Turnium Technology Group Inc. (V:TTGI)
Business Focus: Programming Software & Testing Tools
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 3355 Grandview Hwy Unit 2 VANCOUVER BC V5M 1Z5 |
| Tel: | N/A |
| Website: | https://turnium.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Turnium Technology Group Inc. is a Canada-based company. The Company delivers software-defined wide area networking (SD-WAN) solutions as a white label, containerized, disaggregated software platform that OEM channel partners host, manage, brand, and price, and as a managed cloud-native service. Turnium SD-WAN is available through a channel partner program designed for telecommunications service providers, Internet and managed service providers, system integrators, and value-added resellers. In addition, the Company delivers services through a wholly owned subsidiary, Tenacious Networks Inc. (TNET), which provides channel partners with professional services, as well as end-customer businesses with information technology (IT) services and support services including managed desktop, hosted voice and computer hardware, network, and security sales. The Company hosts and delivers its managed service from its own data centers in Vancouver, Calgary, Toronto, New York, and Los Angeles. |
| Financial Overview |
| For the three months ended 31 December 2023, Turnium Technology Group Inc revenues decreased 1% to C$1.3M. Net loss applicable to common stockholders increased 57% to C$625K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects General and administrative increase of 77% to C$705K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $8.72M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5.20M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.52M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $1.42M as of Dec 31, 2023 |
| Shares outstanding: | 104,605,243 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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