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: | N/A |
| IR: | 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 flowhydration.com 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 | |
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