NIC is the nation's leading provider of official government websites, online services, and secure payment processing solutions. The Company's innovative eGovernment services help make government more accessible to everyone through technology. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses. 

In the primary outsourced portal businesses, the Company enters into contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. Its software and services businesses include its subsidiaries that provide software development and payment processing services, other than outsourced portal services, to state and local governments, as well as federal agencies.


Type
Public
HQ
Olathe, US
Founded
1992
Size (employees)
929 (est)
Website
egov.com
NIC was founded in 1992 and is headquartered in Olathe, US
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Key People/Management at NIC

Harry Herington

Harry Herington

Chief Executive Officer and Chairman of the Board
Stephen Kovzan

Stephen Kovzan

Chief Financial Officer
Robert Knapp

Robert Knapp

Chief Operating Officer
William Bradley

William Bradley

Executive Vice President, Chief Administrative Officer, General Counsel, & Secretary
Ron Thornburgh

Ron Thornburgh

Senior Vice President of Business Development
Aimi Daughtery

Aimi Daughtery

Chief Accounting Officer
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NIC Office Locations

NIC has an office in Olathe
Olathe, US (HQ)
300 25501 W Valley Pkwy
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NIC Financials and Metrics

NIC Financials

NIC's revenue was reported to be $317.91 m in FY, 2016 which is a 8.7% increase from the previous period.
USD

Revenue (Q3, 2017)

84.5 m

Net income (Q3, 2017)

14 m

Market capitalization (18-Apr-2018)

964.2 m

Cash (30-Sep-2017)

152.3 m
NIC's current market capitalization is $964.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

249.3 m272.1 m292.4 m317.9 m

Revenue growth, %

9%7%9%

General and administrative expense

36.9 m38.9 m

Operating expense total

36.9 m38.9 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

75.8 m75 m78.4 m80.8 m80.4 m83.2 m85.3 m84.5 m

Operating expense total

57.3 m55.1 m58 m60.5 m60 m62.1 m65.6 m64.4 m

Income tax expense

7.3 m7.2 m7.5 m7.3 m4.2 m7.1 m7 m6.1 m

Net Income

20.4 m30.8 m8.9 m11.3 m12.8 m12.9 m13.1 m16.2 m14 m12.8 m14 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

74.2 m88 m98.4 m127 m

Accounts Receivable

82.7 m

Current Assets

162.7 m158 m227.8 m224.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

90.9 m81.6 m95.7 m106 m92.1 m107.4 m122.4 m105.8 m128.1 m151.4 m123.6 m135.4 m152.3 m

Accounts Receivable

61 m61.6 m61.2 m61.9 m67.8 m76.5 m78.6 m79.2 m77.4 m82 m83.8 m79.3 m83.8 m

Current Assets

165.1 m154.7 m168.5 m179.7 m173.5 m196.5 m211.8 m198.9 m220.3 m247.9 m220 m227.1 m247.8 m

PP&E

14.2 m14.1 m13.7 m13 m11 m10.5 m9.7 m9.5 m9.3 m9.1 m9.6 m9.7 m9.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

32 m39.1 m42 m55.8 m

Accounts Payable

(4.5 m)2.3 m19.7 m12.1 m

Cash From Operating Activities

40.9 m51.3 m50.8 m78.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

25.9 m9.4 m20.4 m30.8 m8.9 m20.2 m33 m12.9 m26 m42.2 m14 m26.8 m40.8 m

Accounts Payable

2.2 m8 m6.7 m2.4 m6.9 m14 m13.8 m(3.4 m)1.6 m10.2 m(14.5 m)(5.9 m)

Cash From Operating Activities

31.4 m6.8 m22.7 m34.6 m3.8 m20.8 m37 m8.1 m32.1 m57.2 m4.9 m24.4 m48.6 m

Purchases of PP&E

(3.9 m)(919 k)(2.7 m)(4 m)(677 k)(2.2 m)(3.3 m)(1.5 m)(2.7 m)(3.9 m)(929 k)(2.4 m)(3.3 m)
USDY, 2017

Revenue/Employee

91 k

Financial Leverage

1.6 x
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NIC Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Portals

28 28 28 28 27 27 27 27 27 28 27 27 26 26 26
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NIC News and Updates

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Infrastructure chief Lord Adonis quits post over May's handling of Brexit

Influential peer Lord Adonis has quit his post as an infrastructure adviser, saying that the government has become too aligned with Ukip over Brexit. Adonis was head of the government's National Infrastructure Commission (NIC), but has told Theresa May that Brexit is preoccupying Whitehall, and t…

Navistar reports 2017 fourth quarter and full year results

Fourth quarter 2017 adjusted EBITDA was $268 million, which included $11 million of adjustments. Adjusted EBITDA margins increased to 10.3 percent. Fiscal year 2017 adjusted EBITDA was $582 million, versus $508 million adjusted EBITDA for 2016. Full-year adjusted EBITDA margins increased to 6.8 perc…

South Korea hikes rates, will Asia follow?

South Korea is taking everything in its stride, including the threat of war. While the Pyongyang’s latest missile test landed somewhere in the Sea of Japan, the Bank of Korea (BOK) raised interest rates for the first time since 2011 as the economy exceeded even the highest of expectations. 3rd…
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