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Pathfinder Ventures Inc. (V:RV)

Business Focus: Campsite Operators

Sector:  Consumer Cyclicals Industry:  Hotels, Motels & Cruise Lines
 
Company Contact
Address: 9451 Glover Road, Null
PO Box 610
FORT LANGLEY BC V1M 2R9
Tel: N/A
Website: https://pathfinderventures.ca
IR: See website
Key People
Joseph Russell Bleackley
Chief Executive Officer, Corporate Secretary, Director
Jennifer Lee
Chief Financial Officer
Stan Duckworth
Chief Operating Officer
Business Overview
Pathfinder Ventures Inc. is engaged in developing a network of branded, upscale, and family-friendly recreational vehicle (RV) parks and campgrounds under the Pathfinder Camp Resorts name. The Company is engaged in providing short and long-term accommodation year-round via its wholly owned land and on-site facilities. Its segments include Corporate and Resorts. The Company has three camp resorts located in British Columbia (BC) and is focused on growing its network through both acquisitions and new construction. Pathfinder Camp Resorts in Agassiz-Harrison, BC offers an array of amenities designed for campers of all ages, with space for RV or travel trailer and lodging accommodations. Pathfinder Parksville location offers about 128 full hookup sites with the various amenities available and caters to all kinds of campers. The Company's Fort Camping caters to all kinds of campers with about 156 RV sites, a group tent area, and five tent cabins as a value-priced glamping option.
Financial Overview
For the nine months ended 30 September 2023, Pathfinder Ventures Inc revenues increased 5% to C$2.9M. Net loss increased 6% to C$1.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest expense - Balancing value increase of 36% to C$666K (expense), Salaries and benefits increase of 9% to C$1.3M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $11.90M as of Dec 31, 2023
Annual revenue (TTM): $3.52M as of Dec 31, 2023
EBITDA (TTM): -$0.19M as of Dec 31, 2023
Net annual income (TTM): -$2.33M as of Dec 31, 2023
Free cash flow (TTM): -$0.53M as of Dec 31, 2023
Net Debt Last Fiscal Year: $9.98M as of Dec 31, 2023
Shares outstanding: 68,681,976 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization