Sector: Industrials | Industry: Environmental Services & Equipment |
Company Contact | |
Address: | Suite 300-948 Homer Street, VANCOUVER BC V6B 2W7 |
Tel: | N/A |
Website: | https://ostromclimate.com |
IR: | See website |
Key People | ||
Navdeep Dhaliwal Chairman of the Board | Phillip Cull Chief Executive Officer, Director | Rosita Morandin Chief Financial Officer |
Business Overview |
Ostrom Climate Solutions Inc. is a Canada-based provider of carbon management solutions. The Company's business is climate risk management, both physical and transition for corporations, environmental commodity developments and climate change mitigation activities. The Company has four divisions, including Carbon Management and Innovation, Domestic Land Use, International Land Use and a Retail Offset Sales business delivered as the Offsetters Community. Its services include climate solutions advisory, nature-based solutions, and clean technology and industrial innovation. It specializes in a range of industrial sectors and technology types, including built environment, bioenergy systems, smart transportation technologies and others. Its projects include 5 Fuel Switch Projects, Great Bear Forest Carbon Project, Forest & Biodiversity Conservation Program, Life Cycle Assessments of Three Products, Aratu Fuel Switch Project, Quadra Island Forestland Conservation Project and others. |
Financial Overview |
For the nine months ended 30 September 2023, Ostrom Climate Solutions Inc revenues decreased 11% to C$2M. Net loss increased from C$473K to C$987K. Revenues reflect Canada segment decrease of 16% to C$1.6M. Higher net loss reflects Salaries, management fees and benefits increase of 39% to C$1.5M (expense), Consulting fees increase of 16% to C$96K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $8.71M as of Sep 30, 2023 |
Annual revenue (TTM): | $3.70M as of Sep 30, 2023 |
EBITDA (TTM): | -$1.14M as of Sep 30, 2023 |
Net annual income (TTM): | -$1.00M as of Sep 30, 2023 |
Free cash flow (TTM): | -$0.03M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $0.44M as of Sep 30, 2023 |
Shares outstanding: | 97,351,113 as of Feb 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |