Inactive Instrument

Absolute Software Corporation

ABST

CA00386B1094

Absolute Software Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023

May 15, 2023 at 05:13 pm EDT

Absolute Software Corporation reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 58.77 million compared to USD 51.99 million a year ago. Net loss was USD 3.97 million compared to USD 6.46 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago.
For the nine months, sales was USD 169.53 million compared to USD 144.78 million a year ago. Net loss was USD 20.46 million compared to USD 19.15 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to USD 0.38 a year ago.

Latest news about Absolute Software Corporation

Absolute Software has Changed its Name to Absolute Security	Apr. 17	CI
Absolute Software Cyber Resilience Provides Visibility, Security for Thousands of Endpoints at GOAL High School	Apr. 04	CI
Absolute Software Announces the Launch of Absolute Application Health	Nov. 01	CI
Absolute Software Expands Application Resilience Ecosystem	23-08-30	CI
Absolute Software Corporation(TSX:ABST) dropped from S&P Global BMI Index	23-07-28	CI
Absolute Brief: Announced Completion of Acquisition by Crosspoint Capital Partners	23-07-27	MT
Absolute Software Corporation(NasdaqGS:ABST) dropped from NASDAQ Composite Index	23-07-27	CI
Funds affiliated with Crosspoint Capital Partners, LP completed the acquisition of Absolute Software Corporation from Edenbrook Capital, LLC and others.	23-07-26	CI
Absolute Brief: Announcing Clearance Under Australia's Foreign Acquisitions and Takeovers Act; Arrangement Remains Subject to Customary Closing Conditions and Expected to Close Later This Month	23-07-12	MT
Absolute Says Obtained Final Order for Plan of Arrangement from the Supreme Court of British Columbia	23-07-04	MT
Absolute Brief: Says Obtained Final Order for Plan of Arrangement from the Supreme Court of British Columbia	23-07-04	MT
Absolute Software Securityholders Approve Acquisition by Crosspoint Capital Partners' Affiliate	23-06-29	MT
Layoffs pick up pace in Canada as Bell cuts 1,300 roles	23-06-15	RE
Absolute Brief: Announcing Expansion of its differentiated Security Service Edge (SSE) solution with Launch of the Absolute Secure Web Gateway Service	23-06-14	MT
Absolute Software Adds Secure Web Gateway Service to Its Differentiated Security Service Edge Solution	23-06-14	CI
Absolute Brief: Edenbrook Capital Says "Rather Than Seek To Blow Up the Proposed Acquisition", Will "Illustrate Another Strategic Path Forward"	23-06-06	MT
Absolute Brief: Edenbrook Capital Says Co "Has Made Insufficient Disclosure of Material Information"	23-06-06	MT
Absolute Brief: Edenbrook Capital Believes Co "Has Manufactured a Debt Crisis to Coerce Public Shareholders to Vote for the Proposed Acquisition"	23-06-06	MT
Absolute Brief: Edenbrook Capital Adds Has "Numerous Questions that We Feel you Must Answer For Public Shareholders"	23-06-06	MT
Absolute Brief: Edenbrook Capital Says Following Its Review of the Management Information Circular of Absolute, Has "Serious Concerns About Process Undertaken by the Company"	23-06-06	MT
Absolute BrieF: Edenbrook Capital, With Ownership of Near 10.38%, Sends Follow-Up Letter to Absolute Software Board	23-06-06	MT
Absolute Software Corporation Suspends Dividend Going Forward	23-05-30	CI
TSX futures up as commodity prices rebound on US debt deal optimism	23-05-19	RE
Investor Edenbrook Capital says Absolute Software's take-private deal undervalues company	23-05-18	RE
Absolute Brief: Edenbrook Capital Has Ownership of Near 10.38% of Absolute	23-05-18	MT

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Company Profile

Absolute Software Corporation is a Canada-based company. The Company is engaged in the development, marketing and provision of software services that support the management and security of computing devices, applications, data and networks for a variety of organizations in various global territories. Its Absolute platform is a cloud-based endpoint visibility and control solution that allows users to see all their devices and applications, secure their data and prove compliance. It offers its solutions to various industries such as Healthcare, Government, K-12 Education, Professional services, Higher Education and Financial services. The Secure Endpoint product portfolio enables IT and security personnel to monitor and address laptop computer's problems and ensures the laptops and their mission-critical applications to self-heal. Its products include Absolute Visibility, Absolute Control, Absolute Resilience and Absolute Ransomware Response, Absolute VPN, ZTNA and Insights for Network.

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IT Services & Consulting

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