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Kontrol Technologies Corp (KNRLF) is a leading provider of smart energy management solutions for a sustainable future. The company specializes in IoT technology, energy efficiency, and emission reduction. With a focus on innovation and environmental stewardship, Kontrol Technologies is revolutionizing the way businesses and organizations manage their energy consumption. Their cutting-edge solutions help clients optimize energy usage, reduce costs, and minimize their carbon footprint.
Through strategic partnerships and a commitment to research and development, Kontrol Technologies is at the forefront of the green technology revolution. The company's products and services are designed to help customers achieve energy savings, improve operational efficiency, and meet sustainability goals. Kontrol Technologies is dedicated to creating a cleaner, greener planet for future generations.
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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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Kontrol Technologies Corp. announces successful de-leveraging and amended credit agreement, positioning the company for strategic growth in 2024.
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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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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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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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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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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.
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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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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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Kontrol Technologies Corp. will report its third quarter 2023 financial results on November 14th, 2023. The company is a leader in smart buildings and cities, providing IoT, Cloud, and SaaS technology solutions to improve energy management and accelerate sustainability.
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FAQ
What is the current stock price of KONTROL TECHNOLOGIES (KNRLF)?
The current stock price of KONTROL TECHNOLOGIES (KNRLF) is $0.135 as of November 22, 2024.
What is the market cap of KONTROL TECHNOLOGIES (KNRLF)?
The market cap of KONTROL TECHNOLOGIES (KNRLF) is approximately 9.6M.
What does Kontrol Technologies Corp do?
Kontrol Technologies Corp is a leading provider of smart energy management solutions that help businesses and organizations optimize energy usage, reduce costs, and minimize their carbon footprint.
What is the focus of Kontrol Technologies?
Kontrol Technologies specializes in IoT technology, energy efficiency, and emission reduction, with a commitment to innovation and environmental stewardship.
How does Kontrol Technologies help clients?
Kontrol Technologies offers cutting-edge solutions that help clients achieve energy savings, improve operational efficiency, and meet sustainability goals.
What sets Kontrol Technologies apart?
Kontrol Technologies stands out for its strategic partnerships, commitment to research and development, and dedication to creating a cleaner, greener planet.
What are the benefits of Kontrol Technologies' products and services?
Kontrol Technologies' products and services are designed to help customers optimize energy consumption, reduce costs, and enhance environmental sustainability.
How is Kontrol Technologies contributing to a sustainable future?
Kontrol Technologies is revolutionizing the way businesses manage energy consumption, with a focus on innovation and environmental responsibility.
What industries does Kontrol Technologies serve?
Kontrol Technologies serves a wide range of industries, including commercial, industrial, and institutional sectors, with tailored energy management solutions.
What is Kontrol Technologies' vision for the future?
Kontrol Technologies is committed to creating a cleaner, greener planet for future generations through its innovative smart energy management solutions and environmental initiatives.
How can businesses benefit from partnering with Kontrol Technologies?
Businesses that partner with Kontrol Technologies can expect to achieve energy savings, improve operational efficiency, and enhance their sustainability efforts.
What are Kontrol Technologies' core values?
Kontrol Technologies is driven by a commitment to excellence, innovation, sustainability, and environmental stewardship in all aspects of its business operations.
KONTROL TECHNOLOGIES CORP
OTC:KNRLF
KNRLF Rankings
KNRLF Stock Data
9.56M
49.83M
11.78%
Information Technology Services
Technology
United States of America
Vaughan