Organto Foods Inc. (V:OGO*CA)

Business Focus: Fruit & Vegetable Processing

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: 1090 Hamilton Street
VANCOUVER BC V6B 2R9
Tel: N/A
Website: https://www.organto.com
IR: See website
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Key People
Steve Bromley
Chairman of the Board, President, Co-Chief Executive Officer
Rients Van Der Wal
Co-Chief Executive Officer, CEO of Organto Europe, B.V., Director
Ralf Langner
Chief Financial Officer, Corporate Secretary
John Rathwell
Senior Vice President - Investor Relations and Corporate Development
   
Business Overview
Organto Foods Inc. is a Canada-based integrated provider of branded, private label and distributed organic and non-GMO fruit and vegetable products. The Company is engaged in the sourcing, processing, packaging, distribution and marketing of fresh organic and value-added vegetable and fruit products. It offers a range of organic products, including mangoes, avocados, bananas, herbs, green asparagus and ginger. It also provide a variety of other organic fruits and vegetables, including hard fruit, such as apples and pears; citrus fruits, such as limes, oranges, lemons and grapefruits; soft fruits/berries, including raspberries and blueberries; mushrooms, such as white/brown, oyster, chestnut, portobello and others; sweet potatoes; fresh cut fruit, and legume vegetables, which is a group of vegetables that includes sugar snaps, snow peas and fine beans. The Company's brands include I AM Organic, =AWESOME Fruits and ORO Premium Fruits.
Financial Overview
For the nine months ended 30 September 2023, Organto Foods Inc revenues increased 29% to C$21.5M. Net loss decreased 17% to C$5.8M. Revenues reflect the sourcing, processing, packaging and distribution of orga segment increase from C$4.5M to C$21.5M. Lower net loss reflects Unrealized loss on investment securities decrease of 92% to C$66K (expense), Interest expense and accretion decrease of 24% to C$1.3M (expense).
Employees: 40 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $6.12M as of Sep 30, 2023
Annual revenue (TTM): $26.94M as of Sep 30, 2023
EBITDA (TTM): -$6.00M as of Sep 30, 2023
Net annual income (TTM): -$9.60M as of Sep 30, 2023
Free cash flow (TTM): -$5.31M as of Sep 30, 2023
Net Debt Last Fiscal Year: $9.13M as of Sep 30, 2023
Shares outstanding: 28,568,382 as of Oct 20, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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