Thermal Energy International Inc. (V:TMG*CA)

Business Focus: Environmental Services & Equipment (NEC)

Sector:  Industrials Industry:  Environmental Services & Equipment
 
Company Contact
Address: 850 -- 36 Antares Dr.
OTTAWA ON K2E 7W5
Tel: N/A
Website: https://www.thermalenergy.com
IR: See website
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Key People
William M. Crossland
President, Chief Executive Officer, Director
Jie Zhang
Chief Financial Officer
Robert Triebe
Chief Operating Officer
Business Overview
Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.
Financial Overview
For the three months ended 31 August 2024, Thermal Energy International Inc revenues increased 63% to C$8.5M. Net income increased 75% to C$278K. Revenues reflect Thermal Energy Bristol segment increase from C$2.1M to C$5.7M. Net income benefited from Finance costs - Balancing value decrease of 34% to C$56K (expense), Total Amort of Intangibles-excl Goodwill decrease of 22% to C$44K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $32.34M as of Aug 31, 2024
Annual revenue (TTM): $29.17M as of Aug 31, 2024
EBITDA (TTM): $2.47M as of Aug 31, 2024
Net annual income (TTM): $1.05M as of Aug 31, 2024
Free cash flow (TTM): $2.01M as of Aug 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 172,734,305 as of Aug 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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