New Risk • Feb 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.6m (US$98.9m) 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 Significant insider selling over the past 3 months (CA$4.0m sold). Market cap is less than US$100m (CA$135.6m market cap, or US$98.9m). Recent Insider Transactions • Feb 20
Senior Vice President of Data Solutions recently sold CA$4.0m worth of stock On the 18th of February, Amar Bukkasagaram sold around 2m shares on-market at roughly CA$1.60 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$5.7m more than they bought in the last 12 months. Reported Earnings • Feb 16
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: CA$0.01 (up from CA$0.039 loss in 3Q 2025). Revenue: CA$115.2m (flat on 3Q 2025). Net income: CA$676.0k (up CA$4.39m from 3Q 2025). Profit margin: 0.6% (up from net loss in 3Q 2025). Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in North America. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 15
Price target decreased by 21% to CA$2.64 Down from CA$3.34, the current price target is an average from 6 analysts. New target price is 86% above last closing price of CA$1.42. Stock is down 25% over the past year. The company is forecast to post a net loss per share of CA$0.13 compared to earnings per share of CA$0.013 last year. Duyuru • 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 New Risk • Nov 21
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$26m Forecast net loss in 1 year: CA$312k 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. This is currently the only risk that has been identified for the company. Duyuru • 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. Reported Earnings • Nov 16
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: CA$0.32 loss per share (further deteriorated from CA$0.003 loss in 2Q 2025). Revenue: CA$124.3m (up 12% from 2Q 2025). Net loss: CA$31.0m (loss widened CA$30.7m from 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the IT industry in North America. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • 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 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CA$2.15, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the IT industry in North America. Total loss to shareholders of 14% over the past three years. Board Change • Oct 01
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. 3 experienced directors. 4 highly experienced directors. Independent Director Ines Gbegan was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 28
President recently bought CA$341k worth of stock On the 25th of September, Paul Raymond bought around 200k shares on-market at roughly CA$1.70 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$1.7m. Paul has been a buyer over the last 12 months, purchasing a net total of CA$419k worth in shares. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$1.89, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the IT industry in North America. Total loss to shareholders of 35% over the past three years. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: CA$0.002 (vs CA$0.029 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0.002 (up from CA$0.029 loss in 1Q 2025). Revenue: CA$124.2m (up 2.7% from 1Q 2025). Net income: CA$185.0k (up CA$2.95m from 1Q 2025). Profit margin: 0.1% (up from net loss in 1Q 2025). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in North America. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • 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 Recent Insider Transactions Derivative • Jun 27
Chief Operating Officer exercised options to buy CA$192k worth of stock. On the 23rd of June, Bernard Dockrill exercised options to buy 78k shares at a strike price of around CA$2.40, costing a total of CA$188k. This transaction amounted to 78% of their direct individual holding at the time of the trade. Since December 2024, Bernard has owned 100.79k shares directly. Company insiders have collectively sold CA$983k more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Jun 16
Alithya Group Inc., Annual General Meeting, Sep 10, 2025 Alithya Group Inc., Annual General Meeting, Sep 10, 2025. New Risk • Jun 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Large one-off items impacting financial results. Duyuru • 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. Duyuru • 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. Duyuru • 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 Price Target Changed • Apr 29
Price target decreased by 7.5% to CA$2.65 Down from CA$2.86, the current price target is an average from 7 analysts. New target price is 54% above last closing price of CA$1.72. Stock is down 18% over the past year. The company is forecast to post a net loss per share of CA$0.05 next year compared to a net loss per share of CA$0.17 last year. Duyuru • 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. Breakeven Date Change • Feb 13
Forecast breakeven date moved forward to 2026 The 6 analysts covering Alithya Group previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 88% to 2025. The company is expected to make a profit of CA$6.54m in 2026. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Duyuru • 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 New Risk • Jan 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 112% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 112% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$7.4m net loss next year). New Risk • Dec 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Significant insider selling over the past 3 months (CA$86k sold). Major Estimate Revision • Dec 04
Consensus EPS estimates upgraded to CA$0.02 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -CA$0.035 to -CA$0.02 per share. Revenue forecast steady at CA$462.9m. IT industry in Canada expected to see average net income growth of 16% next year. Consensus price target of CA$2.83 unchanged from last update. Share price was steady at CA$1.66 over the past week. Duyuru • 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. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 100% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$491.8m to CA$461.2m. Losses expected to increase from CA$0.017 per share to CA$0.035. IT industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$3.07 to CA$2.83. Share price fell 4.0% to CA$1.69 over the past week. 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 9.5% growth forecast for the IT industry in North America. 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 15
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). Breakeven Date Change • Nov 15
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 the company will make a profit of CA$6.90m in 2026. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Duyuru • 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. Duyuru • 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 20
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: EPS and revenues miss analyst expectations 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 missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in North America. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Duyuru • 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 04
Insider recently bought CA$1.8m worth of stock On the 1st of July, Amar Bukkasagaram bought around 622k shares on-market at roughly CA$2.94 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 CA$1.7m more in shares than they have sold in the last 12 months. Duyuru • 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. Recent Insider Transactions Derivative • Jun 24
Chief Operating Officer exercised options to buy CA$134k worth of stock. On the 19th of June, Bernard Dockrill exercised options to buy 64k shares at a strike price of around CA$2.14, costing a total of CA$137k. This transaction amounted to 481% of their direct individual holding at the time of the trade. Since December 2023, Bernard has owned 13.26k shares directly. Company insiders have collectively bought CA$1.8m more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Jun 15
Alithya Group Inc., Annual General Meeting, Sep 10, 2024 Alithya Group Inc., Annual General Meeting, Sep 10, 2024. Price Target Changed • Jun 14
Price target increased by 7.8% to CA$3.07 Up from CA$2.85, the current price target is an average from 7 analysts. New target price is 39% above last closing price of CA$2.21. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of CA$0.015 next year compared to a net loss per share of CA$0.17 last 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. Duyuru • 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 Duyuru • 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: EPS exceeds analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 43%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the IT industry in Canada. 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 17% per year, which means it is significantly lagging earnings. New Risk • Feb 15
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. This is currently the only risk that has been identified for the company. Duyuru • Feb 10
Alithya Group Inc.(OTCPK:ALYA.F) dropped from NASDAQ Composite Index Alithya Group Inc. has been dropped from NASDAQ Composite Index . Duyuru • 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: CA$134.9m (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. This is currently the only risk that has been identified for the company. 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). Significant insider selling over the past 3 months (CA$115k sold). Price Target Changed • Nov 16
Price target decreased by 16% to CA$2.83 Down from CA$3.36, the current price target is an average from 6 analysts. New target price is 71% above last closing price of CA$1.65. Stock is down 33% over the past year. The company is forecast to post a net loss per share of CA$0.13 next year compared to a net loss per share of CA$0.32 last year. Duyuru • 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 Breakeven Date Change • Oct 29
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 the company will make a profit of CA$9.75m in 2026. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Price Target Changed • Oct 10
Price target decreased by 7.3% to CA$3.38 Down from CA$3.65, the current price target is an average from 6 analysts. New target price is 52% above last closing price of CA$2.23. Stock is down 9.3% over the past year. The company is forecast to post a net loss per share of CA$0.12 next year compared to a net loss per share of CA$0.32 last year. 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: CA$140k 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 CA$115k worth of stock On the 28th of August, Ghyslain Rivard sold around 50k shares on-market at roughly CA$2.30 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 CA$2.0m more than they sold in the last 12 months. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 106% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$556.8m to CA$532.2m. Losses expected to increase from CA$0.057 per share to CA$0.12. IT industry in Canada expected to see average net income growth of 7.7% next year. Consensus price target down from CA$3.65 to CA$3.38. Share price rose 2.1% to CA$2.47 over the past week. Price Target Changed • Aug 13
Price target decreased by 7.3% to CA$3.38 Down from CA$3.65, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CA$2.50. Stock is down 17% over the past year. The company is forecast to post a net loss per share of CA$0.12 next year compared to a net loss per share of CA$0.32 last year. New Risk • Aug 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$33m Forecast net loss in 1 year: CA$4.9m 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 11
First quarter 2024 earnings: EPS and revenues miss analyst expectations 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 missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 140%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Canada. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • 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 07
Insider recently bought CA$1.8m worth of stock On the 1st of July, Amar Bukkasagaram bought around 622k shares on-market at roughly CA$2.84 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 CA$2.2m more in shares than they have sold in the last 12 months. Major Estimate Revision • Jun 15
Consensus EPS estimates fall by 183% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CA$0.02 to -CA$0.057 per share. Revenue forecast unchanged at CA$556.9m. IT industry in Canada expected to see average net income growth of 10% next year. Consensus price target broadly unchanged at CA$3.63. Share price fell 8.3% to CA$2.21 over the past week. Duyuru • Jun 09
Alithya Group Inc., Annual General Meeting, Sep 13, 2023 Alithya Group Inc., Annual General Meeting, Sep 13, 2023. Reported Earnings • Jun 09
Full year 2023 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 134%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the IT industry in Canada. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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. Duyuru • 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 Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 46% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CA$0.086 to -CA$0.125 per share. Revenue forecast unchanged at CA$523.0m. IT industry in Canada expected to see average net income growth of 17% next year. Consensus price target up from CA$3.58 to CA$3.71. Share price was steady at CA$2.30 over the past week. 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 107% is required to achieve expected profit on schedule. Duyuru • 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 Duyuru • 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. Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 losses forecast to reduce from -CA$0.09 to -CA$0.06 per share. Revenue forecast steady at CA$522.9m. IT industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$3.79 to CA$3.68. Share price rose 10% to CA$2.48 over the past week. Reported Earnings • Nov 16
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind 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 missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 83%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2023 earnings: Revenues miss analyst expectations Second quarter 2023 results: Revenue: CA$128.9m (up 23% from 2Q 2022). Net loss: CA$435.0k (loss narrowed 84% from 2Q 2022). Revenue missed analyst estimates by 2.1%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Canada. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Nov 02
Alithya Group Inc. to Report Q2, 2023 Results on Nov 10, 2022 Alithya Group Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Duyuru • Oct 25
Alithya Group Inc. to showcase innovation in Higher Education at the 2022 EDUCAUSE Annual Conference Alithya Group Inc. announced its participation in the 2022 EDUCAUSE Annual Conference. The event draws experts from around the globe and takes place live from October 25-28 at the Colorado Convention Center in Denver, Colorado. Alithya and its partners, Frequency Foundry and OneWorldSIS, will showcase a complete Microsoft-based portfolio that includes a Student Information System (SIS), finance, and CRM, plus a full range of complementary solutions and implementation services. Together, the range of digital technology solutions and services give universities and students insight into data and provide a 360-degree view of the complete life cycle experience, from students to alumni activities. OneWorldSIS provides the Student Information System that historically helps Registrar Offices to capture and manage core transactions. Frequency Foundry's greymatter® CRM platform helps various higher education departments manage relationships between students and the university, from recruitment to student services, alumni fundraising efforts, and more. Alithya provides additional Microsoft 365, Power Platform, Power Apps, and Azure expertise and performs implementation services. Duyuru • Oct 06
Alithya Completes Seven Oracle Cloud Human Capital Management Project Alithya Group inc. announces the successful completion of seven Oracle Cloud Human Capital Management (HCM) project go lives this year, reflecting the continued strong performance of the company's dedicated Oracle practice. The seven completed implementations focused on the digital transformation of critical processes including payroll, performance, and other core human resources solutions, laying the foundations for future growth and efficiency. Alithya's reputation as a trusted advisor for the implementation of Oracle Cloud solutions that connect and transform organizations continues to grow, with more than 3,500 Oracle ERP, EPM, HCM, SCM, and Analytics projects completed to date for more than 1,200 customers. Alithya's Oracle Cloud HCM implementation team relies on deep HR experience to guide clients on their journeys to improve human resources, talent and workforce management, payroll, and HCM analytics processes. Duyuru • Sep 15
Alithya Group Inc. Elects André P. Brosseau as Board of Director Alithya Group Inc. at its annual general meeting of shareholders held on September 14, 2022, elected André P. Brosseau as Board of Directors. Recent Insider Transactions • Sep 04
President recently bought CA$80k worth of stock On the 31st of August, Paul Raymond bought around 29k shares on-market at roughly CA$2.79 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 CA$394k. Duyuru • Aug 25
Alithya Group Inc. Implements Oracle Cloud Suite for Inspira Health Alithya Group inc. has successfully implemented Oracle Cloud Enterprise Resource Planning (ERP), Oracle Cloud Supply Chain Management (SCM), Oracle Cloud Human Capital Management (HCM), and Oracle Cloud Payroll for Inspira Health to support its core financials, materials management, human resource management, employee and manager self-service, and payroll business processes. Reported Earnings • Aug 12
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: CA$0.045 loss per share (down from CA$0.024 loss in 1Q 2022). Revenue: CA$126.8m (up 23% from 1Q 2022). Net loss: CA$4.16m (loss widened 105% from 1Q 2022). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 167%. Over the next year, revenue is forecast to grow 14%, compared to a 8.9% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.