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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
TORONTO ON M5R 1G4
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/or equity financing solutions to companies across many industries such as manufacturing, retail, financial services, technology, cannabis, biotechnology, oil and gas, mining, and cryptocurrency. The Company focuses on small to mid-sized private and public companies that require financing. It provides advisory services that range from go-public to mergers and acquisitions. It provides various services, including strategic financing, go-public transaction, and corporate advisory services. The strategic financing provides financing solutions ranging from bridge loans, convertible debentures, straight debt, and equity. The go-public transaction guides its clients through the legal, compliance, and regulatory issues. It offers mergers and acquisitions advisory services, including sourcing opportunities and resolving any transaction issues.
Financial Overview
For the six months ended 30 June 2022, Fountain Asset Corp revenues decreased from C$6M to -C$6.5M. Net loss totaled C$7.1M vs. income of C$5.3M. Revenues reflect Unrealized/FV Adjust on Trading Invest. decrease from C$4.3M to -C$4.5M, Net realized gains (losses) on portfolio decrease from C$1.6M to -C$2M, Interest and dividend income decrease of 80% to C$13K.
Reporting Currency: Canadian Dollars
Enterprise value: $9.43M as of Jun 30, 2022
Annual revenue (TTM): $-10.10M as of Jun 30, 2022
EBITDA (TTM): -$11.51M as of Jun 30, 2022
Net annual income (TTM): -$11.58M as of Jun 30, 2022
Free cash flow (TTM): -$0.87M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 61,864,462 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization