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Redline Communications Group Inc. (T:RDL)

Business Focus: Wi-Fi & Wi-Max Providers

Sector:  Telecommunication Services Industry:  Wireless Telecommunications Services
See Regulatory Filings on SEDAR
Company Contact
Address: 302 Town Centre Blvd
Tel: 1-416-6572400
IR: See website
Key People
Nizar Jaffer Somji
Independent Chairman of the Board
Stephen J. Sorocky
Chief Executive Officer
Joan Ritchie
Chief Financial Officer, Vice President - Finance and Organizational Development
Louis Lambert
Senior Vice President Business and Corporate Development
Abdelsalam Aldwikat
Vice President - Operations and Technology
Business Overview
Redline Communications Group Inc. is a Canada-based company, which develops and markets ruggedized wireless infrastructure solutions and wide-area wireless networks for a range of applications and locations. These solutions provide voice, data, video and machine-to-machine (M2M) communications in remote areas. The Company operates in four segments. The Energy/Digital Oilfields segment provides low-latency solutions to provide a communication blanket across oilfields that deliver M2M and personal communications. The Governments segment provides a range of solutions for M2M applications, including delivering video surveillance camera footage and highway and other infrastructure information. The Telecom Service segment delivers wireless broadband access to underserved locations. The Military segment provides private communications to support people and equipment in theater.
Financial Overview
For the nine months ended 30 September 2019, Redline Communications Group Inc revenues decreased 5% to $18.6M. Net loss increased from $595K to $2.4M. Revenues reflect Services segment decrease of 65% to $956K, Hardware & Software segment decrease of 3% to $16.3M, Americas, including Domestic segment decrease of 14% to $9.9M, Asia Pacific segment decrease of 21% to $952K.
Employees: 105 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2.62M as of Dec 31, 2019
Annual revenue (TTM): $36.79M as of Dec 31, 2019
EBITDA (TTM): -$2.20M as of Dec 31, 2019
Net annual income (TTM): -$3.11M as of Dec 31, 2019
Free cash flow (TTM): -$0.98M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 17,215,469 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization