- Torrent Capital (TORR) has announced financial results for 2021
- The company’s NAV increased from C$25.5M ($1.06 per share) to $27.4M ($1.13 per share), representing a YoY increase of 6.6 per cent
- It has outperformed the S&P 500 by over 3x since its inception in 2017
- Torrent Capital is a merchant bank and investment company focused on private and publicly traded securities
- Torrent Capital (TORR) is unchanged trading at $0.90 per share
Torrent Capital (TORR) has announced financial results for 2021.
The company’s NAV increased from C$25.5M ($1.06 per share) to $27.4M ($1.13 per share), representing a YoY increase of 6.6 per cent.
It recorded a realized gain on investments of $3,475,437, compared to $7,244,237 in 2020.
It recorded an unrealized loss on investments of $299,420, compared to unrealized gains of $7,312,662 in 2020.
WildBrain was a top performer in Torrent’s portfolio with a share price increase of 92.2 per cent in 2021. Wildbrain has significantly improved its financial flexibility and cash generation, which is restoring confidence in the capital markets. Torrent remains confident that Wildbrain will continue its turnaround through 2022 as the company further monetizes its IP and delivers on its content strategy.
Kneat.com ended 2021 with a share price increase of 40.4 per cent. Annual recurring revenue for the year stood at $13.1M, an increase of 174 per cent YoY. Torrent is confident that Kneat is well-positioned to deliver on its organic growth plans throughout 2022.
Clean technology stocks declined by an average of 57.8 per cent in 2021, while Torrent’s cleantech portfolio held up comparatively well with a loss of 9.4 per cent. The sector continues to show high growth potential as secular tailwinds spur innovation. The company remains bullish on the sector over the long term.
“Increasing interest rates and inflation create challenging markets for early-stage companies as future earnings get discounted at higher rates, weighing on valuations,” stated Wade Dawe, Torrent’s President and CEO. “That being said, Torrent is well-positioned for the current environment and we maintain a positive outlook on 2022 as we continue to cautiously navigate the markets from a growth perspective.”
| Trailing return | Torrent Capital | TSX Small Cap Index | S&P 500 |
| 12 Month | 6.6% | 18.2% | 27.7% |
| 24 Month | 87.8% | 30.0% | 47.5% |
| 36 Month | 158.2% | 46.7% | 90.1% |
| Net return by year | |||
| 2021 | 6.6% | 18.2% | 27.7% |
| 2020 | 76.1% | 10.0% | 15.5% |
| 2019 | 37.5% | 12.8% | 28.9% |
| 2018 | 33.4% | -20.1% | -6.2% |
| 2017 | 29.8% | 5.9% | 10.3% |
| Since inception | |||
| Cumulative return | 346.2% | 24.1% | 96.7% |
| Compound annual return | 39.4% | 4.92% | 16.19% |
Torrent Capital is a merchant bank and investment company focused on private and publicly traded securities.
Torrent Capital (TORR) is unchanged trading at $0.90 per share as of 2:57 pm EST.