Sylogist Ltd. Announces Audited Financial Results for the Fiscal Year Ended September 30, 2016
January 10, 2017 at 08:00 am
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Sylogist Ltd. announced audited financial results for the fiscal year ended September 30, 2016. For the year, revenues were $35.8 million, up 31% (26% organic, 5% currency related). Adjusted EBITDA was $13.6 million, an increase of 53%, or $0.58 per fully diluted share, up 63%. Cash from operating activities (before non-cash changes in working capital) was $12.7 million, up 45%. Adjusted Earnings were $12.4 million ($0.53 per share), a 44% increase and a per share increase of 53%.
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.
SYLOGIST LTD. 
