Clarke Inc. (T:CKI*CA)

Business Focus: Investment Management & Fund Operators (NEC)

Sector:  Financials Industry:  Investment Management & Fund Operators
 
Company Contact
Address: 145 Hobsons Lake Drive, Suite 106
HALIFAX NS B3S 0H9
Tel: N/A
Website: https://www.clarkeinc.com
IR: See website
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Key People
George S. Armoyan
Chairman of the Board, President, Chief Executive Officer
Tom Casey
Chief Financial Officer
Tomer Cohen
Vice President - Investments
Robert Sherman
Chief Operating Officer of Holloway Lodging Corporation
   
Business Overview
Clarke Inc. is a Canada-based investment and real estate company with holdings in a diversified group of businesses and across real estate sectors. The Company is focused on evaluating the acquisition, retention and disposition of its holdings. The Company operates through two segments: investment and hospitality. The investment segment represents the Company's ferry business, investment properties and real estate inventory under development. The hospitality segment consists of its ownership and operation of hotels. It has a diverse portfolio of direct real estate holdings across the hospitality, commercial, industrial and residential sectors.
Financial Overview
For the fiscal year ended 31 December 2023, Clarke Inc revenues increased 13% to C$73.7M. Net income increased 6% to C$3.4M. Revenues reflect Hospitality segment increase of 21% to C$68.5M, Investment segment increase of 11% to C$8.7M. Net income was partially offset by Fair value adjustments and realized gain increase from C$254K (income) to C$7.8M (expense), Interest on short-term indebtedness increase from C$525K to C$2.6M (expense).
Employees: 550 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $396.73M as of Dec 31, 2023
Annual revenue (TTM): $73.70M as of Dec 31, 2023
EBITDA (TTM): $25.97M as of Dec 31, 2023
Net annual income (TTM): $3.42M as of Dec 31, 2023
Free cash flow (TTM): -$1.11M as of Dec 31, 2023
Net Debt Last Fiscal Year: $125.25M as of Dec 31, 2023
Shares outstanding: 13,958,157 as of Feb 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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