Socially Responsible Investing
2023 Fiscal Highlights
Revenue increased by 410% from $3.83 million in F2022 to $19.54 million in F2023
Operating cash flow increased by $3.80 million from $2.19 million used in F2022 to $1.61 million generated from operations in F2023
Gross margin increased from 12.6% in F2022 to 26.2% in F2023
Net loss of $1.16 million in F2023 – includes $0.87 million in research and development expenditures
Cash on hand was $0.70 million on April 30, 2023, plus $3.6 million in unused credit facilities to fund growth
$14.95 million of Property, Plant, and Equipment assets used to generate revenues and develop the next generation of low carbon and carbon sequestering products expected to position us for long-term revenue growth and profitability
5 REASONS TO INVEST
It’s hard to go a day without seeing something about climate change and food insecurity with cement and agriculture industries being at the forefront of the news as heavy emitters and unsecure industries that need solutions.
Each of these are multi-billion dollar challenges in Canada alone, with a total addressable market size in North America of more than $100 billion and growing.
Progressive Planet is a manufacturing company with proven product lines, but at our core, we are an innovation company developing critical low-carbon and carbon sequestering solutions for the cement and agricultural industries. Our base business generates meaningful cashflows to fund innovation and commercialization.
IP protected by mix of patents, patents pending, trademarks, and trade secrets.
Global licensing strategy of key innovations as key revenue driver while limiting capital costs of expansion.
Proven success with strategic acquisition strategy through acquisition of our base business that has ability to increase capacity of operations by 800% within existing buildings.
Supply products to more than 10,000 retail locations today, providing ready market access across North America for launching new cement and agriculture products.
Experienced team produces and ships more than million packaged products annually and growing through this distribution network today.
Major partnerships with LafargeHolcim (world’s largest cement company) and key agricultural players in the Canadian Prairies are driving commercial introduction of key innovations as early as 2023.
PozGlass pilot plant targeting operations in 2024 with global licensing potential as early as 2025.
TSXV:PLAN
Progressive Planet Solutions is publicly traded on the TSX Venture Exchange under the ticker ‘PLAN’. The stock price for today and historical share prices are provided for informational purposes only and are not intended for trading purposes.
Latest News
Progressive Planet Reports Record Q2 Results: $903K EBITDA vs. $205K Last Year and $2.9M Cash on Hand as of October 31, 2024
Progressive Planet Reschedules Annual General Meeting
Progressive Planet improves cash position to over $2.5 million, buys back an additional 696,000 shares
Progressive Planet continues share buyback program
Progressive Planet demonstrates strong start with profitable Q1 following year of cost control implementation and continued improvements versus prior year Q1 EBITDA improves to $743K from $(113K) in prior year
Progressive Planet announces annual financial results EBITDA improves to $1.355 million from $308,000 and operating cash flow increases to $2.57 million from $1.61 million
Progressive Planet is a manufacturing company with proven product lines, but at our core, we are an innovation company developing critical low-carbon and carbon sequestering solutions for the cement and agricultural industries.
Additional Contacts
Auditor
KPMG LLP
PO Box 10426 777 Dunsmuir Street
Vancouver BC V7Y 1K3
Canada
Transfer Agent
Computer Share
510 Burrard Street
Vancouver, BC, Canada V6C 3B9
Legal Counsel
Richards Buell Sutton LLP, Barristers and Solicitors
700 – 401 West Georgia Street
Vancouver, BC, Canada, V6B 5A1