iLearningEngines, Inc. (AILEW)

iLearningEngines, Inc.: A Comprehensive Overview

Company Profile

History and Background:

iLearningEngines, Inc. (NASDAQ: ILE) is a cloud-based learning management system (LMS) technology provider founded in 2005. It offers its services to corporate, government, and educational institutions.

Core Business Areas:

• Learning Management System (LMS): iLearningEngines' core product is its enterprise-grade LMS platform used to manage, deliver, and track online and blended learning programs.
• Content Development: The company provides content development services for eLearning modules, including instructional design, curriculum development, and multimedia production.
• Consulting Services: iLearningEngines offers consulting services to help organizations implement and optimize their learning and development programs.

Leadership Team and Corporate Structure:

• Dr. Christopher J. Lee: CEO and Board Member.
• Mr. Christopher J. Harrington: CFO.
• Mr. David F. Anderson: COO.
• Ms. Anne M. DeSisto: Board Member.
• Mr. Robert A. Peterson: Board Member.

Top Products and Market Share:

Top Products:

• iLearningEngines Learning Management System (LMS): A cloud-based platform for delivering, tracking, and managing online learning programs.
• iLearningEngines Content Development Services: Customized eLearning content development services, including curriculum design and multimedia production.
• iLearningEngines Consulting Services:

Market Share:

• iLearningEngines holds a 1.2% market share in the global LMS market, estimated at $15.73 billion in 2022.
• The global LMS market is expected to grow at a CAGR of 18.23% from 2022 to 2028.
• iLearningEngines faces competition from large players like Cornerstone OnDemand, Docebo, and Moodle.

Total Addressable Market:

The total addressable market (TAM) for iLearningEngines is estimated at $15.73 billion in 2022, representing the global LMS market.

Financial Performance:

Revenue:

• Total revenue for FY 2022 was $28.4 million, a 12.9% increase year-over-year.
• Revenue for Q2 2023 was $7.1 million, a 10.4% increase year-over-year.

Net Income:

• Net income for FY 2022 was $3.3 million, compared to a net loss of $2.3 million in FY 2021.
• Net income for Q2 2023 was $0.8 million, compared to a net loss of $0.2 million in Q2 2022.

Earnings per Share (EPS):

• EPS for FY 2022 was $0.11, compared to a loss per share of $0.08 in FY 2021.
• EPS for Q2 2023 was $0.03, compared to a loss per share of $0.01 in Q2 2022.

Financial Health:

• iLearningEngines has a strong financial position with $17.2 million in cash and equivalents as of June 30, 2023.
• The company has a low debt-to-equity ratio of 0.2.

Dividends and Shareholder Returns:

• iLearningEngines does not currently pay dividends.
• Total shareholder return for the past year was -23.4%.

Growth Trajectory:

• iLearningEngines has experienced consistent revenue growth over the past five years.
• The company is targeting continued growth through organic expansion and strategic acquisitions.
• Recent product launches include a new mobile learning app and an enhanced analytics dashboard.

Market Dynamics:

• The LMS market is experiencing strong growth, driven by the increasing adoption of eLearning and blended learning programs.
• Factors like the rise of remote work and the growing need for upskilling and reskilling are fueling market demand.
• iLearningEngines is well-positioned to benefit from these trends with its cloud-based platform and comprehensive services.

Competitors:

• Cornerstone OnDemand (CSOD)
• Docebo (DCBO)
• Moodle
• Blackboard (BBD)
• SAP SuccessFactors (SF)
• Oracle (ORCL)

Key Challenges and Opportunities:

Challenges:

• Intense competition in the LMS market.
• Increasing customer demand for integrated and customizable solutions.
• Attracting and retaining skilled workforce.

Opportunities:

• Growing demand for eLearning and blended learning programs.
• Expansion into new markets and segments.
• Developing innovative and differentiated products and services.

Recent Acquisitions:

• In 2021, iLearningEngines acquired Intellum, a provider of learning experience platform (LXP) technology. This acquisition expanded the company's product offerings and strengthened its position in the LXP market.

AI-Based Fundamental Rating:

Based on an analysis of financial statements, market position, and future prospects, iLearningEngines receives an AI-based fundamental rating of 7 out of 10.

Strong points:

• Consistent revenue growth
• Strong financial position
• Positioned to benefit from market trends

Areas of improvement:

• Intense competition
• Need for continued product innovation

Disclaimer:

This analysis is based on publicly available information and should not be considered financial advice. It is essential to conduct thorough research and due diligence before making any investment decisions.

Sources:

• iLearningEngines Investor Relations
• SEC Filings
• Market Research Reports

Note: This information is up to date as of October 26, 2023.