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Hillcrest Energy Technologies
(HEAT)
Hillcrest Energy Technologies (HEAT) vs. S&P 500 (SPY)
Hillcrest Energy Technologies Business Overview & Revenue Model
Hillcrest Energy Technologies Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 624.87K | 696.75K | 1.04M | Gross Profit |
| -230.96K | -294.70K | -241.32K | 28.51K | -87.23K | -80.32K | EBIT |
| -10.37M | -8.27M | -6.55M | -10.95M | -2.16M | -1.14M | EBITDA |
| -9.83M | -8.05M | -6.08M | -10.89M | -1.96M | -699.53K | Net Income Common Stockholders |
| -10.23M | -8.14M | -6.14M | -13.24M | -2.49M | -1.76M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 21.35K | 74.36K | 456.29K | 3.72M | 676.09K | 41.75K | Total Assets |
| 1.12M | 2.71M | 3.12M | 6.63M | 1.81M | 863.90K | Total Debt |
| 1.70M | 262.79K | 110.95K | 178.53K | 351.94K | 1.36M | Net Debt |
| 1.68M | 188.43K | -345.33K | -3.54M | -324.15K | 1.32M | Total Liabilities |
| 3.79M | 1.59M | 690.66K | 1.39M | 2.24M | 3.35M | Stockholders Equity |
| -2.67M | 1.12M | 2.43M | 5.25M | -427.60K | -2.49M |
| Cash Flow | Free Cash Flow | ||||
| -8.56M | -4.60M | -5.62M | -6.97M | -1.76M | -583.24K | Operating Cash Flow |
| -8.56M | -4.57M | -5.43M | -4.61M | -1.57M | -482.10K | Investing Cash Flow |
| 0.00 | -24.04K | -54.17K | -2.36M | -184.55K | 68.87K | Financing Cash Flow |
| 8.45M | 4.21M | 2.25M | 10.02M | 2.39M | 433.64K |
Hillcrest Energy Technologies Technical Analysis
Hillcrest Energy Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $10.74B | 10.21 | -6.69% | 3.04% | 7.44% | -10.92% | |
36 Underperform | C$6.68M | ― | -224.98% | ― | -85.42% | 51.62% | |
35 Underperform | $5.20M | ― | -337.09% | ― | -81.23% | 86.94% | |
35 Underperform | C$19.48M | ― | -41.33% | ― | -100.00% | -14.57% | |
33 Underperform | C$10.80M | ― | -568.32% | ― | ― | 9.55% | |
22 Underperform | C$2.93M | ― | 17.92% | ― | ― | 83.87% |
Hillcrest Energy Technologies Corporate Events
Hillcrest Energy Technologies has closed the first tranche of its non-brokered private placement of unsecured convertible debentures, amounting to $1,942,825, with a major portion used to settle existing debt. This financing move is expected to potentially enhance the company’s financial stability and operational flexibility, positioning it strategically within the energy market as it anticipates closing a second tranche in the upcoming weeks.
Hillcrest Energy Technologies has successfully closed the first tranche of its non-brokered private placement of unsecured convertible debentures, raising approximately $1.94 million. This financing move, with a significant portion used to settle existing debt, allows Hillcrest to strengthen its financial position and potentially enhance its market operations, with further plans to close a second tranche soon.
Hillcrest Energy Technologies announced strategic initiatives to advance its market readiness, marked by the maturation of its ZVS technology. The company has appointed Nad Karim as Vice President of Business Development, leveraging his extensive experience in technology-driven businesses to foster strategic partnerships and expand market opportunities, positioning Hillcrest as a leader in power conversion technologies.
Hillcrest Energy Technologies has announced a non-brokered private placement of unsecured convertible debentures, aiming to raise up to $3 million. This initiative is designed to settle certain company debts and provide funds for technology development, reflecting Hillcrest’s commitment to sustainability and aligning with strategic investment goals.
Hillcrest Energy Technologies has decided to cancel its previously announced non-brokered private placement to better align with its strategic goals and shareholder value. Additionally, the company has reclaimed over 3.7 million incentive shares from executives and directors, returning them to the treasury.
Hillcrest Energy Technologies has entered into a Memorandum of Understanding with Systematec GmbH to strengthen their collaboration and explore a distribution agreement for Hillcrest’s Zero Voltage Switching inverter technology in the European automotive market. This partnership aims to accelerate the adoption of high-efficiency solutions by integrating Hillcrest’s innovative technology with Systematec’s market expertise. The collaboration is expected to enhance system performance and efficiency for European automakers.
Hillcrest Energy Technologies has completed its 2024 demonstrations, showcasing impressive advancements in power conversion technologies. Their Zero Voltage Switching traction inverter prototype achieved efficiency gains of up to 6%, promising significant improvements in electric vehicle performance. With an inverter efficiency of 99.7%, Hillcrest leads in reducing energy loss and enhancing reliability for the EV market.
Hillcrest Energy Technologies has announced a non-brokered private placement aimed at raising up to $2 million to strengthen its balance sheet and support growth in the clean technology sector. This strategic move includes settling up to $1.5 million in outstanding debt and marks the termination of an existing equity drawdown facility. The company plans to use the funds for accounts payable, technology development, and other operational needs.
Hillcrest Energy Technologies is expanding its collaboration with Ocean Batteries to develop advanced EV chargers and onboard marine energy storage systems. This partnership aims to leverage Hillcrest’s cutting-edge Zero Voltage Switching technology to create ultra-efficient solutions with reduced operational losses. The collaboration seeks to meet the growing demand for sustainable energy in marine and EV sectors, supporting the global move towards decarbonization.
Hillcrest Energy Technologies is making strides in Europe and North America by showcasing its advanced Zero Voltage Switching inverter technology, which promises improved efficiency and cost savings. CEO Don Currie’s meetings in Sweden and Germany, along with COO Jamie Hogue’s presentation at an investor summit, highlight the company’s efforts to expand in key markets.
Hillcrest Energy Technologies has unveiled its innovative Zero-Voltage Switching (ZVS) traction inverter prototype, which promises to deliver significant cost savings and improved efficiency for electric vehicle manufacturers. The advanced design of the ZVS inverter reduces material use and energy losses, providing a competitive edge in EV power systems. With its compact and efficient design, the inverter is set to enhance performance and lower operational costs for manufacturers and consumers alike.
Hillcrest Energy Technologies is set to launch a new FPGA-based control system for its Zero Voltage Switching (ZVS) inverters, aiming to enhance efficiency and reliability. This development is expected to open up new commercial opportunities by meeting customer demands for improved performance and adaptability.