Farmers Edge
Financials
Estimates*
CAD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 18.1m | 23.8m | 45.9m | 36.2m | 32.8m | 22.3m | 26.1m |
% growth | 26 % | 31 % | 93 % | (21 %) | (9 %) | (32 %) | 17 % |
EBITDA | (77.5m) | (71.4m) | (31.0m) | (43.1m) | (64.2m) | (48.5m) | (40.0m) |
% EBITDA margin | (427 %) | (300 %) | (68 %) | (119 %) | (196 %) | (218 %) | (153 %) |
Profit | (106m) | (118m) | (84.6m) | (66.4m) | (86.9m) | - | - |
% profit margin | (585 %) | (496 %) | (184 %) | (183 %) | (265 %) | - | - |
EV / revenue | - | - | - | 2.4x | 1.1x | 0.7x | 0.6x |
EV / EBITDA | - | - | - | -2.0x | -0.6x | -0.3x | -0.4x |
R&D budget | 7.2m | 6.8m | 5.3m | 7.9m | 5.6m | - | - |
R&D % of revenue | 40 % | 28 % | 12 % | 22 % | 17 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $25.0k | Seed | |
N/A | - | ||
N/A | Series B | ||
N/A | Seed | ||
CAD41.0m | Late VC | ||
$58.0m | Early VC | ||
$3.2m | Series C | ||
$18.3m | Late VC | ||
N/A | CAD125m Valuation: CAD700m 15.3x EV/LTM Revenues -22.6x EV/LTM EBITDA | IPO | |
* | CAD75.0m | Post IPO Debt | |
Total Funding | €99.6m |
Recent News about Farmers Edge
EditFarmers Edge, accessible at farmersedge.ca, is a dynamic startup specializing in digital farming solutions. The company operates in the precision agriculture market, which involves using advanced technology to enhance farming efficiency and productivity. Farmers Edge primarily serves farmers and agricultural businesses, providing them with tools to manage risks and maximize profitability.
The core of Farmers Edge's offerings is its innovative digital farming platform, FarmCommand. This platform integrates various technologies, including high-resolution satellite imagery, on-farm weather stations, and unique map layers, to deliver precise data and insights. These tools help farmers monitor crop health, detect changes automatically, and make informed decisions to improve yield and sustainability.
Farmers Edge's business model revolves around subscription-based services. Clients pay for access to the FarmCommand platform and its suite of tools, which include high-frequency imagery, weather data, and risk management solutions. Additionally, the company offers specialized services like Smart Carbon, which focuses on sustainable farming practices.
Revenue is generated through these subscriptions and additional services, making it a recurring revenue model. This approach ensures a steady income stream while providing continuous value to clients through regular updates and support.
In summary, Farmers Edge is at the forefront of precision agriculture, leveraging technology to enhance farm productivity and sustainability. It serves a global market of farmers and agricultural enterprises, offering a comprehensive digital platform that integrates satellite imagery, weather data, and advanced analytics.
Keywords: Precision Agriculture, Digital Farming, Satellite Imagery, FarmCommand, Crop Health, Weather Data, Risk Management, Sustainability, Subscription Services, Smart Carbon.