Kontrol Technologies Corp Stock Price, News & Analysis

Kontrol Technologies (KNRLF) has launched BuildX AI, a new platform designed to enhance HVAC management in commercial and industrial buildings. The platform integrates advanced drone technology and sensors to provide actionable insights for asset managers and building operators across their 400+ building portfolio. CEO Paul Ghezzi announced plans for multiple customer pilots over the next six months.

Additionally, the company disclosed a loan agreement dated May 2nd, 2025, where Kontrol will loan CEO Paul Ghezzi $680,000, repayable within one year at the CRA prescribed interest rate. The transaction, classified as a "related party transaction," was unanimously approved by eligible board directors, with Ghezzi abstaining from the vote.

Kontrol Technologies Corp (OTCQB:KNRLF) has announced its intention to implement a new Normal Course Issuer Bid (NCIB) program to repurchase its common shares through Cboe Canada and alternative Canadian trading systems. The program, approved by the board and Cboe Canada, will run from April 14th, 2025 to April 14th, 2026.

Under the NCIB, Kontrol may purchase up to 2,757,858 common shares (5% of outstanding shares), with daily purchases to 29,688 shares (25% of average daily trading volume). Block trades may exceed this limit once per week. Ventum Financial will execute the purchases, and all acquired shares will be cancelled.

The board believes the market price may not reflect Kontrol's underlying value and growth opportunities, viewing the share buyback as an appropriate use of corporate funds that could enhance shareholder value and liquidity.

Kontrol Technologies Corp. (Cboe CA:KNR, OTCQB:KNRLF, FSE:1K8) has completed its Normal Course Issuer Bid (NCIB) program to repurchase common shares through Cboe Canada or alternative trading systems. The NCIB, which commenced on April 5, 2024, and ends on April 4, 2025, saw Kontrol purchase 2,580,500 common shares at an average price of $0.21 per share, totaling $564,410. The company now has 55,157,169 common shares outstanding.

Kontrol Technologies is a Canadian public company specializing in smart buildings and cities through IoT, Cloud, and SaaS technology, focusing on energy management, continuous emissions monitoring, and sustainability. For more information, visit their website or their SEDAR+ profile.

The press release includes forward-looking statements regarding future testing, product success, and customer demand, subject to various risks and uncertainties.

Kontrol Technologies (KNRLF) has released its Q4 and fiscal year 2024 financial results. The company reported a significant gain of $13.3 million from selling air monitoring assets in H1 2024, which helped clear all interest-bearing bank debt. However, revenues declined to $1.7 million in Q4 2024 (vs $5.1M in Q4 2023) and $10.9 million for FY2024 (vs $18.8M in FY2023).

The company maintained a strong cash position of $12.6 million in cash and marketable securities as of December 31, 2024. Gross margin slightly decreased to 56% in FY2024 from 61% in FY2023. Net income from continuing operations reached $12.2 million in FY2024, though Adjusted EBITDA was negative at $(525,458) compared to $3.6M in FY2023.

The company continues to service approximately 400 buildings and implemented a share buyback program, repurchasing 1,846,500 common shares for $450,000 during 2024.

Kontrol Technologies (OTCQB:KNRLF), a sustainable buildings platform provider, released a corporate update highlighting its strong financial position with approximately $14 Million in cash and marketable securities, including bitcoin holdings. The company is actively reviewing multiple potential acquisition opportunities, subject to due diligence and definitive agreements.

The company reports generating net positive interest income on its holdings and maintains a debt-free status with no long-term obligations. Under its previously announced Normal Course Issuer Bid (NCIB), Kontrol has repurchased approximately 2,091,500 million common shares.

Kontrol Technologies Corp. (OTCQB:KNRLF) held its annual general meeting of shareholders on January 10, 2025, announcing key voting results. All proposed directors were successfully elected with strong approval ratings exceeding 96%. Paul Ghezzi, Claudio Del Vasto, Andrew Bowerbank, Danny Carestia, and Joanna Osawe were elected to the board.

Shareholders approved the appointment of MNP LLP as the company's auditor with 100% support. Additionally, resolutions ratifying both the company's share compensation plan and stock option plan passed with 96.06% approval. The company, which specializes in smart buildings and cities solutions, focuses on energy management and continuous emissions monitoring.

Kontrol Technologies has secured multiple new city customers through successful RFP competitions against larger organizations, expanding its sustainable buildings platform. The company will provide sustainability solutions across multiple buildings in the customers' portfolios. Additionally, Kontrol has accelerated its bitcoin strategy, now holding approximately $3 Million CAD in bitcoin or bitcoin-related proxies on its balance sheet. The company reports having no long-term secured debt, generates interest income from treasury holdings, and maintains sufficient capital for its mergers and acquisitions strategy.

Kontrol Technologies reported Q3 2024 financial results, highlighting significant changes in its business structure. The company recorded a $13.3 million gain from selling air monitoring assets in H1 2024, ending Q3 with $11.6 million in cash and marketable securities. Q3 revenues decreased to $1.7 million from $4.5 million year-over-year. For the nine months ended September 30, 2024, income from continuing operations reached $12 million, up from $294,501 in 2023. The company cleared all interest-bearing bank debt and expects to collect $1.2 million in indemnity holdbacks in 2025.

Kontrol Technologies (OTCQB:KNRLF) has announced a $2 Million Bitcoin purchase plan, acquiring $500K per month over four months. The purchases will be funded through holdback receivables, treasury, and future cash flows. The company is also expanding its services with data center customers, where it currently provides energy management and consumption monitoring for three mission-critical facilities operated by major Canadian telecommunication companies. The company maintains a strong cash position with no long-term secured debt and is generating interest income from treasury holdings.