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Thermal Energy International Inc. (V:TMG)

Business Focus: Environmental Services & Equipment

Sector:  Industrials Industry:  Environmental Services & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 850 -- 36 Antares Dr.
Tel: 1-613-7236776
IR: See website
Key People
William M. Crossland
President, Chief Executive Officer, Director
Jie Zhang
Chief Financial Officer
Robert Triebe
Chief Operating Officer
Business Overview
Thermal Energy International Inc is Canada-based clean technology company. The Company is engaged in providing energy and water efficiency and emission reduction solutions to industrial and institutional clients across a wide range of industries. The Company's products include: FLU-ACE, a direct contact condensing heat recovery system; GEM steam traps, a condensate return system solution, and DRY-REX, a low temperature biomass drying system. The Company offers turn-key solutions. GEM Steam Traps and FLU-ACE Heat Recovery systems deliver approximately 10-30% energy savings to customers, by reducing their fuel use and cutting their carbon emissions. The Company has offices in Canada, as well as United Kingdom, United States, Germany, Italy and China.
Financial Overview
For the six months ended 30 November 2020, ThermalEnergy International Inc. revenues decreased 39% to C$7.8M.Net income decreased 44% to C$344K. Revenues reflect adecrease in demand for the Company's products and servicesdue to unfavorable market conditions. Net income alsoreflects Finance revenue decrease from C$5K (income) toC$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $39.27M as of Nov 30, 2020
Annual revenue (TTM): $16.45M as of Nov 30, 2020
EBITDA (TTM): $1.53M as of Nov 30, 2020
Net annual income (TTM): -$2.17M as of Nov 30, 2020
Free cash flow (TTM): -$0.88M as of Nov 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 162,984,277 as of Mar 8, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization