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Last C$0.32 CAD
Change Today -0.005 / -1.54%
Volume 16.6K
SY On Other Exchanges
As of 10:19 AM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

symbility solutions inc (SY) Snapshot

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52 Week High
12/8/14 - C$0.43
52 Week Low
06/18/14 - C$0.24
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Current Stock Chart for SYMBILITY SOLUTIONS INC (SY)

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symbility solutions inc (SY) Details

Symbility Solutions Inc. provides cloud-based and smartphone/tablet-enabled claims technology solutions for the property and casualty, and health insurance industries in Canada, the United States, and internationally. The company operates in two segments, Symbility Property and Symbility Health. Its solutions for property and casualty insurance industry include Symbility Mobile Claims, a field estimating solution to enhance adjuster and third-party contractor productivity; Symbility Claims Connect, a robust workflow management solution that enables end-to-end collaboration across the claims processing environment, and analysis of claims processing performance metrics; and Symbility Reporting/Analytics Services consists of analytics and change management services. The company also provides Adjudicare, a software-as-a-service solution used by a network of employee benefits brokers, third-party administrator partners, and plan members and sponsors in the adjudication of health and dental claims; UnionPro, a Web-based hour banking product, which provides unions a solution to track their members’ hour banking, benefit plan eligibility, and contribution data; and Symbility Health Claims Connect, a cloud-based workflow management tool that opens the lines of communication between third-party administrators, plan sponsors, plan members, and insurance carriers. In addition, it offers Symbility Health Mobile Claims, an application for benefit plan data and management, designed to run on personal computers and handheld devices; Symbility Health’s BenefitsXchange, a customized secure provider portal that offers access for service providers through configured user accounts; and member and plan administrator portals. The company was formerly known as Automated Benefits Corp. and changed its name to Symbility Solutions Inc. in September 2012. Symbility Solutions Inc. was incorporated in 1999 and is headquartered in Toronto, Canada.

117 Employees
Last Reported Date: 03/30/15
Founded in 1999

symbility solutions inc (SY) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$250.0K
Founder and Chief Technology Officer
Total Annual Compensation: C$200.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$200.0K
Chief Executive Officer of Symbility Health I...
Total Annual Compensation: C$225.0K
Senior Vice President of Global Sales & Marke...
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2013.

symbility solutions inc (SY) Key Developments

Symbility Solutions Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Symbility Solutions Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of CAD 6,949,000 against CAD 5,471,000 a year ago. Income before finance costs (income), net and income tax expense was CAD 257,000 against loss before finance costs (income), net and income tax expense of CAD 1,060,000 a year ago. Net income and comprehensive income for the period was CAD 225,000 against net loss and comprehensive loss for the period of CAD 1,032,000 a year ago. Adjusted EBITDA was CAD 1,078,000 against adjusted LBITDA of CAD 460,000 a year ago. Earnings per share was CAD 0.00 against loss per share of CAD 0.01 a year ago. For the year, the company reported revenue of CAD 27,805,000 against CAD 21,894,000 a year ago. Loss before finance costs (income), net and income tax expense was CAD 906,000 against loss before finance costs (income), net and income tax expense of CAD 4,791,000 a year ago. Net loss and comprehensive loss for the period was CAD 833,000 against net loss and comprehensive loss for the period of CAD 4,687,000 a year ago. Adjusted EBITDA was CAD 3,091,000 against adjusted LBITDA of CAD 137,000 a year ago. Loss per share was CAD 0.01 against loss per share of CAD 0.02 a year ago.

Symbility Solutions Inc., 2014 Earnings Call, Apr 01, 2015

Symbility Solutions Inc., 2014 Earnings Call, Apr 01, 2015

Symbility Solutions Introduces Business Intelligence and Desk Adjuster

Symbility Solutions Inc. announced the launch of new product modules and product enhancements to augment its existing claims estimating and management technology product suite. Symbility Business Intelligence, a new module available through Symbility's Claims Connect workflow management platform, provides a set of interactive tools that allow users at every level of an organization to quantify and analyze claims performance aspects relevant to their specific requirements. Symbility Business Intelligence offers users access to a wide range of interactive and customizable dashboards, report templates, comparative analyses against industry performance, as well as tools enabling detailed mining and export of claims data. With Symbility Business Intelligence, users can visualize, report on, and analyze their business' performance more efficiently and effectively than ever before. Symbility Desk Adjuster, a powerful addition to Symbility Claims Connect, enables centralized desk adjusting units to operate more effectively by using an optimized and web-based estimating interface. This module leverages a patent-pending, logic-based question and answer estimating methodology to establish a consistent, simplified and optimized desk adjusting process. Symbility Desk Adjuster helps companies maximize the effectiveness of their desk claims organization, creating scalability that was not previously possible while helping to accelerate claim cycle and improve policyholder satisfaction. Symbility's Assemblies, a new feature in Symbility Mobile Claims, brings an unparalleled level of accuracy and consistency to the estimating process while creating efficiencies over conventional macro and batch-based estimating methods. The Assemblies interface guides users through the estimating process by prompting them to answer questions specific to their estimate and repairs. These questions quickly adapt to meet the needs of almost any loss saving valuable time and improving accuracy.


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