Sylogist Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 03:08 pm
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Sylogist Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 16.77 million compared to CAD 14.23 million a year ago. Net income was CAD 0.845 million compared to CAD 1.46 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.06 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.06 a year ago.
For the nine months, sales was CAD 49.34 million compared to CAD 41.1 million a year ago. Net income was CAD 0.876 million compared to CAD 3.04 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.13 a year ago.
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.