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Tower One Wireless Corp (C:TO)

Business Focus: Wireless Telecoms Service Providers

Sector:  Telecommunications Services Industry:  Wireless Telecommunications Services
 
Company Contact
Address: Calle 84 A No. 12 - 18 Oficina 302
VANCOUVER BC 110221
Tel: N/A
Website: https://toweronewireless.com
IR: See website
Key People
N/A    
Business Overview
Tower One Wireless Corp. is a Canada-based build-to-suit (BTS) tower owner, operator, and developer of multi-tenant wireless telecommunications infrastructure in Latin America. The Company's primary business is the leasing of space on communications sites to mobile network operators (MNOs). It focuses primarily on the construction of towers in municipalities where cellular coverage is limited or non-existent. Each tower is built with an initial anchor-tenant commitment and space for an additional one to three tenants, or collocations. Its tower-related services include site acquisition, zoning and permitting, structural analysis, and construction, which primarily supports the Company's site leasing business, including the addition of new tenants and equipment on its sites. It offers tower-related services in Argentina, Colombia and Mexico. It is focused on expanding 4G LTE/5G infrastructure in Canada, Colombia, Mexico, Ecuador and the United States and seek to open other territories.
Financial Overview
For the nine months ended 30 September 2022, Tower One Wireless Corp revenues increased from C$6.1M to C$15.9M. Net loss applicable to common stockholders increased from C$858K to C$1.8M. Revenues reflect Colombia segment increase from C$2.3M to C$14M, Mexico segment increase from C$538K to C$1.9M, Colombia segment increase from C$2.3M to C$14M, Mexico segment increase from C$538K to C$1.9M.
Employees: 68 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $31.39M as of Sep 30, 2022
Annual revenue (TTM): $20.52M as of Sep 30, 2022
EBITDA (TTM): $0.64M as of Sep 30, 2022
Net annual income (TTM): -$5.15M as of Sep 30, 2022
Free cash flow (TTM): -$14.76M as of Sep 30, 2022
Net Debt Last Fiscal Year: $27.49M as of Sep 30, 2022
Shares outstanding: 205,881,378 as of Feb 13, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization