Radient Technologies Inc. (V:RTI)
Business Focus: Specialty Chemicals
| Sector: Basic Materials | Industry: Specialty Chemicals |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 8223 Roper Rd NW EDMONTON AB T6E 6S4 |
| Tel: | N/A |
| Website: | www.radientinc.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Radient Technologies Inc is a Canada-based company engaged in microwave-assisted natural product extraction, purification and isolation. Its principal activity includes the research and development of its technology for the extraction of soluble products from a range of materials using microwave technology. Its products include Valerenic Acid 0.8%, Valerenic Acid 1.6%, Carnosic Acid 20% and Carnosic Acid 40%. It extracts natural compounds from a range of biological materials using its Microwave Assisted Processing (MAP) natural product extraction technology platform. Its MAP technology is based on the selective and localized heating of the moisture present in all natural materials using microwaves as the energy source. The Company is involved in extracting, isolating and purifying food/nutraceutical ingredients (colorings, flavorings and preservatives) and pharmaceutical raw materials. The Company's extraction process uses a range of solvents, including ethanol, hexane and acetone. |
| Financial Overview |
| For the fiscal year ended 31 March 2019, Radient Technologies Inc revenues decreased 53% to C$214K. Net loss increased 98% to C$27.9M. Revenues reflect Technical assessments decrease from C$4K to C$0K. Higher net loss reflects Share-based payments increase of 67% to C$10.3M (expense), General and administrative increase of 95% to C$5.5M (expense), Loss on demolition of buildings increase from C$0K to C$1.9M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $182.03M as of Mar 31, 2019 |
| Annual revenue (TTM): | $0.21M as of Mar 31, 2019 |
| EBITDA (TTM): | -$16.43M as of Mar 31, 2019 |
| Net annual income (TTM): | -$27.86M as of Mar 31, 2019 |
| Free cash flow (TTM): | -$28.43M as of Mar 31, 2019 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 268,835,143 as of Mar 31, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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