Lite Access Technologies Inc. (V:LTE)
Business Focus: Communications & Networking (NEC)
| Sector: Technology | Industry: Communications & Networking |
| Company Contact | |
| Address: | #110 6039 196 Street SURREY BC V3S 7X4 |
| Tel: | 1-604-3181448 |
| Website: | https://liteaccess.com |
| IR: | See website |
| Key People | ||
| Michael Plotnikoff Chief Executive Officer, Director | Linda Han Interim Chief Financial Officer | |
| Business Overview |
| Lite Access Technologies Inc. provides fiber optic products and advanced installation methodologies. The Company offers integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, it offers a full complement of aerial and underground construction methodologies, including splicing, testing and maintenance. The Company's segments include product sales and fiber optic installations, based on the type of products sold and services provided. Its products include Direct Bury, Aerial Micro-Duct and Fiber Optic Mini-Cables. Its additional products also include fiber-optic cable, aerial micro-duct, low fire hazard micro-ducts, connectors and sundries. Its items include a cutting head, Shark Blades and the LiteXtend solution. Its end-users include homes, businesses, government and educational institutions, and emergency response facilities. It also offers breeze cable blowing machine and cutting equipment. |
| Financial Overview |
| For the three months ended 31 December 2023, Lite Access Technologies Inc revenues decreased 51% to C$911K. Net loss decreased 13% to C$267K. Revenues reflect Product segment decrease from C$8K to C$0K, United States segment decrease from C$8K to C$0K. Lower net loss reflects Wages and consulting decrease of 18% to C$214K (expense), Int exp on Financial Lease Liabilities decrease of 87% to C$4K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $8.43M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4.07M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.20M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.62M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.17M as of Dec 31, 2023 |
| Shares outstanding: | 87,292,538 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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