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LifeSpeak Inc. (T:LSPK)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
 
Company Contact
Address: 49 Wellington St E Suite 301
TORONTO ON M5E 1C9
Tel: N/A
Website: https://lifespeak.com
IR: See website
Key People
Nolan Bederman
Executive Chairman of the Board
Michael Held
President, Chief Executive Officer, Founder, Director
Michael Mckenna
Chief Financial Officer, Secretary
Stewart Doma
Director - Finance, Treasurer
Stanley Bergman
Managing Director - Sales
 
Business Overview
LifeSpeak Inc. is a software-as-a-service provider of digital mental, physical, and total wellbeing resources through the Company's software-as-a-service platforms, utilizing content developed by the Company. It provides a whole-person wellbeing solution for employers, health plans, and other organizations. The Company's portfolio of solutions includes LifeSpeak Mental Health & Resilience, LIFT session Fitness, ALAViDA Substance Use, Torchlight Parenting & Caregiving, and Wellbeats Wellness. The Company's solutions include digital mental health learning resources; physical wellbeing resources; caregiver support resources, and digital cognitive behavioral therapy (CBT) health solutions for substance use disorders (SUD). Its digital fitness platform, delivered through its Wellbeats and LIFT session brands, is designed to promote employees' physical health by offering an on-demand workout library, automated and live sessions in areas, including general fitness, mindfulness, and cardio.
Financial Overview
For the six months ended 30 June 2023, Lifespeak Inc revenues increased 27% to C$26.6M. Net loss decreased 70% to C$6.6M. Revenues reflect United States segment increase of 49% to C$16.7M, Canada segment increase of 3% to C$9.8M. Lower net loss reflects Acquisition and other costs decrease from C$7.7M (expense) to C$0K, Share-based compensation decrease of 51% to C$2.9M (expense).
Employees: 158 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $108.51M as of Jun 30, 2023
Annual revenue (TTM): $53.08M as of Jun 30, 2023
EBITDA (TTM): $4.64M as of Jun 30, 2023
Net annual income (TTM): -$31.71M as of Jun 30, 2023
Free cash flow (TTM): $7.12M as of Jun 30, 2023
Net Debt Last Fiscal Year: $80.17M as of Jun 30, 2023
Shares outstanding: 50,842,573 as of Jun 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization