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Synex International Inc. (T:SXI)

Business Focus: Electric Utilities

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Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEDAR
Company Contact
Address: 101-1444 Alberni St
Tel: N/A
IR: See website
Key People
Tanya L. DeAngelis
Chairman of the Board
Daniel J. Russell
Chief Executive Officer
Mark Alfred Stephens
Corporate Secretary, Director
Business Overview
Synex International Inc. is a hydroelectric developer and consultant. The Company, through its subsidiaries, Synex Energy Resources Ltd. (Synex Energy or the Power Division) and Sigma Engineering Ltd. (Sigma or the Engineering Division), is engaged in the development, ownership and operation of electric power facilities, and the provision of consulting engineering and environmental services in water resources, particularly hydroelectric facilities. The Power Division's operations include generation of electricity at the 3.8 megawatt (MW) Mears Creek and 2.8 MW Cypress Creek hydroelectric plants; generation of electricity at the 4.4 MW Barr Creek hydroelectric plant; an interest through an investment in Upnit Power Limited Partnership in the 6.5 MW China Creek hydroelectric plant; an interest through an investment in Robson Valley Power Corporation in the 3.3 MW Ptarmigan Creek hydroelectric plant, and the distribution and sale of electricity at the distribution utility near Kyuquot.
Financial Overview
For the nine months ended 31 March 2019, Synex International Inc revenues remained flat at C$2.3M. Net loss remained flat at C$1.1M. Revenues reflect Electricity sales increase of 9% to C$2.1M, also reflect Engineering services decrease of 58% to C$125K. Net income also reflects Amortization decrease of 10% to C$663K (expense), Interest on long term debt decrease of 7% to C$466K (expense).
Employees: 17 as of Jun 30, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $22.26M as of Mar 31, 2019
Annual revenue (TTM): $3.32M as of Mar 31, 2019
EBITDA (TTM): $0.41M as of Mar 31, 2019
Net annual income (TTM): -$1.09M as of Mar 31, 2019
Free cash flow (TTM): -$0.65M as of Mar 31, 2019
Net Debt Last Fiscal Year: $13.41M as of Mar 31, 2019
Shares outstanding: 38,478,083 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization