Enablence Technologies, $0.25, symbol ENA on Toronto (Shares outstanding: 254.7 million; Market cap: $63.7 million), designs and makes optical components that help deliver voice, video and data services for homes with fibre-optic connections. The company is based in Ottawa.
Enablence posted revenue of $12.6 million in the three months ended July 31, 2009. That’s up 64.9% from a year earlier. The company lost $6.9 million, or $0.03 a share. A year earlier, it lost $6.8 million, or $0.04 a share, on fewer shares outstanding. Enablence’s $5.2-million debt is 8.2% of its $63.7-million market cap.
Enablence’s technology appears promising. However, it needs to spend heavily on research and marketing to keep ahead of the competition. The company raised $13 million in a share issue in May 2009. That gave it cash of $15 million, or $0.06 a share, as of July 31.
However, Enablence is using up its cash at a rate of over $5.5 million per quarter, so it is likely near…
Privacy Policy and Terms of Use
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