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Sylogist Fiscal 2020 and Q4 Results: Record Adjusted EBITDA on Revenue Growth
Sylogist Fiscal 2020 and Q4 Results: Record Adjusted EBITDA on Revenue Growth ...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n \n \n \n Sylogist Fiscal 2020 and Q4 Results: Record Adjusted EBITDA on Revenue Growth\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 17, 2020\n \n /CNW/\n \n - Sylogist Ltd.\n \n (TSXV:SYZ)\n \n \n (\"Sylogist\" or the \"Company\"), a provider of mission-critical, SaaS enterprise information management solutions to public sector organizations, is pleased to announce its audited financial results for the fiscal year ended\n \n September 30, 2020\n \n .\n \n \n \n \n Fiscal 2020 Highlights\n \n \n (\n \n Comparisons are to fiscal 2019 unless otherwise noted)\n \n \n \n \n Revenues were\n \n $38.1 million\n \n , up from\n \n $37.6 million\n \n .\n \n \n \n \n Gross profit margins were 74% of revenue, compared to 76%.\n \n \n \n \n Reported earnings were\n \n $1.9 million\n \n (\n \n $0.08\n \n per share) compared to\n \n $10 million\n \n (\n \n $0.44\n \n per share). Fiscal 2020 earnings were lower due mainly to the restructuring of the senior executive's historic compensation arrangements.\n \n \n \n \n Adjusted EBITDA(1) was\n \n $20.4 million\n \n (\n \n $0.86\n \n per share), compared to\n \n $17.6 million\n \n (\n \n $0.78\n \n per share), an increase of 18%.\n \n \n \n \n Adjusted EBITDA Margin\n \n (1)\n \n was 54%, compared to 47%.\n \n \n \n \n Cash from operating activities (before non-cash changes in working capital) was\n \n $4.1 million\n \n (\n \n $0.17\n \n per share), compared to\n \n $13.2 million\n \n (\n \n $0.58\n \n per share).\n \n \n \n \n Cash as at\n \n September 30, 2020\n \n totaled\n \n $42.8 million\n \n or\n \n $1.80\n \n per share.\n \n \n \n \n Combined tax pools at the end of the fiscal year 2020 were approximately\n \n $13 million\n \n (CAD).\n \n \n \n \n The Company paid regular dividends to shareholders totaling\n \n $10.3 million\n \n in fiscal 2020, compared to\n \n $8.7 million...