SYLOGIST Reports First Quarter 2025 Results

About this update from Sylogist Ltd.

[{"type":"text","content":"SYLOGIST Reports First Quarter 2025 ResultsRecord Bookings of $23.1M, Strong SaaS ARR Growth at 15%\n\n\n\n\n\n Q1 2025 Highlights\n \n\n\n\n\n 1\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Revenue\n \n\n (in $ millions)\n \n\n\n\n\n\n\n\n SaaS Subscription\n \n\n\n\n Recurring\n \n\n\n\n Total\n \n\n\n\n\n Reported\n \n\n Y/Y growth\n \n\n Reported\n \n\n Y/Y growth\n \n\n Reported\n \n\n Y/Y growth\n \n\n\n\n $7.8\n \n\n 15%\n \n\n $10.9\n \n\n 6%\n \n\n $16.3\n \n\n 3%\n \n\n\n\n\n\n\n\n\n SaaS ARR up 15% Y/Y to $31.4 million;\n \n\n ARR up 6% Y/Y to $44.3 million;\n \n\n Bookings up 153% Y/Y to $23.1 million, including a ~$15 million contract with the Texas OAG\n \n 2\n \n ;\n \n\n Adjusted EBITDA Margin of 16.1% or $2.62 million; and\n \n\n SaaS NRR of 108%.\n \n\n\n\n CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Sylogist Ltd. (TSX: SYZ) (\"Sylogist\" or the \"Company\"), a leading public sector SaaS company, today announced its results for the first quarter fiscal 2025, ended March 31, 2025. All figures are in Canadian dollars, unless otherwise specified.\n \n\n “Our Q1 performance was right on plan as we continue to execute our SaaS-focused, partner-centric value creation strategy,” said Bill Wood, President & CEO of Sylogist. “We achieved record bookings—nearly double our previous high—and saw well-balanced pipeline expansion across our Gov, Mission, and Ed segments. Combining our latest all-customer NPS survey score of 62, the highest we’ve ever achieved, with our 108% SaaS Net Revenue Retention, paints a clear picture: our customers are happy, advocating on our behalf and increasing their investment with us. We’re excited about the ongoing acceleration of our high-margin SaaS revenue and the operating leverage and scalability that lie ahead.”\n \n\n The Company’s Board of Directors declared a quarterly dividend of $0.01 per share to be paid on June 11, 2025, to shareholders of record on May 30, 2025.\n \n\n\n 1\n \n\n Growth comparisons have been adjusted to reflect the divestiture of the Managed IT Services division\n \n\n\n 2\n \n\n\n https://sylogist.com/blog/sylogist-awarded-statewide-contract-to-modernize-texas-victim-notification-services/\n \n\n\n\n\n Conference Call Details\n \n\n The Company will host a conference call at 8:30 AM E...

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