Tuesday, May 03, 2022
TAAL Distributed Information Technologies (TAALF)
Reports 4Q21 Results
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
4Q21 Results. TAAL had previously pre-announced 4Q revenue in the $13.75-$14.25 million (CAD) range. Actual revenue came in at $14.7 million, with income before value adjustments of $8.1 million, and net income of $832,100, or $0.02 per share. We had projected revenue of $13.55 million, income before value adjustments of $8.9 million, and net income of $2.6 million, or $0.06 per share.
New Brunswick Facility Sale. TAAL has completed the sale of the New Brunswick facility purchased in December. TAAL will receive $24 million for the facility, which it will lease back. The purchaser has agreed to invest $20 million to upgrade the facility to host hashing operations. The net proceeds from the sale provides TAAL substantial liquidity.…
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
