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Tornado Global Hydrovacs Ltd V.TGH

Alternate Symbol(s):  TGHLF

Tornado Global Hydrovacs Ltd. is a Canada-based company, which designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. The Company sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Its hydrovac trucks offering include Tornado F2 Urban Hydrovac, Tornado F3 City Hydrovac, Tornado F4 Rural Hydrovac, and Tornado F5 Remote Hydrovac. Tornado F2 Urban Hydrovac is a lightweight force in any downtown operation. It operates through a production facility located in Red Deer, Alberta (the Red Deer Facility) and a sales and head office located in Calgary, Alberta. In China, the Company’s subsidiary is used principally to source certain manufacturing inputs for its North America operations.


TSXV:TGH - Post by User

Post by lscfaon Nov 15, 2024 11:50pm
79 Views
Post# 36316193

Q3

Q3

 

Qtr ending

Revenues

Net income

ebitda

eps

Sep 24

30,451

1,990

3,090

0.014

Jun 24

34,423

2,511

3,779

0.018

Mar 24

33,904

2,427

3,434

0.018

Dec 23

33,380

4,559

6,582

0.032

Sep 23

27,081

944

2,181

0.007

Jun 23

23,516

1,054

2,011

0.008

Mar 23

21,031

785

1,659

0.006

Dec 22

20,715

575

938

0.004

Sep 22

15,397

836

1,364

0.006

Jun 22

13,362

570

1,220

0.004

Mar 22

9,939

474

946

0.004

 





Revenue decreased in Q3/24 due to production capacity and resources being primarily allocated to finalize a new product under the Supply Contract. This reallocation of capacity, combined with preparation for the construction of our new facility, required adjustments to our production line, temporarily slowing overall production. Prior to this, since Q4/2022 revenue has increased each quarter due to increased demand for hydrovac trucks in North America, the sale of IP to Ditch Witch in Q4/2022 and Q4/2023 and due to the Supply Contract and sales to Custom Truck.  

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