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Radient Technologies Inc. (V:RTI)

Business Focus: Specialty Chemicals

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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