Stock Analysis
Sylogist Second Quarter 2024 Earnings: EPS Misses Expectations
Sylogist (TSE:SYZ) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$17.4m (up 4.5% from 2Q 2023).
- Net loss: CA$332.0k (loss widened by 361% from 2Q 2023).
- CA$0.014 loss per share (further deteriorated from CA$0.003 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sylogist EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are up 9.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Sylogist (1 is significant!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:SYZ
Sylogist
A software company, provides mission-critical software-as-a-service solutions in Canada, the United States, and the United Kingdom.