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 |
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 |