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Blockmate Ventures Inc. (V:MATE)

Business Focus: Financial & Commodity Market Operators & Service Providers (

Sector:  Financials Industry:  Financial & Commodity Market Operators & Service Providers
 
Company Contact
Address: 22-25 Portman Close
LONDON BC W1H 6BS
Tel: N/A
Website: https://www.midpoint.com
IR: See website
Key People
Domenic Carosa
Chairman of the Board
David Wong
President, Chief Executive Officer
Corbin Patrick Miklor Comishin
Chief Financial Officer, Company Secretary, Director
Business Overview
Blockmate Ventures Inc is a venture creator focusing on building technology businesses relating to sectors, such as blockchain, climate and energy storage. The Company's assets in the sectors of blockchain and climate technology include Hivello and BESS Power Innovation Corp (BESS). Its projects include Hivello and Sunified, digitizing solar energy. Hivello's technology enables users to install an application on their physical devices like computers, routers, modems and storage nodes; by contributing resources they can start mining Decentralized Physical Infrastructure Networks (DePIN) protocols for Web3 applications without any specialized technical knowledge. BESS is a company focused on the sales and distribution of residential and industrial lithium iron phosphate batteries and auxiliary products. BESS owns the distribution rights to Blivex Energy Technology Co's (Blivex) lithium battery products for North and South America.
Financial Overview
For the six months ended 31 December 2023, Blockmate Ventures Inc revenues remained flat at C$0K. Net loss before extraordinary items increased 58% to C$2M. Revenues reflect market conditions. Higher net loss reflects Other income/(loss) on debt forgiven increase from C$0K to C$1.4M (expense), Professional and consulting fees increase of 87% to C$380K (expense), Share-based compensation increase from C$0K to C$61K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $3.47M as of Dec 31, 2023
Annual revenue (TTM): $0.01M as of Dec 31, 2023
EBITDA (TTM): -$1.42M as of Dec 31, 2023
Net annual income (TTM): -$2.56M as of Dec 31, 2023
Free cash flow (TTM): -$2.23M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1.38M as of Dec 31, 2023
Shares outstanding: 110,797,764 as of Jan 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization