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 VICTORIA BC V8W 1K8 |
| Tel: | N/A |
| Website: | https://www.wecommerce.co |
| IR: | See website |
| Key People | ||
| Chris Sparling Chairman of the Board | Alex Persson Chief Executive Officer | David Charron Chief Financial Officer |
| Susan Min General Counsel, Company Secretary | Jordan Taub Director of Corporate Development | |
| Business Overview |
| WeCommerce Holdings Ltd., formerly Brachium Capital Corp., is a Canada-based holding company. The Company, through its subsidiaries, is engaged in the developing, selling, and supporting Website themes and applications (Apps) as well as providing custom solutions through its Agency segment, for clients on e-commerce platforms such as Shopify. The Company's brands include Pixel Union, Out of the Sandbox, Archetype, Yopify, SuppleApps, Rehash, Foursixty and Stamped. The Company operates in three segments: Themes, Apps, and Agency. Themes offer a range of designs and layouts, which allows a merchant to customize the appearance of their online store. Its Apps helps merchants to develop their businesses, integrate with off-platform services and add features to their online stores. In the Agency segment, customers hire a portfolio company as their design agency to create or modify their business websites. |
| Financial Overview |
| For the nine months ended 30 September 2021,WeCommerce Holdings Ltd revenues increased from C$5.9M toC$26.3M. Net loss totaled C$5M vs. income of C$457K.Revenues reflect Recurring subscription revenue increasefrom C$2.1M to C$15M, Digital goods revenue increase fromC$2.6M to C$7M, Agency service revenue increase from C$1.3Mto C$4.3M. Net loss reflects Staff increase from C$2.7M toC$10M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $480.86M as of Sep 30, 2021 |
| Annual revenue (TTM): | $32.20M as of Sep 30, 2021 |
| EBITDA (TTM): | $4.41M as of Sep 30, 2021 |
| Net annual income (TTM): | -$10.72M as of Sep 30, 2021 |
| Free cash flow (TTM): | $5.06M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | $36.67M as of Sep 30, 2021 |
| Shares outstanding: | 39,829,348 as of Jan 11, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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