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Prodigy Ventures Inc. (V:PGV)

Business Focus: Shell Companies

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Sector:  Financials Industry:  Holding Companies
 
See Regulatory Filings on SEDAR
Company Contact
Address: c/o Fogler, Rubinoff LLP
TORONTO ON M5K 1G8
Tel: N/A
Website: www.prodigy.ventures
IR: See website
Key People
Tom Beckerman
Chairman of the Board, Chief Executive Officer
Jeffrey S. Watts
President
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 fiscal year ended 31 December 2018, Prodigy Ventures Inc revenues increased 40% to C$16.9M. Net income decreased 49% to C$176K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Compensation increase of 60% to C$2.1M (expense), Rent and occupancy costs increase of 89% to C$187K (expense), Research and Development increase of 3% to C$1M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.16M as of Dec 31, 2018
Annual revenue (TTM): $16.94M as of Dec 31, 2018
EBITDA (TTM): $0.30M as of Dec 31, 2018
Net annual income (TTM): $0.18M as of Dec 31, 2018
Free cash flow (TTM): -$0.07M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,454,902 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization