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Spark Power Group Inc. (T:SPG)

Business Focus: Electrical Components & Equipment

Sector:  Industrials Industry:  Electrical Components & Equipment
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1315 North Service Rd E Suite 300
OAKVILLE ON L6H 1A7
Tel: N/A
Website: https://sparkpowercorp.com
IR: See website
Key People
Brad Cameron
Chairman of the Board, Chief Executive Officer
Daniel Chung
Chief Financial Officer
Julia Gray
Corporate Secretary
Business Overview
Spark Power Group Inc, formerly known as Canaccord Genuity Acquisition Corp, is a Canada-based provider of electrical power services to industrial, commercial, institutional, renewable, agricultural and utility customers across North America. The Company provides variety of services, such as High voltage , Renewable, Laboratory and testing, Monitoring and maintenance, Crew assist and mutual aid and Sales and rentals. The Company is focused on achieving renewable and sustainable on-site power solutions, such as Green Energy Solution, Energy Storage, Energy Efficiency, Energy Aware, On-Site Power and Electrical Vehicle Charging. The Company serves the high, medium and low voltage industries with a range of equipment sales, rentals, modular substation installations, design and repair services.
Financial Overview
For the fiscal year ended 31 December 2019, Spark Power Group Inc revenues increased 57% to C$188.6M. Net income totaled C$1.2M vs. loss of C$64.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Other Non Operating I/E decrease from C$47.8M (expense) to C$0K, Fair Value Adjustments on Other Assets decrease from C$12.7M (expense) to C$0K.
Employees: 450 as of Mar 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $179.12M as of Dec 31, 2019
Annual revenue (TTM): $188.59M as of Dec 31, 2019
EBITDA (TTM): $28.86M as of Dec 31, 2019
Net annual income (TTM): $1.18M as of Dec 31, 2019
Free cash flow (TTM): -$5.78M as of Dec 31, 2019
Net Debt Last Fiscal Year: $119.68M as of Dec 31, 2019
Shares outstanding: 53,649,648 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization