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Jemtec Inc. (V:JTC)

Business Focus: Security & Surveillance

Sector:  Technology Industry:  Communications & Networking
 
Company Contact
Address: Suite 200, 38 Fell Avenue
NORTH VANCOUVER BC V7P 3S2
Tel: N/A
Website: https://www.jemtec.ca
IR: See website
Key People
Eric Caton
President, Chief Executive Officer, Director
Loui Mellios
Chief Financial Officer
Leslie N. Markow
Secretary, Independent Director
Business Overview
Jemtec Inc. is a Canada-based full-service provider of global positioning systems (GPS) and electronic monitoring solutions across Canadian communities. The Company's core business is the provision of services and technologies for offender monitoring with Canadian federal and provincial correctional departments. The Company's services include global positioning systems, electronic monitoring, alcohol detection and voice verification technologies as they relate to location verification of offenders and individuals under restrictions in the community. It also provides private monitoring solutions for criminal pre-trial and immigration release plans. It has customized solutions ranging from Canada's government agencies monitoring hundreds of supervised offenders as well as Bail and Immigration Release plans. On a private monitoring basis, it also offers different technologies depending on the release plan being proposed to the Immigration Review Board by Counsel.
Financial Overview
For the six months ended 31 January 2024, Jemtec Inc revenues increased 10% to C$818K. Net income totaled C$23K vs. loss of C$109K. Revenues reflect Leasing, monitoring and activation increase of 8% to C$790K, Interest income increase from C$12K to C$28K. Net Income reflects Office decrease of 60% to C$34K (expense), Repairs and maintenance decrease of 65% to C$21K (expense), Share-based payments decrease of 82% to C$5K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $1.56M as of Jan 31, 2024
EBITDA (TTM): -$0.04M as of Jan 31, 2024
Net annual income (TTM): -$0.07M as of Jan 31, 2024
Free cash flow (TTM): $0.09M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 2,794,679 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization