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Absolute Software Corporation (T:ABT)

Business Focus: IT Services & Consulting

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Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1055 Dunsmuir Street, Suite 1600
VANCOUVER BC V7X 1K8
Tel: 1-416-8150700
Website: https://www.absolute.com
IR: See website
Key People
Daniel P. Ryan
Independent Chairman of the Board
Christy Wyatt
Chief Executive Officer, Director
Errol Olsen
Chief Financial Officer
Thomas Kenny
Executive Vice President, General Manager - Global Sales and Marketing
Dean Coza
Executive Vice President - Products
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 nine months ended 31 March 2019, Absolute Software revenues increased 6% to $73.6M. Net income before extraordinary items increased from $1.7M to $5.5M. Revenues reflect United States segment increase of 5% to $64.5M, Rest Of World segment increase of 14% to $7.7M. Net income benefited from Sales and marketing - Balancing value decrease of 9% to $27.1M (expense), R & D decrease of 11% to $13.3M (expense).
Employees: 495 as of Jun 30, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $281.20M as of Mar 31, 2019
Annual revenue (TTM): $127.61M as of Mar 31, 2019
EBITDA (TTM): $27.83M as of Mar 31, 2019
Net annual income (TTM): $10.31M as of Mar 31, 2019
Free cash flow (TTM): -$0.68M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 41,638,849 as of Jul 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization