Revenue up 65% year-over-year to $9.9 million,
with ARR growth of 56% to $41.0 million
As the platform of choice for Creators to start and grow their businesses, Thinkific is making it easier than ever to create and sell learning products, with the launch of Thinkific Payments in Canada and the United States
Thinkific reports in U.S. dollars and in accordance with IFRS
VANCOUVER, BC, Nov. 8, 2021 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or "the Company") (TSX: THNC), a leading cloud-based software platform that enables entrepreneurs and established businesses of all sizes to create, market, and sell online learning products, today announced its financial results for the three and nine months ended September 30, 2021.
"Thinkific's strong third quarter results were driven by the success of our customers. We continue to make it easier for Creators to create and sell their expertise in the form of courses, communities, memberships and other learning products," said Greg Smith, Co-Founder and CEO of Thinkific. "Today's launch of Thinkific Payments in the U.S. and Canada furthers that goal, helping our Creators save time and sell more. Thinkific Payments also allows us to participate in our Creators' success and will further drive our growth going forward.
"We are encouraged to see the continued strong performance of our 2020 and 2021 Customer cohorts, and it is clear that entrepreneurs and businesses are embracing Thinkific to distribute their knowledge and grow their business," continued Mr. Smith. "At Thinkific, our singular focus is the success of our Creators, and we are fanatical about building Thinkific to support their growth, as well as their growing needs."
https://www.prnewswire.com/news-releases/thinkific-announces-third-quarter-2021-financial-results-and-provides-fourth-quarter-2021-outlook-301418907.html