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Kontrol Technologies Corp. announces a new Normal Course Issuer Bid program to repurchase up to 2,886,883 common shares over 12 months starting April 5th, 2024. The company aims to enhance shareholder value and liquidity through this initiative.
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End-of-Day
-9.64%
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Kontrol Technologies Corp. reports positive annual performance with revenue, gross profit, earnings, and cash flow increasing. The company achieved $18.8 million in revenues for the year 2023, up 16% from the prior year. Gross profit was $11.6 million, showing a 32% increase. Adjusted EBITDA reached $3.6 million. Kontrol also completed the sale of ORTECH Consulting Inc. for $6.1 million.
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Rhea-AI Sentiment
End-of-Day
-10.27%
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Rhea-AI Summary
Kontrol Technologies Corp. announces successful de-leveraging and amended credit agreement, positioning the company for strategic growth in 2024.
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Rhea-AI Sentiment
End-of-Day
15.62%
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Kontrol Technologies Corp. provides a corporate update for February 2024, including new Ethylene Oxide analyzer orders and positive results for its Kilne probe technology. The company received $130,000 in funding for technology development, showcasing significant improvements in power consumption, facility footprint, and unscheduled downtime. Kontrol is focused on deleveraging and transitioning to a traditional lending agreement in Q1 2024.
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Rhea-AI Sentiment
End-of-Day
-5.56%
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Kontrol Technologies Corp. announces the successful pilot of its new technology solution for the cement industry, receiving an initial order from a pilot customer. The company has received $130,000 CAD in government funding and reduced its secured debt obligations from $11 million to $5.5 million, with approximately $3.2 million cash on hand. The company also anticipates a positive recovery of approximately $300,000 from the bankruptcy of its subsidiary Global HVAC.
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Rhea-AI Sentiment
End-of-Day
11.11%
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Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) has completed the sale of its operating subsidiary ORTECH Consulting for $6.1 Million plus working capital of approximately $600,000, less closing costs. The sale aligns with the Company’s strategic plan for 2024 to focus on equipment and technology sales in the industrial and commercial building sector. The Company will receive $6.1 million in cash less an indemnity holdback of $300,000 and will collect working capital over a period of approximately 3 months. Kontrol Technologies Corp. begins 2024 with significant cash on hand, a clear path to improving the balance sheet, and a continued strategic focus on recurring and high margin revenue growth.
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Rhea-AI Sentiment
End-of-Day
15.62%
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Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) adds a carbon sequestration monitoring Customer to its industrial emissions platform. The company will provide real-time monitoring for its Customer to support the development and integration of carbon sequestration solutions at a large industrial facility in Ontario, Canada. According to Natural Resources Canada, the global momentum in the carbon management sector has grown substantially, with over 570 carbon capture, utilization, and storage (CCUS) projects in development. Kontrol Technologies Corp. is a Canadian public company, a leader in smart buildings and cities through IoT, Cloud, and SaaS technology.
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Rhea-AI Sentiment
End-of-Day
-3.23%
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Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) provides a corporate update on its progress towards its 2023 strategic objectives. The update includes positive net income from continued operations, cost reductions, and expansion into new growth markets. The company will consolidate and rebrand its commercial building sector operations, expand its regulated emission business, and has entered a Letter of Intent to sell its operating subsidiary for approximately $6.6 Million CAD.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.11%
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Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) announces positive Third Quarter, 2023 financial results, with increased revenue, gross profit, earnings, and positive cash flow from operations. The company also reduced debt levels and improved the balance sheet. Key financial highlights include positive cash flows from operating activities, $4.5 million in revenues for Q3 2023, and a 32% increase in revenues over the same quarter in the prior year.
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Rhea-AI Sentiment
End-of-Day
8.11%
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Rhea-AI Summary
Kontrol Technologies Corp. has added a new industrial customer for real-time air and water quality monitoring across petro chemical facilities in Ontario, Canada. This will generate approximately $1.1 million in recurring revenues over a three-year period, with potential for additional revenue from individual projects, improvements, or upgrades. The customer will remain unnamed for competitive reasons.
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Rhea-AI Sentiment
End-of-Day
1.23%
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KONTROL TECHNOLOGIES CORP
OTC:KNRLF
KNRLF Rankings
KNRLF Stock Data
14.55M
45.76M
11.36%
Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
Manufacturing
United States of America
Concord