors outside its control, and this revenue does not represent the ongoing operations of its business of providing services to customers.
The company said deconversion revenue does not represent the true operations of its ongoing business of providing services to customers, and it excludes this revenue from non-GAAP revenue in its quarterly and annual earnings releases.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Fiscal 2025 Q1 Deconversion Revenue $3.7 million

The company said on October 28, 2024 that deconversion revenue for the fiscal Q1 quarter ended September 30, 2024 was $3.7 million.

Source · Based on the filing body and exhibits

Full-Year Deconversion Revenue Estimate Held at $16 million

Based on these results, Jack Henry said deconversion revenue estimates remain at $16 million for full-year fiscal 2025 guidance, as of Q1.

Source · Based on the filing body and exhibits

How Deconversion Revenue Arises

The company said most deconversion revenue is generated when a customer agrees to be acquired by another financial institution, which terminates the customer's contract with the company. In these cases, it said, the recognition of revenue depends on factors outside its control, and this revenue does not represent the ongoing operations of its business of providing services to customers.

Source · Based on the filing body and exhibits

Excluding Deconversion Revenue From Non-GAAP Revenue

The company said deconversion revenue does not represent the true operations of its ongoing business of providing services to customers, and it excludes this revenue from non-GAAP revenue in its quarterly and annual earnings releases.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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