Redline Communications Group Inc. (T:RDL*CA)

Business Focus: Wi-Fi & Wi-Max Providers

Sector:  Telecommunication Services Industry:  Wireless Telecommunications Services
See Regulatory Filings on SEDAR
Company Contact
Address: 302 Town Centre Boulevard
Tel: 1-416-6572400
IR: See website
Key People
Stephen J. Sorocky
Chief Executive Officer
Joan Marie Ritchie
Chief Financial Officer, Vice President - Finance and Organizational Development
Bojan Subasic
Vice President - Development and Production
Louis Lambert
Vice President, Oil and Gas Sales
Jimmy Bakakis
Assistant Vice President, Critical Infrastructure Sales
Business Overview
Redline Communications Group Inc. is a Canada-based company, which develops and markets ruggedized wireless infrastructure solutions and wide-area wireless networks for a range of applications and locations. These solutions provide voice, data, video and machine-to-machine (M2M) communications in remote areas. The Company operates in four segments. The Energy/Digital Oilfields segment provides low-latency solutions to provide a communication blanket across oilfields that deliver M2M and personal communications. The Governments segment provides a range of solutions for M2M applications, including delivering video surveillance camera footage and highway and other infrastructure information. The Telecom Service segment delivers wireless broadband access to underserved locations. The Military segment provides private communications to support people and equipment in theater.
Financial Overview
For the fiscal year ended 31 December 2018, Redline Communications Group Inc revenues increased 19% to $27.1M. Net loss decreased 76% to $389K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Administration and finance decrease of 12% to $4.3M (expense), Foreign exchange (gain) loss increase from $87K (expense) to $71K (income).
Employees: 105 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $15.90M as of Dec 31, 2018
Annual revenue (TTM): $36.56M as of Dec 31, 2018
EBITDA (TTM): -$0.04M as of Dec 31, 2018
Net annual income (TTM): -$0.52M as of Dec 31, 2018
Free cash flow (TTM): -$2.06M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 17,215,469 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization