Aduro Clean Technologies Inc. (C:ACT)
Business Focus: Environmental Services & Equipment (NEC)
| Sector: Industrials | Industry: Environmental Services & Equipment |
| Company Contact | |
| Address: | #104 - 1086 Modeland Road SARNIA ON N7S 6L2 |
| Tel: | N/A |
| Website: | https://adurocleantech.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Aduro Clean Technologies Inc. is a Canada-based clean technology company. The Company is a developer of water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil, and transform renewable oils into higher-value fuels or renewable chemicals. Its chemical recycling platform features three water-based technologies: Hydrochemolytic Plastics Upcycling (HPU), Hydrochemolytic Renewables Upgrading (HRU) and Hydrochemolytic Bitumen Upgrading (HBU). The Company's HPU transforms plastics into useful feedstocks in the circular economy for production of new plastics and foams, paints and coatings, and detergents, or into high performance fuels. Its HRU transforms renewable oils into renewable motor fuels, bio-jet fuel, and specialty chemicals at relatively low temperatures. Its HBU transforms heavy crude oil and bitumen into light synthetic crude co-processing biobased feedstocks, such as cellulose or glycerol. |
| Financial Overview |
| For the nine months ended 29 February 2024, Aduro Clean Technologies Inc revenues increased from C$58K to C$235K. Net loss increased 33% to C$5.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects plastics and tire rubber to specialty chemical segment loss increase from C$1.8M to C$5.7M. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $92.58M as of Feb 29, 2024 |
| Annual revenue (TTM): | $0.29M as of Feb 29, 2024 |
| EBITDA (TTM): | -$6.88M as of Feb 29, 2024 |
| Net annual income (TTM): | -$7.27M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$7.10M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 68,902,663 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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