Reservoir Capital Corp. (V:REO*CA)

Business Focus: Electric Utilities

Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEDAR
Company Contact
Address: 595 Howe Street, 10th Floor
Tel: N/A
IR: See website
Key People
Miles F. Thompson
Executive Chairman of the Board
Lewis T. Reford
Interim President, Chief Executive Officer, Director
Aamer Siddiqui
Chief Financial Officer
Monique Hutchins
Corporate Secretary
Business Overview
Reservoir Capital Corp. is engaged in the acquisition and development of renewable energy projects in southeast Europe. The Company is also engaged in the exploration of renewable energy. In Serbia, the Company has over two energy permits at Brodarevo to develop run-of-river hydroelectric projects (HPP) on the River Lim. These HPP have an aggregate design capacity of approximately 59.1 megawatts. The Brodarevo Hydroelectric Project has permits covering over two sections of the River Lim, denominated Brodarevo-1 and Brodarevo-2, to develop run-of-river hydroelectric power projects. The Company is also developing three hydroelectric projects on the Cehotina River in Bosnia totaling approximately 17.76 megawatts. The Company has Vranjska Banja geothermal exploration license in southern Serbia with an estimated resource potential of approximately 20 megawatts. The license surrounds an approximately 200 square meter exploitation license.
Financial Overview
For the six months ended 30 June 2020, ReservoirCapital Corp. revenues increased from C$442K to C$990K. Netincome increased from C$115K to C$944K. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net income benefitedfrom Foreign exchange loss decrease from C$6K (expense) toC$69K (income), Administrative services and office decreaseof 67% to C$36K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $19.97M as of Jun 30, 2020
Annual revenue (TTM): $2.30M as of Jun 30, 2020
EBITDA (TTM): $1.49M as of Jun 30, 2020
Net annual income (TTM): $1.00M as of Jun 30, 2020
Free cash flow (TTM): $1.15M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 5,753,474 as of Aug 18, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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