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 |
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 |