Logility Reports Second Quarter Fiscal Year 2025 Financial Results

Rhea-AI Summary

Logility (NASDAQ: LGTY) reported Q2 FY2025 results with subscription fees growing 9% to $14.5 million. Total revenues decreased 2% to $25.3 million due to lower services and maintenance revenue. Operating earnings declined 16% to $1.0 million. The company maintained its recurring revenue guidance of $87.0-89.0 million and Adjusted EBITDA guidance of $15.0-16.4 million, but revised total revenue guidance to $101.0-105.0 million due to project delays. GAAP net earnings from continuing operations were $1.7 million ($0.05 per share). The company completed a reclassification of common stock, eliminating Class B shares, and maintains a strong financial position with $84.2 million in cash and investments.

Positive

• Subscription fees increased 9% YoY to $14.5 million
• Recurring revenue represents 85% of total revenues
• Adjusted net earnings increased to $3.8M ($0.11/share) from $2.9M ($0.08/share) YoY
• Strong cash position of $84.2 million

Negative

• Total revenues decreased 2% YoY to $25.3 million
• Operating earnings declined 16% to $1.0 million
• Professional services revenue decreased 10% to $3.6 million
• Maintenance revenues decreased 13% to $7.1 million
• Revised total revenue guidance downward due to project delays

Insights

Financial Analyst

The Q2 FY25 results show mixed performance with some concerning trends. Subscription fees grew 9% to $14.5 million, but total revenues declined 2% to $25.3 million. Operating earnings dropped 16% to $1.0 million, though adjusted net earnings improved to $3.8 million. The company maintains strong recurring revenue at 85% of total revenue, but revised total revenue guidance downward due to delayed project starts and deal closings. The balance sheet remains healthy with $84.2 million in cash and investments. The transition from maintenance to subscription model is progressing, though causing temporary revenue pressure. Key concerns include declining professional services revenue and operating earnings, despite growth in subscription business.

Tech Industry Analyst

The rebranding to Logility and strategic focus on AI-first supply chain solutions represents a significant pivot. The company's platform evolution emphasizes AI integration for pattern recognition and forecast accuracy improvements. The decline in professional services revenue 10% to $3.6 million due to outsourcing to system integrators suggests a shift toward a more scalable business model. The launch of Decision Command Center for network optimization and risk mitigation demonstrates commitment to innovation, though the impact is yet to be reflected in financial performance. The transition from legacy licensing to cloud services continues, with license revenues minimal at $0.1 million.

ATLANTA--(BUSINESS WIRE)-- Logility Supply Chain Solutions, Inc. (Logility) (NASDAQ: LGTY), a leader in AI-first supply chain planning software, today reported its second quarter fiscal year 2025 financial results.

“Subscription revenues continued to grow, up nine percent year over year in the current quarter, even though we faced a number of headwinds as start dates on a couple of projects pushed out and delayed closing of several late-stage deals in our pipeline,” said Allan Dow, President and CEO of Logility. “While we still expect to secure these opportunities in the current fiscal year, we are revising our revenue guidance to reflect the impact of lower professional services revenue. Our prior guidance for recurring revenue and adjusted EBITDA is unchanged as we remain confident in our ability to grow subscription fees and maintain strong margins.”

Fiscal Year 2025 Financial Outlook from Continuing Operations:

• Total recurring revenues remain unchanged at $87.0 million to $89.0 million, and
• Total Adjusted EBITDA remains unchanged at $15.0 million to $16.4 million.
• Revised guidance for total revenues is $101.0 million to $105.0 million.

Key Second Quarter Financial Highlights from Continuing Operations:

• Subscription fees were $14.5 million for the quarter ended October 31, 2024, a 9% increase compared to $13.4 million for the same period of the prior year.
• Recurring revenue streams for Maintenance and Subscriptions were $21.6 million or 85% of total revenues in the quarter ended October 31, 2024 compared to $21.5 million or 84% of total revenues in the same period of the prior year.
• Total revenues for the quarter ended October 31, 2024 decreased 2% to $25.3 million, compared to $25.7 million for the same period of the prior year, principally due to a decrease in services and maintenance revenue.
• Maintenance revenues for the quarter ended October 31, 2024 decreased 13% to $7.1 million compared to $8.1 million for the same period last year, as anticipated, partially due to the divestiture of the Transportation group in November, 2023 and client conversions to the cloud.
• Professional services and other revenues for the quarter ended October 31, 2024 decreased 10% to $3.6 million for the quarter ended October 31, 2024 compared to $4.0 million for the same period last year. The decline was primarily driven by outsourcing of some services to systems integrators and lower project work for internal staff.
• Software license revenues were $0.1 million for the quarter ended October 31, 2024 compared to $0.2 million in the same period last year, continuing the focus on cloud services sales.
• Operating earnings for the quarter ended October 31, 2024 decreased 16% to $1.0 million compared to $1.2 million for the same period last year.
• GAAP net earnings from continuing operations for the quarter ended October 31, 2024 were $1.7 million or $0.05 per fully diluted share compared to $0.6 million or $0.02 per fully diluted share for the same period last year.
• Adjusted net earnings from continuing operations for the quarter ended October 31, 2024, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $3.8 million or $0.11 per fully diluted share compared to $2.9 million or $0.08 per fully diluted share for the same period last year.
• EBITDA from continuing operations was $2.2 million for the quarter ended October 31, 2024 compared to $2.5 million for the same period last year.
• Adjusted EBITDA from continuing operations decreased 7% to $3.8 million for the quarter ended October 31, 2024 compared to $4.1 million for the same period last year. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation expense.

Key Fiscal 2025 Year to Date Financial Highlights from Continuing Operations:

• Subscription fees were $29.3 million for the six months ended October 31, 2024, an 8% increase compared to $27.1 million for the same period last year, while Software license revenues were $0.3 million compared to $0.5 million for the same period last year.
• Recurring revenue streams for Maintenance and Cloud Services were $43.7 million and $43.4 million or 85% and 84% of total revenues for the six-month periods ended October 31, 2024 and 2023, respectively.
• Total revenues for the six months ended October 31, 2024 were $51.5 million compared to $51.6 million for the same period last year.
• Maintenance revenues for the six months ended October 31, 2024 were $14.4 million, a 12% decrease compared to $16.3 million for the same period last year partially due to the divestiture of the Transportation group in November, 2023 and client conversions to the cloud.
• Professional services and other revenues for the six months ended October 31, 2024 decreased 3% to $7.5 million compared to $7.7 million for the same period last year.
• For the six months ended October 31, 2024, the Company reported continuing operating earnings of approximately $2.9 million compared to $2.6 million for the same period last year.
• GAAP net earnings from continuing operations were approximately $3.8 million or $0.11 per fully diluted share for the six months ended October 31, 2024, a 17% increase compared to $3.2 million or $0.09 per fully diluted share for the same period last year.
• Adjusted net earnings from continuing operations for the six months ended October 31, 2024, which exclude stock-based compensation expense and amortization of acquisition-related intangibles, increased 18% to $7.9 million or $0.24 per fully diluted share, compared to $6.7 million or $0.19 per fully diluted share for the same period last year.
• EBITDA from continuing operations increased by 13% to $5.2 million for the six months ended October 31, 2024 compared to $4.6 million for the same period last year.
• Adjusted EBITDA from continuing operations increased 9% to $8.4 million for the six months ended October 31, 2024 compared to $7.8 million for the six months ended October 31, 2023. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation.

During Q2’25, the company completed the reclassification (the “Reclassification”) of the Company’s common stock to eliminate its Class B Common Stock. Under the terms of the Reclassification Agreement, each outstanding share of the Company’s Class B Common Stock was exchanged for 1.2 shares of the Company’s Class A Common Stock. In connection with the Reclassification, the Company issued 2,185,904 shares of Class A Common Stock to James C. Edenfield, the beneficial owner of all of the issued and outstanding shares of the Class B Shares (the “Class B Shareholder”), pursuant to that certain Reclassification Agreement, dated April 10, 2024 by and between the Company and the Class B Shareholder. In accordance with ASC 260, Earnings Per Share, net (loss) earnings per share attributable to common stockholders was reduced by the excess of the fair value of the common shares issued over the carrying amount of the Class B shares surrendered which amounted to $3.8 million or $0.11 per share in the current quarter.

The overall financial condition of the Company remains strong, with cash and investments of approximately $84.2 million. During the second quarter of fiscal year 2025, the Company paid shareholder dividends of approximately $3.7 million.

Key Second Quarter of Fiscal Year 2025 highlights:

Clients & Channels

• Notable customers placing orders with the Company in the second quarter include:
  J.D. Irving Limited, Kontoor Brands, Inc., Orbis Corporation, and Ralph Lauren

• During the quarter, SaaS subscription and software license agreements were signed with customers located in Canada and the United States.

Company & Technology

• On October 1, 2024, American Software, Inc. announced its rebranding to Logility Supply Chain Solutions, Inc., aligning the company’s name with its globally recognized brand. This strategic move underscores Logility’s commitment to delivering AI-first supply chain planning software, and the change was marked by an update of its NASDAQ ticker symbol from AMSWA to LGTY, further strengthening its market presence.
• The inaugural LogiCon24 Virtual Summit, held on September 24, 2024, brought together industry leaders and supply chain professionals to discuss the future of supply chains under the theme “Reimagine Supply Chain.” This exclusive virtual event featured insights into AI-driven supply chain planning and strategies for navigating complex global challenges, reinforcing Logility’s position as an industry thought leader.
• In the past quarter, Logility has achieved significant milestones and received extensive media recognition for its innovative advancements in AI-first supply chain solutions, empowering organizations to unlock data-driven insights, improve operational efficiency, and enhance supply chain resilience. Media outlets such as Supply Chain Digital, Supply Chain Management Review, and Supply Chain Brain featured Logility's expertise in leveraging artificial intelligence to enhance supply chain efficiency and readiness. In August, Supply Chain Digital recognized Logility as a key player in global supply and demand planning, with Allan Dow, President and CEO, as the featured SME. Supply Chain Management Review published an interview with Steve Johanson, SVP, Network Optimization Industry Principal, highlighting Logility’s role in driving digital transformation within the supply chain sector. In September, Supply Chain Brain featured Dow discussing the readiness of supply chain and logistics management for AI-driven advancements.
• As businesses increasingly prioritize sustainability, Logility’s collaboration with Worldly to enhance ESG supply chain transparency received coverage in publications like Total Retail and Supply & Demand Chain Executive, with Roger Mayerson, Senior Vice President, Industry Principal of Apparel and Soft Goods, as the featured industry expert. These articles emphasized the importance of visibility, transparency, and compliance in modern supply chains, underscoring Logility’s commitment to fostering sustainable practices across complex global networks.
• Additional media recognition in Beverage Wholesaler and Rethink Retail showcased Logility’s innovative approaches to AI and vendor management. Lisa Henriott, Senior Vice President of Product Marketing, provided insights into AI trends within the beverage industry for Beverage Wholesaler, while Mayerson discussed vendor management and sustainability strategies in Rethink Retail. These articles reinforced Logility’s position as a leader in AI-first, resilient supply chains designed to meet today’s dynamic market demands.
• Furthermore, Scott Tillman, SVP Agile Practice & Process Improvement shared Logility’s success story with AI integration on the Daily Tech Talks Podcast in May, illustrating how the Logility Digital Supply Chain Platform leverages AI to recognize patterns, improve forecast accuracy, and help clients reduce inventory. Kevin McInturff, Chief Technology Officer, was featured in Yahoo! Finance in April, discussing Logility’s launch of the Decision Command Center to mitigate supply chain risks and transform network optimization.

Conference Call

Logility will host a conference call to discuss its second quarter fiscal 2025 results and financial outlook today, November 21, 2024 at 5:00pm ET.

Webcast: https://events.q4inc.com/attendee/584175710

A replay of the call will also be accessible via the investor relations page of Logility’s website at www.logility.com/company/investor-relations/financial-news.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Operating and Non-GAAP Financial Measures

Logility (the “Company”) includes non-GAAP financial measures (EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share) in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP-compliant financial information and may be different from the operating or non-GAAP financial information used by other companies. The Company believes that this presentation of EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations. EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, and income tax expense. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation expense.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Logility Supply Chain Solutions, Inc.
Consolidated Statements of Operations Information
(In thousands, except per share data, unaudited)
		Second Quarter Ended											Six Months Ended
		October 31,											October 31,
		2024				2023				Pct Chg.			2024					2023			Pct Chg.
Revenues from continuing operations:
Subscription fees		$	14,522			$	13,358			9	%		$	29,313				$	27,121		8	%
License fees			73				229			(68	%)			314					518		(39	%)
Professional services & other			3,617				4,003			(10	%)			7,487					7,689		(3	%)
Maintenance			7,074				8,100			(13	%)			14,364					16,263		(12	%)
Total Revenues			25,286				25,690			(2	%)			51,478					51,591		0	%
Cost of Revenues from continuing operations:
Subscription services			4,678				4,607			2	%			9,372					8,824		6	%
License fees			2				93			(98	%)			46					165		(72	%)
Professional services & other			2,717				2,856			(5	%)			5,413					5,916		(9	%)
Maintenance			1,380				1,733			(20	%)			2,670					3,428		(22	%)
Total Cost of Revenues			8,777				9,289			(6	%)			17,501					18,333		(5	%)
Gross Margin			16,509				16,401			1	%			33,977					33,258		2	%
Operating expenses from continuing operations:
Research and development			4,347				4,269			2	%			8,711					8,518		2	%
Sales and marketing			5,085				5,313			(4	%)			10,721					11,044		(3	%)
General and administrative			5,850				5,461			7	%			11,283					10,922		3	%
Amortization of acquisition-related intangibles			191				129			48	%			382					153		150	%
Total Operating Expenses			15,473				15,172			2	%			31,097					30,637		2	%
Operating Earnings from continuing operations			1,036				1,229			(16	%)			2,880					2,621		10	%
Interest Income (Loss) & Other, Net			1,180				(577	)		nm				2,314					1,310		77	%
Earnings from continuing operations Before Income Taxes			2,216				652			240	%			5,194					3,931		32	%
Income Tax Expense			478				31			1442	%			1,403					696		102	%
Net Earnings from continuing operations		$	1,738			$	621			180	%		$	3,791				$	3,235		17	%
Earnings from discontinued operations, Net of Income Taxes (1)		$	-			$	1,742			-			$	-				$	1,876		(100	%)
Net Earnings		$	1,738			$	2,363			(26	%)		$	3,791		#		$	5,111		(26	%)
Net (loss) earnings attributable to Class A stockholders (3)		$	(2,018	)		$	4,105			(149	%)		$	35		#		$	6,987		(99	%)
Basic (loss) earnings per share: (2)
Continuing operations		$	0.05			$	0.02			150	%		$	0.11				$	0.09		22	%
Discontinued operations			-				0.05			-				-					0.05		-
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement (3)			(0.11	)			-			-				(0.11	)				-		-
Basic (loss) earnings per share		$	(0.06	)		$	0.07			na			$	-				$	0.14		na
Diluted (loss) earnings per share: (2)
Continuing operations		$	0.05			$	0.02			150	%		$	0.11				$	0.09		22	%
Discontinued operations			-				0.05			-				-					0.05		-
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement (3)			(0.11	)			-			-				(0.11	)				-		-
Diluted (loss) earnings per share		$	(0.06	)		$	0.07			nm			$	-				$	0.14		(100	%)
Weighted average number of common shares outstanding:
Basic			33,555				34,071							33,420					34,113
Diluted			33,555				34,094							33,420					34,127

