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Fountain Asset Corp. (V:FA)

Business Focus: Merchant Banks

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
Company Contact
Address: Unit 609, 3 Market Street
TORONTO ON M5E 0A3
Tel: N/A
Website: www.fountainassetcorp.com
IR: See website
Key People
Andrew Parks
President, Chief Executive Officer, Director
Matthew Davis
Chief Financial Officer
 
Business Overview
Fountain Asset Corp. is a Canada-based investment company. The Company is focused on creating shareholder value by offering various debt and equity financing solutions to companies across a variety of industries, including manufacturing, retail, financial services, technology, cannabis, biotechnology, oil and gas, mining, and cryptocurrency. It provides merchant bank services, which include equity financing, asset-based lending, mergers and acquisitions advisory, operational management support and facilitating various debt and equity financing structures. It invests in companies with products, market penetration and management teams. Its subsidiaries include 2400918 Ontario Inc. and Fountain Advisors Corp.
Financial Overview
For the nine months ended 30 September 2023, Fountain Asset Corp revenues increased 83% to -C$1.1M. Net loss decreased 77% to C$1.6M. Revenues reflect Unrealized/FV Adjust on Trading Invest. increase from -C$4.1M to C$797K, Net realized losses on portfolio investm increase of 12% to -C$1.9M, Interest and dividend income increase of 10% to C$23K. Lower net loss reflects Bad debt decrease from C$129K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $1.62M as of Sep 30, 2023
Annual revenue (TTM): $-2.03M as of Sep 30, 2023
EBITDA (TTM): -$3.23M as of Sep 30, 2023
Net annual income (TTM): -$3.20M as of Sep 30, 2023
Free cash flow (TTM): -$0.91M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 61,952,222 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization