Synex Renewable Energy Corporation (T:SXI*CA)
Business Focus: Hydroelectric & Tidal Utilities
| Sector: Utilities | Industry: Electric Utilities |
| Company Contact | |
| Address: | 4248 Broughton Ave. NIAGARA FALLS ON L2E 0A4 |
| Tel: | N/A |
| Website: | https://synex.com |
| IR: | See website |
| Key People | ||
| Tanya L. DeAngelis Chairman of the Board, Corporate Secretary and Operations Executive | Daniel J. Russell President, Chief Executive Officer, Director | Hari J. Rupawala Chief Financial Officer |
| Business Overview |
| Synex Renewable Energy Corporation is a Canada-based company, which is engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. It has ownership interests in 12 megawatts (MW) of operating hydro projects in British Columbia and owns a Vancouver Island grid connection and utility carrying on business as Kyuquot Power Ltd. The Company also has 9.4 MW of construction ready run-of-river projects, applications, and land tenures on another 24 potential hydroelectric sites totaling over 150 MW of capacity, and approximately 17 wind development sites that could provide up to 4,850 MW of clean power in British Columbia. The principal classes of business of the Company are the funding and development of energy projects, and the provision of engineering and project management services. The Company's subsidiaries include Synex Energy Resources Ltd and Sigma Engineering Ltd., Kyuquot Power Ltd., Sea Breeze Power Corp. and others. |
| Financial Overview |
| For the six months ended 31 December 2023, Synex Renewable Energy Corp revenues increased 78% to C$1.1M. Net loss applicable to common stockholders decreased 50% to C$662K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Electricity sales segment loss decrease of 62% to C$303K, Corporate segment loss decrease of 50% to C$219K. |
| Employees: | 17 as of Jun 30, 2014 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $23.25M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $0.55M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.09M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.42M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $13.19M as of Dec 31, 2023 |
| Shares outstanding: | 4,698,293 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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