Sector: Industrials | Industry: Construction & Engineering |
Company Contact | |
Address: | 56 Temperance St., 7Th Floor TORONTO ON M5H 3V5 |
Tel: | N/A |
Website: | https://ugei.com |
IR: | See website |
Key People | ||
Nicolas Blitterswyk Chief Executive Officer, Founder, Director | Stephanie Bird Chief Financial Officer | Robert Van Duynhoven Chief Operating Officer, Company Secretary |
Tyler Adkins Chief Revenue Officer | Andrew Hines Chief Commercial Officer |
Business Overview |
UGE International Ltd. develops, owns, and operates community and commercial solar generation and storage projects. The Company operates through three segments: EPC, Engineering services, and Energy generation. The EPC segment is engaged in building solar energy projects for third parties. It provides engineering and consulting services through the Engineering services segment. The Energy generation segment is engaged in the sale of electricity generated, and the sale of renewable energy credits. The Company's distributed energy solutions deliver cleaner energy to businesses and consumers. The Company has installed approximately 750 projects. The Company's solar projects include the Bertoline, Zerega Avenue, Abingdon, Staten Island Community, Sharp New Jersey Headquarters, Brinks Warehouse, Smithville, Bertoline, and Norway, among others. |
Financial Overview |
For the fiscal year ended 31 December 2023, UGE International Ltd revenues decreased 68% to $1.2M. Net loss increased from $6.6M to $14.1M. Revenues reflect EPC segment decrease of 88% to $341K, Engineering services segment decrease of 41% to $433K. Higher net loss reflects Financing expense - Balancing value increase from $895K to $3.6M (expense), Salaries and benefits increase of 62% to $7M (expense). |
Employees: | 70 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $127.83M as of Dec 31, 2023 |
Annual revenue (TTM): | $1.65M as of Dec 31, 2023 |
EBITDA (TTM): | -$15.89M as of Dec 31, 2023 |
Net annual income (TTM): | -$19.14M as of Dec 31, 2023 |
Free cash flow (TTM): | -$45.33M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $109.57M as of Dec 31, 2023 |
Shares outstanding: | 33,651,582 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |