VerticalScope Holdings Inc. (T:FORA)
Business Focus: Software (NEC)
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 111 Peter Street, Suite 600 Toronto ON M5V 2H1 |
| Tel: | N/A |
| Website: | https://www.verticalscope.com |
| IR: | See website |
| Key People | ||
| Rob Laidlaw Chairman of the Board, Chief Executive Officer | Christopher M. Goodridge President, Chief Operating Officer | Vincenzo Bellissimo Chief Financial Officer |
| Brandon Seibel Chief Technology Officer | Paul Kisoo Lee Chief Product Officer | Joe Pishgar Chief Community Officer | Diane Yu Corporate Secretary, Chief Legal Officer |
| Business Overview |
| VerticalScope Holdings Inc. is a technology company. The Company is engaged in building and operating a cloud-based digital platform for online communities. The Company helps people with common interests to connect, explore their passions and share knowledge about the things they love. The Company has built a portfolio of approximately 1,200 online communities and over 90 million monthly active users. It has communities of interests in automotive, outdoor, power sports, home, health and technology. It offers services, including influencers/enthusiasts, lifestyle videos, why-buy videos, list videos, written content and distribution. The Company also has a particular interest in purchasing online communities in various consumer categories. Its flagship Alloutdoor content site is home to passionate outdoor enthusiasts who share their experiences, discuss gear and research product purchases on everything from fishing, to hunting to camping and more. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, VerticalScope Holdings Inc revenues decreased 24% to $60.9M. Net loss decreased 80% to $5M. Revenues reflect E-commerce segment decrease of 57% to $10.9M, Digital advertising segment decrease of 9% to $50M, US segment decrease of 22% to $37.9M, Other segment decrease of 28% to $13.4M. Lower net loss reflects Amortization decrease of 46% to $20.3M (expense). |
| Employees: | 304 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $236.65M as of Dec 31, 2023 |
| Annual revenue (TTM): | $83.75M as of Dec 31, 2023 |
| EBITDA (TTM): | $25.21M as of Dec 31, 2023 |
| Net annual income (TTM): | -$6.81M as of Dec 31, 2023 |
| Free cash flow (TTM): | $18.25M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $76.34M as of Dec 31, 2023 |
| Shares outstanding: | 21,624,305 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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