The Toronto-based digital wellness platform said its second-quarter revenue rose 132 per cent to nearly $5.6 million, from about $2.4 million, with a net profit of $508,000 compared to a net loss of $315,000 in the same quarter last year. (The Logic)
Talking point: LifeSpeak shares debuted on the Toronto Stock Exchange in early July, raising $90 million in its initial public offering and $35 million in a secondary offering. It had planned to use the proceeds to repay debts and fuel growth by expanding its platform, adding more services and securing more clients. The company said it has 45 per cent more clients now than at the same time last year, and signed agreements with Lego Group and Celestica International, among others.