Radient Technologies Inc. (V:RTI)
Business Focus: Alternative Medicine
| Sector: Healthcare | Industry: Pharmaceuticals |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 2900-550 Burrard St VANCOUVER BC V6C 0A3 |
| Tel: | N/A |
| Website: | www.radientinc.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Radient Technologies Inc. is a commercial manufacturer of cannabinoid-based formulations, ingredients and related products. The Company has developed its own extraction process, Microwave Assisted Processing (MAP), which is capable of producing a consistent product at industrial scale quantities. The MAP process is continuous flow, delivers full spectrum extraction and recovers up to 99% of the active compounds from cannabis and hemp. The Company operates in Canada and is building an additional facility in Germany. |
| Financial Overview |
| For the nine months ended 31 December 2019, Radient Technologies Inc revenues increased from C$214K to C$12.5M. Net loss decreased 9% to C$18.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 76% to C$2.2M (expense), Business development decrease of 50% to C$496K (expense), Corporate development decrease of 34% to C$740K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $21.01M as of Dec 31, 2019 |
| Annual revenue (TTM): | $12.51M as of Dec 31, 2019 |
| EBITDA (TTM): | -$20.50M as of Dec 31, 2019 |
| Net annual income (TTM): | -$26.08M as of Dec 31, 2019 |
| Free cash flow (TTM): | -$42.06M as of Dec 31, 2019 |
| Net Debt Last Fiscal Year: | $10.09M as of Dec 31, 2019 |
| Shares outstanding: | 279,492,736 as of May 5, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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