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ECN Capital Corp. (T:ECN)

Business Focus: Corporate Financial Services

Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEDAR
Company Contact
Address: 181 Bay Street
Tel: 1-647-6494634
IR: See website
Key People
William W. Lovatt
Independent Chairman of the Board
Steven K. Hudson
Chief Executive Officer, Director
Michael Lepore
Chief Financial Officer
Scott William Shaw
President - Kessler Financial Services, LLC
Loreto Grimaldi
Senior Vice President, General Counsel, Corporate Secretary
Business Overview
ECN Capital Corp is a Canada-based finance company. The Company is focused on providing asset solutions for the financial industry. It originates, services, structures and manages financial products and provides advisory services for financial institutions. The Company is operating through three market businesses, such as Service Finance, Triad Financial Services and The Kessler Group. Its Service Finance, which provides home improvement loans. Triad Financial Services is for manufactured home loans. The Kessler Group, which offers consumer credit card portfolios. The Company is offering unsecured and secured consumer loan and credit card portfolios.
Financial Overview
For the fiscal year ended 31 December 2019, ECN Capital Corp revenues increased 22% to $248M. Net income applicable to common stockholders excluding extraordinary items totaled $764K vs. loss of $12.5M. Revenues reflect Kessler- Consumer Credit Cards segment increase of 36% to $84.5M, Service Finance- Unsecured Consumer Loans segment increase of 24% to $101.1M. Net Income reflects Business acquisition costs decrease of 84% to $2.2M (expense).
Employees: 570 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,640M as of Dec 31, 2019
Annual revenue (TTM): $351.33M as of Dec 31, 2019
EBITDA (TTM): $99.13M as of Dec 31, 2019
Net annual income (TTM): $1.08M as of Dec 31, 2019
Free cash flow (TTM): $339.38M as of Dec 31, 2019
Net Debt Last Fiscal Year: $536.66M as of Dec 31, 2019
Shares outstanding: 240,127,585 as of Jan 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization