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Blender Bites Limited (C:BITE)

Business Focus: Fruit & Vegetable Processing

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: #800 - 1199 West Hastings Street
VANCOUVER BC V6E 3T5
Tel: N/A
Website: https://www.buyapowa.com
IR: See website
Key People
N/A    
Business Overview
Blender Bites Limited is a Canadian company focused on the development and sale of premium frozen beverage products. The Company operates through the sale of frozen smoothie products segment. The Company's offer products which are organic, vegan, non-genetically modified organisms (GMO), gluten free, dairy free and soy free. It contains ingredients such as whole food vitamins, collagen, and probiotics. The Company's brands 1-Step Smoothies and 1-Step Frappes are distributed across Canada and the United States. Its Smoothies include Power Berry, Green D-Tox, Daily Defen-C, Liquid Sunshine, And Tropical Glow. It offers Frappes, such as Mindful Mocha, Caramel Collagen, and Vanilla Bean-Bio. The Company through its subsidiary, Advanced Sports Nutrition Inc., holds intellectual property rights to the scientific data and discoveries derived from a human clinical trial on the optimal dosage of cannabidiol (CBD) for athletic recovery.
Financial Overview
For the nine months ended 31 July 2023, Blender Bites Ltd revenues decreased 38% to C$1.9M. Net loss increased 86% to C$6.9M. Revenues reflect Sale of frozen smoothie products segment decrease of 18% to C$1.9M. Higher net loss reflects Sale of frozen smoothie products segment loss increase from C$2.3M to C$6.9M. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.96 to -C$1.31.
Reporting Currency: Canadian Dollars
Enterprise value: $14.61M as of Jul 31, 2023
Annual revenue (TTM): $2.65M as of Jul 31, 2023
EBITDA (TTM): -$7.72M as of Jul 31, 2023
Net annual income (TTM): -$7.85M as of Jul 31, 2023
Free cash flow (TTM): -$3.86M as of Jul 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,455,508 as of Dec 20, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization