Formed in 2015, Kontrol Energy Corp (CSE: KNR) (OTCQB: KNRLF), is a company held by a group of energy veterans who believe in energy efficiency, as a ‘significant growth engine for the world economy’, in the coming decade.
Kontrol Energy believes in Smarter Energy to ensure lower costs and lower Greenhouse Gas (GHG) emissions, which are driven by three factors: A) Internet of Things (IOT), Cloud and SaaS Technology.
Kontrol Energy Corp (CSE: KNR) At The Stock Exchange
Kontrol Energy Corp stock (CSE: KNR) opened at CAD $0.58 on July 10, and closed the trading day at $0.69, up 23% or $0.11 cents with a total volume of 280,000. With a current market cap of 20.67 million, KNR closed last at $0.69 on July 10, showing an increase in accumulation in its stock.
Furthermore, shares of KNR had a 52-wk high of $0.72 and 52-wk low of $0.22.
Kontrol Energy Corp (CSE: KNR): Trading Activity
Most of Kontrol Energy Corp shares are held by its own CEO and other board members bringing the total of insider ownership to 44%. It is a company, which we can say is, “making its mark in the marketplace” and continues to pick up steam as investors begin to discover this hidden growth opportunity.
As far as KNR’s trading activity is concerned, on July 7th, 2020, Kontrol closed the second tranche of its last announced ‘Private Placement’, of which the gross proceeds were $730,000 to $1,977,000 for the total raise.
Furthermore, the company also announced that it plans and progresses to complete the acquisition of a building energy solutions provider which was supposed to close on July 6th 2020, however it is still yet to close but we believe KNR is in the final stages of completion and we expect to see the closing in the next couple of weeks.
Both of these highlights bring positivity to Kontrol’s outlook and will redeem investor’s trust in the company. These developments will add to the company’s profit, value, share price and earnings.
CEO of Kontrol Energy, Paul Ghezzi, while commenting on the company’s situation and outlook, said that he is very pleased with the interest and positive market response of buyers to Kontrol Energy’s private placements.
Furthermore, he stated that the company looks forward to completing their previously announced acquisition and growing their customer base and connecting buildings and customer base. They look forward to further dealings in the near term.
Kontrol Energy Corp (CSE: KNR): Total Revenue, Profits and Earnings
Kontrol Energy’s total revenue, as of June 1, 2020, was $2.8 million for its first quarter with $241,343 in EBITDA and gross margins saw an increase of 10%, to 61% from 51% from the same quarter the prior year.
Kontrol Energy managed to do well, despite the challenges of Covid-19 in its first quarter, which adds to its worth and outlook. The company expects continued growth by closing deals and acquisitions such as the ones mentioned above. The new acquisition is set to add approximately $3.7 million in annualized revenues and if we add the company’s previous revenues of $14.6 million to its full year of 2019, this new acquisition will now bring KNR’s annual revenues to $18.3 million.
Furthermore, the company expects a strong year for revenue and earnings in fiscal year 2020, which makes KNR a stock worth of tracking as its growth continues to propel forward.
Kontrol has announced its entry in the EU through a Memorandum of Understanding in partnership with a European Original Equipment Manufacturer in late May and they also stated that it will be working with clients to use energy software to manage heating, cooling and ventilation systems through a white labelling initiative.
Kontrol Energy is coming back strong, and it has even bigger plans for 2020 which it expects better results and returns this year.
Stay tuned for more updates as we continue to follow this amazing growth stock.
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