Sector: Industrials | Industry: Environmental Services & Equipment |
Company Contact | |
Address: | 850 -- 36 Antares Dr. OTTAWA ON K2E 7W5 |
Tel: | N/A |
Website: | https://www.thermalenergy.com |
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 a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world. |
Financial Overview |
For the six months ended 30 November 2023, Thermal Energy International Inc revenues increased 69% to C$12.3M. Net income totaled C$622K vs. loss of C$778K. Revenues reflect Thermal Energy Bristol segment increase of 78% to C$6.4M, Thermal Energy Ottawa segment increase of 60% to C$5.9M. Net Income reflects Research and development decrease of 38% to C$26K (expense), Depreciation decrease of 17% to C$55K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $58.82M as of Nov 30, 2023 |
Annual revenue (TTM): | $26.10M as of Nov 30, 2023 |
EBITDA (TTM): | $3.29M as of Nov 30, 2023 |
Net annual income (TTM): | $2.12M as of Nov 30, 2023 |
Free cash flow (TTM): | $1.62M as of Nov 30, 2023 |
Net Debt Last Fiscal Year: | $1.03M as of Nov 30, 2023 |
Shares outstanding: | 172,579,305 as of Mar 4, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |