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Patriot One Technologies Inc. (T:PAT)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 750-1095 Pender St W
Tel: N/A
IR: See website
Key People
Peter Van der Gracht
Independent Chairman of the Board
Beau Conway
Vice President of Human Resources
Dietmar Wennemer
President, Chief Operating Officer
Peter Evans
Chief Executive Officer
Karen Hersh
Chief Financial Officer and Corporate Secretary
Blair Melton
Senior Vice President of Sales
Robert Lex
Senior Vice President of Operations
Jeffery Tindale
Senior Vice President - Capital Markets
Gary Taube
Vice President - Finance
Nat Couture
Vice President - Operations and Engineering
Business Overview
Patriot One Technologies Inc, formerly Clear Mountain Resources Corp, is a Canada-based company engaged in commercializing a system to detect concealed weapons utilizing radar technologies. The Company is engaged in the development and launch of its cognitive microwave radar technology, which is used for the unobtrusive detection of concealed weapons. The Company's system provides first responders and security personnel valuable time in Active Threat scenarios. The technology offers stand-off detection of concealed threats, which are employed in public locations. The Company offers a technology in conjunction with human-based protocols, which represents a solution for Active Shooter prevention on the market. The Company's technology has an ability to detect guns and knives, as well as to assess threats. The system is trained prior to installation and continues to learn upon deployment, which helps in detecting hidden weapons with each screening instance.
Financial Overview
For the fiscal year ended 31 July 2020, Patriot OneTechnologies Inc revenues increased from C$0K to C$2.1M.Net loss increased 44% to C$25.1M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Higher net lossreflects Research and development increase of 95% to C$5.4M(expense), Personnel costs increase of 90% to C$5.4M(expense).
Reporting Currency: Canadian Dollars
Enterprise value: $66.03M as of Jul 31, 2020
Annual revenue (TTM): $2.07M as of Jul 31, 2020
EBITDA (TTM): -$20.43M as of Jul 31, 2020
Net annual income (TTM): -$25.13M as of Jul 31, 2020
Free cash flow (TTM): -$18.59M as of Jul 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 150,728,622 as of Aug 18, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization