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TIMIA Capital Corp. (V:TCA)

Business Focus: Venture Capital

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEDAR
Company Contact
Address: 207-415 Cordova St W
VANCOUVER BC V6B 1E5
Tel: N/A
Website: www.timiacapital.com
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 29 February 2020, Timia Capital Corp revenues increased 80% to C$1M. Net loss decreased 46% to C$138K. Revenues reflect Interest income increase of 84% to C$940K, Income from transaction and other fees increase of 40% to C$84K. Lower net loss reflects Foreign exchange loss (gain) increase from C$22K (expense) to C$167K (income), IR and communications decrease of 23% to C$80K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $13.87M as of Feb 29, 2020
Annual revenue (TTM): $3.74M as of Feb 29, 2020
EBITDA (TTM): $0.89M as of Feb 29, 2020
Net annual income (TTM): -$1.43M as of Feb 29, 2020
Free cash flow (TTM): -$2.07M as of Feb 29, 2020
Net Debt Last Fiscal Year: $5.65M as of Feb 29, 2020
Shares outstanding: 41,434,794 as of May 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization