Enablence Technologies Inc. (V:ENA*CA)

Business Focus: Medical Equipment, Supplies & Distribution (NEC)

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
 
Company Contact
Address: 390 March Rd Suite 119
KANATA ON K2K 0G7
Tel: N/A
Website: https://www.enablence.com
IR: See website
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Key People
Todd Haugen
Chief Executive Officer
Stan Besko
Chief Financial Officer
Ashok Balakrishnan
Chief Technology Officer
Zheng Chen
Senior Director of Sales - China
Serge Bidnyk
Senior Director of Research & Design
 
Business Overview
Enablence Technologies Inc. is a Canada-based company that designs, manufactures and sells optical components, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips. The Company's products serve a global customer base, primarily focused on data center and other end markets. It also works with customers that have emerging market uses for its technology, including medical devices, automotive light detection and ranging (LiDAR) and virtual and augmented reality headsets. The Company also uses a non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. The Company's products include coarse wavelength division multiplexing, dense wavelength division multiplexing, LAN-wavelength division multiplexing, ultra-long delay lines, custom fab services and custom design services. Its technology includes advanced signal processing, artificial intelligence and machine learning chip design and coherent optics, among others.
Financial Overview
For the six months ended 31 December 2023, Enablence Technologies Inc revenues decreased 42% to $565K. Net loss applicable to common stockholders increased 55% to $6.3M. Revenues reflect Product segment decrease of 74% to $162K, NRE segment decrease of 20% to $285K, Asia Pacific segment decrease of 74% to $191K. Higher net loss reflects Interest Expense increase from $705K to $1.6M (expense), Staff compensation increase of 49% to $1.1M (expense).
Employees: 202 as of Jul 31, 2009
Reporting Currency: U.S. Dollars
Enterprise value: $24.61M as of Dec 31, 2023
Annual revenue (TTM): $2.12M as of Dec 31, 2023
EBITDA (TTM): -$11.89M as of Dec 31, 2023
Net annual income (TTM): -$14.81M as of Dec 31, 2023
Free cash flow (TTM): -$10.84M as of Dec 31, 2023
Net Debt Last Fiscal Year: $18.47M as of Dec 31, 2023
Shares outstanding: 18,950,000 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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