CLEANTEK Industries Inc

TSXV:CTEKCanadaView on OTC Pink - Current Information

Apr 15, 2024

Show headlines and story abstract

• Cleantek Industries Inc. Announces Fourth Quarter 2023 Results, from 8:17PM ET on Monday Apr 15, 2024 by Newsfile

  8:17PM ET on Monday Apr 15, 2024 by Newsfile
  Companies Mentioned: GLKFF

  Calgary, Alberta--(Newsfile Corp. - April 15, 2024) - Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company") is pleased to announce its fourth quarter and annual 2023 financial and operational results. Cleantek is an innovative provider of patented, clean technology solutions focused on reducing both cost and carbon intensity in the wastewater management and industrial lighting sectors across North America.

• Cleantek Industries Inc. Announces Fourth Quarter 2023 Results, from 8:17PM ET on Monday Apr 15, 2024 by Dow Jones

  8:17PM ET on Monday Apr 15, 2024 by Dow Jones
  Companies Mentioned: CTEK
  
  (1) Management considers EBITDA and adjusted EBITDA key metrics in analyzing operational performance and the Company's ability to generate cashflow. EBITDA is measured as net income (loss) before interest, tax, depreciation and amortization. Adjusted EBITDA is measured as EBITDA adjusted for share-based compensation and unusual items not representative of ongoing business performance such as litigation expenses and settlements and the impact of unrealized foreign exchange gains and losses.. Working capital (or also referred to as net current assets/liabilities) for Cleantek is calculated as current assets less current liabilities per the statement of financial position. These items are not defined and have no standardized meaning under IFRS. Presenting these items from period to period provides management and investors with the ability to evaluate earnings trends more readily in comparison with prior periods' results. Please see "Non-IFRS Measurements" for further discussion of these items, and where applicable, reconciliations to measures calculated in accordance with IFRS.