Thinkific Announces Fourth Quarter and Full Year 2023 Financial Results
Gross margin decreased from 78% recorded for the fourth quarter last year to 75% due to an increasing mix of Thinkific Commerce.
- Gross margin decreased from 78% recorded for the fourth quarter last year to 75% due to an increasing mix of Thinkific Commerce.
- Net income for the fourth quarter of 2023 was $0.3 million, compared to a net loss of $3.7 million in the fourth quarter of 2022.
- Total Paying Customers(2) grew 4% to 34.8 thousand in the fourth quarter of 2023 compared to the prior year.
- GMV(2) in the fourth quarter was $115 million, up 9% compared to the fourth quarter of 2022.