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 TORONTO ON L4G3G6 |
| Tel: | N/A |
| Website: | https://flowhydration.com |
| IR: | See website |
| Key People | ||
| Nicholas Reichenbach Executive Chairman of the Board, Chief Executive Officer | Trent MacDonald Chief Financial Officer | Tim Dwyer Chief Revenue Officer | Devan Chandler Pennell Chief Strategy 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 flowhydration.com and are sold at over 54, 000 stores across North America. |
| Financial Overview |
| For the three months ended 31 January 2024, Flow Beverage Corp revenues decreased 16% to C$8.3M. Net loss increased 100% to C$15.4M. Revenues reflect United States segment decrease of 31% to C$3.3M, Canada segment decrease of 2% to C$5M. Higher net loss reflects Amortization and depreciation increase from C$298K to C$1.8M (expense), Interest on borrowings increase from C$782K to C$2.2M (expense). |
| Employees: | 117 as of Oct 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $32.75M as of Jan 31, 2024 |
| Annual revenue (TTM): | $45.09M as of Jan 31, 2024 |
| EBITDA (TTM): | -$42.33M as of Jan 31, 2024 |
| Net annual income (TTM): | -$50.64M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$25.79M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $37.64M as of Jan 31, 2024 |
| Shares outstanding: | 59,142,836 as of Mar 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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