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Tag: ALYA Stock Price

  • Why Alithya Group Inc. (ALYA) stock plummeted on Friday?

    Alithya Group Inc. (ALYA) shares slid down 7.41% in after-hours on Friday, June 25, 2021, and closed the week at $2.50 per share. Earlier in the morning session on Friday, ALYA’s stock lost 0.37% to close Friday’s session at $2.71. ALYA shares have risen 66.26% over the last 12 months, and they have moved down 1.45% in the past week. Over the past three months, the stock has gained 4.23%, while over the past six months, it has declined 24.88%.

    Participation at the upcoming ODTUG Kscope21 Virtual Event

    On June 21, 2021, Alithya Group inc announced that it will participate in the ODTUG Kscope21 Virtual Event, a global conference focused on education within the Oracle user group community.

    The ODTUG Kscope21 Virtual Event is scheduled for June 1 to July 21, 2021, and will cover a wide variety of Oracle technical content topics and will include sessions with real-world solutions, expert panel discussions, live presentations, Q&A sessions, and much more.

    New BénéClic Application

    On June 14, 2021, Alithya Group Inc. launched BénéClic, which is a new mobile application that improves accessibility and connection between volunteers and sick children at Centre Hospitalier Universitaire (CHU) Sainte-Justine, one of the four most important pediatric centres in North America.

    Alithya was approached by CHU Sainte-Justine for a user-friendly mobile app that would streamline what was previously a lengthy process.

    Recent financial results announcement

    On June 10, 2021, Alithya Group Incdisclosed its financial results for its fourth quarter and fiscal 2021, which ended March 31, 2021.

    Q4 2021 financial highlights

    • Alithya Group reported revenue of $78 million for Q4 2021, compared to C$73.2 million in Q4 2020.
    • For Q4 2020, gross profit was $23.5 million compared to C$20.9 million in Q4 2020.
    • Adjusted EBITDA was C$3.3 million for Q4 2021 compared to C$2 million in Q4 2021.
    • The company suffered a net loss of C$2.5 million (-C$0.04 per share) in Q4 2021, compared to a loss of C$34 million (-C$0.59 per share) in Q4 2020.

    FY2021 financial highlights

    • The company earned a revenue of $287.6 million in FY 2021 compared to $279.0 million for fiscal 2020.
    • The gross profit margin was 28.9% for FY 2021 compared to 29.7% for FY 2020.
    • Adjusted EBITDA was 6 million in FY 2021 compared to $11.8 million in FY 2020.
    • The company suffered a net loss of $17.3 million, or $0.30per share in FY 2021 compared to a net loss of $39.7 million, or $0.70 per share in FY 2020.

    Conclusion

    Well, as of this writing, there is no negative news or development which could justify its loss on Friday. we hope that ALYA stock will start the new week in a positive mode.

  • Alithya Group Inc (ALYA) stock soared in the current market; here’s why

    Alithya Group Inc (ALYA) stock soared in the current market; here’s why

    Alithya Group Inc (NASDAQ: ALYA) stock price movement ended on the last session at $2.45. It recently traded at $2.36 which is a 4.08% drop in the ALYA stock’s price. The current market surge caused more than a 15.74%% positive movement in the stock price.

    The recent surge in the ALYA stock comes possibly due to investors reacting to the news of Alithya Group Inc.’s (ALYA) acquisition of a private Quebec firm- R3D Conseil.

    Insight on Alithya’s operational bases and company background

    Alithya Group Inc (ALYA) is an information technology company specifically for strategy and digital transformation company. It is considered the North American leading IT Company for its field. The company has a workforce population of 2,200 professionals. ALYA’s operational base and services portfolio consist of business solutions, business analytics, application services, and business strategies.

    ALYA implies a set of adaptable and moldable strategies, tools, and solutions to meet up the customized needs of customers. These services range in a plethora of fields consisting of manufacturing, financial services, healthcare, government, logistics, and professional services.

    Acquisition of R3D ConseilInc by Alithya Group Inc.

    R3D is also an IT company that provides consultation to its clients for integrating their business models with IT services and sector.

    The acquisition transaction between the two companies is a definitive agreement that will consist of a volume commitment of C$600 million as an annual minimum. These volume commitments were made by R3D Conseil’s indirect shareholders known as Quebecor and Beneva during the initial 10-year term commercial agreements.

    Why this acquisition transaction is significant for ALYA stock

    Paul Raymond, Chief Executive Officer announced the detailed framework of this transaction. Acquisition will allow for 600 experienced Quebec-based professionals to work with Alithya (ALYA). These specialists will be working specifically in consultation and digital application development in the above described operational portfolios of ALYA.

    Along with these 600 existing clients of R3D, there will be 350 more jobs added in Quebec for Digital Transformation Experts that will tag along in the telecommunications and insurance sector. Furthermore, Quebecor and Beneva will now be official business partners of the merged Alithya Group Inc. (ALYA) and each will hold 11.9% Alithya’s share capital.

    The transaction of this acquisition is expected to be finalized and closed during the end of the first financial quarter of 2022. This acquisition will bring together 2 main shareholders/investors as well as 2 leading IT solution companies together. ALYA has yet to announce how it plans to expand its operational fundamentals considering that it is adding into its workforce an arsenal of 600 Quebec-based IT experts.