Tantalus Systems Holding Inc.

Tantalus Systems Holding Inc.

TNTLF
Tantalus Systems Holding Inc.US flagOther OTC
1.19
USD
-0.09
- -
60.63MMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.8
0.89
0.95
- -
0.92
Basic EPS, GAAP
-0.17
-0.12
-0.04
- -
-0.04
Free Cash Flow per Basic Share
-0.11
-0.08
-0.02
- -
-0.09
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
-0.88
-0.88
-0.92
- -
-0.96
Tangible Book Value per Share
0.16
-0.15
-0.16
- -
-0.19
Basic Weighted Avg Shares
40
44
45
- -
45
Sales/Revenue/Turnover
32
40
42
44
41
Operating Margin (%)
-19.4
-14.37
-5.43
-2.85
-5.43
Depreciation Expense
2
2
2
2
2
Net Income, GAAP
-7
-5
-2
-3
-2
Effective Tax Rate (%)
- -
- -
- -
- -
- -
Profit Margin (%)
-21.82
-13.12
-4
-5.93
-3.9
Working Capital
5
-7
-5
2
-7
LT Debt
3
4
5
7
5
Total Equity
7
4
2
7
1
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
8
9
10
LT Borrowings
3
3
3
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
29
25
43

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
23
22
23
Cash, Cash Equivalents & STI
4
5
5
Accounts Receivable, Net
8
8
10
Inventories
8
7
6
Total Current Liabilities
30
27
30
Payables & Accruals
14
14
10
ST Debt
8
9
10
Deferred Revenue
3
4
8

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
199.33%
Free Cash Flow
- -
- -
-300.91%
Net Income, GAAP
- -
- -
55.93%
Sales/Revenue/Turnover
- -
- -
5.13%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
9
9
9
12
40
2023
10
11
10
10
42
2024
9
12
13
- -
44

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.04
-0.05
-0.03
- -
-0.12
2023
-0.04
-0.02
-0.02
- -
-0.04
2024
-0.03
-0.01
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Peter A. Londa MBA
Full Time Employees
134
Sector
Industrials
Industry
Electrical Equipment & Parts
Address
3555 Gilmore Way Burnaby BC Canada V5G 0B3
IPO Date
Sep 15, 2021
Business
Tantalus Systems Holding Inc. provides smart grid solutions that enable utilities to modernize distribution grids through data interoperability across devices and systems. The company offers the Tantalus Grid Modernization Platform (TGMP), comprising intelligent connected devices including TRUSense Ethernet Gateways and TRUConnect AMI smart meters for multi-commodity utilities; industrial Internet-of-Things communications networks; edge-computing endpoints; TRUFlex Load+DER Management for residential and commercial loads; TRUGrid Automation suite with artificial intelligence-enabled analytics for power quality and asset management; TRUSync for data integration across vendors; and enterprise software applications for substation, distribution, metering, and distributed energy resources. Tantalus operates primarily in Canada and the United States, serving public power and electric cooperative utilities, with segments in Connected Devices and Infrastructure, and Utility Software Applications and Services. Founded in 1989 and headquartered in Burnaby, British Columbia, the company maintains offices in Raleigh, North Carolina, and Norwalk, Connecticut. Recent developments include the commercialization of TRUSense Gateway solutions, highlighted by a July 2025 agreement with EPB in Chattanooga, Tennessee, for up to 20,000 Ethernet Gateways over five years alongside metering upgrades; a $10 million bought deal financing completed in May 2024 to support research, development, sales, and working capital; and third-quarter 2025 results showing 11% year-over-year annual recurring revenue growth to $13.5 million.

Company News

APIChat
  • Tantalus Systems Holding Inc. Reports First Quarter 2026 Financial Results

  • Tantalus Systems Announces Appointment of Christopher Allen as Chief Operating Officer and Executive Vice President of Solution Strategy

  • Tantalus to Report Fourth Quarter and Year End 2024 Audited Financial Results on March 19, 2025

  • Tantalus Begins Trading on the OTCQX Best Market Under Symbol TNTLF

  • Tantalus Systems Announces Appointment of Azim Lalani as Chief Financial Officer

  • Tantalus Systems Expands Its Board of Directors

  • Tantalus Systems Holding Inc. Reports Financial Results for Three and Nine Months Ended September 30, 2024

  • Tantalus Systems Holding Inc. Reports Financial Results for Q2 and First Half of 2024

  • Tantalus Systems Announces Voting Results for Annual General Meeting

  • Tantalus to Report Second Quarter 2024 Financial Results on August 6, 2024

  • Tantalus Systems Holding Inc. Completes $10 Million Bought Deal Financing

  • Tantalus Systems Holding Inc. Reports Financial Results for Q1 of 2024

  • Tantalus Systems Holding Inc. Reports Financial Results for Q4 and Fiscal Year of 2023