Sector: Basic Materials | Industry: Specialty Chemicals |
Company Contact | |
Address: | Ste. 1120 - 1040 West Georgia St VANCOUVER BC M5H 1A1 |
Tel: | N/A |
Website: | https://www.frx-innovations.com |
IR: | See website |
Key People | ||
Ross Haghighat Chairman of the Board | Marc-Andre Lebel President, Chief Executive Officer, Director | Mark Lotz Chief Financial Officer, Corporate Secretary, Director |
Ulrich Girrbach Vice President - Fiber and Textiles | Xiudong Sun Vice President - Research and Applications | Mike Goode Chief Commercial Officer |
Business Overview |
FRX Innovations Inc. is a Canada-based global manufacturing company engaged in producing a family of sustainable flame-retardant products that serve several large markets spanning textiles, electronics, automotive, electric vehicles (EV), and medical devices. The Company manufactures polyphosphate polymers that are inherently flame retardant and sold under its Nofia product line. These polymers are intended to be used as additives by manufacturers that make products that have desirability or requirement for flame retardancy. Nofia flame retardants are comprised of three categories: Homo-polymers, its standard products for use in various applications, notably polyesters and ABS; Co-polymers, which are specially developed for use with polycarbonate and its blends (commonly used plastics in everyday electronics), and Oligomers, which is used in polyurethane, printed circuit boards, and as dispersions in coatings. It operates a manufacturing plant located on the Port of Antwerp, Belgium. |
Financial Overview |
For the nine months ended 30 September 2023, FRX Innovations Inc revenues decreased 2% to $2.7M. Net loss applicable to common stockholders decreased 57% to $4.8M. Revenues reflect Americas segment decrease of 47% to $36K. Lower net loss reflects Listing expense decrease of 100% to $11K (expense), Foreign currency gain (loss) increase from $516K (expense) to $102K (income). |
Employees: | 10 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $22.12M as of Sep 30, 2023 |
Annual revenue (TTM): | $4.24M as of Sep 30, 2023 |
EBITDA (TTM): | -$6.18M as of Sep 30, 2023 |
Net annual income (TTM): | -$11.19M as of Sep 30, 2023 |
Free cash flow (TTM): | -$7.15M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $17.84M as of Sep 30, 2023 |
Shares outstanding: | 99,457,659 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |