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Odd Burger Corporation (V:ODD)

Business Focus: Vegan & Vegetarian Food Manufacturing

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: 505 Consortium Court
LONDON ON N6E 2S8
Tel: N/A
Website: https://oddburger.com
IR: See website
Key People
N/A    
Business Overview
Odd Burger Corporation is a Canada-based food technology company and operates a chain of Company-owned and franchised vegan fast-food restaurants. The Company manufactures and distributes a proprietary line of plant-based protein and dairy alternatives to its locations. It operates smart kitchens, which use art cooking technology and automation solutions to deliver a food experience to customers. The Company's product menu includes Breakfast, Burgers, ChickUN, Salads & Wraps, Sides, Desserts & Shakes, Beverages and Gluten-Friendly. Breakfast products include Hash Browns, Ham Breakfast Sandwich, BacUn Breakfast Sandwich, Sausage Breakfast Sandwich, Venedict, Faconator, Ham Maple Crunch, BacUn Maple Crunch and Sausage Maple Crunch. Its Burger products include Famous Burger, Vopper, BacUn Famous Melt, Preposterous Burger, Pulled Jack and Classic Burger. ChickUN products include Crispy ChickUn, ChickUn Cordon Bleu, Buffalo ChickUn, Sticky ChickUn, Wingalings and Pretenders.
Financial Overview
For the three months ended 31 December 2023, Odd Burger Corp revenues decreased 6% to C$734K. Net loss decreased 78% to C$276K. Revenues reflect Food sales decrease of 8% to C$703K. Lower net loss reflects Professional Fees decrease of 70% to C$122K (expense), Other decrease of 51% to C$158K (expense), Salaries and Wages decrease of 29% to C$278K (expense).
Employees: 15 as of Sep 30, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $15.23M as of Dec 31, 2023
Annual revenue (TTM): $3.20M as of Dec 31, 2023
EBITDA (TTM): -$2.84M as of Dec 31, 2023
Net annual income (TTM): -$3.62M as of Dec 31, 2023
Free cash flow (TTM): -$1.30M as of Dec 31, 2023
Net Debt Last Fiscal Year: $3.20M as of Dec 31, 2023
Shares outstanding: 92,694,417 as of Feb 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization