Canada's Sylogist Q2 revenue falls, posts net loss

Sylogist

11/08/2026 22:34

Overview
Canada public sector SaaS firm's Q2 revenue fell 6.5% yr/yr
Company posted net loss of C$2.8 mln for Q2
Gross profit margin for Q2 was 57%

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
OPERATIONAL FOCUS - Co said it is prioritizing improved execution, product portfolio strengthening, and disciplined operations to support long-term growth, per CEO Joel Leetzow
RECURRING REVENUE BASE - Recurring revenue accounted for 76% of total revenue in Q2

Company press release: ID:nNFCc5t3gL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Margin
 
57%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 Sylogist Ltd is C$5.13, about 46.8% above its August 10 closing price of C$3.49

Reuters Recommended Reads
Aug 11 - Canada's Constellation Software Q2 net income up on foreign exchange gains, liability revaluation impacts
Aug 10 - N-Able Q2 revenue slightly beats estimates on AI-powered cybersecurity growth
Aug 11 - Altigen Q3 revenue falls 14% year over year

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)