Computer Modelling Group Ltd. reported weaker first-quarter fiscal 2027 results, with revenue down 6% year over year to $27.8 million, adjusted EBITDA falling 10% to $6.4 million, earnings per share halving to $0.02 and free cash flow declining 22% to $3.5 million. Alongside the results, the board approved a substantial issuer bid to repurchase up to C$20 million of common shares through a modified Dutch auction at C$4.00 to C$4.50 per share, expected to run from Aug. 14 to Sept. 21, 2026, subject to required exemptive relief under securities laws. The company also declared a C$0.01-per-share dividend payable Sept. 15, 2026, to shareholders of record on Sept. 4. CMG said recurring revenue should rise sequentially in the second quarter because of a heavier renewal cycle, while professional services revenue, adjusted EBITDA and margins are expected to decline sequentially; for fiscal 2027 it maintained expectations for stable organic recurring revenue, no decline in adjusted EBITDA and improved free cash flow, while updating its professional services revenue outlook to a $6 million to $7 million decline from fiscal 2026.