FormerXBC Inc XEBEQ

Hygear price

[Magicmike67]

Approximately 32.8 x 2020 revenue of 4.75M?

Am I right?

[tamaracktop]

   No. That is incorrect. Xebec acquired HyGear for a total consideration of $159 million in cash and stock, plus the assumption of 18 million Euros of HyGear debt. The deal closed on December 31st.    At the time, HyGear's trailing revenues were 11.4 million Euros. Approximately equivalent to $17.87 million Canadian dollars using the prevailing exchange rate of 1.5684 on

[Magicmike67]

Thank you for your reply TT but 11.4M Euros was 2019 revenue. I was looking at this from YE report... As the acquisition of HyGear closed on December 31, 2020, the acquisition did not have an impact on revenues and net income for the year ended December 31, 2020. Had the acquisition taken place on January 1, 2020, the pro forma revenues and net income(loss)of the Company would have been$61,384

[tamaracktop]

Quite obviously, an acquisition that closed on Decebmer 31st won't affect numbers for 2020. This, from the news release detailing the specifics of the deal issued December 8th: HyGear generated €11.4 million of revenues, €3.4 million of EBITDA and €2.5 of operating income in 2019 and is expected to experience double-digit annual revenue growth from 2019 to 2021 and maintain strong EBITDA