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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 Mephistopheles3on Dec 21, 2022 9:11am
257 Views
Post# 35184234

RE:debt payment and share repurchases

RE:debt payment and share repurchasesThe press release was a bit of a nothing-berger.  I think they believed that the severabce payment of the $1.2 million in the employment agreement of Dave Elder required disclosure. 

Debt payment for me means that they have operating cash flow in Q4 which is a good thing. The comment on the share buybacks is that they have been maxing their NCIB since the Q3-22 statements were released which you can see on the insider trading.  

Also, the insiders have been buying in recently from all over the place which is a bullish side for me.  It's not just the CEO, it's a bunch of officers.

The severance payment is pretty standard for a change in control with old founders.  Dave Elder was getting a massive salary anyways for probably very little - he's the last "old school" guy from the prior ownership before they changed direction.  He was holding the company back.. he can go ahead and enjoy his retirement and let new management take over.
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