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Message: VIDEO - Kontrol Technologies Sets Records Across The Board In Q3. Raises Full Year Revenue Guidance To $43 - $46 MILLION!

VIDEO - Kontrol Technologies Sets Records Across The Board In Q3. Raises Full Year Revenue Guidance To $43 - $46 MILLION!

posted on Nov 16, 2021 09:18AM

Sometimes in the small cap world you just have to let the numbers do the talking.  So if you're discovering Kontrol Technologies for the first time, take a look at these numbers first and then take a look at the Company's description.  If you're already a shareholder of $KNR then these numbers are music to your ears:

Third Quarter and Year-to-Date 2021 Highlights:

  • Record revenues of $21.5 million ...up 614% year-over-year
  • Record adjusted EBITDA* of $2.8 million up 224% year-over-year
  • Record net income of $2.1 million … second consecutive quarter of positive net income
  • Cash flows from operating activities of $4.8 million in 2021 year-to-date
  • Strengthened balance sheet by eliminating $4.0 million in debt in 2021 year-to-date

Raising Fiscal Year 2021 Outlook 

  • Revenues to $43 million to $46 million .... up from previous $38 million estimate
  • Adjusted EBITDA to $6 million to $7 million ... up from previous $3.7 million estimate

Business Outlook

  • Including the recent acquisition of Global HVAC and Automation the Company has previously announced a record order book of $160 Million. 
  • Based on its current order book and the new opportunities across its operating platform, Kontrol anticipates that it will double its customer building footprint in 2022 to 800 buildings (internal estimate)

If Google NEST is the leader in smart home technology, Kontrol Technologies is the small cap leader in smart building technology

Leading the Digital Transformation of Buildings and the Built Environment by delivering enhanced intelligence through IOT technology and solutions to create Smart, Healthy and Sustainable Buildings.

Customers want to reduce energy consumption, lowering GHG emissions and creating safe and healthy spaces for their employees, customers and stakeholders.

  • Established Blue Chip Customer Base includes: 
    • Beyond Meat
    • Oxford Properties
    • Brookfield Asset Management
    • Telus
    • Suncor Energy
    • ….. Many More

Watch this powerful interview with CEO Paul Ghezzi discussing the Company's blowout quarter and what to look forward to in 2022.

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