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Maxim Power Corp. (T:MXG)

Business Focus: Independent Power Producers

Sector:  Utilities Industry:  Independent Power Producers
 
See Regulatory Filings on SEDAR
Company Contact
Address: 715 5 Ave SW Suite 1210
CALGARY AB T2P 2X6
Tel: N/A
Website: https://www.maximpowercorp.com
IR: See website
Key People
M. Bruce Chernoff
Chairman of the Board, Chief Executive Officer
Michael R. Mayder
President, Chief Financial Officer
W. Brett Wilson
Independent Vice Chairman of the Board
Robert Emmott
Chief Operating Officer, Executive Vice President
Kyle Rodney Mitton
Vice President - Corporate Development
Rob Bruce Watson
Vice President - Canadian Facilities
Kim Lorna Karran
Corporate Secretary, Senior HR Advisor
   
Business Overview
Maxim Power Corp. is an independent power producer engaged in the acquisition and development, ownership and operation of power generation facilities and the resultant sale of generating capacity, electricity and thermal energy. The Company's segments include Canada, United States and France. The Canada segment consists of H.R. Milner generating facility (M1) and Gold Creek facility (GoldCreek), which has a combined net generating capacity of approximately 160 megawatts (MW). It owns over five natural gas-fired facilities with a combined net generating capacity of approximately 450 MW in its United States segment. The France segment consists of over 30 natural gas-fired facilities with a combined net generating capacity of approximately 180 MW of electrical and over 100 MW of thermal. It has power generation facilities in Alberta, the United States and France, and has over 40 power plants with approximately 780 MW of electric and over 100 MW of thermal net generating capacity.
Financial Overview
For the three months ended 31 March 2020, Maxim Power Corp revenues decreased 11% to C$7.3M. Net income totaled C$1M vs. loss of C$1.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Other (income) expense, net decrease from C$261K (expense) to C$247K (income), Depreciation and amortization decrease of 59% to C$337K (expense).
Employees: 43 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $135.11M as of Mar 31, 2020
Annual revenue (TTM): $27.39M as of Mar 31, 2020
EBITDA (TTM): -$1.67M as of Mar 31, 2020
Net annual income (TTM): -$3.05M as of Mar 31, 2020
Free cash flow (TTM): -$90.58M as of Mar 31, 2020
Net Debt Last Fiscal Year: $38.29M as of Mar 31, 2020
Shares outstanding: 50,142,000 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization