Sector: Technology | Industry: Software |
Company Contact | |
Address: | 400 - 369 Terminal Avenue VANCOUVER BC V6A 4C4 |
Tel: | N/A |
Website: | https://www.thinkific.com |
IR: | See website |
Key People | ||
Steve Krenzer President, Director | Greg Smith Chief Executive Officer, Co-Founder, Director | Miranda Lievers Co-Founder, Chief Operating Officer |
Matthew Smith Co-Founder, Chief Strategy Officer | Corinne Hua Chief Financial Officer | Chris Mcguire Chief Technology Officer |
Business Overview |
Thinkific Labs Inc. is a Canada-based company that offers a software platform that enables entrepreneurs to create, market, sell, and deliver their own online courses. The Company operates primarily in one segment, which being the development, marketing and support management of the Company's cloud-based platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses (Creators) to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that Creators can create, sell and deliver using its platform. Its features include creating courses, building websites to market client's business, generating income by selling, engaging with learning community, and grow and scale their business. |
Financial Overview |
For the fiscal year ended 31 December 2023, Thinkific Labs Inc revenues increased 15% to $59.1M. Net loss decreased 73% to $9.8M. Revenues reflect United States segment increase of 16% to $30.6M, Rest of World segment increase of 11% to $21.3M. Lower net loss reflects Research and de decrease of 34% to $17.3M (expense), Sales and marketing - Balancing value decrease of 24% to $18.9M (expense). |
Employees: | 269 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $165.76M as of Dec 31, 2023 |
Annual revenue (TTM): | $80.67M as of Dec 31, 2023 |
EBITDA (TTM): | -$12.65M as of Dec 31, 2023 |
Net annual income (TTM): | -$13.36M as of Dec 31, 2023 |
Free cash flow (TTM): | -$7.44M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 81,214,011 as of Mar 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |