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Fountain Asset Corp. (V:FA)

Business Focus: Merchant Banks

Sector:  Financials Industry:  Investment Banking & Brokerage Services
See Regulatory Filings on SEDAR
Company Contact
Address: 99 Scollard St
Tel: N/A
IR: See website
Key People
Paul Albert Kelly
Chairman of the Board
Andrew Parks
President, Chief Executive Officer, Director
Michael G. Leskovec
Chief Financial Officer
Business Overview
Fountain Asset Corp., formerly GC Global Capital Corp., is a merchant bank, which provides a range of merchant banking services to small and mid-size companies in North America in both the public and private markets. These services can include equity financing, asset-based lending, mergers and acquisitions advisory, operational management support and facilitating various debt and equity financing structures. It provides multiple levels of capital structuring, including common equity, preferred shares, convertible debt and bridge loans. It also provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services. It provides customized service-oriented support in going public. The Company provides its services to companies across a range of industries, such as oil and gas, mining, real estate, gaming, manufacturing, retail, financial services, technology and biotechnology.
Financial Overview
For the three months ended 31 March 2021, FountainAsset Corp revenues increased from -C$1.9M to C$5.1M. Netincome totaled C$4.8M vs. loss of C$2M. Revenues reflectUnrealized/FV Adjust on Trading Invest. increase from-C$805K to C$4.5M, Net realized gain (losses) on portfolioincrease from -C$1.1M to C$561K, Interest and dividendincome increase from C$0K to C$7K. Net Income reflectsAudit and legal fees decrease of 87% to C$5K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $14.42M as of Mar 31, 2021
Annual revenue (TTM): $9.64M as of Mar 31, 2021
EBITDA (TTM): $8.47M as of Mar 31, 2021
Net annual income (TTM): $9.46M as of Mar 31, 2021
Free cash flow (TTM): $1.91M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 61,952,222 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization