FRNT Financial Inc. (V:FRNT)
Business Focus: Software (NEC)
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 49 Wellington St E TORONTO ON M5E 1C9 |
| Tel: | N/A |
| Website: | https://www.frnt.io |
| IR: | See website |
| Key People | ||
| David Washburn President | Stephane Ouellette Chief Executive Officer, Director | Alex Mcaulay Chief Financial Officer, Corporate Secretary |
| Business Overview |
| FRNT Financial Inc. (FRNT) is a Canada-based company. The Company is an institutional capital markets and advisory platform focused on digital assets. It operates five business lines, including deliverable trading services, institutional structured derivative products, merchant banking, advisory and consulting, and principal investments and trading. Its service offerings include Capital Markets, consisting of OTC Spot, Derivatives, and Treasury Management and Advisory, consisting of Consulting, Merchant Banking, and Asset Management. FRNT provides technology that allows counterparties to access cryptocurrency liquidity and other yields in the space via highly automated interfaces. FRNT's technology facilitates block trading for crypto and alternative assets between clients and global market makers. The Company is a licensed as a portfolio manager with the OSC. The Company's subsidiary is FRNT Asset Management Inc., which is engaged in providing financial technology services. |
| Financial Overview |
| For the six months ended 31 December 2023, FRNT Financial Inc revenues increased from C$254K to C$838K. Net loss decreased 62% to C$661K. Revenues reflect Consulting and advisory increase from C$100K to C$552K, Capital markets increase of 86% to C$286K. Lower net loss reflects Fair value gain (loss) on investments increase from C$164K to C$457K (income), Share-based payments decrease of 60% to C$158K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $13.33M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1.02M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.73M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.75M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.87M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 35,149,329 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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