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Absolute Software Corporation (T:ABT)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 1055 Dunsmuir Street, Suite 1600
Tel: 1-416-8150700
IR: See website
Key People
Daniel P. Ryan
Independent Chairman of the Board
Christy May Wyatt
Chief Executive Officer, Director
Leigh Ramsden
Interim Chief Financial Officer
Thomas Kenny
Executive Vice President, General Manager - Global Sales and Marketing
Dean Coza
Executive Vice President - Products
Dianne Lapierre
Chief Information Officer
Todd Chronert
Vice President - Americas Sales
Christopher S. Bolin
Chief Product Officer
Sean Maxwell
Chief Commercial Officer
Business Overview
Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones. The Company's solutions are delivered in a software as a service (SaaS) business model. The Company's solutions and technology include Absolute Data and Device Security (Absolute DDS), which enables customers to secure endpoints, asses risk and respond to security threats; Persistence Technology, and Persistence Services. The Company's Absolute DDS enables customers to monitor the security posture of their computing endpoints and respond to security threats. With Absolute DDS, customers can define security alerts based on changes in device attributes, such as software, data, hardware and users.
Financial Overview
For the six months ended 31 December 2019, Absolute Software revenues increased 6% to $51.5M. Net income increased from $3M to $6.2M. Revenues reflect Cloud services segment increase from $22.5M to $47.4M, Managed professional services segment increase from $888K to $2M, United States segment increase of 4% to $44.2M, Rest Of World segment increase of 23% to $6.2M. Net income benefited from R & D decrease of 16% to $7.4M (expense).
Employees: 477 as of Jun 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $375.01M as of Dec 31, 2019
Annual revenue (TTM): $135.06M as of Dec 31, 2019
EBITDA (TTM): $37.47M as of Dec 31, 2019
Net annual income (TTM): $14.37M as of Dec 31, 2019
Free cash flow (TTM): $0.61M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 42,301,304 as of Jan 15, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization