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home / news releases / ALYA - Alithya down 4% after earnings report


ALYA - Alithya down 4% after earnings report

  • Shares of Alithya Group (NASDAQ:ALYA-4% slides after reporting earnings this morning.
  • Q4 highlights: Revenues increased 0.7% Y/Y to C$73.2M.
  • Adjusted EBITDA of C$2.0M (-9.6%).
  • Net loss of C$34.0M, which includes an impairment of C$28.0M, in the context of COVID-19 and the consolidation of the Company's tradenames.
  • Gross Margin were 28.6% vs. a 29.3% year ago.
  • SG&A increased 6.8% Y/Y to C$21.5M.
  • Net bank borrowing reached $26.9M (+210% Y/Y) as of March 31, 2020.
  • Outlook: Management is very cautions with its outlook in the context of the pandemic. Alithya says that the company is focused on its 3-5-year strategic plan which sets as a goal to become a North-American digital transformation leader, with the ambition of doubling the Company's size during this period.
  • Previously: Alithya Group reports Q4 results (June 19)
  • More news on: Alithya Group Inc., Earnings news and commentary, Stocks on the move, Tech stocks news, ,
Stock Information

Company Name: Alithya Group inc.
Stock Symbol: ALYA
Market: NASDAQ

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