Company Quick10K Filing
Plastic2Oil
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 125 $2
10-Q 2019-12-16 Quarter: 2019-09-30
10-Q 2019-09-11 Quarter: 2019-06-30
10-Q 2019-06-13 Quarter: 2019-03-31
10-K 2019-06-03 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-06-29 Quarter: 2018-03-31
10-K 2018-04-02 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-K 2017-04-07 Annual: 2016-12-31
10-Q 2016-11-21 Quarter: 2016-09-30
10-Q 2016-08-22 Quarter: 2016-06-30
10-Q 2016-05-23 Quarter: 2016-03-31
10-K 2016-04-14 Annual: 2015-12-31
10-Q 2015-11-12 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-K 2015-03-31 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-07-31 Quarter: 2014-03-31
10-K 2014-06-04 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-15 Quarter: 2012-03-31
10-K 2012-03-19 Annual: 2011-12-31
10-Q 2011-11-21 Quarter: 2011-09-30
10-Q 2011-08-22 Quarter: 2011-06-30
10-Q 2011-05-23 Quarter: 2011-03-31
10-K 2011-04-20 Annual: 2010-12-31
10-Q 2010-11-17 Quarter: 2010-09-30
10-Q 2010-08-13 Quarter: 2010-06-30
10-Q 2010-07-16 Quarter: 2010-03-31
10-K 2010-03-31 Annual: 2009-12-31
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

Annual | Quarterly

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, 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
Foothills Exploration (FTXP) 2,745 0% -0.3 -92% 13,631 24,786 3,174 0 -12,555 -10,329 2,604
Karuna Therapeutics (KRTX) 2,726 4.8 -19% 79,357 2,454 0 0 -15,140 -15,140 -72,574
Globe Net Wireless (GNTW) 2,700 -141.4 -921% 3 182 0 0 -31 -19 2,704
Concierge Technologies (CNCG) 2,681 98% -2.0 4% 21,254 4,060 20,640 20,250 861 1,840 -3,753
Transakt (TAKD) 2,670 -12.2 -162% 129 27 0 0 -209 -209 2,542
Orbital Tracking (TRKK) 2,648 16% -1.8 -60% 2,697 1,377 5,166 820 -1,621 -1,330 2,439
CUR Media (CURM) 2,551 -7.5 -108% 1,080 14,921 0 0 -1,162 -374 2,814
Enertopia (ENRT) 2,549 -7.1 -563% 64 464 0 0 -359 -358 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 -2.6 -264% 760 16,521 0 0 -2,003 -956 2,481
Artelo Biosciences (ARTL) 2,494 -1.2 -163% 1,153 1,019 0 0 -1,883 -1,883 2,208
US Neurosurgical Holdings (USNU) 2,493 0% 3.6 -7% 5,921 2,783 3,104 0 -433 242 875
YBCC (YBAO) 2,474 24% 204.4 0% 3,851 3,698 2,587 609 10 12 2,436
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 -45.5 -50% 103 0 0 0 -51 -51 2,338
CDTI Advanced Materials (CDTI) 2,402 31% 0.2 -66% 7,763 4,765 14,253 4,426 -5,095 -3,933 -852
Quantrx Biomedical (QTXB) 2,361 -4.4 -159% 440 2,156 0 0 -699 -496 2,160
Evolutionary Genomics (FNAM) 2,353 0% -3.3 -14% 4,589 976 198 0 -647 -607 2,008
Mount Tam Biotechnologies (MNTM) 2,228 -1.9 -2,095% 59 2,661 0 0 -1,230 -1,149 2,187
Electronic Systems Technology (ELST) 2,227 52% -14.5 -7% 2,027 150 1,395 722 -142 -138 2,002

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-31
Cash2,51110020410018271172
Accounts Receivable28624081170220
Inventory30724014786000
PP&E4,1156,8868,8695,1133,7761,8401,526
Assets8,63413,3639,2898,1966,8502,2761,131
Accounts Payable1,9881,6091,5111,8831,8592,0361,879
Long-Term Debt3152,5324,1350595116
Liabilities6,5223,0835,4418,36110,31212,80013,966
Stockholders' Equity10,2803,848-1,372-4,918-10,524-12,145
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-31
Revenue2,57698569343000
Cost of Revenue2,12287275298000
Gross Profit454114-58-3910140
R&D1,0494464662120
SG&A13,79012,3628,4151,215887665634
Tax0000000
Net Income-18,259-13,322-13,234-6,802-2,298-5,700-1,474
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-31
Cash Operating-6,975-10,055-7,608-1,711-1,745-830-184
Cash Investing-2,499-4,043-3,227-14-1-0-0
Cash Financing11,26215,5527,0731,7001,5851,08386