Torrent Capital Ltd. (V:TORR*CA)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 1969 Upper Water Street Suite 2001, Purdy's Wharf Tower ll HALIFAX NS B3J 3R7 |
| Tel: | N/A |
| Website: | https://torrentcapital.ca |
| IR: | See website |
| Key People | ||
| Wade K. Dawe Chief Executive Officer, Director | Robert Randall Chief Financial Officer | Scott Gardner Chief Investment Officer |
| Business Overview |
| Torrent Capital Ltd. is a Canada-based investment issuer, which invests in the securities of private and publicly traded companies. Its investment objective and strategy (investment policy) is to grow the Company's capital by generating gains from capital appreciation, interest earned, dividend income and fees. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. It allocates its capital towards a multitude of sectors and businesses at various stages of development. The Company maintains a concentrated portfolio of public securities and may invest in private placements, event-driven opportunities, special situations, and private companies with a clear liquidity window. It may also provide advisory services to select companies in conjunction with its investment mandate. |
| Financial Overview |
| For the nine months ended 30 September 2023, Torrent Capital Ltd revenues was not reported. Net loss decreased 43% to C$4.8M. Lower net loss reflects Unrealized loss on investments decrease of 54% to C$4.2M (expense), Stock-based compensation decrease of 54% to C$97K (expense), Consulting fees decrease of 13% to C$357K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.35 to -C$0.19. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.05M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.73M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.46M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 25,204,167 as of Dec 12, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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