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Axis Auto Finance Inc. (T:AXIS)

Business Focus: Personal & Car Loans

Sector:  Financials Industry:  Consumer Lending
 
Company Contact
Address: 165 Galaxy Boulevard, 2nd Floor
ETOBICOKE ON M9W 0C8
Tel: N/A
Website: https://www.axisautofinance.com/welcome-to-axis-auto-finance
IR: See website
Key People
Todd Hudson
Chairman of the Board, Chief Executive Officer
Ilja Troitschanski
President, Director
Richard Lloyd
Chief Financial Officer
Peter Mazzei
President - Axis Equipment Finance
   
Business Overview
Axis Auto Finance Inc. is a Canada-based financial technology company. The Company is a financial technology lender, providing alternative used vehicle financing to consumers located in Canada. Through its direct-to-consumer portal, DriveAxis.ca, customers can choose their next used vehicle, arrange financing, and get the car delivered to their home. In addition, the Company focuses on business to business (B2B) non-prime auto loan originations by delivering advanced technology solutions and superior service to its dealer partner network. The Company's subsidiaries include Axis Auto Finance Services Corp., Axis Equipment Finance Inc., Cars on Credit Financial Inc., Trend Financial Corp., and Axis Auto Finance Lending Corp. Its Axis Equipment Finance Inc. provides commercial equipment leasing and financing solutions.
Financial Overview
For the three months ended 30 September 2023, Axis Auto Finance Inc revenues decreased 2% to C$10M. Net loss increased from C$908K to C$2.3M. Revenues reflect Automotive lending segment decrease of 11% to C$8.3M. Higher net loss reflects Interest expense - Balancing value increase of 64% to C$4.2M (expense), Acquisitions and integration increase from C$23K to C$262K (expense).
Employees: 150 as of Jun 30, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $184.41M as of Sep 30, 2023
Annual revenue (TTM): $40.35M as of Sep 30, 2023
EBITDA (TTM): $4.01M as of Sep 30, 2023
Net annual income (TTM): -$27.60M as of Sep 30, 2023
Free cash flow (TTM): -$34.96M as of Sep 30, 2023
Net Debt Last Fiscal Year: $180.24M as of Sep 30, 2023
Shares outstanding: 121,374,164 as of Mar 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization