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Ecolomondo Corporation
(ECM)
Ecolomondo Corporation (ECM) vs. iShares MSCI Canada ETF (EWC)
Ecolomondo Corporation Business Overview & Revenue Model
Ecolomondo Corporation Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 612.28K | 196.73K | 54.23K | 19.62K | 46.62K |
| Gross Profit | 612.28K | 196.73K | 54.23K | 19.62K | -655.00K |
| EBITDA | -2.48M | -3.57M | -405.00K | -28.15K | -1.15M |
| Net Income | -4.01M | -4.72M | -1.04M | -650.00K | -1.83M |
Balance Sheet | |||||
| Total Assets | 49.68M | 45.19M | 43.96M | 41.59M | 31.02M |
| Cash, Cash Equivalents and Short-Term Investments | 119.33K | 88.27K | 105.27K | 4.40M | 3.96M |
| Total Debt | 43.05M | 36.97M | 33.89M | 31.90M | 22.45M |
| Total Liabilities | 49.78M | 45.71M | 41.35M | 38.94M | 30.35M |
| Stockholders Equity | -100.72K | -523.92K | 2.61M | 2.65M | 667.82K |
Cash Flow | |||||
| Free Cash Flow | -1.51M | -2.86M | -5.16M | -12.81M | -18.66M |
| Operating Cash Flow | 2.85M | -1.05M | -45.11K | -1.48M | -1.92M |
| Investing Cash Flow | -4.36M | -1.81M | -5.12M | -11.18M | -16.74M |
| Financing Cash Flow | 1.54M | 2.85M | 864.53K | 13.26M | 17.13M |
Ecolomondo Corporation Technical Analysis
Ecolomondo Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥179.17B | 11.24 | 5.69% | 3.09% | 2.75% | -12.76% | |
51 Neutral | C$47.63M | ― | -2752.20% | ― | 153.17% | 43.51% | |
50 Neutral | C$50.92M | 1,957.14 | 0.16% | ― | 49.38% | -93.75% | |
46 Neutral | C$48.02M | ― | -2757.94% | ― | 191.62% | -57.36% | |
42 Neutral | C$29.02M | ― | -321.92% | ― | 25.24% | 34.24% |
Ecolomondo Corporation Corporate Events
Ecolomondo Corporation has entered into a joint venture agreement with ARESOL Renewables to construct four TDP facilities in Europe, beginning with a site in Valencia, Spain. This venture aligns with Ecolomondo’s global expansion strategy, leveraging ARESOL’s expertise in renewable energy to enhance its presence in the European market. The partnership is expected to strengthen Ecolomondo’s industry positioning, as it continues to validate its technology and expand its operations globally.
Ecolomondo Corporation has received two additional purchase orders for its recovered carbon black (rCB) from its main offtake customer, indicating a growing acceptance of its product. The repeat orders highlight the quality of rCB produced at the Hawkesbury TDP facility and suggest a positive trajectory for Ecolomondo’s market positioning in the sustainable materials sector. The company is focusing on improving process efficiencies and maintaining high-quality standards, with expectations of further quality approvals from a major U.S. customer.
Ecolomondo Corporation has successfully shipped its second commercial truckload of 23 metric tons of recovered carbon black (rCB) from its Hawkesbury TDP facility, following a repeat order from its main offtake client. This development underscores the high quality of rCB produced at the facility, which has passed rigorous quality tests. The company is on track to ramp up operations at the Hawkesbury facility, which is expected to process approximately 1 million scrap tires annually, producing significant quantities of rCB, pyrolysis oil, steel, and process gas. This progress not only enhances Ecolomondo’s operational capabilities but also strengthens its position in the sustainable recycling industry.
Ecolomondo Corporation has successfully shipped its first commercial truckload of recovered carbon black (rCB) from its Hawkesbury TDP facility to a major offtake client, marking a significant step in the commercialization of its sustainable tire recycling technology. The approval of rCB quality by the client and subsequent shipment underscores the company’s progress in establishing its market presence and operational capabilities. The Hawkesbury facility is expected to process up to 1.5 million scrap tires annually, producing various valuable by-products, positioning Ecolomondo as a key player in the cleantech industry.
Ecolomondo Corporation announced that its main offtake client has approved the quality of recovered carbon black produced at its Hawkesbury TDP facility. This approval follows the successful commissioning of new milling equipment and rigorous testing, leading to an initial order of 23 metric tons of rCB. The facility, once fully operational, is expected to process 1.3M to 1.5M scrap tires annually, producing various commodities, and marking a significant milestone in Ecolomondo’s technological development and market positioning.
Ecolomondo Corporation held its Annual General Meeting on June 27, 2025, where shareholders unanimously approved all resolutions, including setting the board of directors to seven members and electing a new director, Mr. Frank Kelly, a retired banking leader. The meeting highlighted the company’s progress in developing its proprietary technology, particularly at the Hawkesbury TDP facility, which is expected to process up to 1.5 million scrap tires annually, producing significant quantities of recovered carbon black, pyrolysis oil, steel, and process gas. This development positions Ecolomondo as a significant player in the sustainable recycling industry, with implications for increased operational capacity and market presence.
Ecolomondo Corporation announced that testing of its recovered carbon black processing line at the Hawkesbury facility is progressing well, with successful production runs yielding 12 metric tons of high-quality recovered carbon black. This development is expected to enhance productivity and set the stage for the facility to process up to 1.5 million scrap tires annually, producing significant quantities of recovered carbon black, pyrolysis oil, steel, and process gas. The advancements in the Hawkesbury facility are part of Ecolomondo’s broader strategy to expand its operations and strengthen its position in the sustainable recycling industry.
Ecolomondo Corporation has successfully closed a non-brokered private placement, raising C$500,000.13 through the sale of 3,100,776 units. The proceeds will be used for capital expenditures and working capital, including accelerating production at the Hawkesbury facility and planning for a project in Shamrock, Texas. This move is part of the company’s strategic objectives to enhance its operations and market positioning. The transaction involved a related party, Mr. Eliot Sorella, and adhered to regulatory requirements, with exemptions from certain valuation and approval mandates.
Ecolomondo Corporation has announced a non-brokered private placement of up to 3,100,775 units at C$0.16125 per unit, aiming to raise up to C$500,000. The proceeds will be used for capital expenditures, working capital, and strategic objectives, including ramping up production at the Hawkesbury TDP facility and planning a project in Shamrock, Texas. The offering is expected to close on June 23, 2025, subject to necessary approvals, and includes participation from certain insiders, which will be considered a related party transaction. The company is also engaging stakeholders through webinars and podcasts to discuss its growth potential and strategic direction.
Ecolomondo Corporation has announced an increase in tire shredding production at its Hawkesbury facility, following the successful commissioning of new milling equipment and the startup of the recovered carbon black processing line. This expansion is expected to boost production capacity, requiring additional crumb rubber and resulting in a second work shift in the Tire Shredding Department. The Hawkesbury facility, once fully operational, aims to process up to 1.5 million scrap tires annually, producing significant quantities of recovered carbon black, pyrolysis oil, steel, and process gas, thereby enhancing Ecolomondo’s position in the sustainable recycling industry.
Ecolomondo Corporation has successfully begun the final commissioning of its entire recovered carbon black (rCB) processing line at the Hawkesbury TDP facility, following the successful commissioning of a new milling machine. This milestone is expected to resolve output limitations and bottlenecks, enabling the facility to ramp up operations. The commissioning process has already demonstrated promising results, with the facility processing over 3 metric tons of rCB during initial trials. This development is a significant step for Ecolomondo in enhancing its operational capacity and market positioning in the cleantech industry.
Ecolomondo Corporation released its interim consolidated financial statements for the first quarter of 2025, highlighting significant progress in its operations and financial agreements. The company achieved an 84% increase in revenue compared to the same period in 2024, driven by increased sales of end-products and tipping fees. Key developments include the installation and commissioning of new milling equipment, which is expected to enhance production capabilities at the Hawkesbury facility. Ecolomondo also secured financial agreements with Export Development Canada to improve working capital and entered into a joint venture to build a tire recycling facility in Spain.
Ecolomondo Corporation has successfully installed and commissioned a new milling machine at its Hawkesbury plant, which processes recovered carbon black (rCB) at a rate of 3,000 lbs per hour with a particle size distribution of 97% below 15 microns. This development is crucial for the Hawkesbury facility, as rCB is a significant revenue driver, and the new machine’s output meets the stringent demands of the company’s off-take customers. The completion of this milestone brings the facility closer to full production, with expectations to process up to 1.5 million scrap tires annually, producing various valuable outputs. The company is also nominated for the 2025 Recircle Awards, highlighting its contributions to the circular economy.
Ecolomondo Corporation announced the successful closing of a non-brokered private placement, raising C$1,000,000.10 through the sale of over six million units. The funds will be allocated to capital expenditures and working capital, supporting the production ramp-up of the new Hawkesbury TDP facility and planning for a project in Shamrock, Texas. This move is expected to enhance Ecolomondo’s operational capabilities and strategic positioning in the sustainable recycling industry. Additionally, Ecolomondo has been nominated for the 2025 Recircle Awards, highlighting its contributions to the circular economy.
Ecolomondo Corporation announced a rectification of previous press release disclosures following a review by the Autorité des marchés financiers, retracting projected EBITDA and revenue figures from earlier communications. The company has been nominated for the 2025 Recircle Awards, highlighting its contributions to the tire recycling industry. Ecolomondo’s ongoing projects, including the Hawkesbury and Shamrock TDP facilities, aim to enhance its processing capabilities and reinforce its position in the market. The Shamrock facility, in particular, is expected to significantly increase output, with construction beginning in late 2025.
Ecolomondo Corporation has filed amended and restated financial statements and management discussion and analysis for the fiscal year 2024, correcting inaccuracies in their cash flow statements. These corrections reflect the proper classification of certain non-cash items in accordance with IAS 7. Additionally, Ecolomondo has been nominated for the 2025 Recircle Awards, highlighting its industry recognition and commitment to the circular economy. The company’s ongoing projects, such as the Hawkesbury and Shamrock facilities, underscore its growth strategy and potential impact on the tire recycling industry.