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About Correlate Energy
Its shares trade under the ticker CIPI. It has been listed since 4 April 2001. In the fiscal year to 31 December 2023, it reported revenue of $7.6m and a net loss of $12.8m. At that date it held total assets of $4.6m and shareholders' equity of −$3.2m.
Triccar, Inc. is a vertically integrated biomedical research, development, and marketing firm that develops, acquires, and partners to bring life-changing bioceutical solutions and pharmaceutical drugs to the global market. The company is headquartered in Las Vegas, Nevada. The company went IPO on 2001-04-04. The firm is engaged in the development of bioceutical and pharmaceutical products designed to support the well-being of humans and animals that have common diseases. Its products includes bioceutical formulations designed to support approximately 38 diseases and maladies, including four formulae centered around the bioavailable calcium supplement available; a weight loss and obesity supplement that requires no change in diet or requirement of exercise; a formula that helps relieve the symptoms of menopause; a blood performance product that separates white and red blood cells; a mental focus formula designed to increase attention and recall of information and beneficial to children diagnosed with Attention Deficit Disorder (ADHD); a mental acuity formula designed to increase memory recall and aid in the formation of new memories and others.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Health Care
- Industry
- Pharmaceuticals
- Listed since
- 4 Apr 2001
- Employees
- 11
- Website
- triccar.com ↗
Leadership
Pay as last reported
- Mr. Matthew FlemmingIndependent Non-Executive Chairman of the Board, since 2021$215,000
- Mr. Todd MichaelsPresident, Chief Executive Officer, Director, since 2021$140,625
- Mr. Johan ThemaatChief Financial Officer
- Mr. Jason LoyetDirector of Commercial Solar of Correlate Inc and Director, since 2021$84,375
- Mr. Eli AlbrechtIndependent Director$215,000
- Dr. Christine GulbransonIndependent Director
- Mr. Corey HuntIndependent Director$215,000
- Mr. George PowellIndependent Director$215,000
- Ms. Alina ZagaytovaIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Triccar Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong brand presence and reputation, built on years of delivering high-quality products and services. This provides Triccar with a competitive edge over its rivals and helps attract a loyal customer base.
- Secondly, Triccar has a highly skilled and talented workforce, enabling the company to innovate and develop cutting-edge solutions. This expertise allows them to stay ahead of industry trends and respond effectively to market demands.
- Additionally, Triccar benefits from a robust supply chain and efficient manufacturing processes. This helps ensure timely delivery of orders and keeps operational costs under control, enhancing overall profitability.
Weaknesses
- However, Triccar Inc also faces certain weaknesses that need to be addressed for further growth. One area of weakness is the lack of diverse product offerings. Triccar primarily focuses on a narrow range of products, limiting its potential revenue streams and leaving it vulnerable to market fluctuations.
- Another weakness is the company's limited geographical presence. Triccar is predominantly present in a specific region, which restricts its customer reach and potential market expansion opportunities. This geographic concentration poses a risk in case of any adverse local economic conditions.
Opportunities
- Triccar Inc has various opportunities to capitalize on and drive future growth. One significant opportunity is the increasing demand in emerging markets. By expanding its geographical footprint and tapping into new customer segments, Triccar can access untapped markets and increase its market share.
- Moreover, advancements in technology offer Triccar a chance to develop innovative products or adopt automation and digitization throughout its operations. Embracing these opportunities can lead to improved efficiency, cost savings, and enhanced competitiveness.
Threats
- Triccar Inc also faces several threats that can impact its business operations. Intense competition from existing competitors and the entry of new players into the market pose a constant threat to Triccar's market share and profitability. Adapting and staying ahead in this competitive landscape is crucial.
- Additionally, economic uncertainties and global market fluctuations can significantly impact Triccar's financial performance. Factors such as currency exchange rates, inflation, or trade policies may pose risks that need to be carefully monitored and managed.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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