Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Marble Financial Inc. (C:MRBL)

Business Focus: Consumer Lending

Sector:  Financials Industry:  Consumer Lending
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1202-1166 Alberni St
Vancouver BC V6E 3Z3
Tel: N/A
Website: https://marblefinancial.ca
IR: See website
Key People
Mike Marrandino
President, Chief Executive Officer, Director
Alistair Brownlow
Chief Financial Officer
Karim Nanji
Chief Operating Officer
Jim Hoi Chin Chan
Chief Technology Officer
Rich Elliott
Director - Marketing & Creative
James Downs
Loans Compliance Manager
Business Overview
Marble Financial Inc., formerly MLI Marble Lending Inc., is a Canada-based credit rebuilding company. Through its subsidiaries, The Phoenix Fund Inc. (TPF) and The Phoenix Fund Management Ltd (TPFM), the Company operates a consumer lending business. The Company has developed an online lending, credit rebuilding and debt management platform to access traditional sources of financing. Its offered platform integrates numerous aspects of credit rebuilding and consumer financial education into one solution, enabling it to service both third-party debt relief and restructuring agents, as well as consumers. The Company offers its services to customers who are focused in a credit rebuilding strategy in order to return to an industry standard credit score on their credit report. The Company offers both unsecured and secured loans to its customers.
Financial Overview
For the three months ended 31 March 2020, Marble Financial Inc revenues increased 56% to C$198K. Net loss increased 50% to C$826K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Salary and benefits increase from C$52K to C$348K (expense), Consulting fees increase of 49% to C$294K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $14.84M as of Mar 31, 2020
Annual revenue (TTM): $0.64M as of Mar 31, 2020
EBITDA (TTM): -$2.69M as of Mar 31, 2020
Net annual income (TTM): -$3.43M as of Mar 31, 2020
Free cash flow (TTM): -$4.11M as of Mar 31, 2020
Net Debt Last Fiscal Year: $5.94M as of Mar 31, 2020
Shares outstanding: 55,750,763 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization