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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: N/A
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 global EdTech company. By integrating education and technology, the Company empowers English language educators to easily transition from traditional teaching methods to digital learning. The Company provides both online and print-based solutions through two business units: ELL Technologies and Lingo Learning. ELL Technologies provides online training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China. The Company is extending its global reach, with a presence in Latin America and China.
Financial Overview
For the three months ended 31 March 2020, Lingo Media Corp revenues decreased 13% to C$97K. Net income totaled C$234K vs. loss of C$315K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Share-based payments decrease of 82% to C$5K (expense), Development costs decrease of 13% to C$50K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.91M as of Mar 31, 2020
Annual revenue (TTM): $1.94M as of Mar 31, 2020
EBITDA (TTM): $1.17M as of Mar 31, 2020
Net annual income (TTM): $0.71M as of Mar 31, 2020
Free cash flow (TTM): $0.89M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 35,529,192 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization