Vitreous Glass Inc. (V:VCI)
Business Focus: Waste Management, Disposal & Recycling Services
| Sector: Industrials | Industry: Environmental Services & Equipment |
| Company Contact | |
| Address: | PO Box 10190 AIRDRIE AB T4A 0H5 |
| Tel: | N/A |
| Website: | https://www.vitreousglass.ca |
| IR: | See website |
| Key People | ||
| J. Patrick Cashion President, Chief Executive Officer, Director | Timothy Howard Rendell Chief Financial Officer, Director | Darcy J. Forbes Chief Operating Officer, Vice President |
| Business Overview |
| Vitreous Glass Inc. is a Canada-based company, which is engaged in recycling glass. The principal business of the Company is cleaning, crushing and selling waste glass to the fiberglass manufacturing industry in the province of Alberta. The Company creates GlasSand cullet for use in fiberglass insulation manufacturing. |
| Financial Overview |
| For the three months ended 31 December 2023, Vitreous Glass Inc revenues decreased 20% to C$2.3M. Net income decreased 22% to C$567K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects General and administrative - Balancing v increase of 36% to C$81K (expense), Salaries and employees benefits and dire increase of 10% to C$77K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $32.01M as of Dec 31, 2023 |
| Annual revenue (TTM): | $9.62M as of Dec 31, 2023 |
| EBITDA (TTM): | $3.24M as of Dec 31, 2023 |
| Net annual income (TTM): | $2.37M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.37M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 6,336,087 as of Jan 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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