SYLOGIST Reports Second Quarter 2025 Results

Executive Summary

• Sylogist Ltd. reported financial results for the second quarter of fiscal 2025, ending June 30, 2025, highlighting growth in SaaS metrics and bookings despite a decline in total reported revenue.
• The company declared a quarterly dividend of $0.01 per share, payable on September 10, 2025, to shareholders of record on August 31, 2025.
• Key operational highlights include a 12.5% year-over-year increase in SaaS Annualized Recurring Revenue (ARR) to $31.7 million and a 33% year-over-year increase in bookings to $17.1 million.

Key Details

• Revenue Performance:
  • Total Reported Revenue: $15.7 million (down 6.9% year-over-year).
  • SaaS Subscription Reported Revenue: $7.9 million (up 13.1% year-over-year).
  • Recurring Revenue Reported: $10.9 million (up 4.0% year-over-year).
  • Recurring Revenue constituted 70% of Total Revenue.
• SaaS Metrics:
  • SaaS ARR: $31.7 million (up 12.5% year-over-year).
  • Total ARR: $43.8 million (up 3% year-over-year).
  • SaaS Net Revenue Retention (NRR): 107%.
• Bookings:
  • Total Bookings: $17.1 million (up 33% year-over-year).
  • This represents the second-highest bookings in the company’s history.
• Profitability:
  • Adjusted EBITDA: $2.4 million.
  • Adjusted EBITDA Margin: 15.3%.
  • Gross Profit Margin: 58%.
• Dividend Declaration:
  • Quarterly dividend of $0.01 per share.
  • Payment Date: September 10, 2025.
  • Record Date: August 31, 2025.
• Contextual Note:
  • Growth comparisons have been adjusted to reflect the divestiture of the Managed IT Services division.

Notable Quotes

• “I am very pleased with our Q2 performance,” said Bill Wood, CEO of Sylogist. “In particular, continuing SaaS ARR growth, the 2nd highest Bookings in the Company’s history, strong SaaS NRR and expanding partner involvement – all key indicators of the positive value creation trajectory we’re on.”