nm- not meaningful
Logility Supply Chain Solutions, Inc.
NON-GAAP MEASURES OF PERFORMANCE
(In thousands, except per share data, unaudited)
		Second Quarter Ended											Six Months Ended
		October 31,											October 31,
		2024				2023				Pct Chg.			2024				2023				Pct Chg.
NON-GAAP Operating Earnings:
Operating Earnings from continuing operations (GAAP Basis)		$	1,036			$	1,229			(16	%)		$	2,880			$	2,621			10	%
Amortization of acquisition-related intangibles			850				795			7	%			1,700				1,028			65	%
Stock-based compensation			1,609				1,580			2	%			3,195				3,125			2	%
NON-GAAP Operating Earnings from continuing operations:			3,495				3,604			(3	%)			7,775				6,774			15	%
Non-GAAP Operating Earnings from continuing operations, as a % of revenue			14	%			14	%						15	%			13	%
		Second Quarter Ended											Six Months Ended
		October 31,											October 31,
		2024				2023				Pct Chg.			2024				2023				Pct Chg.
NON-GAAP EBITDA:
Net Earnings from continuing operations (GAAP Basis)		$	1,738			$	621			180	%		$	3,791			$	3,235			17	%
Income Tax Expense			478				31			1442	%			1,403				696			102	%
Interest Income (Loss) & Other, Net			(1,180	)			577			(305	%)			(2,314	)			(1,310	)		77	%
Amortization of intangibles			852				899			(5	%)			1,711				1,270			35	%
Depreciation			316				378			(16	%)			644				738			(13	%)
EBITDA from continuing operations (earnings before interest, taxes, depreciation and amortization)			2,204				2,506			(12	%)			5,235				4,629			13	%
Stock-based compensation			1,609				1,580			2	%			3,195				3,125			2	%
Adjusted EBITDA from continuing operations		$	3,813			$	4,086			(7	%)		$	8,430			$	7,754			9	%
EBITDA from continuing operations, as a percentage of revenues			9	%			10	%						10	%			9	%
Adjusted EBITDA, from continuing operations, as a percentage of revenues			15	%			16	%						16	%			15	%
		Second Quarter Ended											Six Months Ended
		October 31,											October 31,
		2024				2023				Pct Chg.			2024				2023				Pct Chg.
NON-GAAP Earnings Per Share
Net Earnings from continuing operations (GAAP Basis)		$	1,738			$	621			180	%		$	3,791			$	3,235			17	%
Amortization of acquisition-related intangibles (4)			719				757			(5	%)			1,423				846			68	%
Stock-based compensation (4)			1,362				1,505			(10	%)			2,678				2,572			4	%
Adjusted Net Earnings from continuing operations		$	3,819			$	2,883			32	%		$	7,892			$	6,653			19	%
Adjusted non-GAAP diluted earnings per share from continuing operations		$	0.11			$	0.08			38	%		$	0.24			$	0.19			26	%
		Second Quarter Ended											Six Months Ended
		October 31,											October 31,
		2024				2023				Pct Chg.			2024				2023				Pct Chg.
NON-GAAP Earnings Per Share
Net Earnings from continuing operations (GAAP Basis)		$	0.05			$	0.02			150	%		$	0.11			$	0.09			22	%
Amortization of acquisition-related intangibles (4)			0.02				0.02			0	%			0.05				0.02			150	%
Stock-based compensation (4)			0.04				0.04			0	%			0.08				0.08			0	%
Adjusted Net Earnings from continuing operations		$	0.11			$	0.08			38	%		$	0.24			$	0.19			26	%
		Second Quarter Ended											Six Months Ended
		October 31,											October 31,
		2024				2023				Pct Chg.			2024				2023				Pct Chg.
Amortization of acquisition-related intangibles
Cost of Subscription Services		$	659			$	666			(1	%)		$	1,318			$	874			51	%
Operating expenses			191				129			48	%			382				154			148	%
Total amortization of acquisition-related intangibles		$	850			$	795			7	%		$	1,700			$	1,028			65	%
Stock-based compensation
Cost of revenues		$	90			$	83			8	%		$	179			$	161			11	%
Research and development			192				166			16	%			374				339			10	%
Sales and marketing			366				381			(4	%)			682				728			(6	%)
General and administrative			961				950			1	%			1,960				1,897			3	%
Total stock-based compensation		$	1,609			$	1,580			2	%		$	3,195			$	3,125			2	%
(1) For more information, please see note F related to discontinued operations in the Company’s unaudited condensed consolidated financial statements filed on December 11, 2023.
(2) - For three and six months ended October 31, 2023 basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Continuing operations diluted per share for Class B shares under the two-class method are $0.02 and $0.09 for the three and six months ended October 31, 2023.
(3) - In relation to the Reclassification Agreement, the $3.8 million difference between the fair value of the common shares issued and the carrying value of the Class B shares surrendered was included as a reduction to net earnings and numerator in calculating the net (loss) earnings attributable to common stockholders.
(4) -Continuing and discontinued operations are tax affected using the effective tax rate excluding discrete items in the following table.
		Three Months Ended October 31, 2024				Three Months Ended October 31, 2023							Six Months Ended October 31, 2024				Six Months Ended October 31, 2023
Continuing Operations			15.4	%			4.7	%						16.3	%			17.7	%
Discontinued Operations		nm					21.0	%					nm					21.1	%
Consolidated Operations			15.4	%			17.2	%						16.3	%			19.0	%
nm- not meaningful

Logility Supply Chain Solutions, Inc.
Consolidated Balance Sheet Information
(In thousands)
(Unaudited)
		October 31,			April 30,
		2024			2024
Cash and Cash Equivalents		$	44,589		$	59,512
Short-term Investments			39,631			24,261
Accounts Receivable:
Billed			16,296			28,043
Unbilled			789			296
Total Accounts Receivable, net			17,085			28,339
Prepaid expenses and other current assets			6,423			6,584
Total Current Assets			107,728			118,696
PP&E, net			5,190			5,554
Capitalized Software, net			-			11
Goodwill			45,782			45,782
Other Intangibles, net			8,868			10,567
Deferred Tax Asset			9,011			7,588
Other Non-current Assets			3,924			4,246
Total Assets		$	180,503		$	192,444
Accounts Payable		$	762		$	1,248
Accrued Compensation and Related costs			3,060			2,805
Dividend Payable			3,705			3,657
Other Current Liabilities			3,511			5,012
Deferred Revenues			38,057			47,621
Current Liabilities			49,095			60,343
Other Long-term Liabilities			1,313			1,620
Total Liabilities			50,408			61,963
Shareholders' Equity			130,095			130,481
Total Liabilities & Shareholders' Equity		$	180,503		$	192,444

Logility Supply Chain Solutions, Inc.
Condensed Consolidated Cashflow Information
(In thousands)
(Unaudited)
		Six Months Ended
		October 31,
		2024				2023
Net cash (used in) provided by operating activities of continuing operations		$	(7,321	)		$	6,436
Cash provided by operating activities of discontinued operations			-				1,618
Net cash (used in) provided by operating activities			(7,321	)			8,054
Purchases of property and equipment, net of disposals			(280	)			(490	)
Purchase of business, net of cash acquired			-				(25,032	)
Net cash used in investing activities of continuing operations			(280	)			(25,522	)
Net cash provided by investing activities of discontinued operations			-				1,825
Net cash used in investing activities			(280	)			(23,697	)
Dividends paid			(7,322	)			(7,514	)
Proceeds from exercise of stock options			-				246
Purchases of common stock			-				(4,814	)
Net cash used in financing activities			(7,322	)			(12,082	)
Net change in cash and cash equivalents			(14,923	)			(27,725	)
Cash and cash equivalents at beginning of period			59,512				90,696
Cash and cash equivalents at end of period		$	44,589			$	62,971

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121981976/en/

Kevin Liu

kliu@logility.com

(626) 424-1535

Source: Logility Supply Chain Solutions, Inc.

FAQ

What was Logility's (LGTY) subscription revenue growth in Q2 2025?

Logility's subscription fees grew 9% year-over-year to $14.5 million in Q2 FY2025.

What is Logility's (LGTY) revised revenue guidance for FY2025?

Logility revised its total revenue guidance to $101.0-105.0 million for FY2025, while maintaining recurring revenue guidance of $87.0-89.0 million.

How much cash does Logility (LGTY) have as of Q2 2025?

Logility reported cash and investments of approximately $84.2 million as of Q2 FY2025.

What was Logility's (LGTY) earnings per share in Q2 2025?

Logility reported GAAP earnings of $0.05 per fully diluted share and adjusted earnings of $0.11 per fully diluted share in Q2 FY2025.