RDARS Inc. (C:RDRS)
Business Focus: Drone Manufacturing
| Sector: Industrials | Industry: Aerospace & Defense |
| Company Contact | |
| Address: | 2 Covington Road, Suite 507 NORTH YORK ON M6A 3E2 |
| Tel: | N/A |
| Website: | https://www.rdars.com |
| IR: | See website |
| Key People | ||
| Charles Zwebner Chief Executive Officer, Corporate Secretary, Director | Bennett Kurtz Chief Financial Officer | Jason Braverman Chief Technology Officer |
| Business Overview |
| RDARS Inc. is a Canada-based autonomous robotics and drone technology company developing advanced systems for alarm system augmentation and surveillance. The Company possesses a disruptive technology that is advancing the security industry's approach to protecting commercial, industrial and residential properties, by introducing protection with autonomous artificial intelligence systems that allow for real time response, situation awareness, verification, intervention, evidence recording, data capture, analysis, and immediate downstream transmission to public safety agencies. It has the ability, upon a property security breach, in real time to receive, analyze, and downstream the data and inform public safety agencies who the perpetrators potentially are before they arrive at the property. Its flagship product includes the Eagle Watch Platform comprising Eagle Eye, a drone; Eagle Nest, a drone station; Eagle Rover, an indoor robotic system; and Eagle Watch Command & Control Software. |
| Financial Overview |
| For the nine months ended 31 August 2023, RDARS Inc revenues increased from C$0K to C$240K. Net loss increased from C$963K to C$2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Gain on derivative liability decrease from C$713K (income) to C$0K, Selling and marketing increase from C$11K to C$231K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.67M as of Aug 31, 2023 |
| Annual revenue (TTM): | $0.24M as of Aug 31, 2023 |
| EBITDA (TTM): | -$2.65M as of Aug 31, 2023 |
| Net annual income (TTM): | -$4.02M as of Aug 31, 2023 |
| Free cash flow (TTM): | -$2.23M as of Aug 31, 2023 |
| Net Debt Last Fiscal Year: | $1.67M as of Aug 31, 2023 |
| Shares outstanding: | 17,721,285 as of Aug 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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