Sylogist (TSE:SYZ)
TSX:SYZ
Want to see TSE:SYZ full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.08Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: clear progress on the company’s strategic SaaS transformation with ARR and SaaS ARR growth, improved recurring-revenue mix, product-market fit momentum (notably VSS and Gov/Ed), and cost discipline in go-to-market. However, near-term financials show meaningful headwinds — total revenue and project services revenue declines, a sharp contraction in adjusted EBITDA margin, SaaS NRR deterioration tied to legacy churn, a low cash balance, and one-time shareholder/severance costs. Management frames most legacy churn as largely behind them and expects upcoming renewals and Texas go-live to drive ARR and future revenue, but near-term metrics remain pressured.Company Guidance
SaaS Subscription Revenue Growth
SaaS subscription revenue grew 5% year-over-year; strong segment performance with Gov +34% and Solutions +48%, partially offset by Mission -9%.
Recurring Revenue Mix Improved
Recurring revenue rose to 75% of total revenues from 67% a year ago; SaaS now represents 74% of recurring revenue (up from 71%).
ARR and SaaS ARR Growth
Total ARR was $45.6M (+3% YoY) and SaaS ARR was $33.6M (+7% YoY); on a constant-currency basis ARR +6% and SaaS ARR +10% YoY.
Gross Margin Improvement on Recurring Revenue
Recurring revenue gross margins improved to ~71% from 69% in Q1 2025, indicating higher-quality revenue mix despite blended compression.
Progress on SaaS Transformation and Product-Market Fit
Management reports advancing transition to partner-led SaaS delivery, nearing product-market fit for VSS, Gov ERP and SylogistEd, and improving partner sales/delivery capabilities.
VSS Pipeline and Texas Rollout Traction
VSS pipeline stronger than anticipated with several large deals; Texas implementation at 92% completion (up from ~70%), expected live by end of H1 with immediate ARR pickup and revenue ramp into Q3/Q4.
Cost Discipline in Sales & Marketing
Sales & marketing expenses fell to $1.6M (down $0.5M YoY) with headcount reduced to 22 from 25, reflecting tighter spending while preparing for targeted go-to-market ramp.
Share Repurchase Activity
NCIB repurchases 95,000 shares in Q1 at an average price of $3.84; board prioritized NCIB over dividend at current share price levels.
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
TSE:SYZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | C$3.75 | C$3.30 | -12.00% |
Mar 19, 2026 | C$3.87 | C$3.80 | -1.81% |
Nov 06, 2025 | C$5.38 | C$5.29 | -1.84% |
Aug 14, 2025 | C$9.09 | C$8.00 | -11.93% |
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.
FAQ
When does Sylogist (TSE:SYZ) report earnings?
Sylogist (TSE:SYZ) is schdueled to report earning on Aug 06, 2026, TBA (Confirmed).
What is Sylogist (TSE:SYZ) earnings time?
Sylogist (TSE:SYZ) earnings time is at Aug 06, 2026, TBA (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 2026 (Q2) is -0.04.