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Thermal Energy International Inc.

Industrials CA TMG

0.16CAD
-(-%)

Last update at 2026-03-10T19:55:00Z

Day Range

0.150.16
LowHigh

52 Week Range

0.100.20
LowHigh

Fundamentals

  • Previous Close 0.16
  • Market Cap29.02M
  • Volume44100
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA1.15M
  • Revenue TTM29.68M
  • Revenue Per Share TTM0.16
  • Gross Profit TTM 13.14M
  • Diluted EPS TTM-

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Income before tax 0.18M 1.00M 0.69M -1.74941M 0.02M
Minority interest -0.08532M -0.05266M -0.00249M -0.08285M -0.07937M
Net income 0.07M 0.93M 0.72M -1.92082M 0.20M
Selling general administrative 6.46M 10.82M 4.72M 4.58M 3.96M
Selling and marketing expenses 5.07M - 3.60M 3.61M 2.54M
Gross profit 12.34M 12.45M 9.57M 6.73M 6.75M
Reconciled depreciation 0.76M 0.72M 0.61M 0.70M 0.56M
Ebit 0.41M - 1.14M -1.41348M 0.34M
Ebitda 0.80M - 1.76M -0.71646M 0.89M
Depreciation and amortization 0.39M - 0.61M 0.70M 0.56M
Non operating income net other - - - - -
Operating income 0.41M 1.37M 1.14M -1.41348M 0.34M
Other operating expenses 29.37M - 19.95M 17.32M 15.01M
Interest expense 0.23M 0.42M 0.45M 0.34M 0.32M
Tax provision 0.02M 0.02M -0.02651M 0.09M -0.20415M
Interest income 0.06M 0.05M 0.00000M - 0.00000M
Net interest income -0.22629M -0.36748M -0.44934M -0.33594M -0.31665M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.02M - -0.02651M 0.09M -0.20415M
Total revenue 29.78M 25.88M 21.09M 15.91M 15.35M
Total operating expenses 11.94M 24.51M 8.43M 8.15M 6.42M
Cost of revenue 17.44M 13.43M 11.52M 9.18M 8.60M
Total other income expense net -0.22629M - -0.44934M -0.33594M -0.31665M
Discontinued operations - - - - -
Net income from continuing ops 0.16M 0.98M 0.72M -1.83797M 0.22M
Net income applicable to common shares 0.07M - 0.72M -1.92082M 0.20M
Preferred stock and other adjustments - - - - -
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Total assets 11.95M 16.79M 13.51M 9.60M 11.55M
Intangible assets 0.49M 0.63M 0.85M 1.03M 1.03M
Earning assets - - - - -
Other current assets - - - - -
Total liab 8.38M 13.37M 11.59M 8.55M 8.58M
Total stockholder equity 3.57M 3.46M 1.97M 1.08M 3.04M
Deferred long term liab - - - - -
Other current liab - - 2.59M 1.59M 1.98M
Common stock - - 32.53M 32.48M 32.44M
Capital stock 32.80M 33.25M 32.53M 32.48M 32.44M
Retained earnings -34.66073M -34.73390M -35.66340M -36.38136M -34.46054M
Other liab - - 0.00016M 0.00034M 0.06M
Good will - - - - -
Other assets - - 0.09M 0.02M 0.11M
Cash 2.80M 6.97M 2.81M 2.46M 4.24M
Cash and equivalents - - - - -
Total current liabilities 7.51M 10.70M 7.99M 4.24M 4.77M
Current deferred revenue - - - - -
Net debt - - 0.45M 1.47M -
Short term debt - - - - -
Short long term debt 0.33M 0.92M 0.92M 0.80M 0.85M
Short long term debt total - - - - -
Other stockholder equity - - 0.17M 0.24M 0.53M
Property plant equipment - - 1.55M 1.54M 1.82M
Total current assets 9.91M 14.21M 11.03M 7.01M 8.58M
Long term investments - - - - -
Net tangible assets - - 1.12M 0.05M 2.01M
Short term investments - - - - -
Net receivables 3.49M 3.29M 6.13M 3.16M 3.18M
Long term debt 0.00164M 1.43M 2.35M 3.14M 2.41M
Inventory 2.26M 1.85M 1.47M 1.05M 0.96M
Accounts payable 1.51M 2.43M 2.24M 0.66M 0.80M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - - -
Deferred long term asset charges - - - - -
Non current assets total 2.04M 2.58M 2.48M 2.58M 2.97M
Capital lease obligations 1.26M 1.54M 1.46M 1.37M 1.55M
Long term debt total - - - - -
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Investments -0.07773M -0.37689M -0.07770M -0.35193M -0.12539M
Change to liabilities - - 3.53M -0.47713M -1.04456M
Total cashflows from investing activities -0.07773M - -0.07770M -0.35193M -0.12539M
Net borrowings -2.38482M - -1.03962M 0.35M 0.68M
Total cash from financing activities -2.40901M -1.05643M -1.03730M 0.36M 0.89M
Change to operating activities - - - - -
Net income 0.07M 0.93M 0.72M -1.83797M 0.22M
Change in cash -4.16645M 3.97M 0.37M -1.60931M -0.53373M
Begin period cash flow 6.97M 3.00M 2.63M 4.24M 4.77M
End period cash flow 2.80M 6.97M 3.00M 2.63M 4.24M
Total cash from operating activities -1.67314M 5.40M 1.41M -1.63987M -1.18575M
Issuance of capital stock - - - - -
Depreciation 0.76M 0.72M 0.61M 0.70M 0.56M
Other cashflows from investing activities - - - - -
Dividends paid 0.06M 0.05M 0.02M 0.03M 0.00850M
Change to inventory -0.23387M -0.12133M -0.41731M -0.09530M -0.11457M
Change to account receivables -0.31600M - -3.33292M 0.06M -0.98143M
Sale purchase of stock 0.03M - -0.02720M -0.02875M -0.22130M
Other cashflows from financing activities -0.02419M - 0.03M 1.33M 1.30M
Change to netincome - - 0.29M 0.10M 0.20M
Capital expenditures 0.08M 0.38M 0.08M 0.35M 0.13M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -3.22000M 3.33M -0.21759M -0.51390M -2.14056M
Stock based compensation 0.25M 0.24M 0.22M 0.22M 0.21M
Other non cash items -2.79884M 0.37M 0.10M -0.29155M 0.17M
Free cash flow -1.75086M 5.02M 1.33M -1.99304M -1.31114M

Peer Comparison

Sector: Industrials Industry: Pollution & Treatment Controls

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
TMG
Thermal Energy International Inc.		 - -% 0.16 - 21.98 0.98 6.76 0.98 18.80
BRM
BioRem Inc.		 -0.14 5.49% 2.41 23.55 9.50 1.20 3.49 1.07 10.47
QST
Questor Technology Inc.		 - -% 0.38 - 7.89 1.25 0.47 0.68 12.14
SAY
Sparta Capital Ltd		 - -% 0.02 - - 0.37 54.09 0.58 4.12
WATR
Current Water Technologies Inc		 -0.01 50.00% 0.01 - - 7.33 10.26 10.10 21.22

Reports Covered

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Profile

Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. The company offers GEM steam traps; FLUACE-ACE heat recovery, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; and DRY-REX biomass dryer, a low temperature biomass dryer. It also provides boiler feedwater economizer, vent condenser, boiler blowdown heat recovery, heat recovery steam generator, indirect contact condensing heat recovery, and air to air heat exchange. The company serves its products to food and beverage, pulp and paper, hospital, pharmaceutical, chemicals and petrochemicals, and other industry sectors. Thermal Energy International Inc. was incorporated in 1991 and is headquartered in Ottawa, Canada.

Thermal Energy International Inc.

36 Antares Drive, Ottawa, ON, Canada, K2E 7W5

Key Executives

Name Title Year Born
Mr. William M. Crossland B. Sc, MBA Pres, CEO & Director NA
Ms. Jie Zhang Chief Financial Officer NA
Mr. Robert W. Triebe Chief Operating Officer NA
Ms. Deborah LaBarge Weinstein Corp. Sec. 1960
Mr. Vince Sands Founder & Pres of Boilerroom Equipment Inc NA
Mr. Samuel Thomas Mawby M.B.A., MEng Director of Bus. Devel. & Technology NA
Mr. William M. Crossland B. Sc, MBA President, CEO & Director NA
Ms. Jie Zhang C.A., CPA Chief Financial Officer NA
Mr. Robert W. Triebe B.Sc., P.Eng. Chief Operating Officer NA
Mr. Vince Sands P.E. Founder & President of Boilerroom Equipment Inc NA

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