Sylogist Announces Third Quarter 2026 Results

(TSX:SYZ) Sylogist Ltd. announced its financial results for the three and nine months ended September 30, 2026. Joel Leetzow, Chief Executive Officer of Sylogist, stated that the company is beginning to see the impacts of its focus on spending discipline and go-to-market execution, with encouraging growth in SaaS products through both direct customer engagement and partner-originated bookings. The company continues to experience headwind churn from legacy products, which is expected to impact top-line results until resolved. On November 9, 2026, Sylogist executed an amendment to its existing credit facility agreement, extending the maturity date of the revolving credit facility from September 30, 2027, to September 30, 2028. The company will host a conference call at 8:30 AM Eastern Time on November 12, 2026, to review its Fiscal 2026 third quarter financial results and business performance. For the three months ended September 30, 2026, Sylogist reported a net loss of $1,777 thousand, income tax expense of $86 thousand, interest expense of $349 thousand, amortization and depreciation of $2,844 thousand, equity based compensation of $60 thousand, foreign exchange gain of $3 thousand, and restructuring costs of $43 thousand. Adjusted EBITDA for the quarter was $1,602 thousand, with revenue of $14,950 thousand and an adjusted EBITDA margin of 10.7%. For the nine months ended September 30, 2026, the company reported a net loss of $8,430 thousand, income tax recovery of $678 thousand, interest expense of $898 thousand, amortization and depreciation of $8,735 thousand, equity based compensation of $23 thousand, foreign exchange loss of $37 thousand, restructuring costs of $282 thousand, shareholder engagement costs of $1,945 thousand, and executive separation costs of $1,540 thousand. Adjusted EBITDA for the nine months was $4,352 thousand, with revenue of $44,343 thousand and an adjusted EBITDA margin of 9.8%. Comparative figures for the three months ended September 30, 2025, include a net loss of $887 thousand, income tax expense of $853 thousand, interest expense of $296 thousand, amortization and depreciation of $2,552 thousand, equity based compensation of $22 thousand, foreign exchange gain of $12 thousand, and restructuring costs of $234 thousand. Adjusted EBITDA for the prior year quarter was $3,058 thousand, with revenue of $15,874 thousand and an adjusted EBITDA margin of 19.3%. For the nine months ended September 30, 2025, the company reported a net loss of $3,749 thousand, income tax expense of $1,689 thousand, interest expense of $911 thousand, amortization and depreciation of $7,716 thousand, equity based compensation of $1,204 thousand, foreign exchange gain of $21 thousand, and restructuring costs of $284 thousand. Adjusted EBITDA for the prior year nine months was $8,076 thousand, with revenue of $47,860 thousand and an adjusted EBITDA margin of 16.9%.

Sylogist Announces Second Quarter 2026 Results

(TSX:SYZ) Sylogist Ltd. announced its financial results for the three and six-months ended June 30, 2026, reporting total revenue of $14.7 million, a year-over-year decrease of 6.5%. SaaS subscription revenue was $8.3 million, up 5.4% year-over-year, and recurring revenue was $11.2 million, up 2.2% year-over-year. SaaS ARR increased 6% year-over-year to $33.5 million, and total ARR increased 3% year-over-year to $45.0 million. The company reported a gross profit margin of 57% and recurring revenue at 76% of total revenue. Net loss for the period was $2.8 million, and adjusted EBITDA margin was 10.8% or $1.6 million.