Sector: Consumer Non-Cyclicals | Industry: Food Processing |
Company Contact | |
Address: | Suite 280 - 13071 Vanier Place RICHMOND BC V6V 2J1 |
Tel: | N/A |
Website: | https://www.glglifetech.com |
IR: | See website |
Key People | ||
Luke Y. Zhang Chairman of the Board, Chief Executive Officer | Edward Wang Chief Financial Officer | Simon Springett Chief Operating Officer, Director |
Business Overview |
GLG Life Tech Corporation is a producer of stevia extract and monk fruit extract. The Company specializes in the research and development, growing, refining and production of natural sweeteners for distribution to the global food and beverage industry. The Company's business operates through the Natural Sweeteners Products segment. The Natural Sweeteners Products segment is the manufacturing and sales of refined forms of stevia and monk fruit, which has operations in China and North America. Its retail business includes Sweet Time Stevia Extract and Sweet Time Sucralose. This portfolio provides customers with unparalleled zero calorie sweetener options and custom formulations tailored to its customers' specific calorie reduction needs. Its stevia products line includes RebPure, TasteBoost, BevSweet and BakeZeroCal. Its Monk fruit products line include Monk Sweet and Monk Gold. The Company's products also include REB M GOLD. Its subsidiary is Anhui Runhai Biotechnology Co., Ltd. |
Financial Overview |
For the nine months ended 30 September 2023, GLG Life Tech Corp revenues decreased 25% to C$5.9M. Net loss decreased 3% to C$16.6M. Revenues reflect North America segment decrease of 41% to C$4.4M, China segment decrease of 96% to C$20K. Basic Earnings per Share excluding Extraordinary Items increased from -C$0.45 to -C$0.43. |
Employees: | 86 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $113.40M as of Sep 30, 2023 |
Annual revenue (TTM): | $8.99M as of Sep 30, 2023 |
EBITDA (TTM): | $0.32M as of Sep 30, 2023 |
Net annual income (TTM): | -$32.45M as of Sep 30, 2023 |
Free cash flow (TTM): | $1.27M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $114.35M as of Sep 30, 2023 |
Shares outstanding: | 38,394,223 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |