LifeSpeak ( (TSE:LSPK) ) just unveiled an update.
LifeSpeak Inc. reported its fiscal 2024 results, highlighting a revenue of $48.4 million and an Adjusted EBITDA of $11.5 million, despite facing economic challenges. The company experienced a 9% decline in fourth-quarter revenue and a 12% decrease in annual recurring revenue compared to the previous year. Despite these declines, LifeSpeak’s Adjusted EBITDA increased due to an optimized cost structure. The company is actively negotiating with lenders to address defaults on credit agreements, while notable client acquisitions and a significant agreement with GreenShield are expected to contribute positively to its business.
More about LifeSpeak
LifeSpeak Inc. operates in the wellbeing industry, providing comprehensive wellbeing solutions for employers, health plans, and organizations. The company focuses on enhancing whole-person wellbeing through its products and services, catering to a diverse range of clients across various sectors.
YTD Price Performance: -18.31%
Average Trading Volume: 8,207
Technical Sentiment Signal: Buy
Current Market Cap: C$17.15M
See more data about LSPK stock on TipRanks’ Stock Analysis page.