Company Quick10K Filing
Plastic2Oil
10-Q 2019-09-30 Filed 2019-12-16
10-Q 2019-06-30 Filed 2019-09-11
10-Q 2019-03-31 Filed 2019-06-13
10-K 2018-12-31 Filed 2019-06-03
10-Q 2018-09-30 Filed 2018-11-14
10-Q 2018-06-30 Filed 2018-08-14
10-Q 2018-03-31 Filed 2018-06-29
10-K 2017-12-31 Filed 2018-04-02
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-15
10-K 2016-12-31 Filed 2017-04-07
10-Q 2016-09-30 Filed 2016-11-21
10-Q 2016-06-30 Filed 2016-08-22
10-Q 2016-03-31 Filed 2016-05-23
10-K 2015-12-31 Filed 2016-04-14
10-Q 2015-09-30 Filed 2015-11-12
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-15
10-K 2014-12-31 Filed 2015-03-31
10-Q 2014-09-30 Filed 2014-11-14
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-07-31
10-K 2013-12-31 Filed 2014-06-04
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-15
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-15
10-K 2011-12-31 Filed 2012-03-19
10-Q 2011-09-30 Filed 2011-11-21
10-Q 2011-06-30 Filed 2011-08-22
10-Q 2011-03-31 Filed 2011-05-23
10-K 2010-12-31 Filed 2011-04-20
10-Q 2010-09-30 Filed 2010-11-17
10-Q 2010-06-30 Filed 2010-08-13
10-Q 2010-03-31 Filed 2010-07-16
10-K 2009-12-31 Filed 2010-03-31
8-K 2020-03-04 Other Events
8-K 2019-10-02 Enter Agreement
8-K 2019-07-30 Enter Agreement, Exhibits
8-K 2018-08-29 Enter Agreement, Exhibits
8-K 2018-08-07 Enter Agreement, Exhibits
8-K 2018-07-06 Exhibits
8-K 2018-04-26 Enter Agreement, Exhibits
8-K 2018-04-18 Officers
8-K 2018-04-14 Officers

Plastic2Oil Financials

PTOI Metrics, Comps, Filings

Quarterly | Annual

Business

We are a technology development and licensing company. We have developed technology that converts waste plastic into ultra-clean, ultra-low sulphur fuel products through our proprietary plastic-to-oil, or P2O, process. Previously, our business model was the sale of fuel produced from our own P2O processors and subsequently we sought to manufacture P2O processors for sale to commercial customers. These prior experiences allowed the Company to hone and solidify its technology, however, the capital requirements were significant. For this and other reasons, management shifted its business strategy to technology development and licensing model. We no longer produce and market fuel for sale and no longer manufacture processors ourselves, instead we rely on third party manufacturers. Under our current business model, we seek to license our technology to companies that generate significant waste plastics and desire to have a P2O processor on site to convert the plastics to useable fuel for their operations. We charge our customers for the P2O processor and related equipment, a royalty fee based on the amount of fuel generated, a licensing fee for the use of our proprietary catalyst, and a set up and service fee.

As of May 2019, we had three fully-permitted, P2O processors at our Niagara Falls, NY facility and have the capability to produce and store the fuels at, and ship from, such facility. However, it is our strategy to license our P2O technology and know-how to licensees for their use in producing fuel for their own operations directly from the waste plastics that such licensees generate from their own operations.

Of our three P2O processors, one is dedicated to research and development and two dedicated to fuel production during pilot runs for customer demonstration. We have components for two additional processors, Nos. 4 and 5, which are in process of assembly for future sale. For the reasons described in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, our three P2O processors have been idle since late December 2013 and assembly of processors #4 and #5 was suspended. In light of the change in our business model, management has determined that it only requires an operational processor to demonstrate the Company's technology. Thus, our processors are likely to remain idle or incomplete, as applicable. We currently are offering one of our processors for sale, along with certain real estate in an effort to raise operating capital


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Foothills Exploration (FTXP) 2,745 0% -0.3 -67% 13,631 24,786 2,064 0 -9,084 -8,162 2,604
Reliability (RLBY) 2,706 -229.2 -849% 2 168 0 0 -20 -12 2,704
Globe Net Wireless (GNTW) 2,700 -133.8 -948% 3 182 0 0 -32 -20 2,704
Concierge Technologies (CNCG) 2,687 85% -3.3 0% 22,283 4,963 22,268 18,934 31 1,166 -3,849
Escalon Medical (ESMC) 2,681 31% 8.9 3% 6,074 3,290 7,376 2,250 176 227 2,012
Transakt (TAKD) 2,670 -17.8 -111% 129 27 0 0 -143 -143 2,542
CUR Media (CURM) 2,551 -7.5 -108% 1,080 14,921 0 0 -1,162 -374 2,814
Enertopia (ENRT) 2,549 -5.7 -696% 64 464 0 0 -444 -443 2,535
AbTech (ABHD) 2,524 10% -0.8 -600% 695 14,816 493 51 -4,171 -3,190 2,501
Plastic2Oil (PTOI) 2,495 -3.1 -264% 732 16,922 0 0 -1,932 -855 2,636
US Neurosurgical Holdings (USNU) 2,493 0% 2.6 5% 5,353 2,100 2,324 0 242 420 1,101
YBCC (YBAO) 2,474 25% 36.4 2% 3,851 3,698 1,880 461 65 67 2,436
DDR (DDR) 2,461 0% -0.1 -6% 4,620,092 2,645,101 363,154 0 -283,260 153,686 -10,812
ZZLL Information Technology (ZZLL) 2,433 52% -121.9 -6% 329 1,112 42 21 -20 -20 2,424
Morgan Group Holding (MGHL) 2,430 -35.6 -74% 89 18 0 0 -66 -66 2,350
Amplitech (AMPG) 2,417 51% 128.7 -0% 3,756 2,733 2,018 1,035 -11 25 3,211
CDTI Advanced Materials (CDTI) 2,402 31% 0.2 -66% 7,763 4,765 14,253 4,426 -5,095 -3,933 -852
Alpine 4 Technologies (ALPP) 2,373 25% 2.8 -4% 26,273 37,478 20,690 5,148 -1,162 2,666 7,436
Quantrx Biomedical (QTXB) 2,361 -13.3 -81% 384 2,200 0 0 -309 -166 2,206
Evolutionary Genomics (FNAM) 2,353 0% -4.2 -12% 4,432 975 116 0 -538 -508 2,135

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-12-312014-06-302014-09-302014-12-312015-06-302015-09-302015-12-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302019-03-312019-06-302019-09-30
Cash4,0942,4082,5113766,4302,7643,9663,9631,07820463201801004118394271151488348172123229431141
Accounts Receivable595369286304225227240145598104022133300229000
Inventory28639130720530158240290492147126111868686000
PP&E2,8843,4534,1155,1767,0427,4898,1838,71710,7158,8696,5948,6127,2827,2827,2726,6136,6134,3041,8401,6621,6161,5711,5261,4811,4391,396825825825
Assets9,3767,8188,6347,26414,37911,33013,36314,16812,4799,2898,4748,1948,1967,9416,3796,8505,0843,9602,2762,0412,2812,0701,8211,6871,5221,531794760732
Accounts Payable1,5021,3881,9882,3581,0266271,6099321,8871,5111,8591,8671,8831,8421,8621,8591,8811,8682,0362,0411,9821,9121,8791,8641,8571,8541,8481,8741,881
Long-Term Debt5585293293253383323272,5562,8122,6494,1355,0836,19807,092595615634116197124126142
Liabilities3,0772,7526,5224,7552,4111,8733,0832,3433,2155,4416,3117,0008,3619,6669,97510,31211,40911,91312,80012,96513,25213,64713,96614,33314,64215,21816,02916,52116,922
Stockholders' Equity10,28011,8259,2643,8482,1631,194-1,372-3,067-3,595-4,918-6,325-7,953-10,524-10,924-10,971-11,576-12,145-12,647-13,120-13,687-15,236-15,761-16,190
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-12-312014-06-302014-09-302014-12-312015-06-302015-09-302015-12-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302019-03-312019-06-302019-09-30
Revenue53579263463326031919712864310060022
Cost of Revenue43849270551824032816013903142402008
Gross Profit97300-701165320-837-11611-516040014
R&D220390152020444109148750000000
SG&A4,3303,1264,3223,0173,9332,8222,6952,4572,20361815322119824813112626918520215415314111710410810635
Tax0000000000000000000000000000
Net Income-6,504-3,719-5,276-2,828-4,052-2,996-2,715-3,056-1,0180-6,802-1,235-849-1,380-613-1,652-2,766-4032,004-528-594-570-529-526-472-477-457
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-12-312014-06-302014-09-302014-12-312015-06-302015-09-302015-12-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302019-03-312019-06-302019-09-30
Cash Operating-1,588-1,618-3,297-2,890-2,250-2,976-1,801-477-583-374-339-153-221-266398-140-176-285-1526-145-91-79
Cash Investing-643-1,263-1,548-701-532-1,025-1,08590-41-238-0-0-0-0-0-010100000
Cash Financing84974510,899-753,9833,9980345784368280243399147-61007801751287668