Imagination Park Technologies Inc. (C:IP*CA)

Business Focus: Mobile Application Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEDAR
Company Contact
Address: 510-580 Hornby St
Tel: N/A
IR: See website
Key People
Sheldon Inwentash
Chairman of the Board
Alen Silverrstieen
President, Chief Executive Officer, Director
Leon Ho
interim Chief Financial Officer
Business Overview
Imagination Park Technologies Inc, formerly Imagination Park Entertainment Inc, is a Canada-based company that is engaged in the software sector. The Company creates holographic content delivered by its cloud-based augmented reality (AR) enterprise platforms. The Company provides augmented reality products for mobile phones and wearable headsets, as well as deployment of AR solutions, without the need for developers, while integrating artificial intelligence.
Financial Overview
For the three months ended 30 November 2019, Imagination Park Technologies Inc revenues decreased 56% to C$20K. Net loss decreased 8% to C$885K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Consulting fees and management fees decrease of 61% to C$151K (expense), Accretion of convertible promissory note decrease from C$228K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $8.18M as of Nov 30, 2019
Annual revenue (TTM): $0.11M as of Nov 30, 2019
EBITDA (TTM): -$2.92M as of Nov 30, 2019
Net annual income (TTM): -$2.28M as of Nov 30, 2019
Free cash flow (TTM): -$2.33M as of Nov 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 113,372,138 as of Nov 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization