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Hillcrest Energy Technologies Ltd. engages in developing power conversion technologies and digital control systems for powertrains and grid-connected renewable energy systems in Canada and Europe. It offers electric vehicle traction inverters, power modules, grid power conversion systems, and powertrain solutions, as well as develops a zero-voltage switching inverter technology platform. The company was formerly known as Hillcrest Petroleum Ltd. and changed its name to Hillcrest Energy Technologies Ltd. in April 2021. Hillcrest Energy Technologies Ltd. was incorporated in 2006 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Hillcrest Energy Technologies Ltd. (HEAT.CN) are limited and filings give few operational details beyond its identification as an energy-technology company. If it operates in energy technology, long-term drivers may include decarbonization, electrification and industrial-efficiency demand; investors may value exposure to those trends but should verify company assets and strategy.
Principal risks include execution and financing challenges common to small-cap energy-technology firms, likely thin trading liquidity, and exposure to competitive, regulatory and commodity-related developments that could impede commercial progress.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -10.77M | -8.08M | -6.35M | -10.97M | -2.25M |
| Net income | -10.96M | -8.14M | -6.36M | -13.20M | -2.25M |
| Selling general administrative | 8.36M | 5.84M | 4.87M | 10.30M | 2.07M |
| Gross profit | - | - | - | 0.03M | -0.09M |
| Reconciled depreciation | 0.32M | 0.29M | 0.24M | 0.06M | 0.16M |
| Operating income | -10.72M | -8.27M | -6.55M | -10.93M | -2.16M |
| Interest expense | 0.16M | 0.02M | 0.03M | 0.03M | 0.13M |
| Net interest income | -0.16M | -0.02M | -0.03M | -0.03M | -0.13M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.70M |
| Total operating expenses | 10.72M | 8.27M | 6.55M | 10.93M | 2.86M |
| Cost of revenue | - | - | - | 0.60M | 0.78M |
| Total other income expense net | 0.11M | 0.21M | 0.22M | -0.02M | 0.04M |
| Net income from continuing ops | -10.77M | -8.08M | -6.35M | -10.97M | -2.25M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 2.96M | 2.71M | 3.12M | 6.63M | 1.81M |
| Other current assets | 0.11M | 0.08M | 0.07M | 0.17M | 0.10M |
| Total liab | 4.07M | 1.59M | 0.69M | 1.39M | 2.24M |
| Total stockholder equity | -1.11M | 1.12M | 2.43M | 5.25M | -0.43M |
| Other current liab | 0.44M | - | - | - | - |
| Capital stock | 43.98M | 35.95M | 30.61M | 29.20M | 12.43M |
| Retained earnings | -53.97M | -43.01M | -34.88M | -28.52M | -15.32M |
| Cash | 0.02M | 0.07M | 0.46M | 3.69M | 0.68M |
| Total current liabilities | 3.84M | 1.13M | 0.39M | 0.71M | 1.77M |
| Net debt | 1.88M | - | - | - | - |
| Short long term debt | 1.90M | - | - | - | 0.24M |
| Total current assets | 0.96M | 0.53M | 0.91M | 4.43M | 1.08M |
| Long term investments | - | 0.03M | 0.00M | - | - |
| Net receivables | 0.03M | 0.06M | 0.02M | 0.04M | 0.12M |
| Accounts payable | 1.27M | 0.97M | 0.22M | 0.31M | 1.25M |
| Non currrent assets other | 0.03M | 0.01M | 0.01M | 0.04M | - |
| Non current assets total | 2.00M | 2.18M | 2.21M | 2.20M | 0.73M |
| Capital lease obligations | 0.32M | 0.26M | 0.11M | 0.18M | 0.11M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | 0.00M | -0.02M | -0.05M | -2.36M | -0.18M |
| Net borrowings | 1.66M | -0.10M | -0.09M | -0.31M | - |
| Total cash from financing activities | 7.49M | 4.21M | 2.25M | 10.02M | 2.39M |
| Net income | -10.96M | -8.14M | -6.36M | -13.20M | -2.25M |
| Change in cash | -0.03M | -0.38M | -3.23M | 3.21M | 0.63M |
| Begin period cash flow | 0.07M | 0.46M | 3.69M | 0.48M | 0.04M |
| End period cash flow | 0.04M | 0.07M | 0.46M | 3.69M | 0.68M |
| Total cash from operating activities | -7.52M | -4.57M | -5.43M | -4.45M | -1.57M |
| Issuance of capital stock | 4.94M | 3.83M | 0.00M | 5.90M | 0.96M |
| Depreciation | 0.32M | 0.29M | 0.24M | 0.06M | - |
| Change to account receivables | 0.04M | -0.05M | 0.03M | 0.04M | -0.03M |
| Capital expenditures | 0.00M | 0.02M | 0.19M | 0.81M | 0.18M |
| Change in working capital | -0.20M | 0.74M | 0.16M | -0.51M | -0.01M |
| Stock based compensation | 2.98M | 2.23M | 1.15M | 6.75M | 0.42M |
| Other non cash items | 0.16M | 0.30M | -0.23M | 0.61M | 0.02M |
| Free cash flow | -7.52M | -4.60M | -5.62M | -5.26M | -1.76M |
Sector: Technology Industry: Electronic Components
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HEAT Hillcrest Energy Technologies Ltd. |
- -% |
0.09 | - | - | 40.81 | 7.38 | 41.05 | -3.24 |
| ZTE ZTEST Electronics Inc |
- -% |
0.41 | 7.75 | - | 1.34 | 1.75 | 0.83 | 3.58 |
| WIFI American Aires Inc |
- -% |
0.03 | - | - | 0.15 | 9.90 | 0.23 | -1.39 |
Hillcrest Energy Technologies Ltd. engages in developing power conversion technologies and digital control systems for powertrains and grid-connected renewable energy systems in Canada and Europe. It offers electric vehicle traction inverters, power modules, grid power conversion systems, and powertrain solutions, as well as develops a zero-voltage switching inverter technology platform. The company was formerly known as Hillcrest Petroleum Ltd. and changed its name to Hillcrest Energy Technologies Ltd. in April 2021. Hillcrest Energy Technologies Ltd. was incorporated in 2006 and is headquartered in Vancouver, Canada.
1040 West Georgia Street, Vancouver, BC, Canada, V6E 4H1
604 609 0006
| Name | Title | Year Born |
|---|---|---|
| Mr. Donald J. Currie | Founder, CEO, President & Director | 1962 |
| Mr. Daryn Gordon CPA | Chief Financial Officer | NA |
| Ms. Jamie L. Hogue | COO & Corporate Secretary | NA |
| Mr. Harald Hengstenberger | Chief MD, Owner & Founder of Systematec GMBH | NA |
| Mr. James Bolen | Chief Commercialization Officer | NA |
| Mr. Lewis Edward Parker | Consultant | NA |
| Mr. Daryn Brian Gordon C.A., CPA | Chief Financial Officer | 1978 |
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