LeoNovus Inc. (V:LTV*CA)

Business Focus: Cloud Computing Services

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 1400-340 Albert St
Tel: N/A
Website: https://www.leonovus.com
IR: See website
Key People
Michael J. Gaffney
Chairman of the Board, Chief Executive Officer
George Pretli
Chief Financial Officer, Corporate Secretary
Daniel Willis
Chief Technology Officer, Vice President
Business Overview
LeoNovus Inc. is a software company. The Company has developed a software-defined storage and intelligence network that enables public cloud computing by leveraging storage medium to bare metal while identifying and leveraging idle storage in existing hardware systems from personal computers (PCs), set top boxes (STB), servers and other Internet connected devices. It operates through browser-based Internet platform segment. Its SMART PLATFORM provides connected devices with access to features, content and functionality over the Web. It delivers a real-time service model to multiple markets, including residential, hospitality, commercial businesses and healthcare. It enables ongoing just-in-time services and includes support, updates, metrics and transaction capabilities while providing a secure network. The Company is able to offer geo-distributed cloud services, as well as enables a secure application platform. LeoNovus USA Inc. is the subsidiary of the Company.
Financial Overview
For the six months ended 30 June 2020, LeoNovus Inc revenues increased from $19K to $122K. Net loss decreased 75% to $753K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Slaes and marketing decrease of 81% to $140K (expense), Loss due to fraud decrease from $564K (expense) to $0K, Research and development decrease of 57% to $357K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $5.79M as of Jun 30, 2020
Annual revenue (TTM): $0.17M as of Jun 30, 2020
EBITDA (TTM): -$3.74M as of Jun 30, 2020
Net annual income (TTM): -$3.95M as of Jun 30, 2020
Free cash flow (TTM): -$2.14M as of Jun 30, 2020
Net Debt Last Fiscal Year: $0.71M as of Jun 30, 2020
Shares outstanding: 285,446,639 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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