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Originally Posted by MissHReads
It was fine for me yesterday evening. Then this morning it synched (firmware number didn't change) and now all progress is gone.
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Again, not the behaviour I am seeing. My devices are showing stats for books finished before firmware 4.7.10413.
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I am torn between waiting on an update from Kobo and hoping it'll be magically restored like last time when everything went haywire, or reverting to an older software version and taking jan. 1st as a start of my new reading life 
edit: I've installed 4.6.10075 and that is working fine, recording my reading time as well. Ah well.
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If the reading stats are important to you, then this is your only choice. Plus, you might want to do the patch JSWolf suggested.