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.

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
VANCOUVER BC V6C 2T7
Tel: N/A
Website: missionready.ca
IR: See website
Key People
James A. Marks
Chairman of the Board
Buck Marshall
President, Chief Executive Officer
Dong Shim
Chief Financial Officer, Secretary
Marcus Treiber
Chief Operating Officer
Francisco Martinez
Chief Technology 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 six months ended 30 June 2020, Mission ReadySolutions Inc revenues increased from C$2.8M to C$42.3M.Net loss increased 6% to C$1.6M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Higher net lossreflects Stock-based compensation increase from C$0K toC$1.3M (expense), Wages and benefits increase from C$754Kto C$1.8M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $39.27M as of Jun 30, 2020
Annual revenue (TTM): $60.72M as of Jun 30, 2020
EBITDA (TTM): -$4.77M as of Jun 30, 2020
Net annual income (TTM): -$7.54M as of Jun 30, 2020
Free cash flow (TTM): -$2.65M as of Jun 30, 2020
Net Debt Last Fiscal Year: $9.40M as of Jun 30, 2020
Shares outstanding: 189,325,361 as of Nov 23, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization