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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 | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 452.97K | 196.73K | 54.23K | 19.62K | 46.62K | 558.00 | Gross Profit |
| -318.95K | -823.60K | 54.23K | 19.62K | -654.96K | 558.00 | EBIT |
| -2.43M | -2.34M | -1.31M | -2.16M | -1.85M | -1.45M | EBITDA |
| -5.31M | -3.57M | -343.08K | -28.15K | -1.15M | -611.12K | Net Income Common Stockholders |
| -6.92M | -4.72M | -1.04M | -649.56K | -1.83M | -1.12M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 813.71K | 88.27K | 105.27K | 4.40M | 3.96M | 5.48M | Total Assets |
| 7.07M | 45.19M | 43.96M | 41.59M | 31.02M | 14.76M | Total Debt |
| 200.00K | 36.97M | 33.89M | 31.90M | 22.45M | 5.11M | Net Debt |
| -107.80K | 36.88M | 33.79M | 27.50M | 18.64M | -224.12K | Total Liabilities |
| 4.24M | 45.71M | 41.35M | 38.94M | 30.35M | 13.00M | Stockholders Equity |
| 2.84M | -523.92K | 2.61M | 2.65M | 667.82K | 1.76M |
| Cash Flow | Free Cash Flow | ||||
| -4.53M | -2.86M | -5.16M | -12.81M | -18.66M | -4.42M | Operating Cash Flow |
| -2.66M | -1.05M | -45.11K | -1.48M | -1.92M | -1.03M | Investing Cash Flow |
| -1.87M | -1.81M | -5.12M | -11.18M | -16.74M | -1.19M | Financing Cash Flow |
| 5.52M | 2.85M | 864.53K | 13.26M | 17.13M | 7.24M |
Ecolomondo Corporation Technical Analysis
Ecolomondo Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$53.69M | 2,085.71 | 0.16% | ― | 49.38% | -93.75% | |
61 Neutral | $2.83B | 10.91 | 0.42% | 8438.90% | 5.74% | -20.95% | |
58 Neutral | C$28.37M | ― | -321.92% | ― | 25.24% | 34.24% | |
56 Neutral | C$52.42M | ― | -2757.94% | ― | 191.62% | -57.36% | |
53 Neutral | C$43.50M | ― | -2752.20% | ― | 153.17% | 43.51% |
Ecolomondo Corporation Corporate Events
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.
Ecolomondo Corporation has released its 2024 annual financial results, highlighting significant progress in production efficiency and commercialization at its Hawkesbury TDP facility, which processes end-of-life tires into reusable resources. The company reported a 211% increase in revenue compared to the previous year and made substantial capital expenditures to enhance its operations. Ecolomondo also secured various financial agreements, including loans and private placements, to support its growth and operational needs. The company has been nominated for the 2025 Recircle Awards, recognizing its contributions to the circular economy in the tire recycling industry.
Ecolomondo Corporation has announced an interactive webinar titled ‘Journey to Profitability’ scheduled for May 5, 2025, to discuss its progress and future direction. The company has been actively installing a new milling line at its Hawkesbury facility, which is expected to enhance production capabilities. Recent activities include filing financial statements, amending agreements with Export Development Canada, and initiating a $1M private placement. Ecolomondo has also been nominated for the 2025 Recircle Awards, highlighting its contributions to the tire recycling industry.
Ecolomondo Corporation announced that its private placement LIFE Offering, aimed at raising C$1.0 million, has been fully subscribed. The proceeds will be used for capital expenditures and working capital, including ramping up production at the Hawkesbury TDP facility and planning a project in Shamrock, Texas. The offering is expected to close by May 8, 2025, pending necessary approvals. This development is part of Ecolomondo’s strategic efforts to enhance its production capabilities and market presence, as evidenced by its nomination for the 2025 Recircle Awards and upcoming events discussing its path to profitability.
Ecolomondo Corporation announced a non-brokered private placement to raise up to C$1 million through the sale of units consisting of common shares and warrants. The proceeds will be used to optimize production at the Hawkesbury TDP Facility and for general corporate purposes. The offering is expected to close by June 14, 2025, subject to regulatory approvals. Additionally, Ecolomondo has been nominated for the 2025 Recircle Awards in the Tire Pyrolysis category, highlighting its contributions to the circular economy. The company is also hosting a webinar on May 5, 2025, to discuss its progress and future direction.
Ecolomondo Corporation has announced a non-brokered private placement to raise up to C$1.0 million through the sale of units consisting of common shares and purchase warrants. The proceeds will be used to optimize production at their Hawkesbury TDP Facility and for general corporate purposes. The offering is expected to close by June 14, 2025, subject to regulatory approvals. This move is part of Ecolomondo’s efforts to enhance its operational capabilities and strengthen its position in the recycling industry. The company is also actively engaging with stakeholders through webinars and podcasts, and it has been nominated for the 2025 Recircle Awards, highlighting its contributions to the circular economy.
Ecolomondo Corporation has issued stock options to employees, board members, and consultants, totaling 3,950,000 common shares at an exercise price of $0.17 per share, valid for ten years. This strategic move, including significant allocations to key figures like business development consultant Louis Tourillon, aims to bolster the company’s growth and operational efficiency, particularly at its Hawkesbury facility, enhancing its market positioning and stakeholder engagement.
Ecolomondo Corporation has finalized amending agreements with Export Development Canada (EDC) to improve its financial standing, allowing for a temporary holiday on principal and interest payments. This development is expected to enhance the company’s working capital and investor confidence, enabling the full ramp-up of its Hawkesbury facility and supporting its global expansion plans, including the construction of a new facility in Shamrock, Texas.
Ecolomondo Corporation has successfully tested its new milling line, achieving a throughput of 2,700 lbs per hour of recovered carbon black, surpassing its target. This milestone brings the Hawkesbury facility closer to full production, with commercial production expected by the end of May 2025. The facility will process over 1.5 million scrap tires annually, producing significant quantities of recovered carbon black, oil, and steel. This development is expected to generate $12.1 million in annual revenues, with a projected EBITDA of 45 to 50%. The company has also been nominated for the 2025 Recircle Awards, highlighting its contributions to the tire recycling industry.
Ecolomondo Corporation has completed the installation and begun commissioning its new milling line at the Hawkesbury TDP facility, which is expected to significantly enhance its production capabilities. The facility will process over 1.5 million scrap tires annually, producing substantial quantities of recovered carbon black, oil, steel, and process gas, with anticipated annual sales of $12.1 million and an EBITDA of 45-50%. This development is a crucial milestone for Ecolomondo, positioning it to ramp up to full capacity and strengthen its market presence in the tire recycling industry.
Ecolomondo Corporation has reached an agreement in principle to amend loan terms with Export Development Canada, enhancing its working capital and investor confidence. The company has invested in upgrading its Hawkesbury facility, which will significantly boost its processing capacity and meet customer specifications, positioning Ecolomondo as a key player in the sustainable recycling industry.
Ecolomondo Corporation has engaged Integral Wealth Securities Inc. to provide capital markets advisory services, pending TSX Venture Exchange approval. This collaboration aims to maintain active and orderly trading of Ecolomondo’s securities, enhancing liquidity and market presence. Integral, a CIRO-licensed investment dealer, will trade Ecolomondo shares on the TSXV, with the company compensating Integral $6,000 monthly. This strategic move is expected to bolster Ecolomondo’s market positioning as it continues to innovate in the tire recycling sector.