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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
Tel: N/A
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