Logility Reports Third Quarter Fiscal Year 2025 Financial Results

Rhea-AI Summary

Logility (Nasdaq: LGTY) reported Q3 FY2025 financial results, highlighting a pending acquisition by Aptean for $14.30 per share in an all-cash transaction, expected to close in Q2 2025. Subscription fees increased 5% to $14.8 million, while total revenues decreased 2% to $25.0 million compared to the same period last year.

The company reported an operating loss of ($3.5) million and GAAP net loss of ($2.8) million, primarily due to one-time charges related to the Starboard acquisition and Aptean transaction. Recurring revenue represented 87% of total revenues at $21.6 million. Adjusted EBITDA increased 7% to $4.3 million. The company maintains a strong financial position with approximately $79.3 million in cash and investments, and paid $3.7 million in shareholder dividends during Q3.

Positive

• Subscription fees increased 5% YoY to $14.8 million
• Recurring revenue represents 87% of total revenues
• Adjusted EBITDA increased 7% to $4.3 million
• Strong cash position of $79.3 million
• Pending acquisition by Aptean at $14.30 per share

Negative

• Total revenues decreased 2% YoY to $25.0 million
• Operating loss of ($3.5) million compared to $0.8 million gain last year
• GAAP net loss of ($2.8) million vs. $4.2 million profit last year
• Maintenance revenues declined 12% to $6.8 million
• Professional services revenue decreased 21% to $2.7 million

Insights

Financial Analyst

The Q3 results reveal Logility's complex transformation story, marked by strategic shifts in revenue composition and an impending acquisition. The company's recurring revenue remains robust at 87% of total revenue, demonstrating strong business fundamentals despite top-line pressure. The 5% growth in subscription fees to $14.8 million reflects successful cloud migration efforts, though this is partially offset by a 12% decline in maintenance revenue to $6.8 million.

The reported operating loss of $3.5 million masks underlying business strength, as adjusted EBITDA grew 7% to $4.3 million. This divergence is primarily due to one-time charges related to M&A activity. The company maintains a strong financial position with $79.3 million in cash and investments, supporting both shareholder returns through $3.7 million in quarterly dividends and operational flexibility.

The strategic decision to outsource certain professional services to system integrators, while causing a 21% revenue decline in that segment, aligns with industry best practices for scalable growth. The pending Aptean acquisition at $14.30 per share comes at a time when Logility is successfully executing its cloud transformation, with subscription fees now representing a larger portion of recurring revenue.

Year-to-date performance shows resilience in core metrics, with subscription fees up 7% to $44.1 million and adjusted EBITDA increasing 10% to $13.0 million. The maintenance revenue decline of 12% year-to-date reflects both strategic cloud transitions and the impact of the Transportation group divestiture, indicating a deliberate portfolio optimization strategy.

ATLANTA--(BUSINESS WIRE)-- Logility Supply Chain Solutions, Inc. (Nasdaq: LGTY) (“Logility” or the “Company”), a leader in AI-first supply chain planning software, today reported its third quarter fiscal year 2025 financial results.

Proposed Transaction with Aptean, Inc. (“Aptean”)

On January 24, 2025, Logility announced that Aptean, a global provider of mission-critical enterprise software solutions, had entered into a definitive agreement (the “Merger Agreement”) to acquire Logility. Under the terms of the Merger Agreement, Aptean will acquire all of Logility’s outstanding common stock for $14.30 per share in an all-cash transaction. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including approval of the transaction by Logility’s shareholders and receipt of certain regulatory approvals. Additional details and information about the terms and conditions of the Merger Agreement and the transactions contemplated by the Merger Agreement are available in the Current Report on Form 8-K filed with the SEC on January 28, 2025.

Due to the pending transaction with Aptean, Logility will not be hosting an earnings conference call to review its results for the quarter and will not be providing a financial outlook. For further detail and discussion of our financial performance, please refer to our Form 10-Q for the quarter ended January 31, 2025, which will be filed with the SEC at a later date.

Key Third Quarter Financial Highlights from Continuing Operations:

• Subscription fees were $14.8 million for the quarter ended January 31, 2025, a 5% increase compared to $14.1 million for the same period of the prior year.
• Recurring revenue streams for Maintenance and Subscription fees were $21.6 million or 87% of total revenues in the quarter ended January 31, 2025 compared to $21.8 million or 86% of total revenues in the same period of the prior year.
• Total revenues for the quarter ended January 31, 2025 decreased 2% to $25.0 million, compared to $25.5 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 January 31, 2025 decreased 12% to $6.8 million compared to $7.7 million for the same period last year due to client conversions to the cloud and churn.
• Professional services and other revenues for the quarter ended January 31, 2025 decreased 21% to $2.7 million for the quarter ended January 31, 2025 compared to $3.4 million for the same period last year. The decline was primarily caused by outsourcing of some services to systems integrators and lower project work for internal staff.
• Software license revenues were $0.7 million for the quarter ended January 31, 2025 compared to $0.3 million in the same period last year.
• Operating (loss)/earnings for the quarter ended January 31, 2025 were a loss of ($3.5) million compared to a gain of $0.8 million for the same period last year due to one-time charges for the Starboard acquisition-related items and the Aptean transaction.
• U.S. Generally Accepted Accounting Principle (“GAAP”) net loss from continuing operations for the quarter ended January 31, 2025 was ($2.8) million or ($0.08) per fully diluted share compared to net income of $4.2 million or $0.12 per fully diluted share for the same period last year.
• Adjusted net earnings from continuing operations for the quarter ended January 31, 2025, which excludes non-cash stock-based compensation expense, amortization of acquisition-related intangibles, Starboard acquisition-related costs and Aptean transaction related costs were $4.7 million or $0.14 per fully diluted share compared to $6.3 million or $0.19 per fully diluted share for the same period last year.
• EBITDA from continuing operations was a loss of ($2.4) million for the quarter ended January 31, 2025 compared to earnings of $2.4 million for the same period last year due to one-time charges for the Starboard acquisition-related items and the Aptean transaction.
• Adjusted EBITDA from continuing operations increased 7% to $4.3 million for the quarter ended January 31, 2025 compared to $4.0 million for the same period last year. Adjusted EBITDA represents GAAP net earnings/(loss) adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense, non-cash stock-based compensation expense, Starboard acquisition-related costs, and Aptean transaction related costs.

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

• Subscription fees were $44.1 million for the nine months ended January 31, 2025, a 7% increase compared to $41.2 million for the same period last year, while Software license revenues were $1.0 million compared to $0.8 million for the same period last year.
• Recurring revenue streams for Maintenance and Subscription fees were $65.3 million and $65.2 million or 85% of total revenues for the nine-month periods ended January 31, 2025 and 2024.
• Total revenues for the nine months ended January 31, 2025 were $76.5 million compared to $77.1 million for the same period last year.
• Maintenance revenues for the nine months ended January 31, 2025 were $21.2 million, a 12% decrease compared to $24.0 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 nine months ended January 31, 2025 decreased 8% to $10.2 million compared to $11.1 million for the same period last year.
• For the nine months ended January 31, 2025, the Company reported earnings (loss) from continuing operations of approximately ($0.6) million compared to earnings of $3.4 million for the same period last year.
• GAAP net earnings from continuing operations were approximately $1.0 million or $0.03 per fully diluted share for the nine months ended January 31, 2025 compared to $7.4 million or $0.22 per fully diluted share for the same period last year.
• Adjusted net earnings from continuing operations for the nine months ended January 31, 2025, which exclude stock-based compensation expense, amortization of acquisition-related intangibles, Starboard acquisition-related costs and merger related costs were $9.2 million or $0.28 per fully diluted share, compared to $13.3 million or $0.39 per fully diluted share for the same period last year.
• EBITDA from continuing operations was $2.9 million for the nine months ended January 31, 2025 compared to $7.1 million for the same period last year.
• Adjusted EBITDA from continuing operations increased 10% to $13.0 million for the nine months ended January 31, 2025 compared to $11.8 million for the nine months ended January 31, 2024. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense, non-cash stock-based compensation, Starboard earnout costs and Aptean transaction-related costs.

