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Zedcor Energy Inc. (V:ZDC)

Business Focus: Commercial Equipment Rental

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Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 500 4 Ave SW Suite 3000
CALGARY AB T2P 2V6
Tel: N/A
Website: www.cerfcorp.com
IR: See website
Key People
Ian H. McKinnon
Chairman of the Board
Todd Ziniuk
President, Chief Operating Officer
Dean S. Swanberg
Interim Chief Executive Officer, Director
Kim Cotter
Chief Financial Officer
Marc Mandin
Vice President-Equipment Operations
Alex W Johnstone
Vice President - Business Development
William C. Guinan
Corporate Secretary, Independent Director
   
Business Overview
Zedcor Energy Inc, formerly Canadian Equipment Rentals Corp, is a Canada-based company engaged in equipment rentals, equipment sales and service, and waste management services. It operates through three segments: Energy Services, which provides surface wellsite equipment rentals, downhole equipment and wellsite accommodations rentals to support the drilling operations of energy and production companies operating in the Western Canada Sedimentary Basin; General Rentals, which operates as 4-Way Equipment Rentals (4-Way) and provides equipment rental solutions for construction and industrial projects in Edmonton, Alberta and surrounding areas from its facility in Edmonton, Alberta, and Waste Management, which operates as MCL Waste Systems & Environmental (MCL) and manages and operates approximately five landfills, over two waste management facility contracts in Central and Northern Alberta, and provides disposal and recycling services for clientele in a range of industries.
Financial Overview
For the six months ended 30 June 2019, Zedcor Energy Inc revenues increased 12% to C$9.7M. Net loss decreased 26% to C$2.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative decrease of 39% to C$1.8M (expense), Interest on debt decrease of 7% to C$1.7M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $30.87M as of Jun 30, 2019
Annual revenue (TTM): $18.53M as of Jun 30, 2019
EBITDA (TTM): $6.23M as of Jun 30, 2019
Net annual income (TTM): -$19.27M as of Jun 30, 2019
Free cash flow (TTM): -$2.38M as of Jun 30, 2019
Net Debt Last Fiscal Year: $31.77M as of Jun 30, 2019
Shares outstanding: 53,626,404 as of Jul 12, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization