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Sylogist (TSE:SYZ)
TSX:SYZ
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -7.42%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong transition to an ARR-driven model with significant growth in bookings and successful expansion of the partner network. Despite a slight decline in overall revenue and gross margins, the company has improved customer satisfaction and retained high SaaS ARR growth. The strategic investments and shift to a partner-led model are expected to enhance future profitability.Company Guidance
During the Sylogist Limited Fourth Quarter and Full Year 2024 Results Conference Call, the company emphasized its transition to an ARR-driven enterprise, with recurring revenue now constituting 72% of total revenue. The quarter saw a significant 63% year-over-year growth in bookings, with nearly 40% from the SylogistEd sector. Partner-attached bookings rose to 32% of total bookings, up from 12% the previous year, demonstrating the success of the partner strategy, particularly in the SylogistMission and SylogistGov segments. SaaS ARR grew by 17% to $31 million, and SaaS NRR improved to 108%. However, gross margins declined to 59% for the quarter, attributed to the transitional costs of supporting a partner-led delivery model. Full-year revenue was $64.5 million, up 2% year-over-year, with SaaS subscription revenue growing by 15%. The company maintained its guidance for 20% to 25% SaaS ARR growth in 2025, despite potential challenges in the NGO space due to federal budget cuts.Strong Transition to ARR-Driven Model
Recurring revenue reached 72% of total revenue, with significant growth in bookings and a strong net revenue retention rate of 108%. SaaS ARR increased by 17% year-over-year to $31 million.
Significant Growth in Bookings
Bookings grew by 63% year-over-year, driven by new logo wins and successful upsells and cross-sells, with 40% of bookings from the SylogistEd sector.
Partner Network Expansion
Partner-attached bookings represented 32% of total bookings, up from 12% in Q4 2023, with 60% of bookings in the SylogistMission and SylogistGov sectors being partner-attached.
Improved Customer Satisfaction
Net Promoter Score increased by more than 20% year-over-year to 62, reflecting strong customer trust and advocacy.
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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 |
|---|---|---|---|
| Mar 13, 2025 | C$8.76 | C$8.36 | -4.57% |
| Nov 07, 2024 | C$11.23 | C$10.87 | -3.21% |
| Aug 08, 2024 | C$10.40 | C$11.37 | +9.33% |
| May 09, 2024 | C$8.92 | C$8.84 | -0.90% |
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 May 08, 2025, TBA Not Confirmed.
What is Sylogist (TSE:SYZ) earnings time?
Sylogist (TSE:SYZ) earnings time is at May 08, 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 2025 (Q1) is 0.02.
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