04:40 PM EST, 03/05/2025 (MT Newswires) -- Thinkific Labs ( THNCF ) , a cloud-based software platform, swung to a loss in the fourth quarter as it reported revenue for the period at the low end of its guidance range, even as it flagged an increase in sales for the current quarter.

The company said it lost US$0.7 million, or US$0.01 per share, in the quarter, compared to a profit of US$0.3 million, or nil, in the year-quarter, The result missed a FactSet estimate for a profit of US$0.01 per share.

Revenue for the quarter rose 13% year-over-year to US$17.6 million, the low end of its guidance range of US$17.6 to US$17.9 million.

For the first quarter, the company expects revenue of US$17.5 to US$17.8 million, which represents 10% to 12% growth compared to the first quarter of 2024. It plans to continue growth-focused investments in line with revenue growth, and expects Adjusted EBITDA margin to be consistent with prior quarters.

"2024 was a pivotal year for Thinkific ( THNCF )," said chief executive Greg Smith. "We transitioned from cost-cutting to investing in profitable growth, driving strong growth in Commerce and Plus."

"Looking at 2025, I recognize there is still a lot of hard work to be done," Smith added.

Thinkific ( THNCF ) shares closed up $0.10 to $3.35 on the Toronto Stock Exchange.