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 HALIFAX NS B3J 3R7 |
| Tel: | N/A |
| Website: | https://torrentcapital.ca |
| 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 | |
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