Alithya Group Inc. Stock Price, News & Analysis

Alithya Group's Q3 2022 results show remarkable growth with revenues up 55.4% to $109.7 million, driven by strong performance across all geographies. Adjusted EBITDA increased by 97.0% to $4.5 million, with a net loss reduced to $3.5 million. The company's gross margin rose to $28.3 million, although as a percentage of revenue decreased to 25.8%. Q3 bookings reached $125.2 million, indicating a robust book-to-bill ratio of 1.14. Alithya remains optimistic about future growth, aiming for $600 million in revenue by the end of its three-year strategic plan.

Alithya Group (NASDAQ: ALYA) announced the successful implementation of Oracle Cloud ERP and HCM for NorthBay Healthcare on February 7, 2022. This integration aims to streamline core financials, supply chain, and human resource management systems. NorthBay Healthcare's CIO emphasized improvements in efficiency and productivity through automation. Alithya, a leader in digital transformation, has been a long-standing Oracle partner, showcasing its strength in providing technology solutions for the healthcare sector.

On February 1, 2022, G2 Capital Advisors announced its role as the exclusive financial advisor for Vitalyst in its sale to Alithya Group (NASDAQ: ALYA). Vitalyst, a technology services provider and Microsoft Gold Partner, supports over 400 clients globally. The acquisition aims to enhance Vitalyst's capacity for growth and customer satisfaction through Alithya's resources. This transaction highlights G2's strategy of aligning with market leaders within specialized industry sectors.

Alithya Group (TSX: ALYA) has acquired Vitalyst, LLC for up to US$50.2 million. Vitalyst, a Microsoft Gold Partner, enhances Alithya's digital adoption and change management capabilities, featuring its proprietary Adaptive Learning™ platform. The acquisition is expected to drive growth by tapping into the US$50 billion North American Learning and Development market, leveraging Vitalyst's strong Fortune 1000 client base. Alithya’s upfront cost is US$49.2 million plus a potential US$1 million earn-out. The deal aims to create high-margin, recurring revenue streams.

Alithya Group (TSX: ALYA, NASDAQ: ALYA) will announce its third quarter fiscal 2022 financial results on February 10, 2022. The results will cover the period ending December 31, 2021. A conference call for investors is scheduled for 9:00 a.m. Eastern Time, followed by a Q&A session. Financial statements and related documents will be available on Alithya's Investors page. The company is recognized for its expertise in digital transformation, employing 3,400 professionals across North America and Europe.

Alithya Group (TSX: ALYA) announces the launch of Alithya GoTest, a new test automation software designed for rapid test development using keywords. Developed by Alithya's experts, it performs various functional tests across software environments and enhances user experience. Market Research Future projects the quality assurance software market to reach USD 14 billion by 2025, growing at 9.6% CAGR. Senior leaders express confidence in GoTest's ability to meet regulatory compliance needs, particularly for telecommunications and insurance sectors.

Alithya Group (NASDAQ: ALYA) continues its partnership with Balchem Corporation (NASDAQ: BCPC) to implement Microsoft Dynamics 365 across multiple global locations. This initiative, ongoing since 2017, aims to consolidate Balchem's operations and enhance financial visibility. The implementation spans over 20 plants in four countries, transitioning from multiple ERP systems. Balchem, a leader in nutrition and health solutions, emphasizes the importance of this digital transformation for supporting growth and operational efficiency.

Alithya Group (TSX: ALYA) reported a remarkable 54% revenue growth in Q2 2022, reaching $105.3 million, compared to $68.4 million in the same period last year. Adjusted EBITDA soared by 511.2% to $5.0 million. Gross margin increased by 52% to $28.5 million, though as a percentage of revenue it slightly declined to 27%. The net loss improved to $2.8 million from $5.5 million. Strong bookings of $90.9 million indicate a solid outlook and integration of R3D Consulting is progressing well.

Alithya Group (TSX: ALYA, NASDAQ: ALYA) will announce its financial results for the second quarter of fiscal 2022, ending September 30, 2021, on November 11, 2021. The company will host a conference call at 8:00 a.m. ET, featuring a question and answer session for the financial community. Financial statements, MD&A, and a presentation will be accessible on Alithya's Investors page.