Theralase Technologies Inc. (V:TLT)
Business Focus: Laser Equipment
| Sector: Healthcare | Industry: Advanced Medical Equipment & Technology |
| Company Contact | |
| Address: | 41 Hollinger Rd EAST YORK ON M4B 3G4 |
| Tel: | 1-416-4478455 |
| Website: | https://theralase.com |
| IR: | See website |
| Key People | ||
| Roger Dumoulin-White President, Chief Executive Officer, Director | Kristina Hachey Chief Financial Officer, Director | Arkady Mandel Chief Scientific Officer, Director |
| Business Overview |
| Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company's medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources. |
| Financial Overview |
| For the nine months ended 30 September 2023, Theralase Technologies Inc revenues decreased 13% to C$707K. Net loss decreased 18% to C$3.6M. Revenues reflect Canada segment decrease of 19% to C$557K, International segment decrease of 91% to C$2K. Lower net loss reflects R & d decrease of 40% to C$1.9M (expense), Sales salaries decrease of 25% to C$116K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $40.23M as of Sep 30, 2023 |
| Annual revenue (TTM): | $1.03M as of Sep 30, 2023 |
| EBITDA (TTM): | -$4.18M as of Sep 30, 2023 |
| Net annual income (TTM): | -$4.46M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$4.02M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 223,142,675 as of Oct 19, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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