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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 nine months ended 30 September 2023, McCoy Global Inc revenues increased 46% to C$50M. Net income increased from C$1.5M to C$3.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Finance charges (net) decrease of 37% to C$348K (expense). Dividend per share totaled to C$0.02.
Employees: 114 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $50.05M as of Sep 30, 2023
Annual revenue (TTM): $68.25M as of Sep 30, 2023
EBITDA (TTM): $11.74M as of Sep 30, 2023
Net annual income (TTM): $11.12M as of Sep 30, 2023
Free cash flow (TTM): $3.94M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,954,936 as of Oct 4, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization