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CLEANTEK Industries Inc. (V:CTEK)

Business Focus: Industrial Machinery & Equipment (NEC)

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
Company Contact
Address: 3200 - 500, 4th Avenue South West
CALGARY AB T2P 2V6
Tel: N/A
Website: https://www.cleantekinc.com
IR: See website
Key People
Eric Laing
President, Chief Executive Officer, Director
Susan Scullion
Chief Financial Officer, Corporate Secretary
 
Business Overview
Cleantek Industries Inc. is a Canada-based clean energy technology company. The Company is focused on ESG accretive technology solutions with operations across North America. It has developed and commercialized its patented wastewater dehydration technology, the ZeroE, which it rents to its customers for use at gas processing facilities and on drilling rigs focused on hydro-sustainability. The Company's ZeroE technology separates wastewater into clean water, which is evaporated and returned to the natural hydrological cycle, and concentrated brine, which is disposed of using traditional means. The ZeroE technology is powered by the waste heat generated from the engine exhaust of gas plants and drilling rigs. Its ZeroE technology is the suit of low carbon LED lighting systems containing the Company's patented Solar Hybrid lighting systems and HALO Crown mounted lighting systems.
Financial Overview
For the fiscal year ended 31 December 2022, CLEANTEK Industries Inc revenues increased 49% to C$13.1M. Net loss decreased 40% to C$3.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Selling/General/Admin Expense decrease from C$5.1M (expense) to C$0K, Selling/General/Admin Expens decrease from C$2.2M (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $16.15M as of Dec 31, 2022
Annual revenue (TTM): $8.82M as of Dec 31, 2022
EBITDA (TTM): -$6.63M as of Dec 31, 2022
Net annual income (TTM): -$5.96M as of Dec 31, 2022
Free cash flow (TTM): -$3.33M as of Dec 31, 2022
Net Debt Last Fiscal Year: $7.47M as of Dec 31, 2022
Shares outstanding: 27,762,044 as of Dec 28, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization