Thinkific Labs Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St

November 11, 2024

Thinkific Labs (TSE:THNC) Third Quarter 2024 Results

Key Financial Results

Revenue: US$17.2m (up 15% from 3Q 2023).
Net income: US$579.0k (up from US$931.9k loss in 3Q 2023).
Profit margin: 3.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
EPS: US$0.008 (up from US$0.012 loss in 3Q 2023).

earnings-and-revenue-growth — TSX:THNC Earnings and Revenue Growth November 11th 2024

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) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada.

Performance of the Canadian Software industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Thinkific Labs, and understanding this should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if Thinkific Labs might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.