Tantalus Systems Holding Inc. (T:GRID)
Business Focus: Electrical Components & Equipment (NEC)
| Sector: Industrials | Industry: Electrical Components & Equipment |
| Company Contact | |
| Address: | 3555 Gilmore Way, Suite 200 BURNABY BC V5G 0B3 |
| Tel: | N/A |
| Website: | https://www.tantalus.com |
| IR: | See website |
| Key People | ||
| Peter Londa President, Chief Executive Officer, Director | George Reznik Chief Financial Officer | Gerard Kaiser Chief Operating Officer |
| Michael Grandis General Counsel, Corporate Secretary, Chief Legal, Administrative | Michael Julian Chief Revenue Officer | |
| Business Overview |
| Tantalus Systems Holding Inc. is a smart grid technology company, which transforms aging one-way grids into multi-directional grids that improves the efficiency, reliability and sustainability of utilities and the communities they serve. It develops, manufactures, and markets two-way data communications networks for electric, water and gas utilities. Its solutions include industrial Internet-of-Things (IoT) smart grid network, edge-computing endpoints, and a suite of enterprise software applications that are used across all departments within a utility and artificial intelligence (AI)-enabled data analytics to help utilities actively anticipate and manage their grid. Its solutions are purpose-built to allow utilities to restore power quickly after major disruptions. It operates through two segments: Connected Devices and Infrastructure, and Utility Software Applications and Services. Its TUNet platform offers a suite of products of smart grid applications for multi-commodity utilities. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tantalus Systems Holding Inc revenues increased 6% to $42.1M. Net loss decreased 68% to $1.7M. Revenues reflect Utility Software Applications and Services segment increase of 14% to $14.9M, Connected Devices and Infrastructure segment increase of 3% to $27.3M, Canada segment increase of 9% to $311K. Lower net loss reflects Connected Devices and Infrastructure segment income increase of 20% to $10.9M. |
| Employees: | 115 as of Dec 31, 2020 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $91.33M as of Dec 31, 2023 |
| Annual revenue (TTM): | $57.74M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.62M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.31M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.52M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $12.62M as of Dec 31, 2023 |
| Shares outstanding: | 44,595,942 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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