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TIMIA Capital Corp. (V:TCA)

Business Focus: Venture Capital

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Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: 207-415 Cordova St W
Tel: N/A
IR: See website
Key People
Howard John Atkinson
Chairman of the Board
Michael Christopher Walkinshaw
Chief Executive Officer, Director
Andrew Abouchar
Chief Financial Officer
Gregory Edmund Smith
Chief Investment Officer
Business Overview
Timia Capital Corp, formerly Greenangel Energy Corp, is a Canada-based specialty finance company that provides financing and support to private technology businesses in Canada in exchange for both monthly payments and capital gains participation in the portfolio. This form of financing, known as Revenue Financing (RBF) is the Company's core product. The Company's target market is the business-to-business software-as-a-service (SaaS) segment. The Company also manages a portfolio of equity investments comprised of both equity positions obtained through its RBF model and clean energy companies from its prior business model. The Company's investment objective is to maximize its portfolio total return by generating current income from its debt investments and capital appreciation from its warrant and equity-related investments.
Financial Overview
For the three months ended 28 February 2019, Timia Capital Corp revenues increased 58% to C$571K. Net loss totaled C$255K vs. income of C$83K. Revenues reflect Interest income increase of 50% to C$510K, Income from transaction and other fees increase from C$21K to C$60K. Net loss reflects Interest expense increase of 38% to C$236K (expense), Interest payments to co-investors increase from C$37K to C$92K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $16.09M as of Feb 28, 2019
Annual revenue (TTM): $1.95M as of Feb 28, 2019
EBITDA (TTM): -$0.11M as of Feb 28, 2019
Net annual income (TTM): -$0.32M as of Feb 28, 2019
Free cash flow (TTM): -$1.29M as of Feb 28, 2019
Net Debt Last Fiscal Year: $10.22M as of Feb 28, 2019
Shares outstanding: 39,464,794 as of Jul 17, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization