Sector: Industrials | Industry: Environmental Services & Equipment |
Company Contact | |
Address: | 250 Shields Court, Unit 8 MARKHAM ON L3R 9W2 |
Tel: | N/A |
Website: | https://pondtechnologiesinc.com |
IR: | See website |
Key People | ||
Grant Smith Chief Executive Officer, Director | Thomas Masney Chief Financial Officer | Dan Oconnor Chief Operating Officer |
Business Overview |
Pond Technologies Holdings Inc. is a technology company engaged in controlled environment cultivation of microalgae. The Company's primary business is engaged in microalgal biomass cultivation using available sources of carbon dioxide (CO2), including CO2 rich emission sources from industrial plants and the licensing of its technology. It has developed a robust disruptive technology platform based on artificial intelligence, proprietary LED lights and patented CO2-Management. The Company operates through three segments: Nutraceutical Products, Technology Services and Corporate. The Nutraceutical Products segment includes production and sales to consumers and businesses and distribution of third-party products. Its Technology Services segment includes the license fees, production of microalgal biomass, consulting, engineering services and the construction of biomass production facilities. It sells its microalgae-derived antioxidant astaxanthin under its Regenurex brand. |
Financial Overview |
For the nine months ended 30 September 2023, Pond Technologies Holdings Inc revenues decreased 13% to C$3.3M. Net loss applicable to common stockholders decreased 9% to C$3M. Revenues reflect Technology Services segment decrease of 72% to C$142K, Nutraceutical Products segment decrease of 5% to C$3.1M. Lower net loss reflects Others segment loss decrease of 35% to C$982K, Nutraceutical Products segment income totaling C$211K vs. loss of C$66K. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $5.15M as of Sep 30, 2023 |
Annual revenue (TTM): | $4.63M as of Sep 30, 2023 |
EBITDA (TTM): | -$3.01M as of Sep 30, 2023 |
Net annual income (TTM): | -$4.17M as of Sep 30, 2023 |
Free cash flow (TTM): | -$1.15M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $3.59M as of Sep 30, 2023 |
Shares outstanding: | 76,645,875 as of Dec 7, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |