McCoy Global Inc. (T:MCB)
Business Focus: Oil Related Services and Equipment (NEC)
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | Suite 201; 9910 39Th Ave Nw EDMONTON AB T6E 5H8 |
| Tel: | N/A |
| Website: | https://www.mccoyglobal.com |
| IR: | See website |
| Key People | ||
| Jim Rakievich President, Chief Executive Officer, Director | Lindsay Marie Mcgill Chief Financial Officer, Vice President | Bing Deng Vice President - Technology and Marketing |
| Business Overview |
| McCoy Global Inc. is a Canada-based provider of technologies and equipment designed to support tubular running operations, wellbore integrity, and assist with collecting critical data for the global energy industry. It is focused on well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. Its core products are used primarily during the well construction phase for both land and offshore wells during both oil and gas exploration and development. Its cloud-based, real time, remote data transmission infrastructure supports its ability to integrate, digitize, and automate the historically manual processes of tubular make-up through its SmartTR automated casing running system. Its product suite includes Virtual Thread Rep, SmartCRT, SmartFMS, McCoy's Smart Tong, and McCoy's Smart Tailing Stabbing Arm. The Company operates in Canada, the United States, and the United Arab Emirates. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, McCoy Global Inc revenues increased 33% to C$69.7M. Net income decreased 25% to C$6.5M. Revenues reflect United States & Latin America segment increase of 86% to C$38.7M, Canada segment increase from C$582K to C$2.4M. Net income was offset by Gain on disposal of PPE decrease of 99% to C$24K (income), General and administration increase of 32% to C$8.6M (expense). Dividend per share totaled to C$0.03. |
| Employees: | 132 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $39.67M as of Dec 31, 2023 |
| Annual revenue (TTM): | $69.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $11.77M as of Dec 31, 2023 |
| Net annual income (TTM): | $6.53M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1.93M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 26,994,936 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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