Canadian  legal software provider Dye & Durham's Q4 adjusted core profit jumps

Dye & Durham

29/09/2026 11:51

Overview
Canada legal software provider's Q4 revenue fell 1% yr/yr, up 4% excluding Credas disposal
Q4 adjusted EBITDA rose 15% yr/yr, up 18% excluding Credas disposal
Company recorded Q4 net loss of C$19.9 mln, improved from prior yr

Outlook
Company expects continued cost reductions through automation and consolidation in fiscal 2027
Dye & Durham says transition to a single global operating model is ongoing

Result Drivers
CREDAS DISPOSAL - Co said excluding impact of Credas disposal, revenue returned to growth and adjusted EBITDA improved

Company press release: ID:nCNWxN5hDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$104.2 mln
 
Q4 Loss Per Share
 
C$0.32
 
Q4 Net Loss
 
C$19.9 mln
 
Q4 Adjusted EBITDA
 
C$55.1 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Dye & Durham Limited is C$3.75, about 689.5% above its September 28 closing price of C$0.48

Reuters Recommended Reads
Sept 28 - Canada's Sangoma Q4 posts large net loss on goodwill impairment, inventory write-down
Sept 28 - UK's Checkit returns to EBITDA profit in H1 on higher recurring revenue, lower costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)