Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
197.00K | 285.00K | 0.00 | -43.40K | 0.00 | 59.30K | Gross Profit |
45.00K | 85.00K | 0.00 | -43.40K | 0.00 | 55.62K | EBIT |
-2.96M | -2.47M | -13.26M | ― | -968.91K | -933.62K | EBITDA |
-2.58M | -2.08M | -2.55M | -1.60M | -589.58K | -598.65K | Net Income Common Stockholders |
-3.48M | -2.42M | -13.57M | ― | -3.28M | -1.17M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
1.25M | 411.00K | 876.46K | 1.32M | 486.03K | 546.44K | Total Assets |
5.02M | 4.27M | 4.79M | 2.12M | 5.08M | 7.03M | Total Debt |
56.00K | 316.00K | 571.25K | 1.22M | 621.73K | 197.94K | Net Debt |
-1.19M | -95.00K | -305.21K | -100.14K | 135.70K | -348.51K | Total Liabilities |
1.36M | 1.39M | 1.53M | 46.84K | 1.50M | 567.65K | Stockholders Equity |
2.73M | 2.88M | 2.34M | 2.07M | 3.58M | 6.46M |
Cash Flow | Free Cash Flow | ||||
-2.51M | -2.55M | -2.43M | ― | -404.75K | -490.08K | Operating Cash Flow |
-2.53M | -2.54M | -2.37M | ― | -386.94K | -296.29K | Investing Cash Flow |
25.00K | -11.00K | 325.46K | ― | -72.03K | -194.91K | Financing Cash Flow |
3.50M | 2.08M | 2.56M | 2.42M | 367.77K | 761.78K |
Beyond Oil Ltd. has partnered with FollowFood to introduce its unique filtering powder to the French market, marking its first agreement in France. This move is part of Beyond Oil’s European growth strategy, capitalizing on France’s large food service market to meet the demand for health-conscious and sustainable solutions. The collaboration with FollowFood, a reputable player in the French food industry, is expected to drive significant interest and demand for Beyond Oil’s products, highlighting the company’s commitment to global expansion and sustainable innovation.
Beyond Oil Ltd. has entered into a Master Distribution Agreement with Latitude Ltd., a New York-based distribution company, to boost its presence in the U.S. market with minimum purchase commitments of US$8.3 million in 2025. This partnership allows Beyond Oil to expand its reach efficiently, focusing on strategic deals with larger customers while Latitude handles smaller accounts, thereby ensuring broad market penetration and steady cash flow.
Beyond Oil Ltd. has signed a five-year distribution agreement with T&J Oil Pty Ltd., marking its entry into the Australian market. This partnership, valued at around US$4.9 million, involves T&J Oil distributing Beyond Oil’s proprietary oil treatment products to non-chain restaurants and local chains in Australia. The agreement includes minimum purchase commitments and the establishment of a dedicated training center to support sustainable practices in the food service industry.
Beyond Oil Ltd. has secured vendor approval from a major fast-food chain in Eastern Europe, marking a significant milestone in its global expansion strategy. The successful pilot program led to a 16-ton product rollout, unlocking recurring revenue opportunities and providing strategic market expansion across the chain’s 1,000+ locations. This achievement underscores Beyond Oil’s commitment to offering healthier, more sustainable frying solutions and highlights its unique value proposition in the food-tech sector.
Beyond Oil Ltd. has announced that Sus Hi Eatstation is the first U.S. customer to adopt its full oil management program, integrating the Beyond Oil product into its operations. This partnership marks a significant step in Beyond Oil’s expansion strategy in the U.S. market, as the program not only improves oil and food quality but also enhances operational efficiency, which could have positive implications for both companies and their stakeholders.
Beyond Oil Ltd. has entered the Mexican frying market through a distribution agreement with Fármacy México, marking its first venture into Latin America. This expansion is a significant milestone in Beyond Oil’s global growth strategy, expected to enhance its market position and potentially bring health benefits to Mexican consumers.
Beyond Oil Ltd., a food-tech company focused on healthier and more sustainable fried foods, is set to present at The Benchmark Company’s Discovery One-on-One Investor Conference in New York City. The conference provides a platform for companies to engage directly with investors through personalized meetings, enhancing investment opportunities.
Beyond Oil Ltd, a food-tech innovation company, is making strides in the U.S. market with the launch of pilot programs and initial sales of its sustainable oil filtration technology. Under the leadership of newly appointed U.S. Sales Director Jason Hatfield, the company is partnering with significant U.S. clients to enhance operational efficiency and sustainability in the food service industry. With FDA clearance and other certifications, Beyond Oil is set to expand further in the growing U.S. food service market.
Beyond Oil Ltd. has appointed Aviran Fine as Chief Operating Officer to enhance its operational capabilities as the company expands globally. This strategic move follows recent successful market expansions and aims to strengthen Beyond Oil’s position in the global food-tech market. Additionally, Beyond Oil has engaged ARX Consulting Ltd. to support its international growth with advanced data and strategy services.
Beyond Oil Ltd. has made a significant move into the Asian market with its first direct sale to Hap Chan, a major restaurant chain in the Philippines. The order includes over 10,000 units of Beyond Oil’s innovative filter powder, aimed at enhancing oil usage efficiency and sustainability in Hap Chan’s kitchens. This milestone aligns with Beyond Oil’s global expansion goals, highlighting its commitment to improving health standards in the food industry.