CHAR Technologies Ltd. (V:YES*CA)

Business Focus: Environmental Services & Equipment (NEC)

Sector:  Industrials Industry:  Environmental Services & Equipment
 
Company Contact
Address: 403-789 Don Mills Rd.
TORONTO ON M3C 1T5
Tel: N/A
Website: https://www.chartechnologies.com
IR: See website
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Key People
William White
Non-Executive Independent Chairman of the Board
Andrew White
Chief Executive Officer
Raquel Insa
Chief Financial Officer
Rob Sinyard
Chief Operating Officer
Lewis Smith
Chief Commercial Officer
 
Business Overview
CHAR Technologies Ltd. is a Canada-based cleantech development and services company. The Company is specialized in high temperature pyrolysis, converting woody materials and organic waste into renewable gases (renewable natural gas and green hydrogen) and biocarbon (activated charcoal SulfaCHAR and solid biofuel CleanFyre). Its additional services include custom equipment for industrial water treatment, and providing services in environmental compliance, environmental management, site investigation and remediation, engineering and resource efficiency. It has three operating groups: CHARTech Solutions, CHAR Biocarbon and Altech Environmental Consulting. CharTech Solutions' proprietary High Temperature Pyrolysis (HTP) technology transforms organic waste streams (biomass, biosolids, digestate) into renewable outputs by heating these materials at high temperatures in the absence of oxygen. The remaining solids are converted into a solid carbon product called biocarbon (Biochar).
Financial Overview
For the three months ended 31 December 2023, CHAR Technologies Ltd revenues decreased 17% to C$415K. Net loss increased from C$952K to C$2.4M. Revenues reflect Consulting revenue decrease of 37% to C$180K. Higher net loss reflects Grant income decrease of 96% to C$24K (income), Office expenses increase of 62% to C$1.2M (expense), Share-based payments increase from C$182K to C$441K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $39.19M as of Dec 31, 2023
Annual revenue (TTM): $1.92M as of Dec 31, 2023
EBITDA (TTM): -$8.27M as of Dec 31, 2023
Net annual income (TTM): -$9.85M as of Dec 31, 2023
Free cash flow (TTM): -$11.52M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.59M as of Dec 31, 2023
Shares outstanding: 101,157,243 as of Mar 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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