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Radient Technologies Inc. (V:RTI)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 8223 Roper Road
Tel: N/A
IR: See website
Key People
Harry Kaura
President, Chief Executive Officer, Director
Prakash Hariharan
Chief Financial Officer
Steven Joseph Splinter
Chief Technology Officer, Corporate Secretary, Director
Business Overview
Radient Technologies Inc. is a Canada-based manufacturer of cannabis derivatives, formulations and products. The Company's principal activities are research, development and commercialization of technology for the extraction, isolation and purification of soluble products from a range of materials using microwave technology. The Company is focused on the formulation, manufacturing and launching of cannabis products. It develops specialty products that contains a range of cannabinoid and terpene profiles. It also operates a scientific and product testing laboratory that offers solutions to the cannabis and wellness spaces. Its extraction platform extracts cannabinoids from cannabis and hemp biomass. Its cannabis formulations include tinctures, topicals, sub-lingual sprays, standardized oils, stable water soluble and water dispersible powders and solid powders. Its cannabinoid-based ingredients are formulated for use in food and beverage products, personal care products and others.
Financial Overview
For the nine months ended 31 December 2021, Radient Technologies Inc revenues increased 75% to C$3.4M. Net loss decreased 66% to C$6.8M. Revenues reflect Manufactured products increase of 80% to C$3.4M. Lower net loss reflects Impairment of inventories decrease from C$6.6M (expense) to C$0K, General and administrative decrease of 43% to C$2M (expense), Interest on short-term borrowings decrease of 65% to C$332K (expense).
Employees: 33 as of Mar 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $27.26M as of Dec 31, 2021
Annual revenue (TTM): $3.96M as of Dec 31, 2021
EBITDA (TTM): -$5.97M as of Dec 31, 2021
Net annual income (TTM): -$29.05M as of Dec 31, 2021
Free cash flow (TTM): -$1.08M as of Dec 31, 2021
Net Debt Last Fiscal Year: $12.07M as of Dec 31, 2021
Shares outstanding: 530,868,021 as of Feb 4, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization