The earnings call presented a mixed picture with strong partnerships and leadership appointments indicating positive developments, while financial challenges and customer retention issues suggest underlying struggles.

Company Guidance

During the LifeSpeak Q3 2024 earnings call, the company highlighted several key financial metrics and strategic developments. The third quarter revenue was reported at $11.8 million, with an adjusted EBITDA of $3 million, representing 26% of revenue. Despite a decline in revenue, this marked a 17% increase in adjusted EBITDA compared to the previous quarter, as LifeSpeak focused on operational efficiencies. The company's annual recurring revenue (ARR) was $45.9 million, with 67% originating from markets outside of Canada. Net loss for the quarter was $5.7 million, largely due to financing expenses. The net dollar retention rate was noted at 82%, while the logo retention rate stood at 73%. LifeSpeak also highlighted significant partnerships, including a major deal with GreenShield, and discussed ongoing efforts to mitigate client churn and pursue larger, high-margin opportunities as part of their growth strategy. Looking ahead, the company anticipates fourth-quarter results to be consistent with Q3, with growth expected to pick up in early 2025.

Consistent Revenue and Adjusted EBITDA Growth

Revenue for Q3 2024 was $11.8 million with strong adjusted EBITDA growth to $3 million, which is 26% of revenue. This represents a 17% increase compared to the second quarter of 2024.

Significant Partnership with GreenShield

LifeSpeak signed a major deal with GreenShield, a leading Canadian integrated health and benefits organization, marking one of the most significant deals in the company's history.

Strong Interest in Digital Well-being Services

Continued strong interest for LifeSpeak's whole person digital well-being services, leading to agreements with notable clients such as GreenShield, Allstate, and Asset Health.

Leadership Strengthening

Appointment of Lee Dabberdt as CFO, strengthening the senior leadership team, and enhancing the company's ability to scale business.

Geographic Diversification

67% of ARR for the quarter originated from markets outside of Canada, indicating strong international presence.

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LifeSpeak (TSE:LSPK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:LSPK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2021	2021 (Q2)	0.04 / 0.01	-0.008	225.00% (+0.02)	―	―
Nov 10, 2021	2021 (Q3)	0.03 / -0.43	―	―	―	―
Mar 22, 2022	2021 (Q4)	<0.01 / 0.02	―	―	―	―
May 12, 2022	2022 (Q1)	0.00 / -0.33	0	―	―	―
Aug 03, 2022	2022 (Q2)	-0.07 / -0.13	0.01	-1400.00% (-0.14)	―	―
Nov 10, 2022	2022 (Q3)	-0.06 / -0.03	-0.43	93.02% (+0.40)	―	―
Mar 31, 2023	2022 (Q4)	-0.05 / -0.03	-0.33	90.91% (+0.30)	―	―
May 15, 2023	2023 (Q1)	- / -	-0.33	―	―	―
Aug 09, 2023	2023 (Q2)	-0.05 / -0.04	-0.13	69.23% (+0.09)	―	―
Nov 08, 2023	2023 (Q3)	-0.05 / -0.05	-0.03	-66.67% (-0.02)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:LSPK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	C$0.38	C$0.37	-2.63%
Aug 14, 2024	C$0.47	C$0.46	-2.13%
May 08, 2024	C$0.64	C$0.63	-1.56%
Mar 21, 2024	C$0.65	C$0.65	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does LifeSpeak (TSE:LSPK) report earnings?

LifeSpeak (TSE:LSPK) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.

What is LifeSpeak (TSE:LSPK) earnings time?

LifeSpeak (TSE:LSPK) earnings time is at Mar 19, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:LSPK EPS forecast?

TSE:LSPK EPS forecast for the fiscal quarter 2024 (Q4) is -0.04.

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