OverviewSuggest Edit

NIC is a provider of digital government services. The company offers its services through two channels: state enterprise businesses and software and services businesses. It enters into contracts with state and local governments to design, build, and operate digital government services on an enterprise-wide basis on their behalf. NIC also provides software development and payment processing services to federal agencies, as well as state and local governments.

TypePublic
Founded1992
HQOlathe, US
Websiteegov.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)1,000(+9%)
Job Openings10
Revenue (FY, 2019)$354.2 M(+3%)
Share Price (Jul 2020)$23.1
Cybersecurity ratingCMore

Key People/Management at NIC

William A. Van Asselt

William A. Van Asselt

General Counsel
Doug Rogers

Doug Rogers

Senior Vice President of Business Development
Harry H. Herington

Harry H. Herington

Chief Executive Officer and Chairman of the Board
Stephen M. Kovzan

Stephen M. Kovzan

CFO
Jayne Friedland Holland

Jayne Friedland Holland

Chief Security Officer and Associate General Counsel
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NIC Office Locations

NIC has an office in Olathe
Olathe, US (HQ)
25501 W Valley Pkwy #300
Show all (1)

NIC Financials and Metrics

NIC Revenue

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NIC's revenue was reported to be $354.21 m in FY, 2019 which is a 2.7% increase from the previous period.
USD

Revenue (Q1, 2020)

91.1m

Gross profit (Q1, 2020)

34.1m

Gross profit margin (Q1, 2020), %

37.4%

Net income (Q1, 2020)

11.9m

EBIT (Q1, 2020)

15.3m

Market capitalization (3-Jul-2020)

1.5b

Closing stock price (3-Jul-2020)

23.1

Cash (31-Mar-2020)

217.6m

EV

1.3b
NIC's current market capitalization is $1.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

336.5m344.9m354.2m

Revenue growth, %

2%3%

Cost of goods sold

200.5m204.0m217.1m

Gross profit

136.0m140.9m137.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

83.2m85.3m84.5m86.7m92.5m87.0m85.2m91.6m90.4m91.1m

Cost of goods sold

48.8m50.8m50.5m50.9m53.9m50.5m51.4m55.6m54.0m57.0m

Gross profit

34.4m34.5m34.0m35.9m38.6m36.6m33.8m36.0m36.4m34.1m

Gross profit Margin, %

41%40%40%41%42%42%40%39%40%37%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

160.8m191.7m214.4m

Accounts Receivable

103.9m80.9m85.4m

Prepaid Expenses

12.8m13.7m12.9m

Current Assets

277.6m286.3m312.7m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

51.6m58.3m50.4m

Depreciation and Amortization

6.9m9.1m12.6m

Accounts Payable

15.7m(28.8m)3.6m

Cash From Operating Activities

64.8m69.8m72.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

14.0m26.8m40.8m15.5m32.5m48.4m11.5m26.0m40.5m11.9m

Depreciation and Amortization

1.6m3.3m5.1m2.1m4.2m6.7m2.4m5.6m9.1m3.5m

Accounts Payable

(9.8m)(14.5m)(5.9m)(20.1m)(19.5m)(13.0m)20.0m23.6m24.7m24.4m

Cash From Operating Activities

4.9m24.4m48.6m9.2m28.4m49.6m1.1m27.8m58.7m16.9m
USDQ1, 2017

Financial Leverage

1.7 x
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NIC Operating Metrics

NIC's Active Contracts was reported to be 15 in Q1, 2020.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Active Contracts

15 14 14 27 17 16 15 15 16 16 15 15 15

Portals

28 28 28 28 27 27 27 27 27 28 27 27 26 26 26 27 27 27 26 26
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NIC Acquisitions / Subsidiaries

Company NameDateDeal Size
CompliaMay 06, 2019
Alabama Interactive
Arkansas Information Consortium
Colorado Interactive
Connecticut Interactive
Hawaii Information Consortium
Idaho Information Consortium
Illinois Interactive
Indiana Interactive
Iowa Interactive
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NIC Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

NIC Revenue Breakdown

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NIC revenue breakdown by business segment: 90.5% from Software and Services and 9.5% from State Enterprise

NIC Online and Social Media Presence

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NIC News and Updates

Jet Joins The Nic Harcourt Show in the Morning at 88.5-FM

Media Contact: Carmen Ramos Chandler (818) 677-2130 Comments Off on ‘Jet’ Joins ‘The Nic Harcourt Show’ in the Morning at 88.5-FMread more

IGNITE Partners with VapeEZ for Dubai Distribution of new IGNITE NIC product line

LOS ANGELES, March 16, 2020 /PRNewswire/ -- IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) ("IGNITE" or the "Company"), a global consumer packaged goods brand operating across various product lines, has signed a definitive agreement with VapeEZ Technology for nicotine...

NIC Employees, Superheroes Team Up in Third Annual Holiday Heroes for Children of Topeka Rescue Mission, First Responders

The afternoon celebration included carnival games, toys and a special gift to last beyond holiday season.read more

Sabra Health Care REIT, Inc. to Attend the BAML 2019 Global Real Estate Conference, the 2019 NIC Fall Conference and the BMO Capital Markets 14th Annual Real Estate Conference

On September 11 - 13, 2019, Mr. Matros, Talya Nevo-Hacohen, the company’s Chief Investment Officer, and other members of the company will attend the 2019 NIC Fall Conference at the Sheraton Hotel in Chicago, Illinois.read more
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NIC Frequently Asked Questions

  • When was NIC founded?

    NIC was founded in 1992.

  • Who are NIC key executives?

    NIC's key executives are William A. Van Asselt, Doug Rogers and Harry H. Herington.

  • How many employees does NIC have?

    NIC has 1,000 employees.

  • What is NIC revenue?

    Latest NIC annual revenue is $354.2 m.

  • What is NIC revenue per employee?

    Latest NIC revenue per employee is $354.2 k.

  • Who are NIC competitors?

    Competitors of NIC include ACI Worldwide, Accela and GCR.

  • Where is NIC headquarters?

    NIC headquarters is located at 25501 W Valley Pkwy #300, Olathe.

  • Where are NIC offices?

    NIC has an office in Olathe.

  • How many offices does NIC have?

    NIC has 1 office.