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Patriot One Technologies Inc. (T:PAT)

Business Focus: IT Services & Consulting (NEC)

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 409 Granville Street, Ste. 1000
Tel: N/A
IR: See website
Key People
Dietmar Wennemer
Peter Evans
Chief Executive Officer, Director
Karen Hersh
Chief Financial Officer, Corporate Secretary
Business Overview
Patriot One Technologies Inc. is engaged in the development and commercialization of an integrated, layered, multi-sensor platform of technologies known as PATSCAN platform. The Company's segments include Patriot Threat Detection and Xtract. The Patriot Threat Detection segment develops and commercializes a platform of multi-sensor threat detection technologies. The Xtract segment develops and commercializes artificial intelligence (AI) solutions for customers. Its multi-input, machine-learning (ML) platform correlates smart AI insights and provides the end user with actionable intelligence. Its solutions include multi-sensor gateway, video recognition system and AI powered security platform. Its multi-sensor gateway is for threat detection of concealed weapons. Its video recognition system is to automate the detection of weapons, crowd disturbances, and health and safety risks. Its AI powered security platform provides remote access to real-time threat status.
Financial Overview
For the nine months ended 30 April 2022, Patriot One Technologies Inc revenues increased from C$816K to C$2.8M. Net loss decreased 11% to C$8.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Unrealized loss (gain) on investments increase from C$292K (expense) to C$160K (income), Share-based compensation decrease of 24% to C$739K (expense).
Employees: 68 as of Jul 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $72.92M as of Apr 30, 2022
Annual revenue (TTM): $3.09M as of Apr 30, 2022
EBITDA (TTM): -$10.79M as of Apr 30, 2022
Net annual income (TTM): -$15.47M as of Apr 30, 2022
Free cash flow (TTM): -$7.83M as of Apr 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 163,179,222 as of May 19, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization