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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 400 - 1681 Chestnut Street
VANCOUVER BC V6J 4M6
Tel: N/A
Website: missionready.ca
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 three months ended 31 March 2021, MissionReady Solutions Inc revenues increased from C$15.1M toC$66.7M. Net income totaled C$6.4M vs. loss of C$1.3M.Revenues reflect Manufacturing, R & D segment increase of56% to C$423K. Net Income reflects Stock-based compensationdecrease of 77% to C$269K (expense), Other income increasefrom C$1K to C$608K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $72.68M as of Mar 31, 2021
Annual revenue (TTM): $156.71M as of Mar 31, 2021
EBITDA (TTM): $7.37M as of Mar 31, 2021
Net annual income (TTM): $6.37M as of Mar 31, 2021
Free cash flow (TTM): $6.32M as of Mar 31, 2021
Net Debt Last Fiscal Year: $0.05M as of Mar 31, 2021
Shares outstanding: 198,404,144 as of Jul 26, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization