Alithya Reports Second Quarter Fiscal 2027 Results
Key Highlights
- ➤Bookings $108.2 million, up from $90.9 million; book-to-bill reached 1.05
- ➤Revenues fell 16.8% year-over-year to $103.4 million
- ➤Adjusted EBITDA dropped 35.3% to $8.3 million; margin declined to 8.0%
- ➤Net loss narrowed to $25.0 million, including $30.4 million impairment charges
- ➤Strategic review continues with Scotiabank advising on potential alternatives
Expert Statements
Paul Raymond, President and CEO of Alithya
“I want to sincerely thank our teams for their continued dedication and commitment, and our clients for their trust and collaboration. Their collective efforts and our disciplined execution have enabled us to maintain healthy bookings, as we remain focused on delivering meaningful value and positioning Alithya for the future.”
Bookings((1)) reach $108.2 million, with a Book-to-Bill Ratio((1)) of 1.05
Q2-2027 Highlights * Revenues of $103.4 million, down 16.8% year-over-year. 82.6% of revenues were generated from clients which we had in the same quarter last year. * Gross margin decreased 24.1% to $32.5 million, compared to $42.8 million for the same quarter last year. Gross Margin as a Percentage of Revenues((1)) decreased to 31.4%, compared to 34.4% for the same quarter last year. * Net loss of $25.0 million, or $0.26 per share, compared to $31.0 million, or $0.32 per share, for the same quarter last year. Net loss included impairment charges of $30.4 million compared to $38.0 million in Q2 fiscal 2026. * Adjusted Net Earnings((2)) of $4.6 million, or $0.05 per Share((2)), compared to $9.5 million, or $0.10 per Share for the same quarter last year. * Adjusted EBITDA((2)) decreased by $4.5 million, or 35.3%, to $8.3 million, for an Adjusted EBITDA Margin((2)) of 8.0% of revenues, compared to $12.8 million, for an Adjusted EBITDA Margin of 10.3% of revenues, for the same quarter last year. * Net cash from operating activities was $0.9 million, representing a decrease of $0.2 million, compared to $1.1 million for the same quarter last year. * Bookings((1)) reached $108.2 million, which translated into a Book-to-Bill Ratio((1)) of 1.05 for the quarter, compared to Bookings of $90.9 million and a Book-to-Bill Ratio of 0.73 for the same quarter last year. Backlog((1)) represented approximately 14 months of trailing twelve-month revenues as at September 30, 2026. * Previously announced Strategic Review process continues, with Scotiabank as financial advisor.
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