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 three months ended 31 March 2019, Xebec Adsorption Inc. revenues increased from C$3.2M to C$9.8M. Net income totaled C$423K vs. loss of C$1.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Gain on conversion of shares issued by a decrease of 93% to C$18K (expense), Foreign exchange (gain) loss decrease from C$82K (expense) to C$41K (income).
Employees: 111 as of Dec 31, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $109.27M as of Mar 31, 2019
Annual revenue (TTM): $26.76M as of Mar 31, 2019
EBITDA (TTM): $0.23M as of Mar 31, 2019
Net annual income (TTM): -$1.11M as of Mar 31, 2019
Free cash flow (TTM): -$5.63M as of Mar 31, 2019
Net Debt Last Fiscal Year: $6.38M as of Mar 31, 2019
Shares outstanding: 69,215,245 as of Jul 9, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization