Q: Good morning. Could i have your views on this co.
5i Research Answer:
THNC is a small-cap software company for businesses to create, sell online courses and other learning products and is now trading at 2.6x times' Price/Book. In the last few years, topline growth was quite solid, double-digit growth on average. The balance sheet is strong, with a net cash of $116M compared to the market cap of $286M. The company is currently prioritizing growth, still burning cash and is unprofitable. Having said that, growth decelerated to around 12% in the most recent quarter, the size risk is also there, we would wait until the company can begin generating positive cash flows and its growth stabilizes before stepping in here.