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Redline Communications Group Inc. (T:RDL)

Business Focus: Wi-Fi & Wi-Max Providers

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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
Stephen J. Sorocky
Chief Executive Officer
Joan Marie Ritchie
Chief Financial Officer, Vice President - Finance and Organizational Development
Bojan Subasic
Vice President - Development and Production
Louis Lambert
Vice President, Oil and Gas Sales
Jimmy Bakakis
Assistant Vice President, Critical Infrastructure Sales
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 six months ended 30 June 2019, Redline Communications Group Inc revenues decreased 11% to $11.6M. Net loss increased from $79K to $2.2M. Revenues reflect Hardware & Software segment decrease of 11% to $10M, Services segment decrease of 59% to $734K, Americas, including Domestic segment decrease of 19% to $6.2M, Asia Pacific segment decrease of 61% to $333K.
Employees: 105 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $14.23M as of Jun 30, 2019
Annual revenue (TTM): $34.04M as of Jun 30, 2019
EBITDA (TTM): -$2.47M as of Jun 30, 2019
Net annual income (TTM): -$3.29M as of Jun 30, 2019
Free cash flow (TTM): -$3.74M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 17,215,469 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization