RestructuringAug 13, 2026, 07:22 AM
Alithya Initiates Strategic Review; Q1 Revenue Down 15.4%
AI Summary
Alithya Group inc. announced it has initiated a strategic review process to explore alternatives to maximize shareholder value, retaining Scotiabank as its financial advisor. This comes as the company reported a challenging first quarter for fiscal 2027, with revenues decreasing 15.4% to $105.1 million and a net loss of $2.4 million, compared to net earnings in the prior year. Adjusted EBITDA also saw a significant decline of 53.4% to $5.4 million.
Key Highlights
- Alithya initiated a strategic review process to maximize shareholder value.
- Scotiabank was retained as financial advisor for the strategic review.
- Q1-2027 revenues decreased 15.4% to $105.1 million from $124.2 million year-over-year.
- The company reported a net loss of $2.4 million, compared to net earnings of $0.2 million last year.
- Adjusted EBITDA decreased 53.4% to $5.4 million, with a margin of 5.2%.
- Q1 Bookings reached $89.0 million, resulting in a Book-to-Bill Ratio of 0.85.
- 3,328,472 Subordinate Voting Shares were purchased and cancelled under the NCIB.
- Datum Services was divested on March 31, 2026.
Price Impact
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