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Flow Beverage Corp. (T:FLOW)

Business Focus: Non-Alcoholic Beverages (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Non-Alcoholic Beverages
Company Contact
Address: 155 Industrial Parkway South, Unit 7-10
Tel: N/A
Website: N/A
Key People
Nicholas Reichenbach
Executive Chairman of the Board, Founder
Maurizio Patarnello
Chief Executive Officer
Devan Chandler Pennell
Chief Financial Officer
Krissie Millan
Chief Marketing Officer
Tim Dwyer
Chief Revenue Officer
Business Overview
Flow Beverage Corp. is a Canada-based premium water company. The Company is engaged in the business of extraction, value-added packaging, and sale of water in Canada and the United States. Its portfolio includes original naturally alkaline spring water, organic flavors, vitamin-infused and collagen-infused, all in a sustainable package. The Company's products categories include Original, Flavored and Collagen. The Company offers a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water, organic flavors, and collagen-infused flavors in sizes ranging from 330 milliliter (ml) to one liter. The Company's products contain naturally occurring electrolytes and essential minerals and support. Its beverage products are available online at and are sold at over 54, 000 stores across North America.
Financial Overview
For the nine months ended 31 July 2023, Flow Beverage Corp revenues increased 12% to C$37.6M. Net loss decreased 11% to C$29.4M. Revenues reflect Packaged water segment increase of 39% to C$34M, Canada segment increase of 34% to C$22M. Lower net loss reflects Share-based compensation decrease of 64% to C$2.1M (expense), FV/Uls Adjust on Derivatives for Hedging decrease of 93% to C$88K (expense).
Employees: 214 as of Oct 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $29.99M as of Jul 31, 2023
Annual revenue (TTM): $51.16M as of Jul 31, 2023
EBITDA (TTM): -$33.45M as of Jul 31, 2023
Net annual income (TTM): -$43.99M as of Jul 31, 2023
Free cash flow (TTM): -$35.23M as of Jul 31, 2023
Net Debt Last Fiscal Year: $21.88M as of Jul 31, 2023
Shares outstanding: 56,436,324 as of Sep 15, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization