ECN Capital Corp. (T:ECN*CA)

Business Focus: Corporate Financial Services (NEC)

Sector:  Financials Industry:  Corporate Financial Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: Royal Bank Plaza
200 Bay Street, North Tower, Suite 1625
TORONTO ON M5J 2J1
Tel: N/A
Website: https://www.ecncapitalcorp.com
IR: See website
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Key People
Steven K. Hudson
Chief Executive Officer, Director
Michael Lepore
Chief Financial Officer
Scott William Shaw
Chief Executive Officer of Kessler Financial Services, LLC
Michael Tolbert
President of Triad Financial Services
Mary Beth Koenig
Chief Legal Officer, General Counsel, Corporate Secretary
Matthew Heidelberg
Chief Operating Officer of Triad Financial Services
Algis Vaitonis
Chief Credit Officer
John B. Wimsatt
Head - Corporate Development and Investor Relations
 
Business Overview
ECN Capital Corp. is a provider of business services to North American based banks, credit unions, life insurance companies, pension funds and investment funds (collectively its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, mainly unsecured loan portfolios, secured loan portfolios and credit card portfolios. The Company's segments include Triad Financial Services, which includes manufactured home loans; and The Kessler Group, which includes consumer credit card portfolios. The Company's Triad Financial Services segment originates consumer loans for the purchase of manufactured homes throughout the United States and subsequently syndicates and sells these loans to a network of third-party financial institutions. The Kessler Group segment provides capital to fund marketing initiatives on behalf of its Partners.
Financial Overview
For the six months ended 30 June 2022, ECN Capital Corp revenues increased 47% to $141.8M. Net income applicable to common stockholders excluding extraordinary items totaled $12.4M vs. loss of $2M. Revenues reflect Service Finance- Secured Consumer Loans segment increase of 80% to $85.3M, KG-Consumer credit card portfolios & Related Financial prod segment increase of 28% to $52.9M.
Employees: 462 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $2,151M as of Jun 30, 2022
Annual revenue (TTM): $340.81M as of Jun 30, 2022
EBITDA (TTM): $125.22M as of Jun 30, 2022
Net annual income (TTM): $5.85M as of Jun 30, 2022
Free cash flow (TTM): -$7.24M as of Jun 30, 2022
Net Debt Last Fiscal Year: $961.43M as of Jun 30, 2022
Shares outstanding: 244,811,944 as of Aug 5, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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