Canada's Tecsys Q4 revenue hits record, posts net loss on restructuring costs
Canada's Tecsys Q4 revenue hits record, posts net loss on restructuring costs
Overview
Canada supply chain software firm's fiscal Q4 revenue rose to record C$50 mln
Adjusted EBITDA for fiscal Q4 climbed 56% to C$6.7 mln
Company posted net loss on C$4.7 mln restructuring costs
Outlook
Tecsys sees FY27 total revenue growth of 2-4%
Company expects FY27 Elite SaaS revenue growth of 18-20%
Tecsys forecasts FY27 adjusted EBITDA margin of 11-13%
Result Drivers
SAAS GROWTH - Q4 revenue was driven by a 21% increase in Elite SaaS revenue and 17% growth in total SaaS revenue
CUSTOMER ENGAGEMENT - Co cited strong customer engagement and demand for connected supply chain solutions
Company press release: ID:nCNW6B5Ska
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Loss |
| C$200,000 |
|
Q4 Adjusted EBITDA |
| C$6.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 Tecsys Inc is C$40.00, about 13.6% above its June 26 closing price of C$35.21
The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 35 three months ago
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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.)
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Canada's Tecsys Q4 revenue hits record, posts net loss on restructuring costs
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