SYLOGIST Reports Second Quarter 2025 Results

Core Insights - Sylogist Ltd. reported strong performance in Q2 2025, highlighting significant growth in SaaS Annual Recurring Revenue (ARR) and record bookings [2][3][8] Financial Performance - SaaS Subscription Revenue reached $7.9 million, reflecting a year-over-year growth of 13.1% [1] - Total Revenue reported was $15.7 million, showing a decline of 6.9% year-over-year [1] - SaaS ARR increased by 12.5% year-over-year to $31.7 million, while Total ARR grew by 3% year-over-year to $43.8 million [8] - Bookings surged by 33% year-over-year to $17.1 million, marking the two highest bookings in the company's history [3][8] - The company achieved a SaaS Net Revenue Retention (NRR) of 107% [8] - Adjusted EBITDA margin was reported at 15.3%, equating to $2.4 million, with a gross profit margin of 58% [8] Strategic Initiatives - The company is focused on product innovation, AI integration, partner-led delivery in target markets, customer success, and operational excellence as part of its strategic growth initiatives [3] - The Board of Directors declared a quarterly dividend of $0.01 per share, to be paid on September 10, 2025 [4] Company Overview - Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers globally, including government, non-profit, and education sectors [6]