Canadian  legal software provider Dye & Durham's Q4 adjusted core profit jumps

By Reuters News


Overview

  • Canada legal software provider's Q4 revenue fell 1% yr/yr, up 4% excluding Credas disposal

  • Q4 adjusted EBITDA rose 15% yr/yr, up 18% excluding Credas disposal

  • Company recorded Q4 net loss of C$19.9 mln, improved from prior yr


Outlook

  • Company expects continued cost reductions through automation and consolidation in fiscal 2027

  • Dye & Durham says transition to a single global operating model is ongoing


Result Drivers

  • CREDAS DISPOSAL - Co said excluding impact of Credas disposal, revenue returned to growth and adjusted EBITDA improved


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

C$104.2 mln

Q4 Loss Per Share

C$0.32

Q4 Net Loss

C$19.9 mln

Q4 Adjusted EBITDA

C$55.1 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy."

  • Wall Street's median 12-month price target for Dye & Durham Limited is C$3.75, about 689.5% above its September 28 closing price of C$0.48


Reuters Recommended Reads

  • Sept 28 - Canada's Sangoma Q4 posts large net loss on goodwill impairment, inventory write-down

  • Sept 28 - UK's Checkit returns to EBITDA profit in H1 on higher recurring revenue, lower costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.