Top Page
Ecolomondo Corporation
(ECM)
Ecolomondo Corporation (ECM) vs. S&P 500 (SPY)
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 |
|---|---|---|---|---|---|---|---|
69 Neutral | C$42.17M | 155.17 | 1.37% | ― | 7.57% | -95.03% | |
65 Neutral | C$534.80M | ― | -14.10% | ― | 31.68% | 67.90% | |
61 Neutral | $4.43B | 16.13 | -3.23% | 11.37% | 6.25% | -21.19% | |
48 Neutral | C$404.34M | ― | -10.44% | ― | 12.92% | -3.66% | |
43 Neutral | C$30.02M | ― | -33.12% | ― | -42.96% | -110.04% | |
40 Underperform | C$86.81M | ― | -5701.32% | ― | 26.79% | 76.97% | |
33 Underperform | C$31.54M | ― | -395.07% | ― | 173.58% | -505.26% |
Ecolomondo Corporation Corporate Events
Ecolomondo Corporation has started the installation of a new milling line at its Hawkesbury plant, which will enhance its capacity to process recovered carbon black (rCB) to meet customer specifications. This development is a crucial step towards full commercialization, as rCB is the main revenue source for the plant. With operations and efficiency improvements already underway, the plant has been increasing shredding capacity and processing significant amounts of scrap tires and other materials. The new milling line is expected to begin commissioning in March 2025 and reach full production by the end of the year, promising enhanced production capabilities and market competitiveness.
Ecolomondo Corporation has announced the signing of a letter of intent for a joint venture with Alternativas Riojanas Eolicas y Solares S.L. (ARESOL) to establish a 20,000 metric tons/year tire recycling facility in Spain. This collaboration marks Ecolomondo’s entry into the European market, aligning with its strategic goals of global expansion and contributing to sustainable product creation from end-of-life tires. The new venture will utilize Ecolomondo’s pyrolysis technology to produce valuable materials such as Tire Pyrolysis Oil and recovered Carbon black, with financial and developmental responsibilities shared among Ecolomondo, ARESOL, and potential investors.
Ecolomondo Corporation announced the scheduled delivery of a new milling line to its Hawkesbury TDP facility by mid-January 2025, replacing the previous line that failed to meet production and quality standards. The new line will enable the company to produce recovered carbon black at a rate of 2,200 lbs per hour with the desired particle size, advancing Ecolomondo’s progress towards full commercialization of its operations at the facility, with commissioning expected in March and full operations by April 2025.
Ecolomondo Corporation is poised for a significant boost in its tire recycling operations with the imminent arrival of a new milling line, expected to enhance its recovered carbon black output and meet client specifications. The company has also improved its tire shredding process, increasing its crumb rubber production capacity to support its reactors effectively.
Ecolomondo Corporation has reported significant growth in sales for the first nine months of 2024, recording a 167% increase compared to the previous year. The company also secured a $3 million loan and completed a private placement to support its Hawkesbury plant operations, while continuing to enhance its production capabilities.
Ecolomondo Corporation has secured a $2 million credit facility from Export Development Canada to support its Hawkesbury subsidiary’s expansion, including new milling equipment. This financial move aims to strengthen the company’s innovative tire recycling operations, with planned disbursements over eight months.
Ecolomondo Corporation, a leader in sustainable tire recycling technology, announced the resignation of Mario Girard from its Board of Directors as he takes on a new role as Quebec’s Delegate General in Tokyo. Girard, who significantly contributed to the company and chaired its Compensation Committee, leaves after transforming the financial and environmental landscape at the Quebec Port Authority. While the board will not replace him immediately, the company expresses gratitude for his contributions and anticipates further growth in the cleantech space.
Ecolomondo Corporation has achieved a significant increase in gross revenue at its Hawkesbury facility, rising from $21,083 in January 2024 to $78,364 in October 2024, thanks to enhanced efficiencies. The company anticipates further growth with the upcoming installation of a new milling line, expected to boost their tire recycling operations in early 2025.