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Complete financial analysis of Thinkific Labs Inc. (THNCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Thinkific Labs Inc., a leading company in the Software – Application industry within the Technology sector.
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Thinkific Labs Inc. (THNCF)
About Thinkific Labs Inc.
Thinkific Labs Inc. develops, markets, and supports cloud-based platform in Canada, the United States, and internationally. The company's platform enables entrepreneurs and established businesses to create, market, sell, and deliver online courses and other learning products. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 59.05M | 51.48M | 38.12M | 21.07M | 9.80M | 6.00M |
| Cost of Revenue | 14.49M | 12.36M | 8.90M | 4.45M | 2.04M | 1.17M |
| Gross Profit | 44.56M | 39.11M | 29.21M | 16.62M | 7.75M | 4.83M |
| Gross Profit Ratio | 75.46% | 75.98% | 76.64% | 78.87% | 79.15% | 80.52% |
| Research & Development | 19.47M | 27.45M | 19.45M | 6.34M | 2.62M | 1.79M |
| General & Administrative | 14.92M | 16.94M | 13.94M | 4.25M | 2.12M | 1.08M |
| Selling & Marketing | 20.77M | 25.67M | 20.13M | 7.50M | 2.71M | 1.64M |
| SG&A | 35.69M | 42.61M | 34.07M | 11.74M | 4.83M | 2.72M |
| Other Expenses | 2.94M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 58.10M | 70.06M | 53.52M | 18.09M | 7.45M | 4.50M |
| Cost & Expenses | 72.60M | 82.42M | 62.42M | 22.54M | 9.49M | 5.67M |
| Interest Income | 3.48M | 1.37M | 0.00 | 1.43K | 210.79 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 28.51K | 9.28K | 0.00 |
| Depreciation & Amortization | 1.37M | 1.15M | 675.33K | 508.57K | 259.17K | 155.96K |
| EBITDA | -9.26M | -30.44M | -23.88M | -988.96K | 567.91K | 479.97K |
| EBITDA Ratio | -15.68% | -44.37% | -55.92% | -5.67% | 5.80% | 7.87% |
| Operating Income | -13.54M | -33.23M | -24.31M | -1.47M | 307.13K | 324.01K |
| Operating Income Ratio | -22.93% | -64.56% | -63.77% | -6.99% | 3.14% | 5.40% |
| Total Other Income/Expenses | 3.76M | -3.19M | -2.07M | 178.92K | -16.57K | -87.71K |
| Income Before Tax | -9.78M | -36.42M | -26.38M | -1.29M | 290.55K | 236.30K |
| Income Before Tax Ratio | -16.56% | -70.75% | -69.20% | -6.14% | 2.97% | 3.94% |
| Income Tax Expense | 0.00 | 5.48M | 2.07M | -178.92K | 16.57K | 87.71K |
| Net Income | -9.78M | -36.42M | -26.38M | -1.29M | 290.55K | 236.30K |
| Net Income Ratio | -16.56% | -70.75% | -69.20% | -6.14% | 2.97% | 3.94% |
| EPS | -0.12 | -0.47 | -0.41 | -0.02 | 0.00 | 0.00 |
| EPS Diluted | -0.12 | -0.46 | -0.41 | -0.02 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 80.78M | 77.25M | 65.11M | 74.84M | 74.84M | 74.84M |
| Weighted Avg Shares Out (Dil) | 80.78M | 78.70M | 65.11M | 74.84M | 74.84M | 74.84M |
Thinkific Makes Key Exec Appointments to Drive Further Innovation and Expansion in B2B and Creator Education Sectors
Former Mailchimp Marketing Leader Amanda Malko appointed as Chief Revenue Officer Former Hootsuite CTO Ryan Donovan appointed as Chief Product & Technology Officer Kyle Scott (formerly NBC, Sell It) joins as GM of High Growth Creators Clovis Cuqui (formerly Shopify)...
Thinkific to Attend VidCon, Moderating Key Panel on Creator Monetization and Recruiting Creators for Courses on Spotify Test Program
VANCOUVER, BC , June 21, 2024 /PRNewswire/ - Thinkific, a leading platform in digital learning and creator economy tools, announced today its participation in VidCon, the premier annual convention for influencers, fans, executives, and online brands which takes place in...
Thinkific Announces Multiple Feature Advancements for its Enterprise Customer Education Platform, 'Plus' to Continue Growth Momentum
Advanced API facilitates rich data analysis and the development of custom applications Suite of new features enhance user engagement creating more interactive and 'sticky' learning experiences SCORM support allows users to seamlessly migrate to Thinkific Plus from other LMS providers...
Thinkific and Jon Youshaei Announce Full Launch of Highly-Anticipated 'Insider Accelerator' Creator Program
VANCOUVER, BC , Feb. 29, 2024 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific") (TSX: THNC), a leading platform for creating, marketing and selling online learning products, today announced the full release of the highly anticipated 'Insider Accelerator', a 90-day hands-on coaching program...
Thinkific Introduces New Podcast: "Unique Genius: The Business of Creators"
VANCOUVER, BC , Feb. 8, 2024 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific") (TSX: THNC), a leading platform for creating, marketing, and selling online learning products, today announced the launch of a new Podcast, "Unique Genius: The Business of Creators". The...
Thinkific Announces Timing of Fourth Quarter and Full Year 2023 Financial Results Conference Call
VANCOUVER, BC , Jan. 17, 2024 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or "the Company") (TSX: THNC), a leading platform for creating, marketing, and selling online learning products, today announced it will report its financial results for the fourth quarter and full...
Thinkific Releases 2024 Online Learning Trends Report - Data Reveals Impact of AI, Social Media Fatigue, and More
Key trends reveal how the online education landscape is shifting — and how creators can embrace this change to drive growth Report finds that 92% of people dedicate at least one hour per month to learning digitally, an increase from...
Thinkific to Present at the 26th Annual Needham Growth Conference
VANCOUVER, BC , Jan. 4, 2024 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific") (TSX: THNC), a leading platform for creating, marketing, and selling online learning products, today announced that management will be presenting at the 26th Annual Needham Growth Conference on...
Thinkific Announces Suite of New Features for Thinkific Plus to Further Fuel the Growth of its Enterprise Platform for Customer Education
Over 20 newly launched Plus features designed to help businesses leverage the power of customer education to fuel their growth and reduce customer churn New Learning Paths feature provides Plus customers with a sophisticated solution for driving higher course completions...
Thinkific Joins Forces with Jon Youshaei to Launch 'Insider Accelerator' - a Premier Accelerator Program for Creators
VANCOUVER, BC , Dec. 5, 2023 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific") (TSX: THNC), a leading platform for creating, marketing, and selling online learning products, today announced an exciting partnership with Jon Youshaei, a renowned and respected educator and journalist with...
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