Critical Control Energy Services Corp. (T:CCZ*CA)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEDAR
Company Contact
Address: 800-140 10 Ave SE
CALGARY AB T2G 0R1
Tel: N/A
Website: criticalcontrolenergy.com
IR: See website
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Key People
George William Watson
Independent Chairman of the Board
Alykhan A. Mamdani
President, Chief Executive Officer, Director
Bruce Byford
Chief Financial Officer
Brandy Hunter
Vice Presidents of Critical Control
Donald L Shaw
Vice President - Technical Services
Andrew Varsanyi
Vice Presidents of Critical Control
Business Overview
Critical Control Energy Services Corp. is a Canada-based company, which provides solutions for the collection, control and analysis of measurement and operational data related to oil and gas wells across North America. The Company provides services to capture the data, and cloud-based software to visualize and manage the data. The Company's segments include Software and Services. Its Software business segment provides various services to its upstream and midstream oil and gas clients, including Measurement Data Management, such as gas chart integration and reporting; Regulatory Compliance and Risk Management, such as integrated pipeline and asset profiles management, and Production and Financial Accounting, such as production asset management and facility processing contract management. Its Services business segment offers various services, including Gas Measurement Field Services, Gas and Liquid Analysis, Certification and Proving, and Equipment and Fabrication.
Financial Overview
For the nine months ended 30 September 2018, Critical Control Energy Services Corp revenues decreased 9% to C$20.4M. Net loss increased from C$1.6M to C$14.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Depreciation and amortization increase of 16% to C$2.5M (expense), Research and development increase of 2% to C$1.1M (expense).
Employees: 185 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $15.71M as of Sep 30, 2018
Annual revenue (TTM): $27.18M as of Sep 30, 2018
EBITDA (TTM): $0.45M as of Sep 30, 2018
Net annual income (TTM): -$16.34M as of Sep 30, 2018
Free cash flow (TTM): $0.37M as of Sep 30, 2018
Net Debt Last Fiscal Year: $8.00M as of Sep 30, 2018
Shares outstanding: 44,466,589 as of Oct 10, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization