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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: 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