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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
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 six months ended 30 June 2019, Marble Financial Inc revenues decreased 39% to C$250K. Net loss increased 79% to C$1.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Marketing increase from C$27K to C$141K (expense), Salary and benefits increase of 95% to C$124K (expense), Consulting fees increase of 16% to C$378K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $11.44M as of Sep 30, 2019
Annual revenue (TTM): $0.63M as of Sep 30, 2019
EBITDA (TTM): -$1.17M as of Sep 30, 2019
Net annual income (TTM): -$1.72M as of Sep 30, 2019
Free cash flow (TTM): -$0.62M as of Sep 30, 2019
Net Debt Last Fiscal Year: $1.90M as of Sep 30, 2019
Shares outstanding: 55,750,763 as of Nov 19, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization