The earnings call highlighted significant progress in SaaS revenue growth and partner strategy, alongside advancements in the Microsoft partnership. However, these positives were offset by declines in project services revenue and challenges in the Mission segment, leading to a reduced EBITDA margin.
Company Guidance
During the Sylogist Limited Third Quarter 2025 Results Conference Call, the company provided several key metrics and insights into its performance and future outlook. SaaS revenue constituted 73% of recurring revenue, up from 68% in the same period last year, with SaaS Annual Recurring Revenue (ARR) increasing by 15% year-over-year. Partner-driven Annual Recurring Revenue (ARR) bookings accounted for 48% of total ARR bookings. The total contract value (TCV) of bookings for the quarter was $5.9 million, with ARR derived from these bookings at approximately $1 million. The company plans to shift its reporting focus from total contract value to contracted ARR to align with its SaaS-centric strategy. Revenue for Q3 was $13.9 million, with SaaS subscription revenue growing 12% year-over-year. Gross margin remained stable at 60%, and adjusted EBITDA was $3.1 million, representing a 19.3% adjusted EBITDA margin. The company ended the quarter with $14.1 million in cash, and the sales pipeline is expanding and becoming more balanced across its three strategic markets. Sylogist also highlighted its strengthened partnership with Microsoft, transitioning to a managed software development company, which is expected to enhance its SaaS solutions in Microsoft's Azure cloud environment.
Increase in SaaS Revenue
SaaS revenue reached 73% of recurring revenue, up from 68% the previous year. SaaS ARR increased by 15% year-over-year.
Successful Partner Strategy
48% of ARR bookings were partner-driven, with contractual changes to reduce the time between booking and SaaS revenue recognition.
Microsoft Partnership Advancement
Sylogist elevated its partnership status with Microsoft to a managed software development company, increasing visibility and collaboration opportunities.
Financial Health and Cash Flow
The company ended Q3 with $14.1 million in cash and added approximately $10 million in free cash flow this quarter.
Sylogist (TSE:SYZ) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
Nov 06, 2025
C$5.40
C$5.30
-1.85%
Aug 14, 2025
C$9.11
C$8.02
-11.96%
May 15, 2025
C$9.01
C$9.39
+4.22%
Mar 13, 2025
C$8.72
C$8.32
-4.59%
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 Mar 12, 2026, TBA (Confirmed).
What is Sylogist (TSE:SYZ) earnings time?
Sylogist (TSE:SYZ) earnings time is at Mar 12, 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.