Xebec Adsorption Inc. (V:XBC*CA)

Business Focus: Environmental Services & Equipment

Sector:  Industrials Industry:  Environmental Services & Equipment
 
See Regulatory Filings on SEDAR
Company Contact
Address: 730 Industriel Blvd
BLAINVILLE QC J7C 3V4
Tel: N/A
Website: www.xebecinc.com
IR: See website
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Key People
Kurt Sorschak
Chairman of the Board, President, Chief Executive Officer
Louis Dufour
Chief Financial Officer
Prabhu Rao
Chief Operating Officer, Director
Business Overview
Xebec Adsorption Inc. (Xebec) is a provider of gas purification and filtration solutions for the natural gas, field gas, biogas, nitrogen, oxygen, helium and hydrogen markets. The Company is engaged in the design and manufacturing of filtration, purification, separation and dehydration equipment for gases and compressed air. Xebec designs, engineers and manufactures products that transform raw gases into marketable sources of clean energy. The Company's product segments are biogas plants for the purification of biogas from agricultural digesters, landfill sites and waste water treatment plants; natural gas dryers for natural gas vehicles (NGV) refueling stations, and associated gas purification systems, including helium and hydrogen purification systems for fuel cell and industrial applications. Xebec operates approximately two manufacturing facilities in Blainville, and Shanghai, People's Republic of China, as well as a sales and distribution network in North America and Asia.
Financial Overview
For the six months ended 30 June 2019, Xebec Adsorption Inc. revenues increased from C$8.5M to C$22.5M. Net income totaled C$1.4M vs. loss of C$1.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Loss (gain) on conversion of shares issu decrease from C$123K (expense) to C$167K (income), Interest on Short term debt decrease of 82% to C$14K (expense).
Employees: 111 as of Dec 31, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $117.96M as of Jun 30, 2019
Annual revenue (TTM): $32.97M as of Jun 30, 2019
EBITDA (TTM): $1.49M as of Jun 30, 2019
Net annual income (TTM): -$0.41M as of Jun 30, 2019
Free cash flow (TTM): -$5.34M as of Jun 30, 2019
Net Debt Last Fiscal Year: $4.81M as of Jun 30, 2019
Shares outstanding: 69,854,704 as of Oct 11, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization