Sylogist Ltd. announced audited financial results for the fourth quarter and fiscal year ended September 30, 2017. Earnings per share increased 13% to CAD 0.09 per share, up from CAD 0.08 per share in fourth quarter of 2016. Gross profit margins improved to 76% of revenue compared to 66% in fourth quarter of 2016. Adjusted EBITDA was CAD 3.2 million, an increase of 21%, or CAD 0.14 per fully diluted share, up 27%. Revenues were CAD 8.0 million, compared to CAD 8.1 million in the fourth quarter last year. Cash generated from operations totaled CAD 1.6 million, up from CAD 343,000 in fourth quarter of 2016. Reported earnings for the fiscal year ended September 30, 2017 was CAD 7.2 million, an increase of 9%. Earnings per share increased 14% to CAD 0.32 per share, up from CAD 0.28. Adjusted EBITDA was CAD 13.4 million or CAD 0.59 per share, compared to CAD 13.6 million or CAD 0.58 per share, up 2% on a per share basis. Adjusted earnings were CAD 12.4 million or CAD 0.55 per share, compared to CAD 12.4 million or CAD 0.53 per share, a per share increase of 4%. Revenues were CAD 32.9 million, compared to CAD 35.8 million. Cash generated from operations totaled CAD 12 million, up 12%.