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Clarke Inc. (T:CKI)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: 145 Hobsons Lake Dr Suite 405
Tel: N/A
IR: See website
Key People
George S. Armoyan
Executive Chairman of the Board
Michael Rapps
President, Chief Executive Officer, Director
Stephen Cyr
Chief Financial Officer, Vice President - Accounting
Business Overview
Clarke Inc. is a Canada-based investment holding company. The Company operates through the Investment segment, which includes investments in a diversified group of businesses, operating principally in Canada. The Company's objective is to maximize shareholder value. The Company evaluates the acquisition, retention and disposition of its investments. The Company generally invests in industries, including manufacturing, industrial, energy and real estate businesses. The Company owns land located at Moncton, New Brunswick and Forestville, Quebec. The Company's leased properties include land located at Riviere-du-Loup, Quebec, and office premises located at Riviere-du-Loup, Quebec; St-Simeon, Quebec; Halifax, Nova Scotia, and Toronto, Ontario.
Financial Overview
For the three months ended 31 March 2020, Clarke Inc. revenues decreased from C$55.4M to -C$40.6M. Net loss totaled C$53.1M vs. income of C$37.1M. Revenues reflect Other segment decrease of 12% to C$235K. Net loss reflects Property taxes and insurance increase of 19% to C$1.1M (expense), Depreciation increase of 3% to C$3M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from C$3.07 to -C$3.26.
Employees: 750 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $103.27M as of Mar 31, 2020
Annual revenue (TTM): $24.50M as of Mar 31, 2020
EBITDA (TTM): -$41.44M as of Mar 31, 2020
Net annual income (TTM): -$51.85M as of Mar 31, 2020
Free cash flow (TTM): $5.15M as of Mar 31, 2020
Net Debt Last Fiscal Year: $119.80M as of Mar 31, 2020
Shares outstanding: 16,213,484 as of May 4, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization