Progressive Planet Solutions Inc. (V:PLAN)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 724 East Sarcee Street KAMLOOPS BC V2H 1E7 |
| Tel: | 1-800-9103072 |
| Website: | https://progressiveplanet.ca |
| IR: | See website |
| Key People | ||
| Stephen Kenneth Harpur Chairman of the Board, Chief Executive Officer | Chris Halseybrandt Chief Financial Officer | |
| Business Overview |
| Progressive Planet Solutions Inc. is a Canada-based cleantech and a manufacturing company. The Company specializes in merging cleantech with ancient volcanic ash and minerals to create planet-friendly products that fight climate change. The Company's properties include Z1 Zeolite Property, British Columbia; Z2 Zeolite Property, British Columbia, and Z3 Heffley Property, British Columbia. It creates bespoke products that include diatomaceous earth, soft rock phosphate, zeolite, limestone, bentonite clay, humates, biochar, and virgin / post-consumer glass. Its subsidiaries include Progressive Planet Products Inc., 0820443 B.C. Ltd., Progressive Planet Alberta Inc., and Progressive Planet US LLC. |
| Financial Overview |
| For the nine months ended 31 January 2024, Progressive Planet Solutions Inc revenues increased 3% to C$15.2M. Net loss decreased 70% to C$321K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Personnel decrease of 25% to C$658K (expense), Other Non Rec I/E - Non Business Activ increase from C$0K to C$203K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $20.28M as of Jan 31, 2024 |
| Annual revenue (TTM): | $19.58M as of Jan 31, 2024 |
| EBITDA (TTM): | $0.93M as of Jan 31, 2024 |
| Net annual income (TTM): | -$0.63M as of Jan 31, 2024 |
| Free cash flow (TTM): | $0.50M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $8.73M as of Jan 31, 2024 |
| Shares outstanding: | 112,496,943 as of Mar 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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