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Everyday People Financial Corp. (V:EPF)

Business Focus: Miscellaneous Fintech Infrastructure

Sector:  Technology Industry:  Miscellaneous Fintech Infrastructure
 
Company Contact
Address: Suite 450, 11150 Jasper Avenue
EDMONTON AB T5K 0C7
Tel: N/A
Website: https://everydaypeoplefinancial.com
IR: See website
Key People
Gordon J. Reykdal
Executive Chairman of the Board
Barret Reykdal
Chief Executive Officer, Co-Founder, Director
Mayank Mahajan
Chief Financial Officer
Graham Rankin
President of BPO
   
Business Overview
Everyday People Financial Corp is a Canada-based financial services company. Through its technology-driven ecosystem and specialty credit solutions, the Company manages credit and prepaid card programs, homeownership facilitation, and payment management services. The Company operates through four segments: Financial services, EP Homes facilitation services, Collection services, and Contract receivable services. The Financial services segment issues secured / prepaid credit cards. The EP Homes facilitation services segment acquires homes and offers eligible clients the ability to purchase a home through a structured lease and dedicated down payment accumulation program. The Collection services segment provides debt collection services for corporations that have past due and default accounts. The Contract receivable services segment acquires residential and commercial security contracts between the consumer and the alarm companies at a certain discount.
Financial Overview
For the fiscal year ended 31 December 2023, Everyday People Financial Corp revenues increased 69% to C$37.9M. Net loss decreased 96% to C$2M. Revenues reflect Collection Services segment increase of 83% to C$31.8M, EP Homes Facilitation Services segment increase of 34% to C$5.9M, Canada segment increase from C$5M to C$20.3M, United Kingdom segment increase of 1% to C$17.6M.
Employees: 450 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $65.16M as of Dec 31, 2023
Annual revenue (TTM): $37.89M as of Dec 31, 2023
EBITDA (TTM): -$2.71M as of Dec 31, 2023
Net annual income (TTM): -$1.95M as of Dec 31, 2023
Free cash flow (TTM): -$5.48M as of Dec 31, 2023
Net Debt Last Fiscal Year: $19.09M as of Dec 31, 2023
Shares outstanding: 115,246,539 as of Feb 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization