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Lite Access Technologies Inc. (C:LTE)

Business Focus: Communications & Networking

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Sector:  Technology Industry:  Communications & Networking
See Regulatory Filings on SEDAR
Company Contact
Address: 20678 Duncan Way Unit 5
Tel: N/A
IR: See website
Key People
Carlo M. Shimoon
President, Chief Executive Officer, Director
Arun Gupta
Chief Financial Officer
Cameron Cromwell
Managing Director - United Kingdom
Business Overview
Lite Access Technologies Inc (LAT) is a Canada-based provider of air blown micro duct solutions. The Company is engaged in providing fiber optic solutions. The Company sells fiber 2-288 strand SM Fiber reels in stock of various lengths above 1000 meters. The Company serves a range of local authority clients, including cities municipalities, districts and other Government departments, providing fiber network solutions for public sector communication and purchasing requirements. The Company also serves contractors, developers and city officials to link fiber optic connections providing bandwidth connecting various municipal agencies, departments and residences. The Company serves the education, health, carrier/ Internet service provider (ISP), multi-site, fiber to the premise (FTTP) and fiber to the home (FTTH) sectors.
Financial Overview
For the six months ended 31 March 2019, Lite Access Technologies Inc revenues increased from C$4.1M to C$9.6M. Net loss decreased 80% to C$648K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 59% to C$309K (expense), Amounts receivable impairment decrease from C$216K (expense) to C$69K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $2.83M as of Mar 31, 2019
Annual revenue (TTM): $15.19M as of Mar 31, 2019
EBITDA (TTM): -$6.76M as of Mar 31, 2019
Net annual income (TTM): -$7.76M as of Mar 31, 2019
Free cash flow (TTM): -$10.12M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 43,569,832 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization