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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 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