Sylogist Reports Q1 Revenue Decline Amid Transition to Recurring-Revenue Model
Sylogist reported a decline in first-quarter fiscal 2026 revenue due to lower project services and maintenance income, despite growth in SaaS subscriptions. The company is transitioning toward a partner-led recurring-revenue model, which has led to improved recurring revenue metrics but also softer retention rates.
Topics: adjusted EBITDA dividend suspension revenue decline SaaS transition