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
Robert L. Williams
Chief Executive Officer, Director
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 nine months ended 30 September 2018, Redline Communications Group Inc revenues increased 35% to $19.6M. Net loss decreased 75% to $595K. 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 5% to $3.2M (expense), Foreign exchange (gain) loss increase from $125K (expense) to $6K (income).
Employees: 120 as of Dec 31, 2014
Reporting Currency: U.S. Dollars
Enterprise value: $14.09M as of Sep 30, 2018
Annual revenue (TTM): $36.89M as of Sep 30, 2018
EBITDA (TTM): $0.95M as of Sep 30, 2018
Net annual income (TTM): $0.25M as of Sep 30, 2018
Free cash flow (TTM): -$0.68M as of Sep 30, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 17,215,469 as of Sep 30, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization