Avidus Management Group Inc. (V:AVD)
Business Focus: Special Foods & Wellbeing Products
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| Company Contact | |
| Address: | 10153 E Hampton Ave Ste 101 MESA AZ 85209-3326 |
| Tel: | N/A |
| Website: | www.avidusmanagementgroup.com |
| IR: | See website |
| Key People | ||
| Douglas Ridley President, Chief Executive Officer, Director | Camille Transtrum Chief Financial Officer | Daniel Lundell Chief Operating Officer, Director |
| Business Overview |
| Avidus Management Group Inc. (Avidus) is engaged in marketing and distribution of nutraceuticals and health aids to retail vendors and to individuals or businesses. The Company through its wholly owned subsidiaries, Asantae, Inc. (Asantae) and Truestar Health Group Inc. (Truestar), develops, produces and markets brands of nutritional products through direct and network marketing channels. Avidus' brands include Asantae, Akea and Truestar. Asantae includes two products IS2, a functional beverage that supports the body's natural ability to protect, fight and rebuild against the effects of injury, illness and disease, and RealW8, a weight loss supplement. Akea is a supplement consisting of natural ingredients that work synergistically to provide the body the nutrients it needs. Truestar is a personal profiling total health program, which includes a suite of over 30 products and resources that are used to create nutritional, diet and exercise plans. |
| Financial Overview |
| For the nine months ended 30 September 2015, Avidus Management Group Inc revenues decreased 10% to $2.6M. Net loss decreased 38% to $938K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Gain on settlement of debt increase from $0K to $929K (income), Share-based payments decrease of 96% to $4K (expense), Travel and entertainment decrease of 65% to $23K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1.12M as of Sep 30, 2015 |
| Annual revenue (TTM): | $3.85M as of Sep 30, 2015 |
| EBITDA (TTM): | -$2.88M as of Sep 30, 2015 |
| Net annual income (TTM): | -$3.55M as of Sep 30, 2015 |
| Free cash flow (TTM): | -$2.30M as of Sep 30, 2015 |
| Net Debt Last Fiscal Year: | $1.12M as of Sep 30, 2015 |
| Shares outstanding: | 125,479,300 as of Jan 27, 2016 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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