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Zedcor Energy Inc. (V:ZDC)

Business Focus: Commercial Equipment Rental

Sector:  Industrials Industry:  Business Support Services
See Regulatory Filings on SEDAR
Company Contact
Address: 500 4 Ave SW Suite 3000
Tel: N/A
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 three months ended 31 March 2020, Zedcor Energy Inc revenues decreased 21% to C$4.7M. Net loss decreased 58% to C$287K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Loss on sale of equipment decrease from C$381K (expense) to C$51K (income), Interest on debt decrease of 35% to C$583K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $43.25M as of Mar 31, 2020
Annual revenue (TTM): $15.71M as of Mar 31, 2020
EBITDA (TTM): $6.02M as of Mar 31, 2020
Net annual income (TTM): -$7.64M as of Mar 31, 2020
Free cash flow (TTM): $2.99M as of Mar 31, 2020
Net Debt Last Fiscal Year: $32.27M as of Mar 31, 2020
Shares outstanding: 55,066,191 as of May 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization