Greg Smith, the Vancouver-based online-learning platform provider’s CEO, described the three-month period ended Sept. 30 as its “best quarter as a public company.” Thinkific reported adjusted earnings before income, taxes, depreciation and amortization (EBITDA) of US$740,000, and a net loss of US$932,000, compared to a net loss of US$10.1 million in the same time last year. (The Logic)

Talking point: Thinkific shares briefly reached a 52-week high on the results, hitting an intraday high of $3.00. The company is among a class of Canadian tech firms that have gone public on the Toronto Stock Exchange since 2021 but mostly underperformed their IPO prices, with investors increasingly valuing profitability over growth at all costs. Thinkific was among the first to lay off staff when economic conditions shifted, and made a second round of cuts in January, saying profitability was in sight. Since going public, it has launched a media division named The Leap, which recently unveiled an AI tool for creators.