Annonce • Jan 23
Alithya Group Inc. to Report Q3, 2026 Results on Feb 13, 2026 Alithya Group Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Annonce • Nov 16
Alithya Group Inc. Reports Impairment Charges for the Three Months Ended September 30, 2025 Alithya Group Inc. reported impairment charges for the three months ended September 30, 2025. For the period, the company reported impairment of goodwill and intangibles of $38,028,000. Annonce • Oct 28
Alithya Group Inc. to Report Q2, 2026 Results on Nov 14, 2025 Alithya Group Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Annonce • Jul 23
Alithya Group Inc. to Report Q1, 2026 Results on Aug 13, 2025 Alithya Group Inc. announced that they will report Q1, 2026 results on Aug 13, 2025 Annonce • Jun 16
Alithya Group Inc., Annual General Meeting, Sep 10, 2025 Alithya Group Inc., Annual General Meeting, Sep 10, 2025. Annonce • Jun 13
Alithya Group Inc. Announces the Appointment of Pierre Blanchette as Chief Financial Officer, Effective July 28, 2025 Alithya Group inc. announced the appointment of Pierre Blanchette as Chief Financial Officer, effective July 28, 2025. Mr. Blanchette will join Alithya on July 28, 2025, and will oversee Alithya's financial operations and contribute his extensive operational, financial, and strategic expertise to support the execution of strategic plan. Pierre is a Chartered Professional Accountant (CPA) with nearly 30 years of experience in finance, including as Senior Vice President and Chief Financial Officer of Colabor Group Inc., a leading Canadian food distribution company, over the last four years. Prior to joining Colabor, Mr. Blanchette worked for Fiera Capital Corporation, an important independent asset management firm, where he held various positions such as Senior Vice President, Global Treasury and Taxation, Chief Financial Officer, US division and Senior Vice president, Finance. Annonce • Jun 02
Alithya Group Inc. (TSX:ALYA) acquired eVerge Group, Inc. for $23.5 million. Alithya Group Inc. (TSX:ALYA) acquired eVerge Group, Inc. for $23.5 million on June 2, 2025. The consideration includes potential earnout of $4.7 million, subject to certain post-closing conditions, all payable in cash. Mr. Neely will continue to support the eVerge business as a consultant to Alithya during a 12-month transition period.
Alithya Group Inc. (TSX:ALYA) completed the acquisition of eVerge Group, Inc on June 2, 2025. Annonce • May 26
Alithya Group Inc. to Report Q4, 2025 Results on Jun 12, 2025 Alithya Group Inc. announced that they will report Q4, 2025 results on Jun 12, 2025 Annonce • Mar 26
Alithya Group Inc. Announces CFO Changes Alithya Group inc. announced that Nicolas Lavoie, Chief Financial Officer, is leaving the Company for personal reasons. Mr. Lavoie will remain with the Company until April 23, 2025, to ensure an orderly transition. The Company has engaged an executive search firm to assist in recruiting a new CFO. Effective immediately, Debbie Di Gregorio has been appointed Interim CFO while the Company conducts its CFO search. Ms. Di Gregorio joined Alithya in October 2018 as Vice President, Finance, and served as Interim CFO from June 28, 2024 to December 8, 2024. Prior to joining the Company, Ms. Di Gregorio held senior finance positions, including Vice President Audit, at Richter, an independent Canadian financial consulting and accounting firm, for almost 25 years. Ms. Di Gregorio is a Chartered Professional Accountant (CPA), holds a Graduate Diploma in Accounting from McGill University, and a Bachelor of Commerce degree from Concordia University. Annonce • Jan 29
Alithya Group Inc. to Report Q3, 2025 Results on Feb 13, 2025 Alithya Group Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Annonce • Dec 02
Alithya Group Inc. (TSX:ALYA) acquired XRM Vision CAD 34.8 million. Alithya Group Inc. (TSX:ALYA) acquired XRM Vision for CAD 34.8 million on December 2, 2024. Consideration consists of (i) a cash consideration of C$8.625 million payable at closing; (ii) a share consideration of CAD 5.75 million, payable by the issuance of 3,449,103 Class A Shares of Alithya at closing; and (iii) a deferred cash consideration of CAD 8.625 million payable over three years on each anniversary date of the closing. The purchase price also includes a potential earnout payment of up to CAD 12 million, contingent upon the future financial performance of the acquired business over a consecutive 12-month period within the 18 months following the closing. Twenty-five percent (25%) of the earn-out will be payable in shares and the balance in cash. The purchase price, including all closing payments, deferred anniversary payments, and the earnout, is capped at CAD 35 million.
Alithya Group Inc. (TSX:ALYA) completed the aquisition of XRM Vision on December 2, 2024. Reported Earnings • Nov 17
Second quarter 2025 earnings released: CA$0.003 loss per share (vs CA$0.096 loss in 2Q 2024) Second quarter 2025 results: CA$0.003 loss per share (improved from CA$0.096 loss in 2Q 2024). Revenue: CA$111.5m (down 5.9% from 2Q 2024). Net loss: CA$270.0k (loss narrowed 97% from 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$1.2m net loss next year). Annonce • Nov 14
Alithya Group Inc. Announces CFO Changes Alithya Group Inc. announced the appointment of Nicolas Lavoie as Chief Financial Officer, effective December 9, 2024. With nearly 30 years of experience with public and private multinational companies operating in the entertainment & technology, media, mining, and manufacturing sectors, Mr. Lavoie will lead the finance function of Alithya as it progresses through the implementation of its fiscal 2025-2027 strategic plan. Mr. Lavoie's extensive background includes a proven track record in structuring and executing strategic acquisitions that drive market positioning and international expansion. His expertise spans a diverse range of transaction types, including acquisitions, debt and equity financing, and strategic partnerships. He also brings strong experience in financial planning & analysis (FP&A), and public reporting. Prior to joining Alithya, Mr. Lavoie was the Chief Financial and Administrative Officer since 2022, and Chief Financial Officer from 2018 to 2022, of Groupe Solotech Inc. In these roles, he led Solotech's finance strategies and operations, as well as mergers and acquisitions, and contributed to several transactions. Prior to joining Solotech, among other positions he previously held, Mr. Lavoie was Senior Vice President, Finance of Gildan Activewear from 2012 to 2018, and Vice President, Corporate Finance and Treasury at Consolidated Thompson Iron Mines from 2010 to 2011. He also held roles of increasing responsibilities within the Yellow Pages Group from 2004 to 2010, including as Vice President, Finance and Treasurer, and Chief Financial Officer of one of its subsidiaries, Trader Corporation, and previously within Quebecor World from 1998 to 2004 in corporate finance and treasury roles. Mr. Lavoie holds a bachelor's degree in Business Administration from Université Laval, and is a Chartered Professional Accountant (CPA) and a Chartered Financial Analyst (CFA). Nicolas brings a wide range of experience in leadership roles focused on strategic transformations, operational excellence and accelerating growth through M&A. Nicolas will be supported by a strong finance team, including Debbie Di Gregorio, Vice President, Finance, who has stepped in as Interim CFO over these past few months. Annonce • Oct 29
Alithya Group Inc. to Report Q2, 2025 Results on Nov 14, 2024 Alithya Group Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Breakeven Date Change • Aug 21
Forecast breakeven date pushed back to 2026 The 6 analysts covering Alithya Group previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 98% to 2025. The company is expected to make a profit of CA$13.2m in 2026. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Reported Earnings • Aug 15
First quarter 2025 earnings released: CA$0.03 loss per share (vs CA$0.076 loss in 1Q 2024) First quarter 2025 results: CA$0.03 loss per share (improved from CA$0.076 loss in 1Q 2024). Revenue: CA$120.9m (down 8.1% from 1Q 2024). Net loss: CA$2.76m (loss narrowed 62% from 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Annonce • Jul 31
Alithya Group Inc. to Report Q1, 2025 Results on Aug 14, 2024 Alithya Group Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 Recent Insider Transactions • Jul 05
Insider recently bought €1.2m worth of stock On the 1st of July, Amar Bukkasagaram bought around 622k shares on-market at roughly €2.00 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Annonce • Jun 24
Alithya Group Inc. Announces Chief Financial Officer Changes Alithya Group Inc. announced the appointment of Debbie Di Gregorio as interim Chief Financial Officer, effective June 28, 2024. Ms. Di Gregorio replaces Claude Thibault, who will be leaving the Company to pursue other endeavors. Mr. Thibault has held the role of CFO for over five years and has guided Alithya through its move to public markets and several transformative acquisitions. He will continue to support Alithya to ensure an effective transition. Debbie Di Gregorio joined Alithya in October 2018 as Vice President, Finance, and brought a wealth of experience to the role. Prior to joining Alithya, she held senior finance positions, including Vice President, Audit, at Richter, an independent Canadian's financial consulting and accounting firm, for almost 25 years. Ms. Di Gregorio is a Chartered Professional Accountant (CPA), and she holds a Graduate Diploma in Accounting from McGill University and a Bachelor of Commerce degree from Concordia University. Annonce • Jun 15
Alithya Group Inc., Annual General Meeting, Sep 10, 2024 Alithya Group Inc., Annual General Meeting, Sep 10, 2024. Reported Earnings • Jun 14
Full year 2024 earnings released: CA$0.17 loss per share (vs CA$0.32 loss in FY 2023) Full year 2024 results: CA$0.17 loss per share (improved from CA$0.32 loss in FY 2023). Revenue: CA$491.1m (down 6.0% from FY 2023). Net loss: CA$16.7m (loss narrowed 45% from FY 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Breakeven Date Change • Jun 14
Forecast breakeven date moved forward to 2025 The 5 analysts covering Alithya Group previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of CA$1.88m in 2025. Earnings growth of 103% is required to achieve expected profit on schedule. Annonce • May 29
Alithya Group Inc. to Report Q4, 2024 Results on Jun 13, 2024 Alithya Group Inc. announced that they will report Q4, 2024 results on Jun 13, 2024 Annonce • Mar 21
Alithya Group Inc. Appoints Ines Gbegan to Its Board of Directors The Board of Directors of Alithya Group Inc. announced the appointment of Ines Gbegan as an independent director, increasing the total number of directors serving on Alithya's board to nine. Ines Gbegan has accumulated more than 15 years of Chartered Accountant experience in audits, corporate accounting, and financial reporting. As Vice President of Finance with Biron Health Group, she leads a team of professionals managing activities related to accounting, finance, payroll, treasury management, finance shared services, and finance transformation. In her current role, she also supervises the supply chain and the facilities management and development functions. Ms. Gbegan also plays an active role in the company's strategic planning process, comprising, among other things, acquisitions, due diligence, and post-acquisition implementation. She previously served in senior accounting roles with Transdev Canada, Enerkem, CGI, and PwC. For more than five years, Ms. Gbegan has also been teaching accounting at HEC Montréal, an internationally renowned business school from which she previously graduated with a Bachelor of Business Administration (B.B.A.) in Accounting and Finance, a Specialized Graduate Diploma in Public Accounting, and a Master's Degree in Professional Accounting. Reported Earnings • Feb 16
Third quarter 2024 earnings released: CA$0.03 loss per share (vs CA$0.058 loss in 3Q 2023) Third quarter 2024 results: CA$0.03 loss per share (improved from CA$0.058 loss in 3Q 2023). Revenue: CA$120.5m (down 7.9% from 3Q 2023). Net loss: CA$2.54m (loss narrowed 54% from 3Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Annonce • Feb 10
Alithya Group Inc.(OTCPK:ALYA.F) dropped from NASDAQ Composite Index Alithya Group Inc. has been dropped from NASDAQ Composite Index . Annonce • Feb 01
Alithya Group Inc. to Report Q3, 2024 Results on Feb 14, 2024 Alithya Group Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Dec 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.3m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€92.3m market cap, or US$99.2m). Breakeven Date Change • Nov 18
Forecast breakeven date pushed back to 2026 The 5 analysts covering Alithya Group previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 77% per year to 2025. The company is expected to make a profit of CA$3.89m in 2026. Average annual earnings growth of 121% is required to achieve expected profit on schedule. New Risk • Nov 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$42m Forecast net loss in 2 years: CA$3.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$3.0m net loss in 2 years). Share price has been volatile over the past 3 months (6.4% average weekly change). Significant insider selling over the past 3 months (€78k sold). Reported Earnings • Nov 15
Second quarter 2024 earnings released: CA$0.10 loss per share (vs CA$0.005 loss in 2Q 2023) Second quarter 2024 results: CA$0.10 loss per share (further deteriorated from CA$0.005 loss in 2Q 2023). Revenue: CA$118.5m (down 8.1% from 2Q 2023). Net loss: CA$9.18m (loss widened CA$8.74m from 2Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Annonce • Nov 01
Alithya Group Inc. to Report Q2, 2024 Results on Nov 14, 2023 Alithya Group Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Significant insider selling over the past 3 months (€95k sold). New Risk • Oct 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €95k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Board Change • Sep 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Andre Brosseau was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 31
Independent Director recently sold €78k worth of stock On the 28th of August, Ghyslain Rivard sold around 50k shares on-market at roughly €1.57 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.4m more than they sold in the last 12 months. Reported Earnings • Aug 11
First quarter 2024 earnings released: CA$0.08 loss per share (vs CA$0.045 loss in 1Q 2023) First quarter 2024 results: CA$0.08 loss per share (further deteriorated from CA$0.045 loss in 1Q 2023). Revenue: CA$131.6m (up 3.8% from 1Q 2023). Net loss: CA$7.25m (loss widened 74% from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Annonce • Jul 29
Alithya Group Inc. to Report Q1, 2024 Results on Aug 10, 2023 Alithya Group Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Recent Insider Transactions • Jul 06
Insider recently bought €1.2m worth of stock On the 1st of July, Amar Bukkasagaram bought around 622k shares on-market at roughly €1.96 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months. Annonce • Jun 09
Alithya Group Inc., Annual General Meeting, Sep 13, 2023 Alithya Group Inc., Annual General Meeting, Sep 13, 2023. New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Jun 08
Full year 2023 earnings released: CA$0.32 loss per share (vs CA$0.18 loss in FY 2022) Full year 2023 results: CA$0.32 loss per share (further deteriorated from CA$0.18 loss in FY 2022). Revenue: CA$522.7m (up 19% from FY 2022). Net loss: CA$30.1m (loss widened 94% from FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the IT industry in Germany. Breakeven Date Change • Jun 01
Forecast breakeven date pushed back to 2025 The 8 analysts covering Alithya Group previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 85% per year to 2024. The company is expected to make a profit of CA$3.34m in 2025. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Annonce • May 26
Alithya Group Inc. to Report Q4, 2023 Results on Jun 08, 2023 Alithya Group Inc. announced that they will report Q4, 2023 results on Jun 08, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CA$130.8m (up 19% from 3Q 2022). Net loss: CA$5.51m (loss widened 58% from 3Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the IT industry in Germany. Breakeven Date Change • Feb 14
Forecast breakeven date pushed back to 2025 The 8 analysts covering Alithya Group previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 73% per year to 2024. The company is expected to make a profit of CA$8.45m in 2025. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Annonce • Jan 31
Alithya Group Inc. to Report Q3, 2023 Results on Feb 14, 2023 Alithya Group Inc. announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2023 Annonce • Jan 13
Alithya Group Inc. Announces Executive Changes Alithya Group Inc. announced the appointment of Bernard Dockrill as Chief Operating Officer, effective January 30, 2023. Claude Rousseau, Alithya's current Chief Operating Officer, will be leaving the organization at the end of the current fiscal year on March 31, 2023. With three decades of senior leadership experience in operations working on digital transformation, managed services, systems integration, and consulting, Mr. Dockrill has worked in multiple industry sectors including financial services, insurance, healthcare, manufacturing, retail and distribution throughout the United States. Mr. Dockrill has collaborated at the executive level as a trusted advisor, supporting organizations in achieving their business objectives. He is also actively involved in his community and currently serves on the board of directors of Junior achievement of Greater Boston. Mr. Dockrill holds a Bachelor of Science in Mechanical Engineering (Honours) from Queen's University in Kingston, Ontario, and currently lives with his family in New Hampshire, United States. Reported Earnings • Nov 16
Second quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.033 loss in 2Q 2022) Second quarter 2023 results: CA$0.005 loss per share (improved from CA$0.033 loss in 2Q 2022). Revenue: CA$128.9m (up 23% from 2Q 2022). Net loss: CA$435.0k (loss narrowed 84% from 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Recent Insider Transactions • Sep 04
President recently bought €61k worth of stock On the 31st of August, Paul Raymond bought around 29k shares on-market at roughly €2.12 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Paul has been a net seller over the last 12 months, reducing personal holdings by €280k. Reported Earnings • Aug 12
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$126.8m (up 23% from 1Q 2022). Net loss: CA$4.49m (loss widened 121% from 1Q 2022). Over the next year, revenue is forecast to grow 14%, compared to a 16% growth forecast for the industry in Germany. Breakeven Date Change • Jun 18
Forecast breakeven date pushed back to 2024 The 4 analysts covering Alithya Group previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of CA$10.7m in 2024. Average annual earnings growth of 150% is required to achieve expected profit on schedule. Reported Earnings • Jun 18
Full year 2022 earnings released Full year 2022 results: Revenue: CA$437.9m (up 52% from FY 2021). Net loss: CA$15.5m (loss narrowed 10% from FY 2021). Over the next year, revenue is forecast to grow 18%, compared to a 17% growth forecast for the industry in Germany. Recent Insider Transactions • Apr 02
President recently sold €158k worth of stock On the 30th of March, Paul Raymond sold around 68k shares on-market at roughly €2.34 per share. This was the largest sale by an insider in the last 3 months. Paul has been a seller over the last 12 months, reducing personal holdings by €331k. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: CA$109.7m (up 55% from 3Q 2021). Net loss: CA$3.49m (loss narrowed 27% from 3Q 2021). Revenue exceeded analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 20%, compared to a 18% growth forecast for the industry in Germany. Board Change • Dec 31
High number of new directors Director Pierre Peladeau was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 12
Second quarter 2022 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: CA$105.3m (up 54% from 2Q 2021). Net loss: CA$2.78m (loss narrowed 49% from 2Q 2021). Board Change • Nov 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Pierre Peladeau was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Pierre Peladeau was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The 6 analysts covering Alithya Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$5.77m in 2023. Average annual earnings growth of 135% is required to achieve expected profit on schedule. Executive Departure • Sep 19
Independent Director Fredrick DiSanto has left the company On the 16th of September, Fredrick DiSanto's tenure as Independent Director ended after 2.9 years in the role. As of June 2021, Fredrick still personally held 1.79m shares (€4.0m worth at the time). Fredrick is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.67 years. Reported Earnings • Aug 14
First quarter 2022 earnings released: CA$0.024 loss per share (vs CA$0.078 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: CA$102.9m (up 46% from 1Q 2021). Net loss: CA$2.03m (loss narrowed 55% from 1Q 2021). Annonce • Jul 24
Alithya Unveil Its Higher Education Practice Alithya unveil its Higher Education practice, aimed at accompanying universities in the digital transformation of their unique organizational processes. Launched in 2021, Alithya's Higher Education practice has gained steady momentum in a very receptive sector. To date, five top-tier Canadian institutions have initiated projects with Alithya. With nearly 100 public and private universities and colleges in Canada, and more than 5,000 higher education institutions in the United States, the potential market for Alithya's Higher Education practice is significant. Alithya's specialized team continues to grow as it targets expansion into those markets. Personalized experiences: An incentive for the digital transition of universities: As Millennials continue to push the boundaries of connectivity and lifestyle preferences, higher education institutions must address the digital demands of their clientele, who seek more modernized and simplified user experiences to help facilitate and democratize their access to information. Traditional administrative processes have relied upon volumes of printed information stored in filing cabinets, resulting in much of that information being overlooked due to a lack of virtual access. Accordingly, these institutions face increased pressure to develop business models that address those demands. Successful architecture: Alithya's visionary Higher Education practice has stepped into that void to provide institutions with tailored digital transformation plans that will enable them to provide digital access to a wide variety of services, while tapping into stored information in order to gain valuable insight and analysis into the ambitions, expectations, and evolving demands of their students. Once an institution's needs and goals are clearly assessed, Alithya experts tailor specific solutions to address those needs by harnessing the power of Student/Institutional CRM, cloud-based Student Information Systems (SIS), Cloud ERP, and more. Capitalizing on years of experience in integrating the core architectural elements of organizations, and in aligning those elements with their business objectives and end-user needs, Alithya's Higher Education practice injects value-added expertise into projects to assist institutions in overcoming the unique challenges of their digital transformations. Quote by Damien Dumas, Higher Education Digital Transformation Specialist, Alithya Alithya's Higher Education practice is being led by Damien Dumas, an industry veteran with more than 35 years of IT management experience. Annonce • Jun 15
Alithya Develops New Bénéclic Application to Bring Volunteers and Sick Children Closer Together Alithya Group Inc. announce the launch of BnClic, a new mobile application that improves accessibility and connection between volunteers and sick children at Centre hospitalier universitaire (CHU) Sainte-Justine, one of the four most important pediatric centres in North America. Reported Earnings • Jun 12
Full year 2021 earnings released: CA$0.30 loss per share (vs CA$0.70 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: CA$287.6m (up 3.1% from FY 2020). Net loss: CA$17.3m (loss narrowed 56% from FY 2020). Recent Insider Transactions • Apr 02
Independent Director recently bought €75k worth of stock On the 29th of March, James Renacci bought around 35k shares on-market at roughly €2.16 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €289k more in shares than they have sold in the last 12 months. Annonce • Mar 04
Alithya Group inc. Launches New Software Solution for Oracle Fusion Cloud to Automate Testing of Quarterly Updates Alithya Group inc. continues to showcase innovation by expanding the reach of its Quality Assurance Practice with a new proprietary software solution to automate and certify test plans for Oracle Fusion Cloud modules. With release of Alithya Test Management & Automation software solution for Oracle, organizations owning Oracle Fusion Cloud modules can now run and execute quarterly update testing automatically with just a few simple clicks. Additionally, clients don't need to install the platform, which is available in the cloud, and no configuration is required. Alithya's newest automation software solution has over 600 certified test scenarios for Oracle Fusion Cloud essential features, with test plan strategies already integrated into the platform and results available at all times. Annonce • Feb 25
Alithya Brings Millers Mutual Live with Microsoft Dynamics 365 Sales Alithya Group inc has successfully implemented Microsoft Dynamics 365 Sales for Millers Mutual Insurance. With the implementation of Microsoft Dynamics 365 Sales, Millers Mutual has shortened its licensing process for a 10-person agency from 3 ½ hours to 1 hour; gained integrated access to information about agents who should no longer be appointed, eliminating unnecessary state licensing and appointment fees; improved the efficiency of managing its agency channel (4,000+ agents); and gained 20% efficiency in its onboarding process.