Logility Reports 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
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
for the quarter ended January 31, 2025, a$14.8 million 5% increase compared to for the same period of the prior year.$14.1 million -
Recurring revenue streams for Maintenance and Subscription fees were
or$21.6 million 87% of total revenues in the quarter ended January 31, 2025 compared to or$21.8 million 86% of total revenues in the same period of the prior year. -
Total revenues for the quarter ended January 31, 2025 decreased
2% to , compared to$25.0 million for the same period of the prior year, principally due to a decrease in services and maintenance revenue.$25.5 million -
Maintenance revenues for the quarter ended January 31, 2025 decreased
12% to compared to$6.8 million for the same period last year due to client conversions to the cloud and churn.$7.7 million -
Professional services and other revenues for the quarter ended January 31, 2025 decreased
21% to for the quarter ended January 31, 2025 compared to$2.7 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.$3.4 million -
Software license revenues were
for the quarter ended January 31, 2025 compared to$0.7 million in the same period last year.$0.3 million -
Operating (loss)/earnings for the quarter ended January 31, 2025 were a loss of
( compared to a gain of$3.5) million for the same period last year due to one-time charges for the Starboard acquisition-related items and the Aptean transaction.$0.8 million -
U.S. Generally Accepted Accounting Principle (“GAAP”) net loss from continuing operations for the quarter ended January 31, 2025 was( or ($2.8) million ) per fully diluted share compared to net income of$0.08 or$4.2 million per fully diluted share for the same period last year.$0.12 -
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
or$4.7 million per fully diluted share compared to$0.14 or$6.3 million per fully diluted share for the same period last year.$0.19 -
EBITDA from continuing operations was a loss of
( 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.$2.4 million -
Adjusted EBITDA from continuing operations increased
7% to for the quarter ended January 31, 2025 compared to$4.3 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.$4.0 million
Key Fiscal 2025 Year to Date Financial Highlights from Continuing Operations:
-
Subscription fees were
for the nine months ended January 31, 2025, a$44.1 million 7% increase compared to for the same period last year, while Software license revenues were$41.2 million compared to$1.0 million for the same period last year.$0.8 million -
Recurring revenue streams for Maintenance and Subscription fees were
and$65.3 million or$65.2 million 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
compared to$76.5 million for the same period last year.$77.1 million -
Maintenance revenues for the nine months ended January 31, 2025 were
, a$21.2 million 12% decrease compared to for the same period last year partially due to the divestiture of the Transportation group in November 2023 and client conversions to the cloud.$24.0 million -
Professional services and other revenues for the nine months ended January 31, 2025 decreased
8% to compared to$10.2 million for the same period last year.$11.1 million -
For the nine months ended January 31, 2025, the Company reported earnings (loss) from continuing operations of approximately
( compared to earnings of$0.6) million for the same period last year.$3.4 million -
GAAP net earnings from continuing operations were approximately
or$1.0 million per fully diluted share for the nine months ended January 31, 2025 compared to$0.03 or$7.4 million per fully diluted share for the same period last year.$0.22 -
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
or$9.2 million per fully diluted share, compared to$0.28 or$13.3 million per fully diluted share for the same period last year.$0.39 -
EBITDA from continuing operations was
for the nine months ended January 31, 2025 compared to$2.9 million for the same period last year.$7.1 million -
Adjusted EBITDA from continuing operations increased
10% to for the nine months ended January 31, 2025 compared to$13.0 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.$11.8 million
The overall financial condition of the Company remains strong, with cash and investments of approximately
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
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
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 |
|||||||||||||
|
|||||||||||||
(3) - In relation to the Reclassification Agreement, the |
|||||||||||||
|
|||||||||||||
(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 |
- |
|
|
|
|||
Discontinued Operations | nm | nm | nm |
|
|||
Consolidated Operations |
- |
|
|
|
|||
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.