Sylogist Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 07:58 am EDT
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Sylogist Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 16.65 million compared to CAD 13.73 million a year ago. Net loss was CAD 0.072 million compared to net income of CAD 0.895 million a year ago. Basic loss per share from continuing operations was CAD 0.003 compared to basic earnings per share from continuing operations of CAD 0.04 a year ago. Diluted loss per share from continuing operations was CAD 0.003 compared to diluted earnings per share from continuing operations of CAD 0.04 a year ago.
For the six months, sales was CAD 32.58 million compared to CAD 26.86 million a year ago. Net income was CAD 0.03 million compared to CAD 1.58 million a year ago. Basic earnings per share from continuing operations was CAD 0.001 compared to CAD 0.07 a year ago. Diluted earnings per share from continuing operations was CAD 0.001 compared to CAD 0.07 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.
SYLOGIST LTD. 
