Alithya Reports First Quarter Fiscal 2027 Results

Alithya retains Scotiabank as financial advisor in connection with strategic review process

Q1-2027 Highlights * Revenues decreased 15.4% to $105.1 million, compared to $124.2 million for the same quarter last year. 77.4% of revenues were generated from clients which we had in the same quarter last year. * Gross margin decreased 19.8% to $31.9 million, compared to $39.8 million for the same quarter last year. Gross Margin as a Percentage of Revenues((1)) decreased to 30.4%, compared to 32.1% for the same quarter last year. * Net loss was $2.4 million, or $0.03 per share, compared to net earnings of $0.2 million, or nil per share, for the same quarter last year. * Adjusted Net Earnings((2)) decreased by $3.6 million, or 56.0%, to $2.9 million, from $6.5 million for the same quarter last year. This translated into Adjusted Net Earnings per Share((2)) of $0.03, compared to $0.07 for the same quarter last year. * Adjusted EBITDA((2)) decreased by $6.2 million, or 53.4%, to $5.4 million, for an Adjusted EBITDA Margin((2)) of 5.2% of revenues, compared to $11.6 million, for an Adjusted EBITDA Margin of 9.4% of revenues, for the same quarter last year. * Net cash used in operating activities was $4.8 million, representing an increase of $0.6 million, compared to $4.2 million for the same quarter last year. * Q1 Bookings((1)) reached $89.0 million, which translated into a Book-to-Bill Ratio((1)) of 0.85 for the quarter, compared to Bookings of $118.1 million and a Book-to-Bill Ratio of 0.95 for the same quarter last year. Backlog((1)) represented approximately 14 months of trailing twelve-month revenues as at June 30, 2026.