Monday, September 15, 2025

Latest

Kontrol Technologies Guides To $33 – 35 Million In Revenues For 2021

Kontrol Technologies (CSE: KNR) this morning released a corporate update of sorts for investors. Included within was guidance figures for 2021, as well as preliminary unaudited financing results for fiscal year 2020.

For fiscal year 2021, the company provided guidance for revenues of $33 million to $35 million, as compared to unaudited revenue of $13 million for 2020. The company indicated that the lower figure for 2020 is a result of COVID-19 deferring capital projects, with customers pushing those projects to the current fiscal year.

Adjusted EBITDA guidance was also provided, with the company anticipating a figure “in the range of” $3.7 million for 2021, while adjusted EBITDA for fiscal year 2020 is currently estimated at $2.0 million. Total revenue mix is anticipated to see 70% of sales come from the firms core business while 30% comes from BioCloud.

Notably, revenues for 2020 were initially guided to be between $32 million and $35 million, while adjusted EBITDA was expected to be between $3.0 and $3.7 million. However, guidance was retracted by the company for the year following second quarter results.

The company also revealed that as of March 31, it has seen roughly $4.0 million in convertible debt converted to equity, with $795,000 of outstanding debentures remaining. The company currently anticipates the remaining outstanding debentures will be converted this year. Meanwhile, certain vendor hold backs have reportedly been settled via equity issuances and cash payments, with no further details provided. The firms current cash position was not disclosed.

Kontrol Technologies last traded at $2.94 on the CSE.


Information for this briefing was found via Sedar and Kontrol Energy Systems. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Kontrol Tech To Move Listing To The Neo

Kontrol Technologies (CSE: KNR) last night announced that it has received approval to uplist to...

Wednesday, May 5, 2021, 07:06:56 AM

Kontrol Technologies Posts Q1 Revenues Of $26.6 Million

Kontrol Technologies (NEO: KNR) has seen a slight revenue decline on a quarter over quarter...

Monday, May 16, 2022, 08:54:03 AM

Is Kontrol Technologies Back In The Game?

Kontrol Technologies Corp. (NEO: KNR) released two major pieces of news this week that point...

Thursday, March 10, 2022, 05:41:00 PM

Kontrol Technologies Cancels 2022 Guidance, Sees Revenue Fall 31% Sequentially

2022 appears to be the year that wasn’t for Kontrol Technologies (NEO: KNR). The firm...

Tuesday, November 15, 2022, 09:17:20 AM

Kontrol Technologies Hits $4.2 Million In Revenue, First Positive Net Income In Q2 2021

Kontrol Technologies Corp. (NEO: KNR) released on Monday its financial statements for the quarter ending...

Tuesday, August 17, 2021, 08:56:00 AM