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Thinkific Labs' Second-Quarter Earnings Drop

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Thinkific Labs (THNC.TO) on Wednesday after trade reported second-quarter earnings fell to nil per share, from $0.01 per share.

Analysts polled by FactSet had expected a loss of $0.02 per share.

Total revenue for the quarter ended June 30 increased 3% to $18.6 million, above the $18.4 million expected by analysts.

The increase was mainly due to Thinkific Plus Subscription and Commerce, which saw revenue increasing 14% to $5.3 million, a statement said.

The company said it expects third-quarter revenue of $18.6 million to $18.9 million, while adjusted EBITA is expected to range between 2% and 5% of revenue.

Thinkific shares closed unchanged at C$1.34 on the Toronto Stock Exchange.

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