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Wavefront Technology Solutions Inc
Market news
Financials
Income Statement
Revenue
Net income
| (CAD) | 2021info | Y/Y change |
|---|---|---|
Revenue | 1.61M | -42.74% |
Operating expense | 3.11M | -5.20% |
Net income | -1.37M | -108.18% |
Net profit margin | -85.59 | -263.59% |
Earnings per share | — | — |
EBITDA | -1.43M | -266.17% |
Effective tax rate | — | — |
Balance Sheet
Total assets
Total liabilities
| (CAD) | 2021info | Y/Y change |
|---|---|---|
Cash and short-term investments | 1.20M | -33.88% |
Total assets | 2.42M | -28.21% |
Total liabilities | 1.09M | 53.09% |
Total equity | 1.34M | — |
Shares outstanding | 91.01M | — |
Price to book | 0.00 | — |
Return on assets | -33.98% | — |
Return on capital | -43.17% | — |
Cash Flow
Net change in cash
| (CAD) | 2021info | Y/Y change |
|---|---|---|
Net income | -1.37M | -108.18% |
Cash from operations | -455.55K | 5.32% |
Cash from investing | -61.26K | 59.34% |
Cash from financing | -89.15K | 40.09% |
Net change in cash | -615.78K | 21.10% |
Free cash flow | -201.82K | 64.35% |
About
Wavefront Technology Solutions Inc. is a provider of secondary oil recovery and environmental technologies. The company was founded in 1997 as PE-TECH by Brett Davidson and University of Alberta professor Tim Spanos. The company was later renamed to Wavefront Technology Solutions Inc. The company provides technology to aid in the recovery of stranded oil, which uses pulse technology to simulate the effects of the aftershock of an earthquake. This technology is used for fluid flow optimization having applications in both the environmental and energy sectors. In the environmental sector, the process is marketed as Primawave, while in the energy sector it is marketed as Powerwave.
The company's Powerwave technology has been put to use in more than 175 well applications throughout North America, including applications in California, Oklahoma, and Alberta.
The company is headquartered in Edmonton, Alberta, Canada, and has offices in Calgary, Alberta, and Cambridge, Ontario. The company also has offices in Houston, Texas and Raleigh, North Carolina. Wikipedia
Founded
1980
Headquarters
Website
Employees
23
