Sylogist Achieves Record Q1 2025 Results with Strong SaaS Growth

Sylogist ( (TSE:SYZ) ) has issued an announcement.

Sylogist reported strong financial results for the first quarter of 2025, with record bookings of $23.1 million and a 15% growth in SaaS Annual Recurring Revenue (ARR). The company achieved a 16.1% adjusted EBITDA margin and a high customer satisfaction score, indicating robust customer advocacy and investment. A notable contract with the Texas Office of the Attorney General contributed significantly to the bookings. The company’s strategic focus on SaaS and partner-centric value creation is driving high-margin revenue growth and operational scalability.

The most recent analyst rating on (TSE:SYZ) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Sylogist stock, see the TSE:SYZ Stock Forecast page.

Spark’s Take on TSE:SYZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:SYZ is a Neutral.

Sylogist’s overall stock score reflects its strong strategic execution and growth in SaaS bookings and ARR, despite concerns about revenue declines and high leverage. The stock’s technical indicators suggest short-term positivity but caution is advised due to overbought signals. The negative P/E ratio and low dividend yield impact its valuation score.

To see Spark’s full report on TSE:SYZ stock, click here.

More about Sylogist

Sylogist is a company that provides mission-critical SaaS solutions to over 2,000 public sector customers globally, focusing on the government, non-profit, and education market segments. The company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ.

Average Trading Volume: 42,769

Technical Sentiment Signal: Buy

Current Market Cap: C$214.7M

For detailed information about SYZ stock, go to TipRanks’ Stock Analysis page.