Sharc International Systems Inc. (C:SHRC)
Business Focus: Heating, Ventilation & Air Conditioning Systems
| Sector: Industrials | Industry: Electrical Components & Equipment |
| Company Contact | |
| Address: | 1443 Spitfire Place PORT COQUITLAM BC V3C 6L4 |
| Tel: | N/A |
| Website: | https://www.sharcenergy.com |
| IR: | See website |
| Key People | ||
| Lynn Mueller Chairman of the Board, Chief Executive Officer, Director | Hanspaul Pannu Chief Financial Officer, Corporate Secretary | |
| Business Overview |
| SHARC International Systems Inc. is a Canada-based company, which is engaged in energy recovery from the wastewater the Company send down the drain every day. The Company is engaged in providing wastewater energy transfer (WET) expertise and products that service commercial, industrial, public utilities and residential development projects. Its products include SHARC Series and PIRANHA Series. The SHARC Series taps the potential of wastewater energy to reduce energy and water consumption, carbon emissions and energy costs at large, industrial scales. The SHARC utilizes the power of wastewater for both heating and cooling for the large capacity requirements of multi-family residential, commercial and energy districts. The PIRANHA Wastewater Heat Recovery & Cooling System is a specialized water-to-water heat pump that recovers energy directly from wastewater and uses this source energy to produce hot water. PIRANHA Series is typically used for potable domestic hot water (DHW) purposes. |
| Financial Overview |
| For the nine months ended 30 September 2023, Sharc International Systems Inc revenues increased 53% to C$1.7M. Net loss decreased 7% to C$3.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Interest and financing expense - Balanci decrease of 66% to C$221K (expense), Accounting and legal decrease of 21% to C$148K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $34.31M as of Sep 30, 2023 |
| Annual revenue (TTM): | $2.54M as of Sep 30, 2023 |
| EBITDA (TTM): | -$3.97M as of Sep 30, 2023 |
| Net annual income (TTM): | -$4.58M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$3.41M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 156,949,660 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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