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Lingo Media Corporation (V:LM)

Business Focus: Book Publishing

Sector:  Consumer Cyclicals Industry:  Consumer Publishing
See Regulatory Filings on SEDAR
Company Contact
Address: 151 Bloor St W Suite 703
Tel: 1-416-92770000
IR: See website
Key People
Michael P. Kraft
Chairman of the Board
Gali Bar-ziv
President, Chief Executive Officer, Director
Khurram R. Qureshi
Chief Financial Officer
Business Overview
Lingo Media Corporation is a Canada-based EdTech company. The Company develops and markets English language learning products and services to the learners of English. The Company is focused on online and print-based technologies and solutions through its two distinct business units: ELL Technologies Ltd. (ELL Technologies) and Lingo Learning Inc. (Lingo Learning). ELL Technologies provides online training and assessment for language learning. Lingo Learning is a print-based publisher of English language learning school programs in China. Its subsidiaries include Vizualize Technologies Corporation, Speak2Me Inc., and Parlo Corporation.
Financial Overview
For the six months ended 30 June 2021, Lingo MediaCorp revenues increased 10% to C$1.2M. Net income decreased66% to C$288K. Revenues reflect an increase in demand forthe Company's products and services due to favorable marketconditions. Net income was offset by Selling/General/AdminExpense increase from C$356K (income) to C$518K (expense),Int exp on Financial Lease Liabilities increase of 42% toC$31K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.54M as of Jun 30, 2021
Annual revenue (TTM): $2.21M as of Jun 30, 2021
EBITDA (TTM): $0.57M as of Jun 30, 2021
Net annual income (TTM): $0.54M as of Jun 30, 2021
Free cash flow (TTM): $0.13M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 35,529,192 as of Aug 26, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization