TORONTO–(BUSINESS WIRE)–Everybody Loves Languages Corp. (“ELL”) (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), www.everybodyloveslanguages.com, an edtech language learning edutainment and content development company announces its financial results for the third quarter ended September 30, 2025. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted.
Q3 2025 Operational Highlights
-
Online English Language Learning:
- Released a new course focusing on reading, in addition, integrated the new reading content within English for Success (EFS) which would be available for use in 2026
-
Content-Based English Language Learning:
- Continued to develop content for the latest revision of the PEP books
Q3 2025 Financial Highlights
|
Third Quarter Ended September 30th |
|
2025 |
|
2024 |
|||
|
Revenue |
$ |
287,375 |
$ |
297,273 |
|||
|
Operating and development expenses |
|
569,093 |
|
496,213 |
|||
|
Loss before amortization, share-based payments, depreciation, finance charges and taxes |
|
(281,718) |
|
(198,940) |
|||
|
Amortization, share-based payments, and depreciation |
|
17,768 |
|
5,636 |
|||
|
Finance charges, taxes, foreign exchange |
|
(45,740) |
|
11,182 |
|||
|
Net loss |
|
(253,746) |
|
(215,757) |
|||
|
Total comprehensive loss |
$ |
(265,276) |
$ |
(209,403) |
|||
|
Loss per share (Basic) |
$ |
(0.01) |
$ |
(0.01) |
- Revenue for the third quarter ended September 30, 2025 totalled $287,375 as compared to $297,273 in Q3 2024.
- Operating and development expenses for the quarter ended September 30, 2025 totaled $569,093 compared to the expenses of $496,213 in Q3 2024. Included as a reduction of selling, general and administrative expenses are government grants of $60,000 as compared to $45,000 relating to the Company’s publishing and software projects in Q3 2024.
- Net loss for the quarter ended September 30, 2025 was $(253,746) or $(0.01) loss per share (basic) based on 35.6 million shares and $(0.01) loss per share (diluted) based on 38.3 million shares as compared to a net loss of $(215,757) or $(0.01) for Q3 2024 based on 35.6 million shares and $(0.01) loss per share (diluted) based on 37.6 million shares.
- Loss before amortization, share-based payments, depreciation, finance charges and taxes was $(281,718) in Q3 2025 compared to the loss of $(198,940) in Q3 2024.
Financial Highlights for the Nine-Month Period Ended September 30, 2025
|
Nine Month Period Ended September 30th |
|
2025 |
|
2024 |
|||
|
Revenue |
$ |
1,615,190 |
$ |
1,438,538 |
|||
|
Operating and development expenses |
|
1,670,004 |
|
1,555,873 |
|||
|
Loss before amortization, share-based payments, depreciation, finance charges and taxes |
|
(54,814) |
|
(117,335) |
|||
|
Amortization, share-based payments and depreciation |
|
38,176 |
|
51,099 |
|||
|
Finance charges, taxes and foreign exchange |
|
173,483 |
|
(2,494) |
|||
|
Net loss |
|
(266,473) |
|
(165,940) |
|||
|
Total comprehensive loss |
$ |
(247,675) |
$ |
(176,912) |
|||
|
Loss per share (Basic and Diluted) |
$ |
(0.01) |
$ |
(0.00) |
- Revenue for the nine-month period ended September 30, 2025 totalled $1,615,190 compared to $1,438,538 for the same period in 2024.
- Operating and development expenses for the nine-month period ended September 30, 2025 totaled $1,670,004 as compared to $1,555,873 for the same period in 2024.
- Net loss for the nine-month period was $(266,473) as compared to net loss of $(165,940) for the same period in 2024.
- Loss before amortization, share-based payments, depreciation, finance charges and taxes was $(54,814), as compared to $(117,335) for the same period in 2024.
“We continued to move forward with our product development and content initiatives during the quarter, with an emphasis on supporting our customers and maintaining operational discipline. Our team remains focused on delivering reliable solutions and managing the business responsibly as we work with institutions and learners around the world,” said Gali Bar-Ziv, President & CEO of Everybody Loves Languages.
The unaudited condensed interim financial statements for the quarter ended September 30, 2024 and Management Discussion & Analysis are available at www.sedarplus.ca.
About Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA):
Everybody Loves Languages Corp. is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology.
The Company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. Everybody Loves Languages is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm and co-publishes print-based English language learning materials in China.
Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to expand its product offerings and extend its market reach.
Follow Everybody Loves Languages on social media:
Facebook: https://www.facebook.com/everybodyloveslanguages
Twitter: twitter@elltechnologies
YouTube: Everybody Loves Languages (ELL)
LinkedIn: https://www.linkedin.com/company/elltechnologies
Portions of this press release may include “forward-looking statements” within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management’s current expectations and involve certain risks and uncertainties. Actual results may vary materially from management’s expectations and projections and thus readers should not place undue reliance on forward-looking statements. Everybody Loves Languages has tried to identify these forward-looking statements by using words such as “may,” “should,” “expect,” “hope,” “anticipate,” “believe,” “intend,” “plan,” “estimate” and similar expressions. Everybody Loves Languages’ expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actual results will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company’s ability to achieve projected results are described in the Company’s filings with the Canadian securities regulators available on www.sedarplus.ca..
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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Contacts
For further information, contact:
Everybody Loves Languages
Corporate Communications
Khurram Qureshi
Tel: (647) 831-1462
Email: [email protected]
