04:30 PM EST, 11/05/2024 (MT Newswires) -- Thinkific Labs ( THNCF ) on Tuesday reported it swung to profit in the third quarter on higher revenue.

The company said it eared $0.6 million, or $0.01 per share, in the period, compared with a loss of $0.9 million, or $0.01, in the year-prior quarter.

Revenue rose 15% to $17.2 million, within Thinkific's ( THNCF ) guidance of $17 million to $17.3 million.

For the fourth quarter, Thinkific ( THNCF ) expects revenue of $17.6 million to $17.9 million, representing growth of 13% - 15%.

Thinkific ( THNCF ) is a cloud-based software platform that enables businesses to create, market, and sell digital learning products.

The company's shares closed up $0.20 to $2.75 on the Toronto Stock Exchange.