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Tantalus Systems Holding Inc. (T:GRID)

Business Focus: Electrical Components & Equipment

Sector:  Industrials Industry:  Electrical Components & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 3555 Gilmore Way, Suite 200
Tel: N/A
Website: N/A
Key People
Business Overview
Tantalus Systems Holding Inc., formerly RiseTech Capital Corp., is a Canada-based company that develops and delivers purpose-built smart grid solutions. The Company provides mission-critical smart grid solutions that include an edge computing platform, robust software applications and an advanced Internet of Things (IoT) communications network. It enables utilities to access granular data from both legacy meters and two-way intelligent devices to improve customer service, facilitate consumer engagement, realize cost savings and streamline system operations. Its suite of smart grid solutions includes advanced metering infrastructure (AMI), demand-management technologies, load management, power line communication, fiber-to-the-home, data analytics, electric, water and gas automated meter reading (AMR) devices, distribution automation and street lighting control systems.
Financial Overview
For the six months ended 30 June 2021, TantalusSystems Holding Inc revenues increased 7% to $16M. Net losstotaled $3.5M vs. income of $860K. Revenues reflectConnected Devices and Infrastructure segment increase of 8%to $10.6M, Utility Software Applications and Servicessegment increase of 4% to $5.4M, Others segment increasefrom $2K to $62K, Canada segment increase of 5% to $178K.
Reporting Currency: U.S. Dollars
Enterprise value: $99.53M as of Jun 30, 2021
Annual revenue (TTM): $42.16M as of Jun 30, 2021
EBITDA (TTM): -$2.30M as of Jun 30, 2021
Net annual income (TTM): -$3.57M as of Jun 30, 2021
Free cash flow (TTM): -$0.30M as of Jun 30, 2021
Net Debt Last Fiscal Year: $2.18M as of Jun 30, 2021
Shares outstanding: 43,569,160 as of Aug 12, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization