Sylogist Q1 Fiscal 2021 Results: Revenue Growth & Strong Profitability Continues, Dividend Declared

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[{"type":"text","content":"\n \n \n \n Sylogist Q1 Fiscal 2021 Results: Revenue Growth & Strong Profitability Continues, Dividend Declared\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n Sylogist Q1 Fiscal 2021 Results: Revenue Growth & Strong Profitability Continues, Dividend Declared\n \n \n Canada NewsWire\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 CALGARY, AB\n \n ,\n \n Feb. 11, 2021\n \n /CNW/ -\n \n Sylogist Ltd.\n \n (TSXV: SYZ)\n \n \n (\"Sylogist\" or the \"Company\"), a provider of enterprise information management solutions, is pleased to announce its unaudited financial results for the first quarter of the 2021 fiscal year, ended\n \n December 31, 2020\n \n .\n \n \n \n \n \n \n \n \n \n \n \n Q1 2021 Summary\n \n \n (\n \n comparisons are to Q1 2020, unless otherwise noted)\n \n \n \n \n Total Revenues were\n \n $9.5 million\n \n , compared to\n \n $8.8 million\n \n in the first quarter of fiscal 2020, an increase of 7%.\n \n \n \n \n Gross Profit of\n \n $7 million\n \n , compared to\n \n $6.8 million\n \n in the same period in the prior year, an increase of 2%.\n \n \n \n \n Gross Profit Margin was 73%, compared to 77% in the first quarter of 2020.\n \n \n \n \n Profit before income tax of\n \n $2.8 million\n \n , compared to a loss before income taxes of\n \n $8.6 million\n \n in the first quarter of 2020. (Q1 '20 period reflected a one-time charge for the buy out of senior executives' historical compensation arrangements).\n \n \n \n \n Adjusted EBITDA\n \n \n (1)\n \n \n of\n \n $4.9 million\n \n , compared to\n \n $5.2 million\n \n in the same period last year.\n \n \n \n \n Adjusted EBITDA Margin\n \n \n (1)\n \n \n of 52%, compared to 59% in the first quarter of 2020.\n \n \n \n \n Adjusted EBITDA per share\n \n \n (1)\n \n \n of\n \n $0.21\n \n per share, compared to\n \n $0.22\n \n per share in the first quarter of fiscal 2020.\n \n \n \n \n Cash generated from operating activities (before non-cash...

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