SNRG
SusGlobal Energy Corp.0.0500
+0.0190+61.3%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.12MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
SusGlobal Energy eked out $26K in Q2 revenue from carbon credits, down sharply from zero last year as operations halted in January over MECP compliance orders at the Belleville facility. Gross loss narrowed to $82K from $228K, while operating expenses flipped to a $77K gain, fueled by a hefty $768K foreign exchange boost from a stronger Canadian dollar—yet net loss widened to $819K, dragged by $731K in convertible note revaluations and a $83K legal provision. Cash inched to $9K, but debt ballooned to $37.8M amid defaults on all but one mortgage, with the Hamilton site still unsold. Free cash flow not disclosed in the 10-Q. Regulatory hurdles loom large.
10-Q
Q1 FY2025 results
SusGlobal Energy's Q1 FY2025 revenue dipped to $6,345 from $38,575 y/y, reflecting the Belleville Facility's closure since January 2024 amid MECP compliance orders, while costs surged 67.5% to $450,720 on repairs and maintenance, yielding a gross loss of $444,375—up 92.8% y/y. Operating expenses fell 40.1% to $709,930, trimming the operational loss to $1,154,305 from $1,414,300, but other expenses ballooned to $727,353 on a $618,755 fair-value hit to convertible notes and a $108,598 provision for litigation, driving net loss to $1,881,658 or $0.01 per diluted share on 134,065,351 shares. Cash dwindled to $953 with operating outflows of $121,409, offset by $120,000 in private placement equity; total debt hit $21,357,826 in past-due mortgages and $12,707,666 in defaulted convertible notes, alongside a $35,167,772 working capital deficit. The Hamilton Facility remains listed for sale at $5,564,800, yet regulatory hurdles from MECP orders loom large.
10-K
FY2024 results
SusGlobal Energy Corp. wrapped FY2024 with revenue of $79,886, a sharp 87% drop from $610,461 in 2023, as the Belleville facility halted waste intake after January 10 amid MECP compliance orders for ammonia levels, stormwater fixes, and waste cleanup. This Q4 standstill exacerbated the annual net loss to $7.9 million from $8.2 million, with costs of sales at $1.3 million despite no operations, driven by ongoing repairs and depreciation. Q4 momentum stalled completely, contrasting Q1's brief activity before shutdown, while foreign exchange losses swelled to $1.2 million on a weakening CAD. Liquidity remains dire with $33.5 million in current liabilities against $69,000 in assets, no revolver, and $21.7 million debt in default; recent auctions yielded minor gains from asset disposals. No annual guidance disclosed. Regulatory non-compliance risks further delaying facility restart.
10-Q
Q3 FY2024 results
SusGlobal Energy Corp. posted no revenue in Q3 FY2024 ended September 30, 2024, down from $186.9K y/y, as its Belleville Facility halted waste intake in January to tackle MECP compliance issues like ammonia levels and stormwater fixes. Gross loss widened to $271.7K from $6.2K y/y, driven by elevated equipment and repair costs, while operating expenses dropped 40% to $640.9K, thanks to no stock-based comp and a $407K foreign exchange gain. Net income flipped to $256.9K from a $1.2M loss, boosted by $1.3M adjustment from a settled investor claim. Cash edged up to $53.5K, but debt hit $9.5M all current with defaults, and the Hamilton site went up for sale. Regulatory hurdles loom large.
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