ReVolve Renewable Power Corp. (V:REVV)
Business Focus: Electric Utilities (NEC)
| Sector: Utilities | Industry: Electric Utilities |
| Company Contact | |
| Address: | 2200-700 W. Georgia Street VANCOUVER BC V7Y 1K8 |
| Tel: | N/A |
| Website: | https://www.revolve-renewablepower.com |
| IR: | See website |
| Key People | ||
| Roger Norwich Independent Chairman of the Board, Co-Founder | Omar Bojorquez President, Co-Founder, Director | Stephen Dalton Chief Executive Officer, Co-Founder, Director |
| Nicholas Furber Chief Financial Officer | Tania Ontiveros Chief Financial Officer | Janet Bates Corporate Secretary |
| Business Overview |
| Revolve Renewable Power Corp. is a Canada-based owner, operator and developer of renewable energy projects in North America focusing on wind, solar and battery storage technologies. The Company has a total portfolio of approximately 12.33 MW (net) of operating assets and covers wind, solar, battery storage and hydro generation; a 3MW CHP project and a 450kWp rooftop solar project that are both under construction, and a diverse portfolio of development projects across the United States, Canada and Mexico with a combined capacity of over 3,000 MWs. It has a second division, Revolve Renewable Business Solutions which installs and operates sub 20 MW 'behind the meter' distributed generation assets. The Company's project includes Vernal Bess Phase 1, Primus Wind Project, El 24 Wind Project, Florida Wind Project, Presa Nueva Wind Project, Box Springs Windfarm Project, Hunter Creek Hydro Project, Sakwi Hydro project, Tahimi Creek Hydro Project, and Kinskuch Lake Hydro Project, among others. |
| Financial Overview |
| For the six months ended 31 December 2023, ReVolve Renewable Power Corp revenues increased from $124K to $1.3M. Net income totaled $411K vs. loss of $740K. Revenues reflect USA segment increase from $0K to $1.1M, Mexico segment increase from $98K to $241K. Net Income reflects Foreign exchange gain (loss) increase of 48% to $903K (income), Share based compensation decrease from $237K (expense) to $0K. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $19.77M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3.17M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.16M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.66M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.72M as of Dec 31, 2023 |
| Shares outstanding: | 63,036,116 as of Feb 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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