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Zedcor Inc V.ZDC

Alternate Symbol(s):  CRFQF

Zedcor Inc. is a Canada-based company, which provides mobile industrial & commercial surveillance solutions. The Company's MobileyeZ security towers provide turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. Its MobileyeZ towers, available as electric with battery backup, solar hybrid and diesel, can provide surveillance coverage and lighting for all types of worksites. The Company is expanding its established platform of over 1,000 MobileyeZ towers in Canada and the United States. It also offers high level security guard services to enterprise level customers who are interested in supplementing video-based security for valuable, high risk, or mission critical operational assets. It provides in-house North American based live video alarm monitoring. It serves various industries, including construction; mining; energy sector; pipeline construction; office, commercial & retail; and autobody & automotive dealerships.


TSXV:ZDC - Post by User

Post by retiredcfon Mar 23, 2024 12:41pm
224 Views
Post# 35948803

The Word is Spreading

The Word is SpreadingNotwithstanding the final comments, this will bring ZDC more onto investors' radar. GLTA

ZDC has seen very strong momentum year-to-date and is up 14% over the last year as well. ZDC continues to be cheap on a trailing earnings basis at 9.3x. The company has been working on expanding to the US and in January reported its first-ever revenue from the United States. It has also completed design work on its 2024 Solar MobileyeZ. The 2024 MobileyeZ will be a fully standalone, solar powered unit with battery backup. Net income and cash from operations are positive over the last twelve months while free cash flow is still negative. ZDC's balance sheet is not great with $22.9M in net debt and a high debt-to-equity ratio of 1.87x. Revenue is projected to grow at 30% in 2024 but the company does only have two analysts. It is too risky for us with the significant size risks and ZDC having high debt. We like that the expansion to the US has started briniging in revenues and should be positive for growth along with news on the new product. One to watch, not yet own. (5iResearch)
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