VANCOUVER — Aug. 10, 2021 — Thinkific Labs Inc. (“Thinkific” or “the Company”) (TSX: THNC), a leading cloud-based software platform that enables entrepreneurs and established businesses of all sizes to create, market, and sell online courses, today announced its financial results for the three and six months ended June 30, 2021.

“By delivering growth across all our key metrics in the second quarter, including an increase of over 80% in ARR, and 68% in Paying Customers, we continue to execute against our strategy,” said Greg Smith, Co-Founder and CEO of Thinkific. “I am particularly pleased with this strong performance and outlook given the evolving behaviours of people as we see restrictions related to COVID lift.

“We believe the growth of Thinkific and our industry is in its early innings. Our large and growing addressable market combined with the strength of our platform as the core operating system for Course Creators continues to drive confidence in our significant long-term growth opportunities,” continued Mr. Smith. “The introduction of the Thinkific App Store and Thinkific Payments enhance the functionality available to Course Creators to help their businesses succeed, as well as drive our growth through the expansion of Paying Customers and ARPU.”

“Our second quarter results underscore the strength of our business,” stated Corinne Hua, CFO of Thinkific. “Consistent with our outlook, we continue to increase investments in scaling our business, building our brand in the marketplace and delivering a market leading platform for Course Creators. We believe this will fuel our future growth, and enable us to achieve our mission to make it simple for entrepreneurs and established businesses to scale and generate revenue by teaching what they know.”

About Thinkific

Thinkific (TSX:THNC) makes it simple for entrepreneurs and established businesses of any size to scale and generate revenue by teaching what they know. Our platform gives businesses everything they need to build, market, and sell online courses and other learning products, and to run their business seamlessly under their own brand, on their own site. In 2020 alone, Thinkific’s 50,000 active Course Creators earned hundreds of millions of dollars in direct course sales while teaching tens of millions of students. Thinkific is headquartered in Vancouver, Canada, with a distributed and growing team.

For more information, please visit www.thinkific.com.

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