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NetCents Technology Inc. (C:NC)

Business Focus: Transaction & Payment Services

Sector:  Industrials Industry:  Business Support Services
See Regulatory Filings on SEDAR
Company Contact
Address: 1000 - 1021 West Hastings Street
Tel: N/A
IR: See website
Key People
Clayton Moore
Chief Executive Officer, Director
Christopher P. Cherry
Chief Financial Officer, Director
Jenn Lowther
Chief Revenue Officer, Director
Business Overview
Netcents Technology Inc is a Canada-based company. The Company through its online payments platform, provides consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing Blockchain Technology to provide payment solutions. The Company works with its financial partners, mobile operators, exchanges, to streamline the user experience of transacting online. The Company is integrated into the Automated Clearing House (ACH) and is registered as a Money Services Business (MSB), which ensures its consumer's security and privacy.
Financial Overview
For the nine months ended 31 July 2020, NetcentsTechnology Inc revenues increased 98% to C$172K. Net lossincreased from C$4.8M to C$15.6M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Higher net lossreflects Share based payments increase from C$1.3M toC$10.7M (expense), Office increase from C$313K to C$1.2M(expense).
Reporting Currency: Canadian Dollars
Enterprise value: $75.78M as of Jul 31, 2020
Annual revenue (TTM): $0.17M as of Jul 31, 2020
EBITDA (TTM): -$15.71M as of Jul 31, 2020
Net annual income (TTM): -$17.47M as of Jul 31, 2020
Free cash flow (TTM): -$4.27M as of Jul 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 110,071,173 as of Apr 14, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization