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Braille Energy Systems Inc. (V:BES)

Business Focus: Automotive Batteries

Sector:  Consumer Cyclicals Industry:  Auto, Truck & Motorcycle Parts
 
Company Contact
Address: 945 Princess Street, Box 117
KINGSTON ON K7L 0E9
Tel: N/A
Website: https://brailleenergy.com
IR: See website
Key People
Lindsay Weatherdon
President, Chief Executive Officer, Director
Judith Mazvihwa-Maclean
Chief Financial Officer
 
Business Overview
Braille Energy Systems Inc. is a Canada-based battery-manufacturing and energy storage company. The Company is engaged in supplying batteries to the professional motor sports industry and supplies a complete line of lightweight high-powered battery systems for the transportation market. The Company is a provider for a number of professional auto racing series, including Indycar, DTM, SuperGT and Australian V8 Supercars, along with many of the prototypes and GT cars in the IMSA TUDOR sports car series. It is also a supplier to teams in Open Wheel, Drag Racing, Rally, and SCCA. Its brand names include Micro-lite, Green-lite, Super 16 Volt Lithium, Intensity, Intensity Carbon, and Fleet-lite. Its AGM brands include Endurance Series, Carbon AGM and Lightweight AGM. It is also focused on development of the ELECTRAFY brand, which primarily focuses on the design and manufacturing of fully integrated Back-up Power Systems (BPS), as well as stand-alone Energy Storage Systems (ESS).
Financial Overview
For the three months ended 31 December 2023, Braille Energy Systems Inc revenues decreased less than 1% to C$873K. Net loss decreased 40% to C$476K. Revenues reflect market conditions. Lower net loss reflects Professional fees decrease of 89% to C$15K (expense), Salaries and benefits decrease of 33% to C$191K (expense), Office decrease of 46% to C$91K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $9.96M as of Dec 31, 2023
Annual revenue (TTM): $3.76M as of Dec 31, 2023
EBITDA (TTM): -$2.34M as of Dec 31, 2023
Net annual income (TTM): -$2.47M as of Dec 31, 2023
Free cash flow (TTM): -$1.99M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.36M as of Dec 31, 2023
Shares outstanding: 91,675,038 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization