Business
Sylogist Continues Strong Momentum with Fiscal 2010 Results
Jan. 18, 2011 (Canada NewsWire Group) -- CALGARY, Jan. 18 /CNW/ - Sylogist Ltd. (TSXV:SYZ), a...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n Jan. 18, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Jan. 18 /CNW/ - Sylogist Ltd. (TSXV:SYZ), a leading provider of\n enterprise information management solutions to municipal, education and\n private sector customers, is pleased to release its audited financial\n results for the fiscal year ended September 30, 2010.\n\n\nIn fiscal 2010:\n\n\n\nEBITDA(1) increased to $4.2 million or $0.24 per share, more than double fiscal\n 2009 results.\n\n\n\n\nNet after tax earnings doubled to $3.1 million or $0.18 per share.\n\n\n\n\nGross profit margins improved to 63% up from 56% in fiscal 2009.\n\n\n\n\nRevenues increased to $9.7 million.\n\n\n\n\nCash and cash equivalents as at September 30, 2010 totalled $14 million\n or $0.81 per share.\n\n\n\n\nWorking capital (net of deferred revenue) was $15.4 million or $0.88 per\n share.\n\n\n\n\nTax pools at the end of fiscal 2010 stood at $13 million.\n\n\n\n"Fiscal 2010 was another successful year for Sylogist. EBITDA(1), profit, revenue and margins were markedly better than prior year\n results.  We hold a positive outlook for 2011." stated Jim Wilson,\n Chairman, President and CEO.\n\n\nAbout Sylogist\n\n\nSylogist provides leading financial enterprise information management\n systems, system connectivity solutions and portal applications to\n municipal, education and private sector customers. \n\n\n(1)EBITDA is a non-GAAP financial measure: earnings before stock based\n compensation, interest, inco...