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 |
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 |