Sylogist Q3 revenue down 4.2%

Sylogist

06/11/2025 11:14

Overview

Sylogist fiscal Q3 total revenue declines 4.2% yr/yr

SaaS subscription revenue grows 11.9% yr/yr, reflecting transformation to SaaS-driven enterprise

Adjusted EBITDA margin at 19.3%, net income negative

Outlook

Company did not provide specific financial guidance for future quarters

Result Drivers

PARTNER STRATEGY - 48% of ARR Bookings in Q3 were partner-driven, indicating strong traction with partner strategy, per CEO Bill Wood

RECURRING REVENUE - Co reports 72% of total revenue as recurring, reflecting a shift from lower margin, one-time project services

SaaS ARR GROWTH - SaaS ARR increased 15% yr/yr to C$33.6 mln, supporting the company's SaaS transformation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Margin
60.00%
Q3 Dividend
C$0.01


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "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$10.50, about 48.5% above its November 5 closing price of C$5.41

The stock recently traded at 395 times the next 12-month earnings vs. a P/E of 71 three months ago

Press Release: ID:nGNX933SKb

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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.)