Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
Company Contact | |
Address: | 141 Adelaide Street West, Suite 1007 TORONTO ON M5H 3L5 |
Tel: | N/A |
Website: | https://www.spotcoffee.com |
IR: | See website |
Key People | ||
John Lorenzo Executive Chairman of the Board | Anton Ayoub President, Chief Executive Officer, Director | Randy Koroll Chief Financial Officer |
Business Overview |
SPoT Coffee (Canada) Ltd. (SPoT) is a Canada-based company, which designs, builds and operates community-oriented cafes. SPoT operates Company-owned cafes in Canada and the United States. The Company has a total of approximately 25 cafes operating, in development or under construction in the states of New York and Connecticut, including seven corporate-owned cafes located in Buffalo, Rochester, Saratoga Springs, Elmwood, Glens Falls, Orchard Park and North Tonawanda, 11 Operating Franchise cafes Kenmore, Hertel, West Hartford, Hamburg, Roswell Park, Clarence, Williamsville, Waterfront Village, Amherst, West Seneca, Niagara Falls and five SPoT Tops cafe locations, two Express cafes operating under license to Chartwells at the Buffalo State College. Its wholly owned subsidiaries include SPoT Coffee International Inc., SPoT Coffee Buffalo Inc., SPoT Coffee Transit Inc., Valshire SPoT Inc., SPoT Tonawanda, LLC and SPoT Orchard Park, LLC. |
Financial Overview |
For the nine months ended 30 September 2023, SPoT Coffee (Canada) Ltd revenues increased 17% to C$6.9M. Net loss applicable to common stockholders decreased 20% to C$1M. Revenues reflect Retail sales segment increase of 23% to C$6.2M, Franchise fees segment increase of 5% to C$32K. Lower net loss reflects Foreign exchange decrease of 47% to C$128K (expense), Interest on lease liability decrease of 26% to C$180K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $10.53M as of Sep 30, 2023 |
Annual revenue (TTM): | $9.02M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.57M as of Sep 30, 2023 |
Net annual income (TTM): | -$0.54M as of Sep 30, 2023 |
Free cash flow (TTM): | $1.14M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $6.69M as of Sep 30, 2023 |
Shares outstanding: | 162,500,270 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |