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Prodigy Ventures Inc. (V:PGV)

Business Focus: Shell Companies

Sector:  Financials Industry:  Holding Companies
See Regulatory Filings on SEDAR
Company Contact
Address: TD Canada Trust Tower
161 Bay St Suite 4420,
PO Box 125
Tel: N/A
IR: See website
Key People
Tom Beckerman
Chairman of the Board, Chief Executive Officer
Jeffrey S. Watts
A.George Matthew
Chief Financial Officer, Corporate Secretary, Director
Business Overview
Prodigy Ventures Inc., formerly 71 Capital Corp., is a Canada-based technology services provider. The Company is engaged in creating platforms and applications in various technology segments. It provides client technology services for application design, business strategy, development and implementation. It operates in two segments. Its technology services provider, Prodigy labs, provides clients with consulting services for strategy, design, project management, application development, staff augmentation and services related to its business platforms. Its Prodigy Ventures segment creates new business platforms and applications in technology segments, such as mobile video, wearables, proximity marketing, mobile payments, augmented reality, three-dimensional (3D) and social. Prodigy Venture's business platforms and applications are designed to deliver business to business, business to consumer, Peer to Peer (P2P) and Internet of Things (IoT) capabilities.
Financial Overview
For the nine months ended 30 September 2019, Prodigy Ventures Inc revenues increased 25% to C$15.3M. Net income increased from C$174K to C$392K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Share-based compensation decrease of 70% to C$14K (expense), Research and Development decrease of 2% to C$757K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $16.07M as of Sep 30, 2019
Annual revenue (TTM): $20.02M as of Sep 30, 2019
EBITDA (TTM): $0.74M as of Sep 30, 2019
Net annual income (TTM): $0.39M as of Sep 30, 2019
Free cash flow (TTM): $0.82M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 115,506,320 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization