There’s nothing like an ASIC alert on a Saturday afternoon — Australia’s biggest tech company filing its financial results — to get a startup correspondent back in front of their computer.
After all, Canva is as close to the Australian tech community’s obsession as Travis and Taylor are for Swifties.
The 2021 and 2022 accounts Canva belatedly filed with ASIC last week did contain several genuinely newsworthy items: the company paid $22.5 million for AI startup MagicBrief, restructured under a Delaware parent company and consolidated international subsidiaries. All typical pre-IPO moves.
They also show surging revenue growth ($936 million in 2022, up 57% from 2021) and deep statutory losses of $222 million.
