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Technology - Software - Application - NYSE - US
$ 23.6
0.0848 %
$ 3.47 B
Market Cap
-63.78
P/E
1. INTRINSIC VALUE

Instructure Holdings, Inc. provides cloud-based learning, assessment, development, and engagement systems worldwide. It offers Canvas Learning Management System that includes assessments, analytics, and learning content for K-12 and higher education institutions; Canvas Studio, an online video platform; Canvas Catalog, a course catalog and registration system; Canvas Assessment, a solution for assessments that include MasteryConnect, a robust student assessment management system, and Certica, which provides assessment content solutions and analytics to inform daily instruction in the classroom and data; Canvas Network that allows access to open online courses; Impact that helps K-12 and higher education institutions to improve technology adoption and evaluate impact of educational technology; and Elevate Data Sync, a solution that allows edtech vendors to share learning data between K-12 and higher education applications.[ Read More ]

The intrinsic value of one INST stock under the base case scenario is HIDDEN Compared to the current market price of 23.6 USD, Instructure Holdings, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart INST

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FINANCIALS
530 M REVENUE
11.58%
-3.22 M OPERATING INCOME
81.90%
-34.1 M NET INCOME
0.48%
164 M OPERATING CASH FLOW
16.93%
-5.89 M INVESTING CASH FLOW
94.89%
-5.7 M FINANCING CASH FLOW
-232.38%
173 M REVENUE
1.60%
-11.9 M OPERATING INCOME
-87.73%
-24.7 M NET INCOME
-17.89%
203 M OPERATING CASH FLOW
2605.11%
-82.2 M INVESTING CASH FLOW
-4343.44%
-65.3 M FINANCING CASH FLOW
-98.76%
Balance Sheet Decomposition Instructure Holdings, Inc.
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Current Assets 439 M
Cash & Short-Term Investments 341 M
Receivables 67.2 M
Other Current Assets 30.6 M
Non-Current Assets 1.72 B
Long-Term Investments 0
PP&E 22.5 M
Other Non-Current Assets 1.7 B
Current Liabilities 351 M
Accounts Payable 23.6 M
Short-Term Debt 19 M
Other Current Liabilities 308 M
Non-Current Liabilities 522 M
Long-Term Debt 501 M
Other Non-Current Liabilities 20.9 M
EFFICIENCY
Earnings Waterfall Instructure Holdings, Inc.
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Revenue 530 M
Cost Of Revenue 186 M
Gross Profit 344 M
Operating Expenses 347 M
Operating Income -3.22 M
Other Expenses 30.9 M
Net Income -34.1 M
RATIOS
64.86% GROSS MARGIN
64.86%
-0.61% OPERATING MARGIN
-0.61%
-6.43% NET MARGIN
-6.43%
-2.65% ROE
-2.65%
-1.58% ROA
-1.58%
-0.16% ROIC
-0.16%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Instructure Holdings, Inc.
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Net Income -34.1 M
Depreciation & Amortization 148 M
Capital Expenditures -5.94 M
Stock-Based Compensation 43.5 M
Change in Working Capital 12.8 M
Others 11.9 M
Free Cash Flow 158 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Instructure Holdings, Inc.
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Wall Street analysts predict an average 1-year price target for INST of $27.3 , with forecasts ranging from a low of $23.6 to a high of $35 .
INST Lowest Price Target Wall Street Target
23.6 USD 0.00%
INST Average Price Target Wall Street Target
27.3 USD 15.68%
INST Highest Price Target Wall Street Target
35 USD 48.31%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Instructure Holdings, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
1.12 M USD 4
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
11 months ago
Dec 14, 2023
Sell 90.9 K USD
Kaminer Matthew
Chief Legal Officer
- 3250
27.96 USD
11 months ago
Dec 06, 2023
Sell 522 K USD
BENSON MICHAEL LEE JR.
Chief Strategy Officer
- 20000
26.11 USD
1 year ago
Nov 16, 2023
Sell 146 K USD
AKOPIANTZ ERIK
Director
- 5748
25.36 USD
1 year ago
Nov 10, 2023
Sell 422 K USD
GOODMAN JOHN CHARLES
Director
- 17208
24.54 USD
1 year ago
Nov 13, 2023
Sell 366 K USD
GOODMAN JOHN CHARLES
Director
- 14890
24.57 USD
1 year ago
Nov 06, 2023
Sell 234 K USD
GOODMAN JOHN CHARLES
Director
- 9530
24.53 USD
1 year ago
Nov 07, 2023
Sell 494 K USD
GOODMAN JOHN CHARLES
Director
- 20000
24.69 USD
1 year ago
Jun 01, 2023
Sell 246 K USD
AKOPIANTZ ERIK
Director
- 10000
24.59 USD
1 year ago
Jun 05, 2023
Sell 122 K USD
AKOPIANTZ ERIK
Director
- 5000
24.33 USD
1 year ago
May 23, 2023
Sell 241 K USD
GOODMAN JOHN CHARLES
Director
- 10000
24.1 USD
1 year ago
May 17, 2023
Sell 241 K USD
GOODMAN JOHN CHARLES
Director
- 10000
24.07 USD
1 year ago
May 18, 2023
Sell 249 K USD
GOODMAN JOHN CHARLES
Director
- 10328
24.1 USD
1 year ago
May 19, 2023
Sell 260 K USD
GOODMAN JOHN CHARLES
Director
- 10757
24.2 USD
1 year ago
May 10, 2023
Sell 545 K USD
DALY STEPHEN M.
Chief Executive Officer
- 22367
24.37 USD
1 year ago
May 11, 2023
Sell 340 K USD
DALY STEPHEN M.
Chief Executive Officer
- 14219
23.92 USD
1 year ago
May 12, 2023
Sell 316 K USD
DALY STEPHEN M.
Chief Executive Officer
- 13414
23.58 USD
1 year ago
May 05, 2023
Sell 252 K USD
BENSON MICHAEL LEE JR.
Chief Strategy Officer
- 10000
25.23 USD
1 year ago
Apr 10, 2023
Sell 577 K USD
DALY STEPHEN M.
Chief Executive Officer
- 22550
25.58 USD
1 year ago
Apr 11, 2023
Sell 621 K USD
DALY STEPHEN M.
Chief Executive Officer
- 24111
25.76 USD
1 year ago
Apr 12, 2023
Sell 85.1 K USD
DALY STEPHEN M.
Chief Executive Officer
- 3339
25.5 USD
1 year ago
Mar 10, 2023
Sell 1.09 M USD
DALY STEPHEN M.
Chief Executive Officer
- 46511
23.49 USD
1 year ago
Mar 13, 2023
Sell 82.6 K USD
DALY STEPHEN M.
Chief Executive Officer
- 3489
23.68 USD
1 year ago
Dec 08, 2022
Sell 199 K USD
LOBLE MELISSA J.
director: See Remarks
- 8399
23.73 USD
2 years ago
Nov 18, 2022
Sell 93.8 K USD
Kaminer Matthew
director: Chief Legal Officer
- 4000
23.443 USD
2 years ago
Nov 04, 2022
Sell 54.3 K USD
LOBLE MELISSA J.
director: See Remarks
- 2309
23.5 USD
2 years ago
Sep 07, 2022
Sell 22 K USD
LOBLE MELISSA J.
director: See Remarks
- 958
23 USD
2 years ago
Aug 30, 2022
Sell 1.29 M USD
BENSON MICHAEL LEE JR.
director: Chief Strategy Officer
- 56581
22.81 USD
2 years ago
May 24, 2022
Bought 200 K USD
WATERHOUSE LLOYD G
director:
+ 12122
16.5 USD
2 years ago
Mar 16, 2022
Sell 30.2 K USD
LOBLE MELISSA J.
director: See Remarks
- 1468
20.55 USD
2 years ago
Dec 02, 2021
Sell 62.7 K USD
LOBLE MELISSA J.
See Remarks
- 2898
21.65 USD
2 years ago
Dec 02, 2021
Sell 40.9 K USD
LOBLE MELISSA J.
See Remarks
- 1890
21.65 USD
3 years ago
Jul 21, 2021
Bought 207 K USD
DALY STEPHEN M.
Chief Executive Officer
+ 10373
20 USD
3 years ago
Jul 21, 2021
Bought 525 K USD
BOWEN DALE E.
Chief Financial Officer
+ 26250
20 USD
3 years ago
Jul 21, 2021
Bought 220 K USD
Kaminer Matthew
Chief Legal Officer
+ 11000
20 USD
3 years ago
Jul 21, 2021
Bought 105 K USD
BENSON MICHAEL LEE JR.
Chief Product Officer
+ 5263
20 USD
3 years ago
Jul 21, 2021
Bought 105 K USD
Maylett Frank Daniel
Chief Revenue Officer
+ 5263
20 USD
4 years ago
Mar 05, 2020
Sell 595 K USD
DeBellis Marta
Chief Marketing Officer
- 12189
48.8001 USD
4 years ago
Dec 03, 2019
Sell 31.4 K USD
DeBellis Marta
Chief Marketing Officer
- 591
53.18 USD
5 years ago
Nov 13, 2019
Sell 1.02 M USD
Kaminer Matthew
Chief Legal Officer
- 20000
51.0506 USD
5 years ago
Nov 13, 2019
Sell 1.86 M USD
Coates Joshua L.
Director
- 37058
50.1204 USD
5 years ago
Nov 13, 2019
Sell 662 K USD
Coates Joshua L.
Director
- 12942
51.116 USD
5 years ago
Nov 11, 2019
Sell 727 K USD
Coates Joshua L.
Director
- 15308
47.4901 USD
5 years ago
Nov 07, 2019
Sell 891 K USD
Coates Joshua L.
Director
- 18765
47.4815 USD
5 years ago
Nov 08, 2019
Sell 4.4 M USD
Coates Joshua L.
Director
- 92394
47.5734 USD
5 years ago
Nov 07, 2019
Sell 238 K USD
Kaminer Matthew
Chief Legal Officer
- 5000
47.5 USD
5 years ago
Nov 01, 2019
Sell 555 K USD
Coates Joshua L.
Director
- 11700
47.4716 USD
5 years ago
Nov 04, 2019
Sell 511 K USD
Coates Joshua L.
Director
- 10758
47.4744 USD
5 years ago
Nov 05, 2019
Sell 93 K USD
Kaminer Matthew
Chief Legal Officer
- 2000
46.493 USD
5 years ago
Oct 31, 2019
Sell 10.6 K USD
DeBellis Marta
Chief Marketing Officer
- 236
45 USD
5 years ago
Oct 29, 2019
Sell 55.9 K USD
Coates Joshua L.
Director
- 1242
44.97 USD
5 years ago
Oct 30, 2019
Sell 25.6 K USD
Coates Joshua L.
Director
- 569
44.97 USD
5 years ago
Oct 31, 2019
Sell 1.03 M USD
Coates Joshua L.
Director
- 22542
45.6986 USD
5 years ago
Oct 31, 2019
Sell 728 K USD
Coates Joshua L.
Director
- 15647
46.5272 USD
5 years ago
Oct 31, 2019
Sell 232 K USD
Kaminer Matthew
Chief Legal Officer
- 5000
46.5 USD
5 years ago
Oct 24, 2019
Sell 16.8 K USD
DeBellis Marta
Chief Marketing Officer
- 382
44 USD
5 years ago
Oct 15, 2019
Sell 649 K USD
Kaminsky Steven B.
Chief Financial Officer
- 15706
41.3028 USD
5 years ago
Oct 15, 2019
Sell 180 K USD
Kaminsky Steven B.
