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Corsa Coal Corp. (V:CSO)

Business Focus: Coal

Sector:  Energy Industry:  Coal
See Regulatory Filings on SEDAR
Company Contact
Address: 1576 Stoystown Road,
PO Box 260
Tel: N/A
IR: See website
Key People
Robert C. Sturdivant
Chairman of the Board
Peter V. Merritts
Chief Executive Officer
Kevin M. Harrigan
Chief Financial Officer, Corporate Secretary
Frederick N Cushmore
Vice President and Head of International Sales
Business Overview
Corsa Coal Corp. (Corsa) is a United States-based supplier of metallurgical coal, an ingredient in the production of steel, and thermal and industrial coal used by transportation-advantaged customers in the Southeast region of the United States. Corsa's business is supplying metallurgical coal to domestic, international steel and coke producers. The Company being a strategic source of supply in the Atlantic and Pacific basin markets. Corsa operates through three segments Northern Appalachia Division (NAPP), Central Appalachia Division (CAPP) and Corporate. NAPP is based in Somerset, Pennsylvania, United States and is primarily focused on metallurgical coal production in the states of Pennsylvania and Maryland. Corsa markets and sells its NAPP coal to customers in North America, Europe, South America and Asia. CAPP is based in Knoxville, Tennessee, United States and is focused on thermal and industrial coal production in the Central Appalachia coal region of the United States.
Financial Overview
For the three months ended 31 March 2021, Corsa CoalCorp revenues decreased 47% to $24.6M. Net loss decreased29% to $4.4M. Revenues reflect Metallurgical coal salesdecrease of 49% to $23.7M, Tolling revenue decrease of 92%to $30K. Basic Earnings per Share excluding ExtraordinaryItems increased from -$0.06 to -$0.05.
Employees: 280 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $63.40M as of Mar 31, 2021
Annual revenue (TTM): $133.07M as of Mar 31, 2021
EBITDA (TTM): -$12.76M as of Mar 31, 2021
Net annual income (TTM): -$68.73M as of Mar 31, 2021
Free cash flow (TTM): $2.65M as of Mar 31, 2021
Net Debt Last Fiscal Year: $16.81M as of Mar 31, 2021
Shares outstanding: 103,275,076 as of Jun 18, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization