Breakdown | ||||
Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
0.00 | 0.00 | 75.00K | 17.00K | 0.00 | Gross Profit |
-1.46M | -1.74M | -1.37M | -1.36M | -1.36M | EBIT |
-3.06M | -3.25M | -2.75M | -3.19M | -3.72M | EBITDA |
-2.85M | -3.13M | -2.64M | -4.27M | -4.67M | Net Income Common Stockholders |
-2.86M | -3.09M | -2.60M | -4.26M | -4.84M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
3.05M | 1.34M | 4.42M | 7.01M | 2.38M | Total Assets |
6.73M | 5.02M | 8.03M | 10.66M | 6.27M | Total Debt |
145.00K | 0.00 | 0.00 | 0.00 | 2.04M | Net Debt |
-2.90M | -1.34M | -4.42M | -7.01M | -335.00K | Total Liabilities |
440.00K | 175.00K | 262.00K | 276.00K | 2.24M | Stockholders Equity |
6.29M | 4.85M | 7.76M | 10.39M | 4.03M |
Cash Flow | Free Cash Flow | |||
-2.25M | -3.08M | -2.58M | -2.39M | -3.02M | Operating Cash Flow |
-2.16M | -2.99M | -2.52M | -2.36M | -3.00M | Investing Cash Flow |
-98.00K | -95.00K | -58.00K | -29.00K | -24.00K | Financing Cash Flow |
3.93M | 0.00 | 0.00 | 7.01M | 4.34M |
Quadrise Plc has announced the exercise of employee share options, resulting in the issuance of 4,314,249 new ordinary shares. These shares will be admitted to trading on AIM, increasing the company’s total ordinary share capital to 1,986,696,165 shares. This development may require shareholders to reassess their interests in the company under regulatory guidelines.
Quadrise Plc has signed a Services Supply Agreement with MAC2 Solutions NV to produce MSAR® and bioMSAR™ fuels for marine vessel trials on the MSC Leandra V, set to begin in Q2 2025. The agreement outlines the responsibilities of both parties, with Quadrise providing technology and fuel production equipment, and MAC2 offering support services. The trials aim to secure a letter of no objection from Wärtsilä and will potentially lead to permanent commercial supply operations in the marine sector through the Port of Antwerp-Bruges.
Quadrise Plc announced that its Chief Operating Officer, Philip Hill, has executed a share transaction involving the sale and purchase of 116,666 ordinary shares. The transaction was part of a strategic move to transfer shares into an ISA following the company’s recent £6.53 million fundraising. This activity reflects internal financial management and does not significantly alter Mr. Hill’s stake in the company, which remains a minor percentage of the total share capital.
Quadrise has entered into a Joint Development Agreement with Licella Holdings to explore the use of Licella’s Cat-HTR™ bio-intermediate as a renewable feedstock for bioMSAR™ and bioMSAR Zero™ fuels. This collaboration aims to develop cost-effective, low-emission marine fuels, with initial lab testing expected to progress to commercial vessel testing by 2026, potentially enhancing Quadrise’s market position in sustainable energy solutions.
Quadrise Plc announced its unaudited interim results for the six months ending December 2024, highlighting a significant financial boost with £6.5 million raised in January 2025. The company is advancing its strategy to decarbonize the shipping industry with trials in collaboration with MSC and Cargill, and is preparing for commercial trials in Morocco and Panama. Quadrise is also developing bioMSAR™ blends for improved engine efficiency and emissions reduction. The company is well-positioned to capitalize on tightening emissions regulations and growing demand for sustainable fuels, aiming for rapid expansion and commercial agreements in 2025.
Quadrise Plc has appointed Dr. Linda Sorensen as the Head of Marine to drive the expansion of its marine business. Dr. Sorensen brings extensive experience from the oil, gas, maritime, and transport sectors, and her role will focus on scaling operations and promoting sustainable growth in the maritime industry. This strategic move is expected to enhance Quadrise’s position in providing decarbonisation solutions to the maritime sector.
Quadrise Fuels International has announced the successful closure of its upsized and oversubscribed Retail Offer, which raised gross proceeds of approximately £6.53 million. The significant demand allowed existing shareholders to receive full allocations of their soft pre-emptive allowance, with additional demand being partially met. The completion of this Retail Offer is contingent upon the completion of the Placing and Subscription, with shares expected to commence trading on AIM shortly. This development is indicative of strong investor confidence and has potential implications for the company’s growth and market expansion.
Quadrise Plc announced a significant oversubscription of its Retail Offer, increasing the shares available to raise up to £2 million. The proceeds are intended for product and business development, equipment purchases, and enhancing the company’s balance sheet. The Retail Offer is distinct from the Placing and Subscription, with trading expected on AIM from February 3, 2025. This development highlights Quadrise’s strong market interest and strategic financial planning to support its growth ambitions.
Quadrise Plc has appointed Tony Foster as a Non-Executive Director, effective February 1, 2025. Tony brings extensive experience from the shipping industry, having established and led successful maritime businesses. His focus on decarbonization aligns with Quadrise’s vision for future business expansion, suggesting a strategic emphasis on sustainable growth.