Company Quick10K Filing
MTech Acquisition
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 2 $22
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-03-14 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
8-K 2019-06-17 Shareholder Vote, Other Events, Exhibits
8-K 2019-06-07 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-06-05 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-05-21 Other Events, Exhibits
8-K 2019-05-16 Other Events, Exhibits
8-K 2019-04-17 Enter Agreement, Exhibits
8-K 2019-02-19 Off-BS Arrangement, Exhibits
8-K 2018-11-26 Other Events, Exhibits
8-K 2018-11-12 Other Events, Exhibits
8-K 2018-11-09 Other Events, Exhibits
8-K 2018-10-15 Other Events, Exhibits
8-K 2018-10-10 Enter Agreement, Regulation FD, Exhibits
8-K 2018-02-16 Other Events, Exhibits
8-K 2018-02-08 Other Events, Exhibits
8-K 2018-02-01 Other Events, Exhibits
8-K 2018-01-29 Sale of Shares, Amend Bylaw, Other Events, Exhibits

MTech Acquisition Financials

MTEC Metrics, Comps, Filings

Annual | Quarterly

Business

References in this report to "we," "us" or "our company" refer to MTech Acquisition Corp. References in this report to our "public shares" are to shares of our Class A common stock sold as part of the units sold in our initial public offering (whether they were purchased in such offering or thereafter in the open market) and references to "public stockholders" refer to the holders of our public shares, including our sponsor (as defined below), officers and directors to the extent they purchase public shares, provided that their status as "public stockholders" shall only exist with respect to such public shares. References in this report to our "management" or our "management team" refer to our officers and directors, references to our "sponsor" refer to MTech Sponsor LLC. Our chairman, Steven Van Dyke, and our president and one of our directors, Scott Sozio, are the managing members of one of our sponsor's managing members and each of our officers and directors is a member of our sponsor or owns, indirectly, membership interests in our sponsor through a managing member entity.

We are a blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Our initial business combination and value creation strategy will be to acquire and, after our initial business combination, assist in the growth of a business ancillary to the cannabis industry, with a particular sector focus that includes compliance, business intelligence, brand development and media. However, we are not limited to this industry and, if the Merger (defined below) is not consummated, we may pursue a business combination opportunity in any business or industry we choose and we may pursue a company with operations or opportunities outside of the United States.

Although the cannabis industry has evolved significantly and continues to mature, we believe the industry is still undercapitalized and companies operating across multiple verticals consistently have trouble accessing capital from traditional resources. Financing of businesses that operate within the legal cannabis industry in the U.S. has relied largely on private money - friends and family, high net-worth individuals and small-to-medium-sized private investment firms. Institutional investors have shied away from companies in the cannabis industry, especially those that are directly involved in the production, distribution and sale of cannabis (businesses that "touch the plant"), which we do not intend to target. Even businesses that do not "touch the plant" and instead provide ancillary services to the industry, for the most part, have found it extremely difficult to access capital. The federal prohibition on cannabis has led to a situation in which small investors and venture funds have become the industry's financial backbone. As a result, we believe we have the opportunity to create a compelling structure that will enable the right target company to go public and access the capital it needs in order to accelerate its organic growth and also create additional stakeholder value as a well-capitalized acquirer in an industry defined by undercapitalized competition. We will not invest in an entity or assets which violate, or aid and abet the violation, of federal law.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Support.com (SPRT) 42,869 28% -3.5 -12% 57,116 6,769 52,824 14,813 -6,634 -6,143 21,405
Innodata (INOD) 32,959 0% 6.0 -1% 52,600 22,655 56,361 0 -361 4,101 24,650
Perion Network (PERI) 30,768 0% 256,446 107,665 0 0 0 0 -10,035
Widepoint (WYY) 26,280 18% 34.1 -1% 53,815 28,964 90,065 16,481 -446 613 20,858
Streamline Health Solutions (STRM) 25,363 0% -10.3 -13% 31,551 16,540 15,519 0 -4,069 -2,805 28,865
MTech Acquisition (MTEC) 22,301 134.9 0% 58,739 53,739 0 0 68 165 22,294
Net Element (NETE) 18,434 8% -9.2 -27% 23,251 16,548 64,874 5,155 -6,261 -2,644 24,358
Marin Software (MRIN) 16,160 56% -0.2 -66% 49,431 25,876 54,902 30,543 -32,465 -26,698 5,303
iPass (IPAS) 14,270 37% -0.9 -114% 16,173 23,711 44,479 16,497 -18,481 -18,456 16,456
Evolving Systems (EVOL) 10,824 68% -0.3 -88% 26,690 16,190 20,373 13,911 -23,529 -21,357 5,514
TSR (TSRI) 10,791 16% -4.6 -10% 12,534 5,646 63,340 9,825 -1,307 -1,539 7,096
Sphere 3D (ANY) 3,685 35% -0.2 -170% 9,912 18,640 -25,786 -9,112 -16,892 -15,050 3,534
Inpixon (INPX) 2,686 83% -0.0 -96% 23,886 12,143 4,375 3,639 -22,844 -21,787 968
Creative Realities (CREX) 24 46% -1.0 -19% 35,877 18,290 29,676 13,533 -6,843 -4,313 4,101
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Bilibili (BILI)
Akerna (KERN)
Phunware (PHUN)

Balance Sheet ($'000)2018-12-31
Cash4
Accounts Receivable
Inventory
PP&E
Assets58,475
Accounts Payable
Long-Term Debt
Liabilities53,475
Stockholders' Equity5,000
Income Statement ($'000)2018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax76
Net Income-30
Cash Flow ($'000)2018-12-31
Cash Operating-609
Cash Investing-57,500
Cash Financing58,088