Value of Power Corp’s FinTech portfolio drops as Wealthsimple faces second May markdown
Power calls decrease in fair value of Wealthsimple stake “consistent” with broader stock market decline.
Markets
Well Health Technologies posts record Q1 revenue, announces $30 million bought deal offering to fuel acquisitions
Despite record revenues the last two quarters, Well’s share price has fallen nearly 43 percent over six months.
Dialogue, LifeSpeak struggle to please shareholders with first quarter 2022 results
Both healthtech companies noted user-driven revenue growth while share prices continue to tumble.
FinTech earnings week: revenues up for Nuvei, Propel, Mogo, Payfare
Net income is another matter.
Thinkific sees revenue rise, net loss jump in Q1 2022, following recent layoffs
Thinkific attributes higher net loss to growth investments, restructuring costs.
Magnet Forensics acquires assets from Comae Technologies, posts 35 percent revenue growth in Q1 2022
Magnet acquired Comae’s memory analysis tech to bolster its cyber incident investigation capabilities.
Shopify delivers $2.1 billion USD Deliverr deal to expand fulfillment network
Deliverr marks Shopify’s largest acquisition to date.
Shopify’s growth continues to slow in Q1 2022 as it reaches deal to buy Deliverr for $2.1 billion USD
Shopify misses analyst estimates, sees shares drop to a two-year low.
Lightspeed leverages acquisitions to launch new flagship omnichannel retail platform
Lightspeed Retail launch follows company’s recent C-Suite shakeup.
Q4 Inc. records 23 percent YoY revenue growth, halves net losses in Q1 2022 earnings
CEO attributes Q4’s strong Q1 to tech investments, focus on existing customers.
Think Research posts record 438 percent revenue increase in Q4 2021 following acquisitions
Think Research saw 178 percent YoY rise in revenue, nearly tripled net loss last year.
Amid rising competition with Amazon, Shopify reports 45 percent increase in economic activity fuelled by its merchants
Report comes as Shopify pursues Deliverr, Amazon encroaches on Shopify’s territory.
Space startup Maritime Launch Services goes public on NEO Exchange
As the first space company on the NEO Exchange, Maritime is ready for take off.
Think Research to continue acquisition spree with new $25 million credit facility
Think Research has been actively purchasing companies since its TSXV debut.
CFO behind Q4 Inc. IPO, Ryan Levenberg, steps down
COO Donna de Winter will assume the role of interim CFO.