Chief Financial Officer
- 4294
41.9049 USD
5 years ago
Oct 10, 2019
Sell 17.3 K USD
DeBellis Marta
Chief Marketing Officer
- 412
42 USD
5 years ago
Oct 15, 2019
Sell 21.6 K USD
DeBellis Marta
Chief Marketing Officer
- 515
42 USD
5 years ago
Sep 03, 2019
Sell 205 K USD
Coates Joshua L.
Director
- 5000
41.0634 USD
5 years ago
Aug 15, 2019
Sell 385 K USD
Coates Joshua L.
Director
- 9482
40.6379 USD
5 years ago
Aug 15, 2019
Sell 21.3 K USD
Coates Joshua L.
Director
- 518
41.1653 USD
5 years ago
Aug 05, 2019
Sell 78.1 K USD
Kaminer Matthew
Chief Legal Officer
- 2000
39.0474 USD
5 years ago
Aug 01, 2019
Sell 199 K USD
Coates Joshua L.
Director
- 5000
39.758 USD
5 years ago
Jul 22, 2019
Sell 596 K USD
Kaminsky Steven B.
Chief Financial Officer
- 14368
41.5065 USD
5 years ago
Jul 22, 2019
Sell 234 K USD
Kaminsky Steven B.
Chief Financial Officer
- 5632
41.5009 USD
5 years ago
Jul 15, 2019
Sell 429 K USD
Coates Joshua L.
Director
- 10000
42.9251 USD
5 years ago
Jul 09, 2019
Sell 137 K USD
Coates Joshua L.
Director
- 3051
44.97 USD
5 years ago
Jul 10, 2019
Sell 313 K USD
Coates Joshua L.
Director
- 6949
45 USD
5 years ago
Jul 01, 2019
Sell 213 K USD
Coates Joshua L.
Director
- 5000
42.6388 USD
5 years ago
Jun 24, 2019
Sell 81.4 K USD
Kaminer Matthew
Chief Legal Officer
- 2000
40.725 USD
5 years ago
Jun 24, 2019
Sell 399 K USD
Coates Joshua L.
Director
- 9800
40.6954 USD
5 years ago
Jun 24, 2019
Sell 8.28 K USD
Coates Joshua L.
Director
- 200
41.415 USD
5 years ago
Jun 03, 2019
Sell 136 K USD
Coates Joshua L.
director, 10 percent owner:
- 3400
39.9557 USD
5 years ago
Jun 03, 2019
Sell 65.6 K USD
Coates Joshua L.
director, 10 percent owner:
- 1600
40.9856 USD
5 years ago
May 07, 2019
Bought 105 K USD
Goldsmith Daniel Tucker
Chief Executive Officer
+ 2500
41.8507 USD
5 years ago
May 02, 2019
Sell 150 K USD
Levy Ellen
Director
- 3558
42.2325 USD
5 years ago
May 01, 2019
Sell 215 K USD
Coates Joshua L.
director, 10 percent owner:
- 5000
42.9984 USD
5 years ago
Apr 16, 2019
Sell 240 K USD
Kaminer Matthew
Chief Legal Officer
- 5000
48 USD
5 years ago
Apr 12, 2019
Sell 66.6 K USD
Kaminsky Steven B.
Chief Financial Officer
- 1401
47.5057 USD
5 years ago
Apr 15, 2019
Sell 70.7 K USD
Kaminsky Steven B.
Chief Financial Officer
- 1486
47.5977 USD
5 years ago
Apr 05, 2019
Sell 218 K USD
THOMPSON KEVIN B
Director
- 4794
45.425 USD
5 years ago
Apr 05, 2019
Sell 687 K USD
Kaminer Matthew
EVP, GC & Secretary
- 15000
45.7886 USD
5 years ago
Apr 04, 2019
Sell 272 K USD
Kaminsky Steven B.
Chief Financial Officer
- 6025
45.0878 USD
5 years ago
Apr 04, 2019
Sell 218 K USD
Kaminsky Steven B.
Chief Financial Officer
- 4833
45.0776 USD
5 years ago
Apr 03, 2019
Sell 235 K USD
Coates Joshua L.
director, 10 percent owner:
- 5000
46.918 USD
5 years ago
Apr 03, 2019
Sell 326 K USD
Kaminsky Steven B.
Chief Financial Officer
- 6853
47.5144 USD
5 years ago
Apr 01, 2019
Sell 66.7 K USD
Kaminsky Steven B.
Chief Financial Officer
- 1400
47.6536 USD
6 years ago
Jul 16, 2018
Sell 903 K USD
Kaminsky Steven B.
Chief Financial Officer
- 20000
45.1582 USD
6 years ago
Jul 02, 2018
Sell 295 K USD
Kaminer Matthew
SVP, GC & Secretary
- 7000
42.1372 USD
6 years ago
Jun 15, 2018
Sell 90 K USD
Kaminer Matthew
SVP, GC & Secretary
- 2000
45 USD
7. News
Instructure Holdings (INST) Q3 Earnings and Revenues Top Estimates Instructure Holdings (INST) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.25 per share a year ago. zacks.com - 1 week ago
EdTech Market Forecast Report 2024-2029 - Learning Management Systems (LMS) Providers such as Canvas by Instructure, Moodle, Blackboard and Schoology Dominate the Market Dublin, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The "EdTech Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering. The EdTech Market was valued at USD 334.29 Billion in 2023, and is expected to reach USD 738.60 Billion by 2029, rising at a CAGR of 14.13%. globenewswire.com - 2 weeks ago
Half of Higher Ed Institutions Now Use AI for Outcomes Tracking, But Most Lag in Implementing Comprehensive Learner Records Survey conducted by Instructure and UPCEA explores the intersection of AI and credentialing in Higher Education SALT LAKE CITY , Oct. 22, 2024 /PRNewswire/ -- I nstructure , the leading learning ecosystem and UPCEA, the online and professional education association, announced the results of a survey on whether institutions are leveraging AI to improve learner outcomes and manage records, along with the specific ways these tools are being utilized. Overall, the study revealed interest in the potential of these technologies is far outpacing adoption. prnewswire.com - 3 weeks ago
Instructure Unveils Comprehensive Lifelong Learning Report: Trends & Insights from K-12 to Career Collaboration between education and industry emerges as key to future-proofing learners, bridging the gap between academic knowledge and workforce skills SALT LAKE CITY , Oct. 22, 2024 /PRNewswire/ --  Instructure , the leading learning technology ecosystem and maker of Canvas LMS , released " The Lifelong Learning Report: Trends & Insights from K-12 to Career ," a comprehensive study analyzing the evolving landscape of education and the role technology plays in shaping the future of learning. The report provides a detailed look at the trends transforming K-12, higher education and professional learning, with a focus on how the learning management system (LMS), generative AI and new technologies are impacting educational practices across all learning stages. prnewswire.com - 3 weeks ago
Instructure Integrates Microsoft Reflect with Canvas LMS, Expands Mental Wellness Resources Ahead of World Mental Health Day SALT LAKE CITY , Oct. 9, 2024 /PRNewswire/ -- Instructure , the leading learning technology ecosystem and maker of Canvas LMS , is proud to announce a newly available complimentary integration of Microsoft Reflect into Canvas, a step designed to enhance global mental wellness support for students and educators just in time for World Mental Health Day on October 10. The integration aims to streamline social-emotional learning (SEL) within the digital classroom, through K-12 to higher education, making mental wellness resources more accessible to all Canvas users. prnewswire.com - 1 month ago
Instructure Launches First-of-its-Kind Education Policy Atlas to Aid in Identifying Funding Requirements for Every State SALT LAKE CITY , Oct. 9, 2024 /PRNewswire/ -- In keeping with an ongoing commitment to maximizing edtech effectiveness, Instructure has published the Education Policy Atlas , a valuable new resource outlining the federal, state, and funding guidelines for Every Student Succeeds Act (ESSA) evidence. Created for K-12 districts, state departments of education and edtech companies, this first-of-its-kind atlas outlines the specific evidence requirements for any state in the country. prnewswire.com - 1 month ago
Investors With Losses In Instructure Holdings Inc Are Encouraged To Contact The Schall Law Firm About An Inquiry Into Possible Securities Fraud LOS ANGELES, CA / ACCESSWIRE / August 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure Holdings, Inc. ("Instructure" or "the Company") (NYSE:INST) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Instructure board breached its fiduciary duties to shareholders. accesswire.com - 2 months ago
The Schall Law Firm Invites Shareholders To Join An Investigation Of Instructure Holdings Inc For Possible Securities Law Violations LOS ANGELES, CA / ACCESSWIRE / August 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure Holdings, Inc. ("Instructure" or "the Company") (NYSE:INST) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Instructure board breached its fiduciary duties to shareholders. accesswire.com - 2 months ago
The Schall Law Firm Is Seeking Shareholders With Losses In Instructure Holdings Inc To Join The Investigation Into Potential Securities Law Violations LOS ANGELES, CA / ACCESSWIRE / August 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure Holdings, Inc. ("Instructure" or "the Company") (NYSE:INST) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Instructure board breached its fiduciary duties to shareholders. accesswire.com - 2 months ago
Is the Options Market Predicting a Spike in Instructure (INST) Stock? Investors need to pay close attention to Instructure (INST) stock based on the movements in the options market lately. zacks.com - 2 months ago
The Schall Law Firm Is Investigating Instructure Holdings Inc For Potential Securities Violations And Seeks Investor Participation LOS ANGELES, CA / ACCESSWIRE / August 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure Holdings, Inc. ("Instructure" or "the Company") (NYSE:INST) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Instructure board breached its fiduciary duties to shareholders. accesswire.com - 2 months ago
The Schall Law Firm Encourages Shareholders To Join Instructure Holdings Inc Investigation LOS ANGELES, CA / ACCESSWIRE / August 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure Holdings, Inc. ("Instructure" or "the Company") (NYSE:INST) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Instructure board breached its fiduciary duties to shareholders. accesswire.com - 2 months ago
8. Profile Summary

Instructure Holdings, Inc. INST

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 3.47 B
Dividend Yield 0.00%
Description Instructure Holdings, Inc. provides cloud-based learning, assessment, development, and engagement systems worldwide. It offers Canvas Learning Management System that includes assessments, analytics, and learning content for K-12 and higher education institutions; Canvas Studio, an online video platform; Canvas Catalog, a course catalog and registration system; Canvas Assessment, a solution for assessments that include MasteryConnect, a robust student assessment management system, and Certica, which provides assessment content solutions and analytics to inform daily instruction in the classroom and data; Canvas Network that allows access to open online courses; Impact that helps K-12 and higher education institutions to improve technology adoption and evaluate impact of educational technology; and Elevate Data Sync, a solution that allows edtech vendors to share learning data between K-12 and higher education applications. The company was founded in 2008 and is headquartered in Salt Lake City, Utah.
Contact 6330 South 3000 East, Salt Lake City, UT, 84121 https://www.instructure.com
IPO Date July 22, 2021
Employees 1496
Officers Mr. Stephen M. Daly Chief Executive Officer & Director Ms. Melissa J. Loble Chief Academic Officer Ms. Misty D. Frost Chief Transformation Officer Mr. Brian Cully Senior Vice President of Corporate Development Mr. Mitch Lee Benson Jr. Chief Strategy Officer Mr. Yisehak Lemma Chief Information Security & Privacy Officer Mr. Chris Ball Chief Operating Officer & President Mr. David Banks Vice President of Investor Relations Ms. Kara Rogers Chief Accounting Officer Mr. Michael Lysaght Chief Technology Officer