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LifeSpeak Inc. (T:LSPK)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEDAR
Company Contact
Address: 49 Wellington St E Suite 301
Tel: N/A
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 a platform for mental health and total wellbeing education for organizations committed to taking care of their employees and customers. Its 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 platform is designed to help organizations address the demand for mental health and total wellbeing support from their employees and customers on topics ranging from depression, to stress management, to child- and eldercare issues, and to physical wellbeing. It serves insurance firms, global banks, government-run healthcare systems, global manufacturers, pharmaceutical companies, professional service firms, non-profit entities, healthcare providers, and various others. It has two categories of clients, which include enterprise clients and clients of its embedded solutions.
Financial Overview
For the six months ended 30 June 2022, Lifespeak Inc revenues increased 98% to C$20.8M. Net loss totaled C$22.8M vs. income of C$598K. Revenues reflect United States segment increase from C$276K to C$11.3M, Canada segment increase of 81% to C$9.6M. Net loss reflects Restructuring and other costs increase from C$915K to C$9.7M (expense), Employee compensation in GA increase from C$1.6M to C$7M (expense).
Employees: 101 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $91.72M as of Jun 30, 2022
Annual revenue (TTM): $33.61M as of Jun 30, 2022
EBITDA (TTM): -$13.60M as of Jun 30, 2022
Net annual income (TTM): -$49.73M as of Jun 30, 2022
Free cash flow (TTM): -$26.97M as of Jun 30, 2022
Net Debt Last Fiscal Year: $77.30M as of Jun 30, 2022
Shares outstanding: 50,840,362 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization