SYLOGIST LTD

Sylogist’s board rejected a settlement proposal from activist investor OneMove, even though OneMove had offered to reduce its demand for independent board seats from four to two. Sylogist said any agreement would require the consent of PenderFund, which prevented a deal ahead of the May 12 annual meeting. OneMove owns about 15% of Sylogist; its CEO Tyler Proud blames company-specific management failures for the stock’s steep decline. Sylogist retorted that Proud had hardened his demands and sought majority control. » Altro su de.investing.com

OneMove Kapital bought 316,700 common shares of Sylogist at an average price of C$3.8318 per share, spending around C$1.2 million. After the acquisition, OneMove holds 2.5 million common shares, representing about 10.71% of Sylogist's outstanding shares. » Altro su de.investing.com

Sylogist reported revenue of CAD 14.4m for the fourth quarter of 2025, driven by a strategic shift to a SaaS subscription model. SaaS subscription revenue increased 12% in the quarter and SaaS-ARR rose 9% year-over-year to CAD 33.8m, while total revenue missed guidance. Gross margin fell to 56% (from 59% a year earlier) and the stock dropped 2.58% to CAD 3.87 after the results. Management stresses long-term profitability targets through a focus on high-margin SaaS offerings and partner sales, but sees short-term revenue impacts and competitive risks. » Altro su de.investing.com

Sylogist reports Q3 2025 EPS of CAD 0.01, slightly beating expectations, while revenue of CAD 15.9 million misses the CAD 16.35 million forecast. SaaS subscription revenue increased 12% year-over-year and 48% of new business was partner-generated ARR. The company shows CAD 14.1 million in cash, a gross margin of around 60%, and adjusted EBITDA of CAD 3.1 million. Sylogist now expects low-double-digit ARR growth and is reviewing debt reduction, share buybacks and M&A options. » Altro su de.investing.com