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Clean Seed Capital Group Ltd. (V:CSX)

Business Focus: Agricultural Machinery

Sector:  Industrials Industry:  Heavy Machinery & Vehicles
 
Company Contact
Address: 7541 Conway Ave
BURNABY BC V5E 2P7
Tel: 1-604-5669895
Website: https://www.cleanseedcapital.com
IR: See website
Key People
Graeme Lempriere
Chairman of the Board, Chief Executive Officer
Colin M. Rush
President, Chief Operating Officer, Director
Steven Brassard
Chief Financial Officer, Corporate Secretary
Business Overview
Clean Seed Capital Group Ltd. is a Canada-based company, which is the creator of SMART Seeder technology, as well as additional complementary technologies. The Company creates, designs and develops its portfolio of intellectual property into smart technologies that balance the productivity and sustainability of the seeding operation. It operates in the precision seeding and planting segment of the agricultural industry. Its SMART Seeder technology contributes to the global farming community's ability to meet future agricultural crop production demands in an environmentally focused manner. It designs its SMART Seeding technology to create a farmer-driven rethink of existing air seeding and planting equipment products in the marketplace. With its SMART Seeder technology, farmers and their agronomists can apply high-resolution prescriptions that place optimal amounts of seed, fertilizer and amendments inside each and every furrow at each ground contact (opener) point across the field.
Financial Overview
For the nine months ended 31 March 2023, Clean Seed Capital Group Ltd revenues decreased from C$1.3M to C$0K. Net loss increased from C$1.4M to C$2.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Research and development increase of 69% to C$226K (expense), Premises increase from C$63K to C$150K (expense), Interest increase of 20% to C$319K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $12.36M as of Mar 31, 2023
Annual revenue (TTM): $0.00M as of Mar 31, 2023
EBITDA (TTM): -$2.28M as of Mar 31, 2023
Net annual income (TTM): -$4.12M as of Mar 31, 2023
Free cash flow (TTM): -$1.63M as of Mar 31, 2023
Net Debt Last Fiscal Year: $5.59M as of Mar 31, 2023
Shares outstanding: 95,056,869 as of Oct 23, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization