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Sylogist Ltd T.SYZ

Alternate Symbol(s):  SYZLF

Sylogist Ltd. is a Canada-based company, which provides software-as-a-service (SaaS) solutions. The Company provides enterprise resource planning (ERP), constituent relationship management (CRM), fundraising, education administration and payments solutions. It operates through three verticals: SylogistMission, SylogistEd, and SylogistGov. It refers its software solutions and related services for customers outside these three verticals as SylogistServices. SylogistGov offers three cloud-based solutions, such as SylogistGov ERP, tailored for local government needs; SAVIN, an advanced victim notification system, and Grants Manager, streamlining award and grant management processes. The SylogistMission caters nonprofits, non-governmental organization (NGOs), and faith-based organizations. SylogistEd offers enterprise resource planning (ERP) and student information systems. The Company offers Time Clock Now, a comprehensive SaaS solution for streamlining time tracking and scheduling.


TSX:SYZ - Post by User

Comment by u8fishon May 13, 2021 11:26am
191 Views
Post# 33191716

RE:RE:RE:RE:RE:RE:RE:RE:This doesn't add up!!!

RE:RE:RE:RE:RE:RE:RE:RE:This doesn't add up!!!During the three-month period ended March 31, 2021, Sylogist delivered Adjusted EBITDA of $4.4 million, or 50% of total revenues of approximately $8.9 million. Revenue decreased 6% compared to the same period in the last fiscal year. This decrease was due mainly to unfavorable movements in the USD/CAD exchange rate and to an unfavorable comparison to the same period of last fiscal year due to a large professional services project. The successful completion of a large multi-year implementation project in April 2020, the postponement of new bookings revenue and professional services projects that typically would have offset the successful completion of that large multi-year project, delayed extension of existing professional services contracts, and delayed new professional services contracts. The Company’s bookings and professional services project delays were primarily due to the material impact of COVID-19 on the public sector markets Sylogist serves in the second quarter 2021 as compared to the second quarter 2020, when the financial effects of COVID-19 on public sector organizations had not yet materially occurred.
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