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Carbon Done Right Developments Inc. (V:KLX)

Business Focus: Software (NEC)

Sector:  Technology Industry:  Software
 
Company Contact
Address: Suite 1012, 1030 West Georgia Street
VANCOUVER BC V6E 2Y3
Tel: N/A
Website: https://www.carbondoneright.com
IR: See website
Key People
Chris Colborne
Interim Chief Executive Officer, Director
Jonathan Younie
Chief Financial Officer, Corporate Secretary
 
Business Overview
Carbon Done Right Developments Inc., formerly Klimat X Developments Inc., is a Canada-based rainforest planting tech company. The Company carries on the business of developing validated and verified carbon credits from afforestation and reforestation of degraded land areas and marine ecosystems, including mangroves, for sale into international voluntary carbon markets. The Company focuses on investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The Company's platform gives individuals, families, and employees direct access to high-impact climate projects to offset their carbon footprint. It has developed its own proprietary machine learning tools to count every individual tree on its projects and measure every kilogram of carbon sequestered through its associated projects.
Financial Overview
For the three months ended 31 March 2022, Carbon Done Right Developments Inc revenues was not reported. Net loss increased from C$12K to C$326K. Higher net loss reflects Legal increase from C$1K to C$125K (expense), Management fees increase from C$0K to C$67K (expense), Accounting and audit increase from C$0K to C$25K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $4.57M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$2.38M as of Mar 31, 2022
Net annual income (TTM): -$2.38M as of Mar 31, 2022
Free cash flow (TTM): -$0.60M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 94,699,957 as of Mar 19, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization