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Mission Ready Solutions Inc. (V:MRS)

Business Focus: Military Clothing & Accessories

Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 804 - 750 W Pender Street
Tel: N/A
IR: See website
Key People
James A. Marks
Chairman of the Board
Buck L. Marshall
President, Chief Executive Officer, Director
Dong Shim
Chief Financial Officer, Secretary
Marcus Treiber
Chief Operating Officer
Francisco Martinez
Chief Technology Officer
Terrace L. Nixon
Chief Compliance Officer, Director
Business Overview
Mission Ready Solutions Inc, formerly Mission Ready Services Inc, is a Canada-based company engaged in the aerospace and defense sector. It manufactures and distributes technology-centric defense solutions. The Company offers tactical nylon gear and soft armor ballistics to prevent injuries of military personnel. The Company operates under the following businesses: Manufacturing, Innovations and Services. Its Manufacturing business is operated through PTF Manufacturing Inc, which offers nylon products and soft armor ballistics, such as carriers, pouches, shirts, no-contact shield cover and accessories. Its Innovations business offers the no-contact tactical shield cover and Flex9Armor Animation. Its Services business is operated through 10-20 Services. Mission Ready Solutions Inc serves customers in Canada and the United States.
Financial Overview
For the fiscal year ended 31 December 2020, MissionReady Solutions Inc revenues increased from C$21.2M toC$105.1M. Net loss decreased 82% to C$1.3M. Revenuesreflect Unifire segment increase from C$18.8M to C$103.8M,USA segment increase from C$18.9M to C$103.8M. Lower netloss reflects Write-down of inventories decrease fromC$1.3M (expense) to C$0K, Write-off of other payablesincrease from C$135K to C$473K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $107.73M as of Dec 31, 2020
Annual revenue (TTM): $105.07M as of Dec 31, 2020
EBITDA (TTM): -$0.57M as of Dec 31, 2020
Net annual income (TTM): -$1.34M as of Dec 31, 2020
Free cash flow (TTM): $4.44M as of Dec 31, 2020
Net Debt Last Fiscal Year: $3.24M as of Dec 31, 2020
Shares outstanding: 193,499,006 as of Apr 12, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization