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Aegis Brands Inc. (T:AEG)

Business Focus: Restaurants & Bars (NEC)

Sector:  Consumer Cyclicals Industry:  Restaurants & Bars
 
Company Contact
Address: 2040 Yonge St., Suite 200B
TORONTO ON M4S 1Z9
Tel: N/A
Website: https://secondcup.com
IR: See website
Key People
Steven Pelton
President, Chief Executive Officer, Director
Melinda M. Lee
Chief Financial Officer
Kate Burnett
President of Bridgehead (2000) Inc.
Tara Ramsay
Vice President - People
Laurie Ouellette
Chief Financial Officer of Bridgehead
 
Business Overview
Aegis Brands Inc. is a Canada-based company that owns and operates St. Louis Bar and Grill (St. Louis) and Wing City by St. Louis (Wing City). St. Louis Bar & Grill service wings, fries, and garlic dill sauce, and their local neighborhood restaurants offer service in a casual sports bar and grill setting. Certain of St. Louis products are available for purchase at selected grocery retailers in Canada and online through their application and Amazon. It undertook construction on two Wing City fast-casual locations in Toronto. Wing City focuses on offering St. Louis wings, boneless, plant-based wings and fries and dill sauce. The menu also includes various items, such as chicken fried ribs, and a chicken thigh sandwich. It owns about 73 St. Louis franchised locations across Canada and three corporately owned restaurants.
Financial Overview
For the fiscal year ended 31 December 2023, Aegis Brands Inc revenues increased from C$2M to C$16.9M. Net loss before extraordinary items decreased 87% to C$1M. Revenues reflect Wing City segment increase from C$0K to C$11K. Lower net loss reflects Revaluation of securities, warrants, and decrease of 100% to C$9K (expense), Acquisition related costs decrease from C$571K (expense) to C$0K.
Employees: 122 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $68.49M as of Dec 31, 2023
Annual revenue (TTM): $16.94M as of Dec 31, 2023
EBITDA (TTM): $3.48M as of Dec 31, 2023
Net annual income (TTM): -$1.00M as of Dec 31, 2023
Free cash flow (TTM): -$2.26M as of Dec 31, 2023
Net Debt Last Fiscal Year: $34.47M as of Dec 31, 2023
Shares outstanding: 85,287,167 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization