Thinkific Labs Inc. (TSX: THNC) turned a corner in the last quarter of 2023, posting a small net profit for the first time since going public in 2021.
Thinkific Labs provides a platform that allows businesses and educators to develop online courses and tutorials. The company raised $160 million in an initial public offering in 2021.
The company posted net losses of $26.4 million in 2021, $36.4 million in 2022, and $9 million in 2023, according to annual audited financial statements.
But in the last quarter of 2023, the company netted a profit of $301,000, compared to a $3.7 million loss in the final quarter of 2022, according to
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