Toronto-based investor relations (IR) software company Q4 Inc. is losing a long-time member of its C-suite in the next month.
Ryan Levenberg, Q4’s chief financial officer (CFO), will be resigning from his role by the end of May. The company’s chief operating officer Donna de Winter, will assume the role of interim CFO.
Prior to working at Q4, Levenberg was a senior associate at PricewaterhouseCoopers.
Levenberg is leaving the company after he joined in 2014 as director of finance and worked his way up to becoming CFO by 2020.
Within those seven years, Levenberg led Q4 to start trading on the Toronto Stock Exchange last year. Under his leadership, Q4 was also able to acquire the IR web hosting business of New York-based S&P Global Market Intelligence in 2020.
He also played an important role in Q4’s Series B and C rounds of funding, as well as the acquisition of Oxford Intelligence Partners and Euroinvestor.
Most recently, Levenberg led Q4 through mixed fourth quarter 2021 results, which reported that Q4 generated revenue of $13.8 million USD—a rise of nearly 20 percent from the $11.1 million it saw during the same period in 2020. He attributed this growth to the strength of Q4’s expanded Capital Markets Platform and Platform Services.
Despite this growth, Q4’s net losses also grew, and the company’s share price has been in decline. The company began trading in October at a price of $11.52 CAD per share, reaching a high of $12 before dropping to less than half that amount by March. Q4’s share price was $4.77 at the time of publication.
Q4 also recorded a net loss of $6.3 million, or $0.20 per share, an increase compared to the $5.4 million the company lost in Q4 2020.
Founded in 2006 by CEO Darrell Heaps, Q4 provides capital market solutions to the investor relations industry to help public companies better understand their performance and engage with their investors.
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Prior to working at Q4, Levenberg was a senior associate at PricewaterhouseCoopers where he audited and reviewed financial statements for businesses in the mining, oil and gas, financial services, and technology sectors.
Levenberg also co-founded Brimz Eyewear in 2006 and Universitybuy.com in 2010.
De Winter, who has been with Q4 since 2019, has over 20 years of financial leadership experience across the tech ecosystem. Before joining Q4, she was the CFO of Vision Critical (now Alida), Global Knowledge Canada, Geac, Platform Computing, Rubikloud Technologies, and Varicent. She led Varicent to getting acquired by IBM in 2012.
Featured image from Q4