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 six months ended 30 November 2023, Aduro Clean Technologies Inc revenues increased from C$0K to C$132K. Net loss increased 51% to C$3.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Research and development increase of 57% to C$1.3M (expense), General and administrative - Balancing increase of 53% to C$1.1M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $92.58M as of Nov 30, 2023 |
Annual revenue (TTM): | $0.24M as of Nov 30, 2023 |
EBITDA (TTM): | -$6.78M as of Nov 30, 2023 |
Net annual income (TTM): | -$7.09M as of Nov 30, 2023 |
Free cash flow (TTM): | -$6.56M as of Nov 30, 2023 |
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 |