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Neptune Digital Assets Corp. (V:NDA)

Business Focus: Blockchain & Cryptocurrency (NEC)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
See Regulatory Filings on SEDAR
Company Contact
Address: 2800 Park Place, 666 Burrard Street
Tel: N/A
IR: See website
Key People
Cale J. Moodie
Chairman of the Board, President, Chief Executive Officer, Co-Founder
Kalle Radage
Chief Financial Officer, Chief Operating Officer, Corporate Secretary, Director
Business Overview
Neptune Digital Assets Corp. is a Canada-based company, which is engaged in the business, that builds, owns, and operates digital currency infrastructure assets. The Company is a provider of cryptocurrency and blockchain infrastructure with operations across the digital asset including bitcoin mining, staking cryptocurrency, decentralized finance (DeFi) and associated blockchain technologies. The bitcoin mining is focused on using renewable energy like solar, hydro, and wind to power its Bitcoin mining operations. The staking cryptocurrency is the process of validating transactions. Staking involves running software nodes or validators for storing data, processing transactions, and adding new blocks to the blockchain. The DeFi removes central controllers and brokers which facilitates faster transactions with no minimum transaction amounts, no paperwork, transparency, and auditability. Its wholly-owned subsidiary is Neptune Stake Technologies Corp. (Neptune Stake).
Financial Overview
For the nine months ended 31 May 2022, Neptune Digital Assets Corp revenues increased from C$84K to C$1.1M. Net income totaled C$592K vs. loss of C$3.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Share-based compensation decrease of 97% to C$184K (expense), Other income increase from C$674K to C$5.8M (income).
Employees: 3 as of Aug 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $12.47M as of May 31, 2022
Annual revenue (TTM): $1.42M as of May 31, 2022
EBITDA (TTM): -$1.51M as of May 31, 2022
Net annual income (TTM): $1.99M as of May 31, 2022
Free cash flow (TTM): -$1.50M as of May 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 124,909,811 as of May 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization