Sylogist Ltd
TSX:SYZ

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Sylogist Ltd
TSX:SYZ
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Price: 5.56 CAD -2.8% Market Closed
Market Cap: 130m CAD

Sylogist Ltd
Investor Relations

Sylogist Ltd. is a software company, which engages in providing enterprise resource planning solutions, including fund accounting, grant management, and payroll to public service organizations. The company is headquartered in Calgary, Alberta and currently employs 100 full-time employees. The firm operates through Public Sector segment. The Public Sector segment operates in principle geographical areas, which includes Canada, the United States and United Kingdom. The Company’s service customers include Local Governments, Non-Profit Organizations (NPO), Non-Governmental Organizations (NGO), Education Boards and Districts, and Defense and Safety Contractors. The company operates Edmonton, Alberta, Newmarket, Ontario, Atlanta, Georgia, Littleton, Colorado, Washington, Shawnee, Oklahoma, Oxford and Oxfordshire.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

SaaS Transformation: Sylogist's transformation to a SaaS company continues, with SaaS revenue now making up 73% of recurring revenue, up from 68% last year.

Revenue & Margins: Q3 revenue was $13.9 million, with a stable gross margin of 60%. SaaS ARR grew 15% year-over-year to $33.6 million.

Bookings & Pipeline: Q3 bookings were $5.9 million in total contract value, reflecting quarter-to-quarter lumpiness, but the sales pipeline is said to be expanding and gaining balance across strategic markets.

Churn & Baseline: Increased churn in the Mission segment was acknowledged and is described as establishing a new baseline going forward.

Microsoft Partnership: Sylogist achieved managed software development company status with Microsoft, increasing visibility and collaboration.

Cash Position: Cash ended the quarter at $14.1 million, with approximately $10 million in free cash flow generated during Q3, aligning with seasonal expectations.

Guidance Reaffirmed: Management anticipates SaaS ARR growth in the low teens percent, a gross margin of about 60%, and adjusted EBITDA margin in the high teens for the full year.

Key Financials
Revenue
$13.9 million
Project Services Revenue
$4.2 million
SaaS Recurring Revenue as % of Total Recurring Revenue
73%
Total ARR
$45.8 million
SaaS ARR
$33.6 million
SaaS NRR
106%
Gross Margin
60%
G&A as % of Revenue
17%
Sales and Marketing Expenses
$1.8 million
Sales and Marketing as % of Revenue
11%
Gross R&D Spend
$2.6 million
Adjusted EBITDA
$3.1 million
Adjusted EBITDA Margin
19.3%
Cash
$14.1 million
Free Cash Flow
$10 million
Q3 Bookings Total Contract Value
$5.9 million
Q3 Bookings ARR Derived
$1 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. William C. Wood
President, CEO & Non-Independent Director
No Bio Available
Mr. Sujeet Kini
Chief Financial Officer
No Bio Available
Ms. Theresa LoPresti
Chief Technology & Innovation Officer
No Bio Available
Ms. Donna Smiley
Chief Customer Officer
No Bio Available
Mr. Grant McLarnon
Chief Revenue Officer
No Bio Available
Ms. Malgorzata Lewandowski
Corporate Controller & Treasurer
No Bio Available
Ms. Tracy Harder
VP of Talent & Engagement
No Bio Available

Contacts

Address
ALBERTA
Calgary
S.W., 5 Richard Way SW Suite 102
Contacts
+14032664808.0
www.sylogist.com