Sector: Energy | Industry: Oil & Gas Refining and Marketing |
Company Contact | |
Address: | 400 Burrard Street, Suite1750 VANCOUVER BC V6C 3A6 |
Tel: | N/A |
Website: | https://www.regeniii.com |
IR: | See website |
Key People | ||
Gregory M. Clarkes Chairman of the Board, Chief Executive Officer | Mark Redcliffe President, Executive Vice President - Corporate Finance | Thomas Lawlor Chief Operating Officer |
Kimberly Hedlin Vice President - Corporate Finance | Guowei Zhang Vice President - Corporate Finance |
Business Overview |
ReGen III Corp. is a Canada-based cleantech company commercializing its ReGen, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. The ReGen technology is designed to produce the highest quantity of high base lubricating oils of any re-refining process. Its ReGen technology, produces a 53% yield of Group III, which is a high-margin base oil used in the formulation of performance synthetic grade motor oils. The Company is also focused on developing its brownfield re-refinery in Texas City, Texas (Texas Facility). Its projects include Texas and Alberta. It is also engaged in Koch Project Solutions, LLC (KPS) to provide project execution management services up to turnkey delivery of the proposed Texas Facility. The Company is focused on building or enhancing UMO re-refineries and licensing its intellectual property to third parties around the world. Its first ReGen facility is in the site selection and negotiation phase in the United States Gulf Coast. |
Financial Overview |
For the nine months ended 30 September 2023, ReGen III Corp revenues was not reported. Net loss decreased 61% to C$4.2M. Lower net loss reflects Plant engineering and design decrease of 96% to C$221K (expense), Professional fees decrease of 48% to C$748K (expense), Share-based payments decrease of 27% to C$997K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.10 to -C$0.04. |
Employees: | 5 as of Dec 31, 2020 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $38.68M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$5.88M as of Sep 30, 2023 |
Net annual income (TTM): | -$5.91M as of Sep 30, 2023 |
Free cash flow (TTM): | -$3.87M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $0.01M as of Sep 30, 2023 |
Shares outstanding: | 118,355,547 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |