Revenue Performance - Subscription fees for Q3 FY2025 were $14.8 million, a 5% increase from $14.1 million in the same period last year[5]. - Total revenues for Q3 FY2025 decreased 2% to $25.0 million, down from $25.5 million year-over-year, primarily due to a decline in services and maintenance revenue[5]. - Maintenance revenues for Q3 FY2025 decreased 12% to $6.8 million compared to $7.7 million in the same period last year[5]. - Professional services and other revenues for Q3 FY2025 decreased 21% to $2.7 million from $3.4 million year-over-year[5]. - Total revenues for the nine months ended January 31, 2025, were $76.5 million compared to $77.1 million for the same period last year[7]. - Subscription fees increased by 5% to $14,818 million in Q3 2025 from $14,114 million in Q3 2024[17]. - Total revenues decreased by 2% to $25,007 million in Q3 2025 compared to $25,536 million in Q3 2024[17]. Profitability and Loss - GAAP net loss from continuing operations for Q3 FY2025 was ($2.8) million or ($0.08) per fully diluted share, compared to net income of $4.2 million or $0.12 per fully diluted share for the same period last year[8]. - Net loss from continuing operations was $2,758 million in Q3 2025, a significant decline from a profit of $4,152 million in Q3 2024[17]. - Basic loss per share from continuing operations was $(0.08) in Q3 2025, compared to earnings of $0.12 in Q3 2024[17]. - Adjusted net earnings from continuing operations decreased by 26% to $0.14 per share for the third quarter, down from $0.19 per share in the prior year[19]. Operating Expenses - Operating expenses rose by 30% to $20,267 million in Q3 2025 from $15,631 million in Q3 2024[17]. - Operating expenses increased by 65% to $573 million for the nine months ended January 31, 2025, compared to $347 million in the prior year[19]. - Research and development expenses increased by 4% to $4,748 million in Q3 2025 from $4,546 million in Q3 2024[17]. - Research and development expenses increased by 12% to $195 million for the third quarter, compared to $174 million in the same quarter last year[19]. Cash and Investments - The company reported a cash and investments balance of approximately $79.3 million as of Q3 FY2025[10]. - Cash and cash equivalents at the end of the period were $34.359 million, down from $59.512 million at the beginning of the period, indicating a decrease of approximately 42%[20]. - The company reported a net cash used in operating activities of continuing operations of $(13.845) million for the nine months ended January 31, 2025, compared to $7.916 million provided in the prior year[20]. Acquisition and Future Outlook - Logility announced a definitive agreement for Aptean to acquire Logility at $14.30 per share in an all-cash transaction, expected to close in Q2 2025[2]. - Due to the pending acquisition, Logility will not host an earnings conference call or provide a financial outlook for the quarter[3]. Shareholder Returns - The company paid dividends totaling $11.027 million during the nine months ended January 31, 2025, compared to $11.272 million in the prior year[20].
Logility Supply Chain Solutions, Inc.(LGTY) - 2025 Q3 - Quarterly Results