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Absolute Software Corporation (T:ABST)

Business Focus: IT Services & Consulting (NEC)

Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1055 Dunsmuir Street, Suite 1400
VANCOUVER BC V7X 1K8
Tel: 1-212-8686760
Website: https://www.absolute.com
IR: See website
Key People
Christy May Wyatt
President, Chief Executive Officer, Director
Steven H. Gatoff
Chief Financial Officer
Mark Grace
Executive Vice President, Channel & Revenue Operations
William Morris
Executive Vice President - Product Development
Maninder Malli
Senior Vice President, Legal & Corporate Secretary
Edward Choi
Senior Vice President - Global Alliances
Nicholas Van Someren
Chief Technology Officer
Dianne Lapierre
Chief Information Officer
Matthew Schoenfeld
Chief Revenue Officer
Business Overview
Absolute Software Corporation is a Canada-based software company. The Company is engaged in the development, marketing, and provision of software services that support the management and security of computing devices, applications, data, and networks for a variety of organizations in various global territories. Its Absolute platform is a cloud-based endpoint visibility and control solution that allows users to see all their devices and applications, secure their data, and prove compliance. Its solutions are offered in specific versions for the enterprise and government, and education verticals. Its products include Absolute Visibility, Absolute Control and Absolute Resilience. Its NetMotion offers a network-centric security platform, combining enterprise virtual private network (VPN), Zero-Trust Network Access (ZTNA), and Digital Experience Monitoring (DEM) on a unified platform for enterprises with a distributed workforce.
Financial Overview
For the nine months ended 31 March 2022, Absolute Software Corp revenues increased 63% to $144.8M. Net loss totaled $19.1M vs. income of $6.7M. Revenues reflect Cloud services segment increase of 66% to $137.5M, Professional services segment increase from $138K to $1.1M, United States segment increase of 51% to $112.5M, Rest Of World segment increase from $12.9M to $29.7M. Dividend per share remained flat at $0.19.
Employees: 535 as of Jun 30, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $412.89M as of Mar 31, 2022
Annual revenue (TTM): $227.55M as of Mar 31, 2022
EBITDA (TTM): $26.38M as of Mar 31, 2022
Net annual income (TTM): -$28.55M as of Mar 31, 2022
Free cash flow (TTM): $37.30M as of Mar 31, 2022
Net Debt Last Fiscal Year: $269.57M as of Mar 31, 2022
Shares outstanding: 51,038,332 as of Apr 20, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization