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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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

Daily Earnings Calendar >

TSE:SYZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2018	2018 (Q3)	- / 0.14	0.1	40.00% (+0.04)	―	―
Feb 11, 2019	2019 (Q1)	- / -	0.13	―	―	―
Feb 11, 2019	2018 (Q4)	- / 0.12	0.13	-7.69% (-0.01)	―	―
May 14, 2019	2019 (Q2)	- / 0.11	0.11	0.00% (0.00)	―	―
Aug 13, 2019	2019 (Q3)	- / 0.12	0.14	-14.29% (-0.02)	―	―
Feb 13, 2020	2020 (Q1)	- / -	0.12	―	―	―
Feb 13, 2020	2019 (Q4)	- / 0.27	0.12	125.00% (+0.15)	―	―
Apr 29, 2020	2020 (Q2)	- / 0.12	0.11	9.09% (<+0.01)	―	―
Jul 30, 2020	2020 (Q3)	- / 0.13	0.12	8.33% (+0.01)	―	―
Dec 17, 2020	2020 (Q4)	- / 0.10	0.1	0.00% (0.00)	―	―

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 Ltd (TSE:SYZ) report earnings?

Sylogist Ltd (TSE:SYZ) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.

What is Sylogist Ltd (TSE:SYZ) earnings time?

Sylogist Ltd (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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