Sector: Industrials | Industry: Environmental Services & Equipment |
Company Contact | |
Address: | 850 -- 36 Antares Dr. OTTAWA ON K2E 7W5 |
Tel: | N/A |
Website: | https://www.thermalenergy.com |
IR: | See website |
Key People | ||
William M. Crossland President, Chief Executive Officer, Director | Jie Zhang Chief Financial Officer | Robert Triebe Chief Operating Officer |
Business Overview |
Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world. |
Financial Overview |
For the nine months ended 29 February 2024, Thermal Energy International Inc revenues increased 42% to C$18.4M. Net income totaled C$651K vs. loss of C$248K. Revenues reflect Thermal Energy Ottawa segment increase of 47% to C$8.6M, Thermal Energy Bristol segment increase of 39% to C$9.8M. Net Income reflects Finance costs - Balancing value decrease of 21% to C$228K (expense), Research and development decrease of 32% to C$36K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $46.82M as of Feb 29, 2024 |
Annual revenue (TTM): | $26.56M as of Feb 29, 2024 |
EBITDA (TTM): | $3.03M as of Feb 29, 2024 |
Net annual income (TTM): | $1.62M as of Feb 29, 2024 |
Free cash flow (TTM): | $4.33M as of Feb 29, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 172,704,305 as of May 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |