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Organto Foods Inc. (V:OGO)

Business Focus: Fruit & Vegetable Processing

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 1090 Hamilton Street
Tel: N/A
IR: See website
Key People
Steve Bromley
Chairman of the Board, President, Co-Chief Executive Officer
Ralf Langner
Chief Financial Officer, Corporate Secretary
John Rathwell
Senior Vice President, Investor Relations and Corporate Development
Business Overview
Organto Foods Inc. is engaged in the sourcing, processing, packaging, distribution and marketing of fresh organic and vegetable and fruit products. The Company offers a range of branded, healthy and nutritious fresh organic fruits, vegetables and herbs across many countries. It uses geographically diverse growing regions, including South America, North America, Africa and Europe. Its brands include I AM Organic and Fresh Organic Choice. I AM Organic product provides fresh organic vegetables, fruits and herbs. Fresh Organic Choice offers a range of branded and private label fresh cut organic herbs, such as mint, oregano, basil, chives, parsley, dill, thyme, sage, rosemary, and others. Its products include convenience and to-go, vegetable mix, fresh meal kit, asparagus, avocados, blueberries, fine beans, ginger, herbs, mangetout, mango, limes, passion fruit, raspberries and sugar snaps. Its sourcing's regions include many countries in Europe, North and Latin America and Africa.
Financial Overview
For the nine months ended 30 September 2022, Organto Foods Inc revenues increased 15% to C$16.7M. Net loss increased 62% to C$7.1M. Revenues reflect the sourcing, processing, packaging and distribution of orga segment increase of 6% to C$4.5M. Higher net loss reflects Interest expense and accretion increase from C$621K to C$1.7M (expense), Unrealized gain (loss) on investment sec decrease from C$93K (income) to C$868K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $17.48M as of Sep 30, 2022
Annual revenue (TTM): $21.73M as of Sep 30, 2022
EBITDA (TTM): -$6.61M as of Sep 30, 2022
Net annual income (TTM): -$9.05M as of Sep 30, 2022
Free cash flow (TTM): -$6.81M as of Sep 30, 2022
Net Debt Last Fiscal Year: $2.83M as of Sep 30, 2022
Shares outstanding: 282,233,826 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization