Emerge Commerce Ltd. (V:ECOM)
Business Focus: E-commerce & Auction Services
| Sector: Technology | Industry: Online Services |
| Company Contact | |
| Address: | 183 Bathurst Street, Suite 302 Toronto ON M5T 2R7 |
| Tel: | N/A |
| Website: | https://www.emerge-commerce.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| Ghassan Halazon President, Chief Executive Officer, Director | Jonathan Leong Chief Financial Officer, Company Secretary | Fazal Khaishgi Chief Operating Officer |
| Business Overview |
| EMERGE Commerce Ltd. is a Canada-based operator of e-commerce brand portfolio in Canada and the United States. The Company's subscription and marketplace e-commerce properties provide its members with access to offerings across grocery and golf verticals. The Company offers merchants and other third-party advertisers a platform to display online advertisements within its e-commerce marketplaces. Its grocery businesses include truLOCAL.ca, its premium meat subscription brand, and Carnivore Club, its artisanal / cured meat brand. Its golf businesses include UnderPar, its discounted tee-times/ experiences business, and JustGolfStuff, its golf products and apparel brand. Its brands connect consumers shopping online with merchants seeking new and repeat customers. The Company's subsidiaries include Emerge Brands Inc., Emerge US Holdings LLC, truLOCAL Inc., truLOCAL US., Inc., Carnivore Club, LLC, and Athletesvideo Ltd., among others. |
| Financial Overview |
| For the nine months ended 30 September 2023, Emerge Commerce Ltd revenues decreased 24% to C$18.6M. Net loss before extraordinary items increased from C$2.1M to C$4.3M. Revenues reflect US segment decrease of 79% to C$5M, Canada segment decrease of 33% to C$12.6M. Higher net loss reflects Foreign exchange and other gains (losses decrease from C$2.4M (income) to C$11K (expense), Other Non Operating I/E decrease of 83% to C$303K (income). |
| Employees: | 120 as of Dec 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $25.08M as of Sep 30, 2023 |
| Annual revenue (TTM): | $33.86M as of Sep 30, 2023 |
| EBITDA (TTM): | $1.96M as of Sep 30, 2023 |
| Net annual income (TTM): | -$19.79M as of Sep 30, 2023 |
| Free cash flow (TTM): | $4.00M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $15.95M as of Sep 30, 2023 |
| Shares outstanding: | 123,682,652 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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