LifeSpeak Inc
TSX:LSPK

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LifeSpeak Inc
TSX:LSPK
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Price: 8.2 CAD -2.38% Market Closed
Market Cap: 13m CAD

LifeSpeak Inc
Investor Relations

LifeSpeak, Inc. engages in the provision of online platform that helps keep employees present, productive, and thriving. The company is headquartered in Toronto, Ontario. The company went IPO on 2021-07-06. The firm offers digital education platform for employee mental health and total well-being education with video training sessions, podcasts, tip sheets, and other content for mid- and enterprise-sized organizations. LifeSpeak’s content helps companies around the world support their people anytime and anywhere. The platform offers remotely to employees and health plan members, covers topics such as preventative health, mental health, including depression, anxiety, addiction, isolation and suicide, marital and relationship advice, parenting and eldercare. LifeSpeak serves a global client base across many industries and sectors, including Fortune 500 companies, government agencies, insurance providers and other health technology firms.

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LSPK
S&P TSX Composite Index (Canada)

Earnings Calls

2024 Q3
Nov 7, 2024
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LifeSpeak Sees Stable Revenue with Growth Prospects in 2025.
2024 Q3
Nov 7, 2024

LifeSpeak reported third-quarter revenue of $11.8 million, maintaining adjusted EBITDA at $3 million despite ongoing market challenges. Annual Recurring Revenue (ARR) stood at $45.9 million, with a focus on strengthening enterprise client relationships, comprising 86% of ARR. The company expects ARR to stabilize in Q4, anticipating contributions from new large clients, particularly GreenShield, to start ramping up in early 2025. However, net losses increased to $5.7 million due to financing costs. LifeSpeak is concentrating on larger, high-margin opportunities while implementing anti-churn initiatives to address client turnover, primarily driven by budgetary constraints.

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Management

Mr. Nolan J. Bederman
Exec. Chairman
No Bio Available
Mr. Michael Held
Founder, Pres, CEO & Director
No Bio Available
Mr. Michael Carey-Charles McKenna
Chief Financial Officer & Sec.
No Bio Available
Mr. Doug Berkowitz
Sr. VP of Operations
No Bio Available
Mr. Stanley Michael Bergman
Managing Director of Sales
No Bio Available
Ms. Tina Kaichis
VP of Marketing
No Bio Available
Ms. Anna Mittag
Sr. VP of Product and Services
No Bio Available

Contacts

Address
ONTARIO
TORONTO
49 Wellington St E Suite 301
Contacts