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Sylogist (TSE:SYZ)
TSX:SYZ
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -9.61%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call revealed strong growth in bookings, SaaS ARR, and partner channel expansion, demonstrating successful execution of strategic initiatives. Despite some anticipated decreases in project services revenue and a slight dip in NRR, the overall financial transformation and positive outlook suggest solid progress and future potential.Company Guidance
During the Q3 2024 earnings call for Sylogist Ltd., the executive team shared a robust set of metrics demonstrating the company's strong financial performance and strategic progress. The company reported a 14% year-over-year growth in bookings, with nearly 40% of these bookings originating from the SylogistEd sector. The success of their competitor displacement strategy was evident, contributing to an impressive win rate of over 70% in the quarter. Furthermore, the bookings pipeline grew by 122% year-over-year, and partner-attached bookings surged by more than 700% year-over-year, representing almost 50% of total bookings in Q3 2024. The SaaS Annual Recurring Revenue (ARR) saw a 13% increase, reaching nearly $30 million, while the SaaS Net Revenue Retention (NRR) stood at 107%. The company also achieved a gross profit margin of 60% and maintained an adjusted EBITDA margin of 25.3%. These metrics underscore Sylogist's successful transition to a SaaS-driven enterprise and its strategic focus on long-term value creation.Strong Bookings Growth
Q3 saw a 14% year-over-year bookings growth, with nearly 40% of bookings from the SylogistEd sector. The bookings pipeline increased by 122% year-over-year.
Partner Channel Expansion
Partner attached bookings grew more than 700% year-over-year and 52% quarter-over-quarter. Partner attached bookings represented almost 50% of total bookings.
SaaS ARR and NRR Growth
SaaS ARR increased by 13% year-over-year to just shy of $30 million, and SaaS NRR came in at a healthy 107%.
SylogistMission and SylogistEd Growth
SylogistMission segment grew at 15% year-over-year, and SylogistEd segment grew by 10% year-over-year.
Successful Transition to SaaS Model
The company has successfully transitioned to a SaaS-driven enterprise with growing recurring revenue and an expanding partner network.
Mission CRM Acquisition Success
ARR for Mission CRM at the three-year mark is $1.9 million, compared to $140,000 at acquisition in October 2021, marking a compounded annual growth of approximately 141%.
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TSE:SYZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SYZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$11.24 | C$10.88 | -3.20% |
| Aug 08, 2024 | C$10.41 | C$11.38 | +9.32% |
| May 09, 2024 | C$8.93 | C$8.85 | -0.90% |
| Mar 14, 2024 | C$8.97 | C$8.90 | -0.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sylogist (TSE:SYZ) report earnings?
Sylogist (TSE:SYZ) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Sylogist (TSE:SYZ) earnings time?
Sylogist (TSE:SYZ) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SYZ EPS forecast?
TSE:SYZ EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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