Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Ostrom Climate Solutions Inc. (V:COO)

Business Focus: Environmental Services & Equipment (NEC)

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