The overall financial condition of the Company remains strong, with cash and investments of approximately $79.3 million. During the third quarter of fiscal year 2025, the Company paid shareholder dividends of approximately $3.7 million.

About Logility

Logility is a 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 500 clients in 80 countries, the Company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Operating and Non-GAAP Financial Measures

Logility includes certain 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 that are not prepared in accordance with GAAP (“non-GAAP”). This non-GAAP 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 the Company’s 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, acquisition earnout and merger related costs. Reconciliations for the non-GAAP financial measures included herein to the most directly comparable GAAP financial measures, can be found below.

Forward Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” that involve risks and uncertainties that could cause actual results or performance to differ materially from those contained in the forward-looking statements. Such statements are based on management’s expectations as of the date they are made and are not guarantees of future results. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as “anticipate,” “believe,” “continue,” “could,” “expect,” “may,” “should,” “intend,” “seek,” “estimate,” “plan,” “target,” “project,” “likely,” “will,” “future” or other similar words or phrases. These risks and uncertainties include, but are not limited to, factors such as: (i) continuing U.S. and global economic uncertainty and the timing and degree of business recovery; (ii) the irregular pattern of the Company’s revenues; (iii) dependence on particular market segments or customers; (iv) competitive pressures; (v) market acceptance of the Company’s products and services; (vi) technological complexity; (vii) undetected software errors; (viii) potential product liability or warranty claims; (ix) risks associated with new product development; (x) the challenges and risks associated with integration of acquired product lines, companies and services; (xi) uncertainty about the viability and effectiveness of strategic alliances; (xii) 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; (xiii) the ability to obtain regulatory approval and meet other closing conditions to Aptean’s proposed transaction to acquire Logility (the “proposed transaction”), including obtaining approval of Logility’s shareholders, on the expected timeframe or at all; (xiv) potential adverse reactions or changes to business relationships, operating results, financial results and the business generally resulting from the announcement, pendency or inability to complete the proposed transaction on the expected timeframe or at all; (xv) actual or threatened litigation relating to the proposed transaction or otherwise; (xvi) the inability to retain key personnel, management or clients, or potential diminished productivity due to the impact of the proposed transaction on the Company’s current and prospective employees, key management, clients and other business partners; (xvii) risks related to diverting management’s attention from the Company’s ongoing business operations; (xviii) unexpected delays, costs, charges, fees or expenses resulting from the proposed transaction or the assumption of undisclosed liabilities related thereto; (xix) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the proposed transaction, including in circumstances requiring the Company to pay a termination fee; (xx) the risk that the price of the Company’s common stock may fluctuate during the pendency of the proposed transaction and may decline significantly if the proposed transaction is not completed; (xxi) the ability to successfully integrate operations and employees and to realize anticipated benefits and synergies of the proposed transaction as rapidly or to the extent anticipated; (xxii) actions by competitors; (xxiii) general adverse economic, political, social and security conditions in the regions in which Logility and Aptean operate; and (xxiv) the other risks and uncertainties discussed under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in other documents that the Company subsequently files from time to time with the SEC. Statements in this press release that are “forward-looking” include, without limitation, statements about Aptean’s proposed transaction to acquire Logility (including the anticipated results, effects and timing of the proposed transaction). You are cautioned not to place undue reliance on these forward‑looking statements, which speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances after the date of this press release.

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)
	Third Quarter Ended											Nine Months Ended
	Janaury 31,											Janaury 31,
		2025				2024			Pct Chg.				2025			2024			Pct Chg.
Revenues from continuing operations:
Subscription fees	$	14,818			$	14,114			5	%		$	44,131			$	41,235		7	%
License fees		662				277			139	%			976				795		23	%
Professional services & other		2,712				3,418			(21	%)			10,199				11,107		(8	%)
Maintenance		6,815				7,727			(12	%)			21,179				23,990		(12	%)
Total Revenues		25,007				25,536			(2	%)			76,485				77,127		(1	%)
Cost of Revenues from continuing operations:
Subscription services		4,599				4,944			(7	%)			13,971				13,768		1	%
License fees		-				3			(100	%)			46				168		(73	%)
Professional services & other		2,331				2,694			(13	%)			7,744				8,610		(10	%)
Maintenance		1,323				1,449			(9	%)			3,993				4,877		(18	%)
Total Cost of Revenues		8,253				9,090			(9	%)			25,754				27,423		(6	%)
Gross Margin		16,754				16,446			2	%			50,731				49,704		2	%
Operating expenses from continuing operations:
Research and development		4,748				4,546			4	%			13,459				13,064		3	%
Sales and marketing		6,164				5,039			22	%			16,885				16,083		5	%
General and administrative		9,164				5,853			57	%			20,447				16,775		22	%
Amortization of acquisition-related intangibles		191				193			(1	%)			573				346		66	%
Total Operating Expenses		20,267				15,631			30	%			51,364				46,268		11	%
Operating (Loss)/Earnings from continuing operations		(3,513	)			815			nm				(633	)			3,436		nm
Interest Income & Other, Net		780				4,417			(82	%)			3,094				5,726		(46	%)
(Loss)/Earnings from continuing operations Before Income Taxes		(2,733	)			5,232			nm				2,461				9,162		(73	%)
Income Tax Expense		25				1,080			(98	%)			1,428				1,775		(20	%)
Net (Loss)/ Earnings from continuing operations	$	(2,758	)		$	4,152			nm			$	1,033			$	7,387		(86	%)
(Loss)/Earnings from discontinued operations, Net of Income Taxes (1)	$	-			$	(64	)		-			$	-			$	1,812		(100	%)
Net (Loss)/Earnings	$	(2,758	)		$	4,088			nm			$	1,033			$	9,199		(89	%)
Net (Loss)/Earnings attributable to Class A stockholders (3)	$	(2,758	)		$	4,088			nm			$	(2,723	)		$	9,199		(130	%)
Basic (Loss)/Earnings per share: (2)
Continuing operations	$	(0.08	)		$	0.12			nm			$	0.03			$	0.22		(86	%)
Discontinued operations		-				-			-				-				0.05		-
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement (3)		-				-			-				(0.11	)			-		-
Basic (loss)/earnings per share	$	(0.08	)		$	0.12			na			$	(0.08	)		$	0.27		nm
Diluted (Loss)/Earnings per share: (2)
Continuing operations	$	(0.08	)		$	0.12			nm			$	0.03			$	0.22		(86	%)
Discontinued operations		-				-			-				-				0.05		-
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement (3)		-				-			-				(0.11	)			-		-
Diluted (loss)/earnings per share	$	(0.08	)		$	0.12			nm			$	(0.08	)		$	0.27		(130	%)
Weighted average number of common shares outstanding:
Basic		33,680				33,292							33,507				33,842
Diluted		33,681				33,337							33,517				33,866
nm- not meaningful

Logility Supply Chain Solutions, Inc.
NON-GAAP MEASURES OF PERFORMANCE
(In thousands, except per share data, unaudited)
	Third Quarter Ended											Nine Months Ended
	Janaury 31,											Janaury 31,
		2025				2024			Pct Chg.				2025				2024			Pct Chg.
NON-GAAP Operating Earnings:
Operating (Loss)/Earnings from continuing operations (GAAP Basis)	$	(3,513	)		$	815			nm			$	(633	)		$	3,436			nm
Amortization of acquisition-related intangibles		850				1,168			(27	%)			2,549				2,195			16	%
Stock-based compensation		1,612				1,586			2	%			4,807				4,720			2	%
Starboard earnout costs		1,500				-			nm				1,500				-			nm
Aptean transaction costs		3,547				-			nm				3,845				-			nm
NON-GAAP Operating Earnings from continuing operations:		3,996				3,569			nm				12,068				10,351			17	%
Non-GAAP Operating Earnings from continuing operations, as a % of revenue		16	%			14	%						16	%			13	%

	Third Quarter Ended											Nine Months Ended
	Janaury 31,											Janaury 31,
		2025				2024			Pct Chg.				2025				2024			Pct Chg.
NON-GAAP EBITDA:
Net (Loss)/Earnings from continuing operations (GAAP Basis)	$	(2,758	)		$	4,152			nm			$	1,033			$	7,387			(86	%)
Income Tax Expense		25				1,080			(98	%)			1,428				1,775			(20	%)
Interest Income & Other, Net		(780	)			(4,417	)		(82	%)			(3,094	)			(5,726	)		(46	%)
Amortization of intangibles		851				1,257			(32	%)			2,561				2,527			1	%
Depreciation		304				377			(19	%)			948				1,114			(15	%)
EBITDA from continuing operations (earnings before interest, taxes, depreciation and amortization)		(2,358	)			2,449			nm				2,876				7,077			(59	%)
Stock-based compensation		1,612				1,586			2	%			4,807				4,720			2	%
Starboard earnout costs		1,500				-			nm				1,500				-			nm
Aptean transaction costs		3,547				-			nm				3,845				-			nm
Adjusted EBITDA from continuing operations	$	4,301			$	4,035			7	%		$	13,028			$	11,797			10	%
EBITDA from continuing operations, as a percentage of revenues		-9	%			10	%						4	%			9	%
Adjusted EBITDA, from continuing operations, as a percentage of revenues		17	%			16	%						17	%			15	%

	Third Quarter Ended										Nine Months Ended
	Janaury 31,										Janaury 31,
		2025			2024			Pct Chg.			2025			2024			Pct Chg.
NON-GAAP Earnings Per Share
Net (Loss)/Earnings from continuing operations (GAAP Basis)	$	(2,758	)		$	4,152		nm			$	1,033		$	7,387		(86	%)
Amortization of acquisition-related intangibles (4)		842				927		(9	%)			1,647			1,870		(12	%)
Stock-based compensation (4)		1,597				1,259		27	%			3,105			4,002		(22	%)
Starboard earnout costs (4)		1,487				-		nm				969			-		nm
Aptean transaction costs (4)		3,515				-		nm				2,484			-		nm
Adjusted Net Earnings from continuing operations	$	4,683			$	6,338		(26	%)		$	9,238		$	13,259		(30	%)
Adjusted non-GAAP diluted earnings per share from continuing operations	$	0.14			$	0.19		(26	%)		$	0.28		$	0.39		(28	%)

	Third Quarter Ended										Nine Months Ended
	Janaury 31,										Janaury 31,
		2025			2024			Pct Chg.			2025			2024			Pct Chg.
NON-GAAP Earnings Per Share
Net (Loss)/Earnings from continuing operations (GAAP Basis)	$	(0.08	)		$	0.12		nm			$	0.03		$	0.22		(86	%)
Amortization of acquisition-related intangibles (4)		0.03				0.03		0	%			0.05			0.05		0	%
Stock-based compensation (4)		0.05				0.04		25	%			0.09			0.12		(25	%)
Starboard earnout costs (4)		0.04				-		nm				0.03			-		nm
Aptean transaction costs (4)		0.10				-		nm				0.08			-		nm
Adjusted Net Earnings from continuing operations	$	0.14			$	0.19		(26	%)		$	0.28		$	0.39		(28	%)

	Third Quarter Ended									Nine Months Ended
	Janaury 31,									Janaury 31,
	2025			2024			Pct Chg.			2025			2024			Pct Chg.
Amortization of acquisition-related intangibles
Cost of Subscription Services	$	659		$	975		(32	%)		$	1,976		$	1,849		7	%
Operating expenses		191			193		(1	%)			573			347		65	%
Total amortization of acquisition-related intangibles	$	850		$	1,168		(27	%)		$	2,549		$	2,196		16	%
Stock-based compensation
Cost of revenues	$	89		$	90		(1	%)		$	268		$	251		7	%
Research and development		195			174		12	%			569			513		11	%
Sales and marketing		386			312		24	%			1,068			1,040		3	%
General and administrative		942			1,010		(7	%)			2,902			2,916		0	%
Total stock-based compensation	$	1,612		$	1,586		2	%		$	4,807		$	4,720		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 nine months ended Janaury 31, 2024 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 $0.12 and $0.22 for the three and nine months ended Janaury 31, 2024.

(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 January 31, 2025		Three Months Ended January 31, 2024		Nine Months Ended Janaury 31, 2025		Nine Months Ended January 31, 2024
Continuing Operations	-0.9%		20.6%		35.4%		19.4%
Discontinued Operations	nm		nm		nm		23.9%
Consolidated Operations	-0.9%		21.9%		35.4%		20.3%
nm- not meaningful

Logility Supply Chain Solutions, Inc.
Consolidated Balance Sheet Information
(In thousands)
(Unaudited)
		Janaury 31,			April 30,
		2025			2024
Cash and Cash Equivalents		$	34,359		$	59,512
Short-term Investments			44,915			24,261
Accounts Receivable:
Billed			22,350			28,043
Unbilled			421			296
Total Accounts Receivable, net			22,771			28,339
Prepaid expenses and other current assets			5,947			6,584
Total Current Assets			107,992			118,696
PP&E, net			4,990			5,554
Capitalized Software, net			-			11
Goodwill			45,782			45,782
Other Intangibles, net			8,018			10,567
Deferred Tax Asset			9,586			7,588
Other Non-current Assets			3,849			4,246
Total Assets		$	180,217		$	192,444
Accounts Payable		$	1,068		$	1,248
Accrued Compensation and Related costs			3,695			2,805
Dividend Payable			3,706			3,657
Other Current Liabilities			7,780			5,012
Deferred Revenues			38,110			47,621
Current Liabilities			54,359			60,343
Other Long-term Liabilities			514			1,620
Total Liabilities			54,873			61,963
Shareholders' Equity			125,344			130,481
Total Liabilities & Shareholders' Equity		$	180,217		$	192,444

Logility Supply Chain Solutions, Inc.
Condensed Consolidated Cashflow Information
(In thousands)
(Unaudited)
		Nine Months Ended
		Janaury 31,
			2025				2024
Net cash (used in) provided by operating activities of continuing operations		$	(13,845	)		$	7,916
Cash provided by operating activities of discontinued operations			-				1,554
Net cash (used in) provided by operating activities			(13,845	)			9,470
Purchases of property and equipment, net of disposals			(381	)			(539	)
Purchase of business, net of cash acquired			-				(25,041	)
Proceeds from sale of business			-				660
Net cash used in investing activities of continuing operations			(381	)			(24,920	)
Net cash provided by investing activities of discontinued operations			-				1,825
Net cash used in investing activities			(381	)			(23,095	)
Dividends paid			(11,027	)			(11,272	)
Proceeds from exercise of stock options			100				290
Purchases of common stock			-				(10,235	)
Net cash used in financing activities			(10,927	)			(21,217	)
Net change in cash and cash equivalents			(25,153	)			(34,842	)
Cash and cash equivalents at beginning of period			59,512				90,696
Cash and cash equivalents at end of period		$	34,359			$	55,854

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250220969568/en/

Kevin Liu

kliu@logility.com

Source: Logility Supply Chain Solutions, Inc.

FAQ

What is the acquisition price offered by Aptean for LGTY shares?

Aptean has offered to acquire Logility's shares at $14.30 per share in an all-cash transaction.

When is the Aptean-LGTY merger expected to close?

The merger is expected to close in the second quarter of 2025, subject to shareholder approval and regulatory approvals.

What was LGTY's Q3 FY2025 subscription revenue growth?

Subscription fees increased 5% to $14.8 million compared to $14.1 million in the same quarter last year.

How much did LGTY's total revenue decline in Q3 FY2025?

Total revenues decreased 2% to $25.0 million compared to $25.5 million in the same period last year.

What percentage of LGTY's Q3 FY2025 revenue was recurring?

Recurring revenue streams represented 87% of total revenues at $21.6 million.