Thinkific Labs Inc (OTCPK:THNCF)

Q4 2024 Thinkific Labs Inc Earnings Call Transcript

Mar 5, 2025 / 10:00 PM GMT

Release Date Price: $2.3 (+8.66%)

Transcript

Key Points

Positve

Thinkific Labs Inc (THNCF) transitioned to a strategy focused on profitable growth, generating $7 million in operating cash flow versus a loss of $5.4 million in the prior year.
The company earned a place in G2's 2025 best software awards, recognized among the world's top software companies for education and customer service software.
Thinkific Labs Inc (THNCF) saw strong growth in Thinkific Plus and commerce revenue, with commerce revenue up 73% year over year.
The company is focusing on higher GMV customers, which has shown early success and validates their market research and new direction.
Thinkific Labs Inc (THNCF) is expanding its commerce offering internationally, bringing North American features like sales tax solutions to the EU and UK.

Negative

The company came in at the low end of its guidance for Q4, with foreign exchange having a large impact on net ARR growth.
There was a slowdown in GMV and GPV growth, affecting commerce revenue, and GMV was flat year over year.
Thinkific Labs Inc (THNCF) acknowledged mistakes in attracting segments of customers less likely to succeed on their platform, impacting growth measures.
The transition to a more focused customer strategy is expected to have some near-term impact on results, including short-term GMV and ARR.
Foreign exchange fluctuations have impacted ARR more than revenue, with a 40 basis point impact expected over the full year of 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

THNC.TO - Thinkific Labs Inc
Q4 2024 Thinkific Labs Inc Earnings Call
Mar 05, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Ina, and I will be your conference operator today.

I would like to welcome everyone to thank you fix 4th quarter and full year fiscal 2024 financial results conference call.

At this time online are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call require immediate assistance, please press 0 for the operator. This call is being recorded on Wednesday, March 5th, 2025. I would not like to turn a conference call over to Mr. Johanim, head of investor relations. Please go ahead.

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Unidentified_2 [2]
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