Clear Blue Technologies
Delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, off-grid power for lighting, telecom, security, Internet of Things devices, and other critical systems.
Launch date
Employees
Market cap
€4.6m
Enterprise valuation
€12m (Public information from Sep 2024)
Share price
CAD0.055 CBLU.V
Toronto Ontario (HQ)
Financials
Estimates*
| CAD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 2.3m | 3.8m | 4.0m | 4.0m | 8.1m | 2.6m | 5.4m |
| % growth | - | 65 % | 5 % | 1 % | 103 % | (68 %) | 105 % |
| EBITDA | (3.4m) | (7.9m) | (4.4m) | (3.2m) | (2.5m) | (3.0m) | (1.8m) |
| % EBITDA margin | (147 %) | (210 %) | (112 %) | (78 %) | (31 %) | (112 %) | (34 %) |
| Profit | (3.5m) | (8.1m) | (5.1m) | (3.8m) | (3.4m) | (5.7m) | (3.9m) |
| % profit margin | (151 %) | (214 %) | (128 %) | (95 %) | (42 %) | (218 %) | (72 %) |
| EV / revenue | - | 3.6x | 1.8x | 8.6x | 3.1x | 6.0x | 3.8x |
| EV / EBITDA | - | -1.7x | -1.6x | -10.9x | -10.1x | -5.3x | -11.2x |
| R&D budget | - | 1.6m | 1.4m | 1.5m | <1m | <1m | <1m |
| R&D % of revenue | - | 43 % | 34 % | 37 % | - | 8 % | 6 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
$500k | Seed | ||
| N/A | $1.3m | Seed | |
* | N/A | $500k | Debt |
$1.9m | Early VC | ||
$1.2m | Early VC | ||
| N/A | N/A | IPO | |
$1.0m | Post IPO Debt | ||
| N/A | CAD4.3m | Post IPO Debt | |
* | $4.0m | Grant | |
* | N/A | CAD1.3m | Private Placement VC |
* | N/A | CAD1.3m | Private Placement VC |
* | N/A | CAD343k | Post IPO Equity |
| Total Funding | €9.8m | ||
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ACQUISITION by Clear Blue Technologies Dec 2022