Fintech Select Ltd. (V:FTEC)

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Business Focus: Wireless Telecommunications Services

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Sector:  Telecommunication Services Industry:  Wireless Telecommunications Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1600 Steeles Ave W Suite 426
CONCORD ON L4K 4M2
Tel: N/A
Website: selectcore.com
IR: See website
Key People
Andre Itwaru
Chairman of the Board
Mohammad Abuleil
Interim President, Director
Yu Zhang
Chief Financial Officer
Ryan Deslippe
Executive Vice President
   
Business Overview
Fintech Select Ltd, formerly SelectCore Ltd, is a provider of point-of-sale transaction processing and electronic distribution solutions for the prepaid telecom and financial services market. The Company operates in two segments: distribution of prepaid wireless airtime and providing prepaid card services. The Company offers a range of prepaid products and services from stored-value cards to mobile top-up. The Company's stored-value cards payment solutions include card programs, government disbursements, program management and instant issue solutions. The Company's point of sale payment solutions include point of sale activation, remittance solutions and reload network. The Company's subsidiaries include 1382285 Ontario Limited (SelectComm), 2143436 Ontario Limited (SelectCore Comm), Local Fone Service, Inc. (LFS), SelectCore USA, LLC (SelectCore US) and 2314606 Ontario Limited (SelectCore Financial Services).
Financial Overview
For the six months ended 30 June 2017, Fintech Select Ltd revenues decreased 15% to C$2M. Net income totaled C$49K vs. loss of C$614K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Interest on demand loan decrease of 57% to C$186K (expense), Amortization decrease of 41% to C$70K (expense).
Employees: 10 as of Dec 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $10.78M as of Jun 30, 2017
Annual revenue (TTM): $5.46M as of Jun 30, 2017
EBITDA (TTM): -$0.56M as of Jun 30, 2017
Net annual income (TTM): $1.63M as of Jun 30, 2017
Free cash flow (TTM): -$12.06M as of Jun 30, 2017
Net Debt Last Fiscal Year: N/A
Shares outstanding: 60,631,182 as of Jul 20, 2017
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization