Synertec Corporation (ASX: SOP) – technologies in low carbon economy
COMPANY SCOREBOARD
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ABOUT COMPANY
Synertec Corporation (SOP) (https://www.synertec.com.au/) provides specialist multi-discipline engineering services in critical infrastructure, water, advanced manufacturing, and energy. The company also proactively participates in the world’s transition to a low carbon economy in a practical way, which includes Powerhouse, a unique proprietary technology that allows the utilisation of 100% renewable energy through predictive intelligence to power industrial-scale applications in remote locations.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| SOP | 0.1 | 431495935 | 10000000 | 44149593.5 | 5.3/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 829 | 70.02% | 67.14% | 14.1% | last raise $8m@22c |
Both Regal and Perennial joined the register after Powerhouse commissioning at STO in 2022.
BUSINESS
Below is the company’s five years performance:
| SOP | 2022 | 2021 | 2020 | 2019 | 2018 |
| Operation Revenue | 10886 | 8386 | |||
| Cost of Sale | -1223 | -1809 | |||
| Gross Revenue | 9663 | 6577 | 0 | 0 | 0 |
| Gross Margin | 0.8877 | 0.7843 | 0 | 0 | 0 |
| Overheads | -14194 | -8437 | |||
| Fixed Overheads | |||||
| Variable Overheads | |||||
| Total Operation Expense | -14194 | -8437 | 0 | 0 | 0 |
| Operation Profit | -4531 | -1860 | 0 | 0 | 0 |
| Other Revenue | 1202 | 50 | |||
| Interest Expense | -135 | -104 | |||
| D&A | -517 | -374 | |||
| Income Tax | 0 | -1063 | |||
| Net Profit | -3981 | -3351 | 0 | 0 | 0 |
| NOTES | jobseeker 995k |
All revenue so far came from its traditional engineering services.
SUMMARY
The market values the Powerhouse technology for over $70m.