WeCommerce Holdings Ltd. (V:WE)
Business Focus: Software (NEC)
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | #101 - 524 Yates Street, Null VICTORIA BC V8W 1K8 |
| Tel: | 1-949-5743860 |
| Website: | https://www.wecommerce.co |
| IR: | See website |
| Key People | ||
| Alexander Persson Chief Executive Officer | David Charron Chief Financial Officer | Ben Moore Senior Vice President | Susan Min General Counsel, Company Secretary |
| Business Overview |
| WeCommerce Holdings Ltd. is a Canada-based company, which provides merchants with e-commerce software tools to start and grow their online stores. The Company invests in businesses who develop, sell, and support website themes and applications, as well as providing custom solutions, for clients on e-commerce platforms. Its brands include Pixel Union, Out of the Sandbox, KnoCommerce, Archetype, Yopify, SuppleApps, Rehash, Foursixty and Stamped. The Company operates through three segments: Apps, Themes, and Agency. Its Apps segment helps merchants build their businesses, integrate with off-platform services, and add features to their online stores. Its Themes segment offers designs and layouts which allow a merchant to customize the appearance of their online store. In the Agency segment, customers hire a portfolio company as their design agency to create or modify their business websites. Its subsidiaries include WeCommerce Operations Ltd. and Pixel Union Design Ltd., among others. |
| Financial Overview |
| For the nine months ended 30 September 2022, WeCommerce Holdings Ltd revenues increased 34% to C$35.2M. Net loss increased from C$5M to C$10.2M. Revenues reflect Apps segment increase of 52% to C$22.8M, Themes segment increase of 39% to C$9.8M. Higher net loss reflects Staff increase of 78% to C$17.8M (expense), Foreign exchange loss increase from C$1.4M to C$4.5M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $202.21M as of Sep 30, 2022 |
| Annual revenue (TTM): | $47.42M as of Sep 30, 2022 |
| EBITDA (TTM): | $5.19M as of Sep 30, 2022 |
| Net annual income (TTM): | -$6.08M as of Sep 30, 2022 |
| Free cash flow (TTM): | $10.76M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | $40.08M as of Sep 30, 2022 |
| Shares outstanding: | 41,616,589 as of Jan 17, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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