Enablence Technologies Inc

Enablence Technologies Inc. designs, manufactures, and sells optical components, subsystems, and systems worldwide. Its Systems division offers a fiber-to-the-premise product portfolio that features various architectural options to enable service providers in evolving their access networks from traditional copper-based networks to advanced optical communications access networks that are based on IP and Ethernet standards, for triple-play voice, video, and data services, including HDTV, IP Telephony, and ultrafast Internet access. This division's products include MAGNM Multi Media Aggregation Node, a distributed multi-service access platform for broadband access and aggregation; TRIDENT7, a universal access platform for network operators; Broadband Access Switch; and MAGNM-FX, a broadband loop carrier platform that supports a range of copper- and fiber-based access technologies, allowing service providers to use their access media and technology of choice. The company's Optical Components and Subsystems division offers various components and subsystems for access, metro, and long-haul optical networks comprising transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, switches, tunable dispersion compensators, and photodiodes. Enablence Technologies Inc. was founded in 2003 and is headquartered in Ottawa, Canada. Numbers Market Cap 27M CAD Sales 59M CAD (increase from 3M CAD in 2008, from 46M CAD in 2009 as company was in development stage and sales only now are taking off) EBITDA -20M CAD (rare example when huge losses are bullish as tech company expands) Cash 8.5M CAD LT Debt 18M CAD (for a start up company that is only few years in the market and growing, this is very reasonable level of debt) Shares Outstanding 421,000,000 (huge increase from 208,000,000 in 2009 but this is the only way to get financing that will allow it to reward shareholders later) Assets 82M CAD Liabilities 29M CAD Employees 202 Major Shareholders 30.79% Per cent of shares held by top holders Acuity Investment Management, Inc. 15% Fidelity Investments Canada Ltd. 8% Jarislowsky Fraser Ltd. 1.5% Pembroke Management Ltd. 1% Goodwood, Inc. 1% J. Zechner Associates, Inc. 0.6% Resume: This stock was a terrible mistake for all shareholders, but will deliver terrific returns for new shareholders. I am talking here about new Lucent Technologies, Juniper Networks is born. You decide.