RediShred Capital Corp. (V:KUT)
Business Focus: Business Support Services (NEC)
| Sector: Industrials | Industry: Business Support Services |
| Company Contact | |
| Address: | 6505 Mississauga Road suite A MISSISSAUGA ON L5N 1A6 |
| Tel: | 1-416-8493469 |
| Website: | https://www.proshred.com/redishred |
| IR: | See website |
| Key People | ||
| Jeffrey I. Hasham Chief Executive Officer, Director | Harjit Brar Chief Financial Officer, Senior Vice President - Finance and Acquisitions, Corporate Secretary | Katherina Pawluk Senior Vice President - Finance and Acquisitions | Ronald Gable Senior Vice President - Operations |
| Business Overview |
| Redishred Capital Corp. is the owner of the PROSHRED, PROSCAN and secure e-Cycle brands, trademarks, and intellectual property in the United States. The Company operates through three segments: the granting and managing of shredding business franchises under the Proshred trademark (Franchising and Licensing); the operation of corporately owned shredding businesses (Corporate Locations); and supporting the franchises and corporately owned shredding businesses (Corporate). It digitizes, secures, shreds, and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. It grants PROSHRED and PROSCAN franchise businesses in the United States and by way of a license arrangement in the Middle East. It also operates fifteen corporate businesses directly. The Company's services include home office shredding services, residential shredding services, hard drive destruction services, drop-off shredding services, and others. |
| Financial Overview |
| For the nine months ended 30 September 2023, RediShred Capital Corp revenues increased 17% to C$49.1M. Net income decreased 88% to C$833K. Revenues reflect Corporate Locations segment increase of 18% to C$47.5M, Franchising and Licensing segment increase of 1% to C$1.7M. Net income was offset by Foreign exchange gain (loss) decrease from C$4M (income) to C$152K (expense). |
| Employees: | 296 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $83.03M as of Sep 30, 2023 |
| Annual revenue (TTM): | $64.53M as of Sep 30, 2023 |
| EBITDA (TTM): | $16.48M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.27M as of Sep 30, 2023 |
| Free cash flow (TTM): | $6.83M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $33.98M as of Sep 30, 2023 |
| Shares outstanding: | 18,303,072 as of Oct 6, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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