Grounded People Apparel Inc. (C:SHOE)
Business Focus: Footwear (NEC)
| Sector: Consumer Cyclicals | Industry: Footwear |
| Company Contact | |
| Address: | 885 West Georgia Street, 2200 VANCOUVER BC V6C 2G2 |
| Tel: | N/A |
| Website: | https://groundedpeople.com |
| IR: | See website |
| Key People | ||
| Maximilian Justus Chief Executive Officer, Director | Geoffrey Balderson Chief Financial Officer, Corporate Secretary, Director | |
| Business Overview |
| Grounded People Apparel Inc. (Grounded) is a Canada-based apparel company. The Company is primarily engaged in the business of fair trade, sustainable and earth-conscious fashion. The Company's focus is on the design and production of shoes, and more specifically, high-top and low-cut canvassed sneakers. The Company operates through the sale of shoes segment. The Company's main products are high-top and low-cut canvas shoes, made from sustainable, ethically sourced and produced materials and manufactured by fair-trade workers. The Company's shoe collections feature organic cotton, linen, and natural rubber. The products are made using traditional artisan skills such as hand weaving, hand knitting, hand embroidery and hand block printing. The Company's L.A.C.E.S. campaign provides consumers with an option to select a specific set of shoelaces to accompany their footwear with the color. |
| Financial Overview |
| For the nine months ended 30 November 2023, Grounded People Apparel Inc revenues decreased 85% to C$23K. Net loss increased 45% to C$1.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Advertising and marketing increase of 39% to C$898K (expense), Consulting fees increase from C$76K to C$292K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $23.45M as of Nov 30, 2023 |
| Annual revenue (TTM): | N/A |
| EBITDA (TTM): | N/A |
| Net annual income (TTM): | N/A |
| Free cash flow (TTM): | -$2.51M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 23,212,006 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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