Welcome to our dedicated page for Logility Supply Chain Solutions news (Ticker: LGTY), a resource for investors and traders seeking the latest updates and insights on Logility Supply Chain Solutions stock.
This page provides a historical news archive for Logility Supply Chain Solutions, Inc. (formerly Nasdaq: LGTY), an Atlanta-based software company that described itself as an AI-first supply chain management and supply chain planning provider. The news flow around LGTY captures both the company’s operational updates and the corporate events that led to its acquisition by Aptean, Inc.
In the archive, readers can find announcements about Logility’s agreement to be acquired by Aptean in an all-cash transaction, the subsequent shareholder approval, and the April 4, 2025 announcement confirming closing of the deal and the delisting of Logility’s common stock from The Nasdaq Global Select Market. These items document the transition of Logility from a public company to part of a privately held enterprise software group.
The coverage also includes Logility’s quarterly financial results, where the company reported on subscription fees, license fees, professional services and other revenues, and maintenance revenues, as well as non-GAAP measures such as EBITDA and adjusted EBITDA. Additional releases highlight initiatives like the Vision25 executive series for supply chain leaders, the Reimagine Client Awards recognizing client achievements in areas such as resiliency and AI-driven insights, and product-focused announcements such as the launch of Continuous Network Optimization within its AI-first supply chain platform.
For investors and researchers, this news history offers insight into how Logility positioned its AI-driven supply chain solutions, engaged with clients and industry leaders, and navigated strategic alternatives that culminated in its acquisition. Bookmark this page to reference the full sequence of public announcements related to LGTY’s operations, strategy, and corporate transactions during its time as a listed company.
Logility Supply Chain Solutions (NASDAQ: LGTY) has announced important tax information regarding its 2024 distributions. The company has determined that certain distributions made during 2024 will be classified as return of capital (non-dividend) distributions, which will impact shareholders' tax basis in their shares. To help investors with tax reporting requirements, the company has posted Form 8937 (Report of Organizational Actions Affecting Basis of Securities) in the Investor Relations section of their website. Shareholders are advised to consult their tax advisors about potential impacts on their 2024 taxes.
Logility Supply Chain Solutions (NASDAQ: LGTY) has addressed recent market rumors and media reports.
The company reiterated its policy of not commenting on market rumors or speculation.
Logility Supply Chain Solutions (NASDAQ: LGTY) issued a statement in response to a letter from 2717 Partners, LP dated December 9, 2024. The Company emphasized its commitment to executing its business strategy and delivering industry-leading supply chain planning services. Logility's Board of Directors and management routinely review business and strategic directions to ensure they are on the best path to enhance shareholder value.
2717 Partners, a significant shareholder of Logility Supply Chain Solutions (NASDAQ: LGTY), has sent a letter to the company's Board calling for exploration of strategic alternatives, including a potential sale. The letter highlights Logility's persistent underperformance compared to peers, with negative returns of -0.8%, -55.4%, and -81.5% over 1-, 2-, and 3-year horizons.
The investor criticizes Logility's operational efficiency, noting that less than 10% of the sales force hit quota in FY2024. Despite positive aspects like ~36% CAGR subscription revenue growth from FY2018 to FY2024 and being ranked as a Leader in Gartner's Magic Quadrant, 2717 Partners believes the company would perform better as a private entity, suggesting potential Adjusted EBITDA margins of 30-40% under private ownership.
Logility has announced two new AI-native capabilities to enhance supply chain execution. The first, Intelligent Order Response, automates order allocation and optimization, addressing demand-supply imbalances. The second, an enhancement to Continuous Network Optimization, offers AI-powered recommendations for supply chain adjustments. Both features will be available in Spring 2025. These solutions aim to improve business outcomes, reduce logistics fees, and enhance customer satisfaction by eliminating manual processes and rigid allocation rules. Logility's AI-first approach empowers decision-makers with accelerated insights and prescriptive decision recommendations.
Logility (NASDAQ: LGTY) reported Q2 FY2025 results with subscription fees growing 9% to $14.5 million. Total revenues decreased 2% to $25.3 million due to lower services and maintenance revenue. Operating earnings declined 16% to $1.0 million. The company maintained its recurring revenue guidance of $87.0-89.0 million and Adjusted EBITDA guidance of $15.0-16.4 million, but revised total revenue guidance to $101.0-105.0 million due to project delays. GAAP net earnings from continuing operations were $1.7 million ($0.05 per share). The company completed a reclassification of common stock, eliminating Class B shares, and maintains a strong financial position with $84.2 million in cash and investments.
Logility (NASDAQ: LGTY), an AI-first supply chain planning software company, has announced a quarterly dividend of $0.11 per share. The dividend will be paid to common shareholders who are on record as of February 7, 2025, with the payment scheduled for February 21, 2025.
Logility Supply Chain Solutions (NASDAQ: LGTY) has announced it will release its second quarter fiscal year 2025 financial results after U.S. market close on Thursday, November 21, 2024. The company will host a conference call at 5:00 pm ET on the same day to discuss results with the investment community. The earnings call will be accessible via webcast through the company's investor relations webpage, with a replay option available.
Logility, an AI-first supply chain planning software provider, has received outstanding recognition in the 2024 Gartner Peer Insights Voice of the Customer report, achieving a 4.8/5 stars rating based on 36 reviews and a 94% willingness to recommend score. The company's success is attributed to its innovative AI-first solutions, customer satisfaction, and reliable support services. Customer testimonials highlight the platform's reliability, ease of configuration, and impact on organizational operations. Logility was also positioned as a Leader in the 2024 Gartner Magic Quadrant for Supply Chain Planning Solutions, leveraging narrow AI, generative AI, and predictive analytics to enhance supply chain resilience.