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Clear Blue Technologies International, Inc. (TSE:CBLU)
:CBLU
RESEARCH TOOLSreports
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Clear Blue Technologies International, Inc.
(CBLU)
40Underperform
Clear Blue Technologies International, Inc. (CBLU) vs. S&P 500 (SPY)
Market Cap
C$9.27M
Dividend YieldN/A
Average Volume (3M)49.89K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth24.29%
EPS Growth0.53%
CountryCA
EmployeesN/A
SectorTechnology
Sector Strength43
IndustrySolar
Share Statistics
EPS (TTM)-0.04
Shares Outstanding463,278,440
10 Day Avg. Volume81,157
30 Day Avg. Volume49,886
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.91
Price to Cash Flow (P/CF)-3.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Clear Blue Technologies International, Inc. Business Overview & Revenue Model
Company DescriptionClear Blue Technologies International, Inc. (CBLU) is a leading provider of smart off-grid power solutions. The company operates in the clean technology sector, focusing on sustainable and cost-effective energy solutions. Its core products include solar and hybrid power systems, which are designed for remote and off-grid applications such as street lighting, telecommunications, and other critical infrastructure.
How the Company Makes MoneyClear Blue Technologies generates revenue primarily through the sale and installation of its solar and hybrid power systems. The company also offers ongoing maintenance and support services, which provide a recurring revenue stream. Additionally, Clear Blue Technologies may partner with governments, municipalities, and private sector clients to deploy its technology in larger, infrastructure-scale projects, further contributing to its earnings. By leveraging its proprietary technology, the company aims to deliver reliable and efficient energy solutions that meet the growing demand for sustainable power.
Clear Blue Technologies International, Inc. Financial Statement Overview
Summary
Clear Blue Technologies is facing significant financial difficulties, with ongoing net losses, high leverage, and negative cash flow. The company shows volatile revenue growth and high financial risk due to negative stockholders' equity and significant liabilities.Income Statement
Clear Blue Technologies shows a challenging income statement with consistent net losses over the years, indicating a negative net profit margin. Revenue growth is volatile, with recent declines. The negative EBIT and EBITDA margins further highlight profitability challenges.35
Negative
Balance Sheet
The balance sheet reflects financial instability with negative stockholders' equity, indicating high leverage. The debt-to-equity ratio is not meaningful due to negative equity. The company faces significant financial risk with high total liabilities compared to assets.30
Negative
Cash Flow
Cash flow analysis indicates negative free cash flow, suggesting operational challenges in generating cash. Operating cash flow to net income ratio is unfavorable, pointing to inefficiencies. Free cash flow growth remains negative, although financing activities have helped maintain liquidity.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 4.31M | 5.40M | 2.64M | 8.15M | 4.02M | 3.97M | Gross Profit |
| 182.42K | 2.47M | 988.52K | 2.26M | 1.27M | 891.16K | EBIT |
| -2.73M | -3.38M | -3.46M | -2.67M | -3.29M | -4.57M | EBITDA |
| -1.88M | -1.35M | -3.76M | -2.79M | -3.21M | -4.86M | Net Income Common Stockholders |
| -4.70M | -3.89M | -6.55M | -3.41M | -4.30M | -5.10M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 767.12K | 534.45K | 853.33K | 2.12M | 3.51M | 61.72K | Total Assets |
| 4.49M | 12.02M | 10.87M | 11.17M | 8.40M | 5.31M | Total Debt |
| 594.26K | 11.54M | 9.97M | 8.25M | 4.23M | 2.26M | Net Debt |
| -172.86K | 11.01M | 9.12M | 6.13M | 726.06K | 2.20M | Total Liabilities |
| 2.54M | 16.56M | 13.65M | 11.38M | 7.15M | 5.54M | Stockholders Equity |
| 1.95M | -4.54M | -2.78M | -215.24K | 1.25M | -231.16K |
| Cash Flow | Free Cash Flow | ||||
| -4.60M | -5.17M | -5.86M | -6.84M | -3.18M | -4.63M | Operating Cash Flow |
| -1.32M | -2.06M | -3.45M | -3.90M | -3.15M | -4.61M | Investing Cash Flow |
| -1.48M | -859.51K | -1.80M | -2.86M | 23.56K | -19.88K | Financing Cash Flow |
| 1.93M | 2.60M | 3.98M | 5.37M | 6.57M | 3.92M |
Clear Blue Technologies International, Inc. Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
46.90
Neutral
0.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CBLU, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.90 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CBLU.
Clear Blue Technologies International, Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$1.04B | 8.58 | 26.63% | 3.97% | 12.14% | 26.17% | |
65 Neutral | C$545.74M | ― | -14.10% | ― | 31.68% | 67.90% | |
63 Neutral | C$16.47M | ― | -5.60% | ― | -10.37% | 95.22% | |
58 Neutral | $21.03B | 10.28 | -16.29% | 2.47% | 4.45% | -23.80% | |
56 Neutral | $4.45B | 132.45 | 2.96% | 0.30% | 5.76% | -71.36% | |
40 Underperform | C$9.27M | ― | 59.36% | ― | 24.29% | 0.53% | |
22 Underperform | C$2.93M | ― | 17.92% | ― | ― | 83.87% |
* Technology Sector Average
Performance Comparison
TSE:CBLU
Clear Blue Technologies International, Inc.
