Thinkific Labs (TSE:THNC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$16.0m (up 13% from 1Q 2023).

• Net loss: US$1.07m (loss narrowed by 85% from 1Q 2023).

• US$0.013 loss per share (improved from US$0.089 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thinkific Labs EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Canada.

Performance of the Canadian Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Thinkific Labs (1 shouldn't be ignored!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.