Thinkific Labs, Inc. (TSE:THNC) has released an update.
Thinkific Labs Inc., a prominent cloud-based learning platform, has reported a successful fourth quarter with a revenue increase of 13% to $15.6 million, surpassing expectations. The company experienced a significant year-over-year growth in revenue to $59.1 million, marking a 15% rise compared to 2022, along with a second consecutive quarter of positive cash flow and Adjusted EBITDA. Notably, Thinkific’s commerce revenue soared by 96%, and the firm recorded a net income turnaround from a loss in the previous year to a profit in Q4 2023.
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