0.02
-0.04
-66.67%
TSE:BYD
Boyd Group Services
207.40
-76.12
-26.85%
TSE:PSI
Pason Systems
13.10
-2.72
-17.19%
TSE:NXO
NexOptic Technology
0.02
>-0.01
-33.33%
TSE:GRN
Greenlane Renewables Inc
0.10
-0.02
-16.67%
TSE:BLN
Blackline Safety
6.49
2.27
53.79%
Clear Blue Technologies International, Inc. Earnings Call Summary
Earnings Call Date: Nov 29, 2024 | % Change Since: 0.00% | Next Earnings Date: May 28, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong growth in the telecom vertical and improvements in gross profit margins, driven by integration of new products and cost reductions. However, significant challenges were noted, including a substantial revenue decline in Q3, cash flow constraints, and high inventory levels. Additionally, financial uncertainties related to delayed payments and shifts in payment terms pose ongoing challenges.Highlights
Telecom Vertical Revenue Growth
The telecom vertical revenue increased by 110% in the trailing four quarters, reaching $3.4 million compared to $1.6 million previously, driven by the integration of eSite hardware product.
Gross Profit Margin Improvement
The company maintained gross margins of over 40-45%, with Q3 2024 and trailing four-quarter margins at 46% due to a change in sales mix and increased revenue from the integrated eSite-Micro systems.
Operational Cost Reductions
The company reduced operating expenses by downsizing its workforce by one-third and restructuring cloud expenses, saving approximately $600,000 annually.
New Partnership with Satellite Vendor
Announced a new partnership with a satellite vendor, expected to integrate Pico with every satellite modem shipped to business customers, providing a significant growth opportunity.
Lowlights
Significant Revenue Decline in Q3
Q3 2024 revenue was $369,297, down 84% from the previous quarter, primarily due to delays in customer orders and a focus on cash conservation.
Cash Flow Constraints
The company experienced cash flow constraints, leading to a shift from revenue generation to cash conservation and impacting shipment alignment with customer payments.
High Inventory Levels
The company has a large inventory on its balance sheet, nearly $4 million, due to historical supply chain issues and delayed shipments.
Challenges with SDTC Payments
Experienced a five-month delay in receiving a 2023 payment from SDTC, affecting operations and contributing to financial uncertainty.
Uncertainty in Payment Terms Impacting Competitiveness
Switching to prepaid payment terms may reduce competitiveness against companies offering longer terms, particularly against competitors like Huawei.
Company Guidance
During Clear Blue's Q3 2024 earnings call, the company provided guidance on addressing its financial challenges and strategic plans moving forward. The company reported a significant inventory of nearly $4 million on its balance sheet, contributing to a cash flow crunch. Clear Blue aims to become cash flow positive by reducing operational expenses, which included a one-third reduction in salaries and a $600,000 cut in annual software and cloud expenses. The company is also negotiating with stakeholders to convert some of its debt into equity, thereby improving its shareholder equity and reducing debt. Despite a challenging Q3 with revenue dropping by 84% to $369,297, Clear Blue projects a positive outlook for 2025, with plans to leverage a $1.3 million government grant and anticipated sales growth from new partnerships and product integrations. The company's gross margin for Q3 2024 stood at 46%, and they have adjusted their strategy to align shipments with payments, focusing on generating cash rather than just revenue.Clear Blue Technologies International, Inc. Corporate Events
Clear Blue Technologies Adjusts Debt Settlement and Ownership Structure
Jan 9, 2025
Clear Blue Technologies International Inc. announced a correction regarding its recent shares for debt settlement and private placement. The company settled approximately $8.77 million of indebtedness by converting it into units, which included common shares and purchase warrants. As part of this transaction, BDC Capital Inc. converted $2.2 million into units, significantly increasing its ownership stake in Clear Blue from 3.93% to 16.88% on a non-diluted basis. This strategic move potentially strengthens BDC’s influence and interest in the company’s future developments.
Clear Blue Technologies Completes Shares for Debt and Private Placement Transactions
Jan 6, 2025
Clear Blue Technologies announced the completion of a shares for debt transaction and a private placement, settling approximately $8.77 million of debt into equity and raising approximately $1.575 million. This strategic financial restructuring enhances the company’s equity position and supports its operational goals. BDC Capital, a subsidiary of the Business Development Bank of Canada, significantly increased its stake in Clear Blue through this transaction, which strengthens its influence and potential control over the company.
Clear Blue Technologies Restructures for Market Growth
Dec 27, 2024
Clear Blue Technologies International Inc. has announced a financial restructuring plan to strengthen its market position, involving debt conversion to equity, a private placement for additional capital, and a 6:1 share consolidation. These measures aim to allow the company to capitalize on opportunities in the North American and African markets after facing setbacks due to global challenges in recent years. The company is also implementing cost reductions to enhance operational efficiency.
Clear Blue Technologies Reports Mixed Financial Results
Nov 29, 2024
Clear Blue Technologies International Inc. reported a 24% increase in revenue on a trailing four-quarter basis, achieving $4.3 million, with gross profits rising by 49% to nearly $2 million. However, the company faced an 84% revenue decrease in Q3 2024 compared to the previous year, highlighting significant challenges alongside an increase in bookings by 28%.
Clear Blue and Eutelsat Enhance African Connectivity
Nov 12, 2024
Clear Blue Technologies has partnered with Eutelsat Group to enhance connectivity across Africa by integrating smart energy solutions with satellite platforms. This collaboration aims to provide reliable, sustainable broadband services to remote communities, overcoming challenges posed by unstable electricity supplies.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.