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NamSys Inc. (V:CTZ)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
 
Company Contact
Address: 150 King Street West,, Suite #274
TORONTO ON M5H 1J9
Tel: N/A
Website: https://namsys.com
IR: See website
Key People
K. Barry Sparks
Executive Chairman of the Board
Jason B. Siemens
President, Chief Executive Officer, Director
Christopher Adams
Chief Financial Officer
Christie Gray
Chief Operating Officer
Milo Gancarz
Chief Information Officer
Leslie T. Gord
Corporate Secretary, Independent Director
Business Overview
NamSys Inc. offers software solutions for currency management and processing for the banking and merchant industries principally in North America. It offers Cirreon and Currency Controller software subscriptions and hosted services, upgrading license holder's systems, training, consulting and maintenance and product support of legacy systems. Its solutions include smart safe monitoring, cash-in-transit logistics, cash vault management, deposit tracking and online change orders. The Cirreon smart safe is an open, cloud-based digital platform, which helps banks and armored carriers streamline cash management and bridge the daily credit gap for their customers. The Cirreon cash-in-transit logistics lets to map out the logistics of armored carrier's activity in an electronic process. It provides Cirreon Banking to track deposits in detail with simple interfaces, comprehensive reporting, and complete visibility. It serves financial institutions, cash-in-transit, and smart safe industries.
Financial Overview
For the fiscal year ended 31 October 2023, NamSys Inc revenues increased 13% to C$6.1M. Net income increased 16% to C$1.6M. Revenues reflect Professional services segment increase of 22% to C$85K, United States segment increase of 11% to C$4.8M, Mexico segment increase of 51% to C$482K. Net income benefited from Interest income increase from C$6K to C$195K (income), Depreciation in SGA decrease of 40% to C$7K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $18.50M as of Oct 31, 2023
Annual revenue (TTM): $6.09M as of Oct 31, 2023
EBITDA (TTM): $2.11M as of Oct 31, 2023
Net annual income (TTM): $1.61M as of Oct 31, 2023
Free cash flow (TTM): $1.65M as of Oct 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,075,032 as of Mar 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization