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Torrent Capital Ltd. (V:TORR)

Business Focus: Investment Management & Fund Operators (NEC)

Sector:  Financials Industry:  Investment Management & Fund Operators
Company Contact
Address: 1969 Upper Water Street
Suite 2001, Purdy's Wharf Tower ll
Tel: N/A
IR: See website
Key People
Wade K. Dawe
Chief Executive Officer, Director
Robert Randall
Chief Financial Officer
Scott Gardner
Chief Investment Officer
Business Overview
Torrent Capital Ltd. is a Canada-based investment issuer that invests in the securities of private and publicly traded companies. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. It allocates its capital towards a multitude of sectors and businesses at various stages of development. The Company maintains a concentrated portfolio of public securities and may invest in private placements, event-driven opportunities, special situations, and private companies with a liquidity window. It may also provide advisory services to select companies in conjunction with its investment mandate. The Company is researching investment opportunities in the clean technology sector.
Financial Overview
For the six months ended 30 June 2023, Torrent Capital Ltd revenues was not reported. Net loss decreased 50% to C$3.7M. Lower net loss reflects Unrealized loss on investments decrease of 58% to C$3.4M (expense), Stock-based compensation decrease of 57% to C$80K (expense), Consulting fees decrease of 25% to C$239K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.30 to -C$0.15.
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Jun 30, 2023
EBITDA (TTM): -$1.02M as of Jun 30, 2023
Net annual income (TTM): -$2.72M as of Jun 30, 2023
Free cash flow (TTM): -$0.11M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,004,167 as of Jun 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization