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Zedcor Inc. (V:ZDC)

Business Focus: Security Services

Sector:  Industrials Industry:  Business Support Services
 
Company Contact
Address: 300 - 151 Canada Olympic Road SW
CALGARY AB T3B 6B7
Tel: N/A
Website: https://zedcorsecurity.ca
IR: See website
Key People
Todd Ziniuk
President, Chief Executive Officer
Amin Ladha
Chief Financial Officer
Antonio Ciarla
Executive Vice President
James Leganchuk
Chief Revenue Officer
Jan M. Campbell
Corporate Secretary
 
Business Overview
Zedcor Inc. is a Canada-based technology-enabled company, which offers physical security services to businesses. The Company operates throughout Canada with service centers in British Columbia, Alberta, Manitoba and Ontario. The Company has three main service offerings to customers across all market segments: surveillance and live monitoring through its proprietary MobileyeZ security towers; surveillance and live monitoring of fixed site locations, and security personnel. The Company operates a fleet of over 700 proprietary MobileyeZ security towers, equipped with high resolution, technology-based cameras, and monitors numerous fixed site locations for customers across various industries. Its subsidiary is Zedcor Security Solutions Corp.
Financial Overview
For the fiscal year ended 31 December 2023, Zedcor Inc revenues increased 13% to C$24.9M. Net income decreased 56% to C$2.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by General and administrative increase of 55% to C$6.8M (expense), Stock based compensation increase from C$129K to C$562K (expense), Interest on debt increase of 74% to C$975K (expense).
Employees: 100 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $107.15M as of Dec 31, 2023
Annual revenue (TTM): $24.89M as of Dec 31, 2023
EBITDA (TTM): $7.08M as of Dec 31, 2023
Net annual income (TTM): $2.65M as of Dec 31, 2023
Free cash flow (TTM): -$3.58M as of Dec 31, 2023
Net Debt Last Fiscal Year: $26.14M as of Dec 31, 2023
Shares outstanding: 77,359,223 as of Apr 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization