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 nine months ended 31 May 2019, Imagination Park Technologies Inc revenues decreased 80% to C$91K. Net loss decreased 24% to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Gain on settlement of debt increase from C$5K to C$1.9M (income), Share-based compensation decrease of 86% to C$275K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $4.22M as of May 31, 2019
Annual revenue (TTM): $0.05M as of May 31, 2019
EBITDA (TTM): -$2.70M as of May 31, 2019
Net annual income (TTM): -$2.41M as of May 31, 2019
Free cash flow (TTM): -$2.49M as of May 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 113,372,138 as of May 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization