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Codebase Ventures

CNSX:CODE
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CODE
CNSX
CA$12M
Market Cap
  1. Home
  2. CA
  3. Software
Company description

Codebase Ventures Inc., together with its subsidiaries, engages in identifying investments in the technology sector focusing on blockchain and crypto-currency technologies. The last earnings update was 30 days ago. More info.


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  • Codebase Ventures has significant price volatility in the past 3 months.
CODE Share Price and Events
7 Day Returns
0%
CNSX:CODE
0.4%
CA Software
1.2%
CA Market
1 Year Returns
-20%
CNSX:CODE
15.2%
CA Software
-0.4%
CA Market
CODE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Codebase Ventures (CODE) 0% -11.1% 33.3% -20% -20% -
CA Software 0.4% 1.8% 2.3% 15.2% 73.7% 159%
CA Market 1.2% 3.3% 0.8% -0.4% 7.4% 4.5%
1 Year Return vs Industry and Market
  • CODE underperformed the Software industry which returned 15.2% over the past year.
  • CODE underperformed the Market in Canada which returned -0.4% over the past year.
Price Volatility
CODE
Industry
5yr Volatility vs Market

Value

 Is Codebase Ventures undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Codebase Ventures. This is due to cash flow or dividend data being unavailable. The share price is CA$0.04.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Codebase Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Codebase Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:CODE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.02
CNSX:CODE Share Price ** CNSX (2019-09-19) in CAD CA$0.04
Canada Software Industry PE Ratio Median Figure of 17 Publicly-Listed Software Companies 26.47x
Canada Market PE Ratio Median Figure of 540 Publicly-Listed Companies 14.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Codebase Ventures.

CNSX:CODE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:CODE Share Price ÷ EPS (both in CAD)

= 0.04 ÷ -0.02

-2.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Codebase Ventures is loss making, we can't compare its value to the CA Software industry average.
  • Codebase Ventures is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Codebase Ventures's expected growth come at a high price?
Raw Data
CNSX:CODE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Software Industry PEG Ratio Median Figure of 8 Publicly-Listed Software Companies 2.82x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.95x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Codebase Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Codebase Ventures's assets?
Raw Data
CNSX:CODE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.01
CNSX:CODE Share Price * CNSX (2019-09-19) in CAD CA$0.04
Canada Software Industry PB Ratio Median Figure of 88 Publicly-Listed Software Companies 2.92x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.44x
CNSX:CODE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:CODE Share Price ÷ Book Value per Share (both in CAD)

= 0.04 ÷ 0.01

3.3x

* Primary Listing of Codebase Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Codebase Ventures is overvalued based on assets compared to the CA Software industry average.
X
Value checks
We assess Codebase Ventures's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Codebase Ventures has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Codebase Ventures expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Codebase Ventures has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.2%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Codebase Ventures expected to grow at an attractive rate?
  • Unable to compare Codebase Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Codebase Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Codebase Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:CODE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Software Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
Canada Software Industry Revenue Growth Rate Market Cap Weighted Average 15.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:CODE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:CODE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 -3 -4
2019-03-31 -3 -5
2018-12-31 -3 -6
2018-09-30 0 -3 -7
2018-06-30 0 -3 -7
2018-03-31 0 -2 -5
2017-12-31 0 -1 -3
2017-09-30 0 -1 0
2017-06-30 0 0 0
2017-03-31 0 0 0
2016-12-31 0 0 0
2016-09-30 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Codebase Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if Codebase Ventures is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:CODE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Codebase Ventures Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:CODE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.03
2018-09-30 -0.04
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.03
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.01
2016-09-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Codebase Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Codebase Ventures's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Codebase Ventures's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. Codebase Ventures's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Codebase Ventures's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Codebase Ventures has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Codebase Ventures performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Codebase Ventures's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Codebase Ventures does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Codebase Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Codebase Ventures's 1-year growth to the CA Software industry average as it is not currently profitable.
Earnings and Revenue History
Codebase Ventures's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Codebase Ventures Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:CODE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -3.94 1.50
2019-03-31 -4.65 2.18
2018-12-31 -6.49 2.88
2018-09-30 0.00 -7.04 3.12
2018-06-30 0.00 -6.55 2.61
2018-03-31 0.02 -5.26 1.82
2017-12-31 0.04 -2.62 0.98
2017-09-30 0.04 -0.30 0.80
2017-06-30 0.06 0.09 0.45
2017-03-31 0.06 0.25 0.29
2016-12-31 0.05 0.44 0.08
2016-09-30 0.07 -0.21 0.20
2016-06-30 0.05 -0.35 0.27
2016-03-31 0.05 -0.43 0.30
2015-12-31 0.04 -0.51 0.31
2015-09-30 0.04 -0.52 0.31
2015-06-30 0.04 -0.52 0.31
2015-03-31 0.05 -0.54 0.33
2014-12-31 0.05 -0.51 0.31
2014-09-30 0.04 -0.67 0.41
2014-06-30 0.03 -1.02 0.44
2014-03-31 0.02 -0.97 0.40
2013-12-31 0.01 -0.97 0.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Codebase Ventures has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Codebase Ventures has efficiently used its assets last year compared to the CA Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Codebase Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Codebase Ventures's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Codebase Ventures has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Codebase Ventures's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Codebase Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Codebase Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Codebase Ventures's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Codebase Ventures's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Codebase Ventures has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Codebase Ventures Company Filings, last reported 2 months ago.

CNSX:CODE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 3.17 0.00 0.49
2019-03-31 4.02 0.00 0.93
2018-12-31 4.13 0.00 1.03
2018-09-30 5.39 0.00 1.75
2018-06-30 5.91 0.00 4.61
2018-03-31 6.61 0.00 5.82
2017-12-31 3.34 0.00 2.73
2017-09-30 1.95 0.09 1.56
2017-06-30 1.32 0.09 0.96
2017-03-31 0.65 0.06 0.21
2016-12-31 0.70 0.06 0.27
2016-09-30 -0.02 0.07 0.12
2016-06-30 -0.02 0.08 0.12
2016-03-31 0.02 0.08 0.12
2015-12-31 0.07 0.06 0.11
2015-09-30 0.19 0.01 0.09
2015-06-30 0.32 0.01 0.17
2015-03-31 0.45 0.00 0.30
2014-12-31 0.43 0.01 0.31
2014-09-30 0.56 0.01 0.44
2014-06-30 0.69 0.01 0.69
2014-03-31 0.84 0.01 0.81
2013-12-31 0.94 0.01 0.92
  • Codebase Ventures has no debt.
  • Codebase Ventures has no debt compared to 5 years ago when it was 1.6%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Codebase Ventures has less than a year of cash runway based on current free cash flow.
  • Codebase Ventures has less than a year of cash runway if free cash flow continues to grow at historical rates of 85.2% each year.
X
Financial health checks
We assess Codebase Ventures's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Codebase Ventures has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Codebase Ventures's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Codebase Ventures dividends.
If you bought CA$2,000 of Codebase Ventures shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Codebase Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Codebase Ventures's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:CODE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Software Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Codebase Ventures has not reported any payouts.
  • Unable to verify if Codebase Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Codebase Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Codebase Ventures has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Codebase Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Codebase Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Codebase Ventures has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Codebase Ventures's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Tsafalas
AGE 50
TENURE AS CEO 2.2 years
CEO Bio

Mr. George Tsafalas serves as Chief Executive Officer of Codebase Ventures Inc. He has been President of 360 Capital Financial Services Group Inc. since September 9, 2017 and its Chief Executive Officer since July 22, 2017. Mr. Tsafalas is President and Director of Codebase Ventures Inc. Mr. Tsafalas served as Director of Open Source Health Inc. Mr. Tsafalas served as President and Director at Weekend Unlimited Inc. until January 10, 2018. Mr. Tsafalas serves as the Chief Executive Officer and President of Giant Exploration Inc. He serves as the Chief Operating Officer of Canadian Energy Exploration Inc. He has been Senior Business Consultant at Callitas Health Inc. since March 2017. He is a Senior Partner at Stadnyk and Partners Inc. He serves as the President and Chief Executive Officer of a Private Oil and Gas Exploration Company also Quikflo. He specializes in the execution of strategic budget plans and monitors the development of the portfolio programs, including review of the financial objectives and milestones. He has over ten years of senior management experience in the oil and gas sector, as well as in the hospitality industry and professional sports sectors. He served as Interim President of 360 Capital Financial Services Group Inc. since July 2017 until September 9, 2017 and its Chief Executive Officer since July 22, 2017. Mr. Tsafalas has experience in the attraction of private equity capital, including angel investment groups and firms and has assisted in several successful equity capital fundraising efforts. He has extensive experience in senior operational management, corporate business development and corporate finance in the private and public sectors and is an entrepreneur. He served as the Chief Financial Officer of Eupraxia Pharmaceuticals Inc. He served as an Interim Chief Executive Officer and Interim President of Supreme Pharmaceuticals Inc. from November 6, 2014 to December 19, 2014. He served as the Chief Financial Officer of Birch Lake Energy Inc., from July 27, 2010 to February 15, 2012. He served as the Chief Executive Officer and President of Canamex Resources Corp (alternate name: AXQP Inc) from April 11, 2008 to February 26, 2009. He served as Chief Financial Officer of Canadian Energy Exploration Inc., from January 2010 to September 2011. Mr. Tsafalas served as an Administration Consultant of Park Place Energy, Inc., (alternative name Park Place Energy Corp.). He served as the President and Chief Executive Officer Fairchild International Corporation from June 6, 2002 to November 15, 2004 and served as its Consultant since November 15, 2004. He served as the President and Chief Executive Officer of Energy Quest, Inc. from June 6, 2002 to November 15, 2004. From 2002 to 2006, he provided consulting roles and administrative contributions to various junior oil and gas companies. He has been a Director of Giant Exploration Inc since March 4, 2011. He has been a Director of 360 Capital Financial Services Group Inc. since June 29, 2017. Mr. Tsafalas served as a Director of Guerrero Exploration Inc. from March 29, 2010 to January 2013; Supreme Pharmaceuticals Inc. from October 2, 2013 to December 19, 2014; M Pharmaceutical Inc. from June 2013 to March 2017; Canamex Resources Corp. from April 11, 2008 to February 26, 2009; Canadian Energy Exploration Inc since August 5, 2008; Fairchild International Corporation from June 6, 2002 to November 15, 2004; Viper Gold Ltd. since March 16, 2015 and Birch Lake Energy Inc., from August 2010 to February 2012. He served as an Independent Director at Friday Night Inc. (Quikflo Health Inc.) from March 16, 2015 to June 16, 2017. Mr. Tsafalas serves as a Director at DC Acquisition Corp.

CEO Compensation
  • Insufficient data for George to compare compensation growth.
  • Insufficient data for George to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Codebase Ventures management team in years:

2.1
Average Tenure
  • The tenure for the Codebase Ventures management team is about average.
Management Team

George Tsafalas

TITLE
President
AGE
50
TENURE
2.2 yrs

Tatiana Kovaleva

TITLE
Chief Financial Officer
TENURE
2.3 yrs

Brian Keane

TITLE
Head of Investor Relations & Director

Jeff Koyen

TITLE
Chief Strategy Officer

Nikita Chou

TITLE
Consultant
TENURE
2 yrs

Ullrich Schade

TITLE
Executive of Branding & Marketing
TENURE
2 yrs
Board of Directors Tenure

Average tenure of the Codebase Ventures board of directors in years:

2
Average Tenure
  • The average tenure for the Codebase Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

George Tsafalas

TITLE
President
AGE
50
TENURE
2.3 yrs

Brian Keane

TITLE
Head of Investor Relations & Director
TENURE
2 yrs

Morie Shacker

TITLE
Independent Director
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Codebase Ventures's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Codebase Ventures has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

The Codebase Ventures (CNSX:CODE) Share Price Is Down 46% So Some Shareholders Are Getting Worried

Check out our latest analysis for Codebase Ventures With zero revenue generated over twelve months, we don't think that Codebase Ventures has proved its business plan yet. … It seems likely some shareholders believe that Codebase Ventures will significantly advance the business plan before too long. … Codebase Ventures had cash in excess of all liabilities of just CA$480k when it last reported (March 2019).

Simply Wall St -

Is 360 Blockchain Inc.'s (CNSX:CODE) Balance Sheet A Threat To Its Future?

(CNSX:CODE), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is CODE right in choosing financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

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Do Institutions Own 360 Blockchain Inc (CNSX:CODE) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … 360 Blockchain is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Who Owns 360 Blockchain Inc (CNSX:CODE)?

Today, I will be analyzing 360 Blockchain Inc’s (CNSX:CODE) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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Company Info

Description

Codebase Ventures Inc., together with its subsidiaries, engages in identifying investments in the technology sector focusing on blockchain and crypto-currency technologies. It also engages in cryptocurrency mining, media technology, and digital media businesses. The company was formerly known as 360 Blockchain Inc. and changed its name to Codebase Ventures Inc. in February 2019. Codebase Ventures Inc. was incorporated in 2009 and is based in Vancouver, Canada.

Details
Name: Codebase Ventures Inc.
CODE
Exchange: CNSX
Founded: 2009
CA$12,133,779
303,344,499
Website: http://www.codebase.ventures
Address: Codebase Ventures Inc.
1055 Dunsmuir Street,
Suite 734,
Vancouver,
British Columbia, V7X 1B1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX CODE Common Shares Canadian National Stock Exchange CA CAD 23. Oct 2015
DB C5B Common Shares Deutsche Boerse AG DE EUR 23. Oct 2015
Number of employees
Current staff
Staff numbers
0
Codebase Ventures employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:15
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.