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Chesswood Group Limited (T:CHW)

Business Focus: Corporate Financial Services

Sector:  Financials Industry:  Corporate Financial Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 156 Duncan Mill Rd Suite 15
TORONTO ON M3B 3N2
Tel: N/A
Website: https://www.chesswoodgroup.com
IR: See website
Key People
Frederick W. Steiner
Independent Chairman of the Board
Barry W. Shafran
President, Chief Executive Officer, Director
Lisa Stevenson
Director of Finance
Business Overview
Chesswood Group Limited is engaged in financial services businesses. The Company operates through two segments: Equipment Financing-U.S. and Equipment Financing-Canada. The Equipment Financing-U.S. segment is involved in small-ticket equipment leasing and lending to small businesses. The Equipment Financing-Canada segment provides commercial equipment financing to small businesses in Canada. Through its interests in subsidiaries, the Company is engaged in providing micro and small-ticket equipment financing to small businesses; providing working capital loans to small businesses in over 30 states of the United States; providing commercial equipment financing to small and medium businesses in Canada; holding a portfolio of legal finance receivables in the United States.
Financial Overview
For the three months ended 31 March 2020, Chesswood Group Ltd revenues increased 8% to C$33.3M. Net loss before extraordinary items totaled C$18.2M vs. income of C$2.9M. Revenues reflect Equipment finance-U.S segment increase of 11% to C$29.1M, United States segment increase of 11% to C$29.1M. Net loss reflects Other expenses increase of 13% to C$4.9M (expense), Personnel expenses increase of 9% to C$5.4M (expense).
Employees: 103 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $784.56M as of Mar 31, 2020
Annual revenue (TTM): $129.53M as of Mar 31, 2020
EBITDA (TTM): $6.30M as of Mar 31, 2020
Net annual income (TTM): -$9.42M as of Mar 31, 2020
Free cash flow (TTM): -$131.49M as of Mar 31, 2020
Net Debt Last Fiscal Year: $793.49M as of Mar 31, 2020
Shares outstanding: 16,284,961 as of Jul 23, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization