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Clear Blue Technologies International Inc. (V:CBLU)

Business Focus: Photovoltaic Solar Systems & Equipment

Sector:  Energy Industry:  Renewable Energy Equipment & Services
 
Company Contact
Address: 30 Lesmill Road, Unit #7
TORONTO ON M3B 2T6
Tel: N/A
Website: https://www.clearbluetechnologies.com
IR: See website
Key People
Miriam Tuerk
Co-Founder, Chief Executive Officer and Director
Mark Windrim
Co-Founder, Chief Technology Officer and Director
John Tuerk
Co-Founder, Chief Power Officer and Director
Farrukh Anwar
Chief Financial Officer
   
Business Overview
Clear Blue Technologies International Inc. is a Canada-based company, which is engaged in the business of developing and selling Smart Off-Grid power solutions and management services. It provides its solutions and services to power, control, monitor, manage, and proactively service solar and hybrid-powered systems, such as streetlights, security systems, telecommunications systems, emergency power, and Internet of things (IoT) devices. Its Smart Power system includes a solar or solar-hybrid controller, a built-in communications network, and Illumience. Illumience is the Company's Smart Power cloud application and management service, delivering remote control, management, and proactive servicing of off-grid systems. Its patented technology, delivered through the Energy-as-a-Service model, allows systems to be installed anywhere and managed over the Internet to deliver connectivity to remote and rural areas. Its Smart Off-Grid power systems are in 37 countries around the world.
Financial Overview
For the nine months ended 30 September 2023, Clear Blue Technologies InternationalInc revenues increased 34% to C$3.3M. Net loss decreased 18% to C$3.2M. Revenues reflect USA segment increase from C$274K to C$1.2M, MEA segment increase of 19% to C$1.6M. Lower net loss reflects Salaries, wages and benefits decrease of 27% to C$1.1M (expense), Foreign exchange gain (loss) increase from C$25K (expense) to C$285K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $16.58M as of Sep 30, 2023
Annual revenue (TTM): $3.47M as of Sep 30, 2023
EBITDA (TTM): -$3.32M as of Sep 30, 2023
Net annual income (TTM): -$5.05M as of Sep 30, 2023
Free cash flow (TTM): -$5.46M as of Sep 30, 2023
Net Debt Last Fiscal Year: $9.90M as of Sep 30, 2023
Shares outstanding: 124,021,237 as of Dec 29, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization