OverviewSuggest Edit

Taronis Technologies (formerly MagneGas Corporation) is a waste to energy company that converts liquid waste into a hydrogen-based fuel. The Company owns the patents to this revolutionary technology called “Plasma Arc Flow.” The Plasma Arc Flow process gasifies or sterilizes a number of liquid wastes and produces a gaseous fuel known as MagneGas2. MagneGas is a cost-competitive and clean burning fuel that is essentially interchangeable with natural gas or it can be co-combusted with existing hydrocarbon fuels and has the lowest greenhouse gas emissions when compared to fossil fuel. The MagneGas system occupies a small footprint and runs in a completely sealed environment. The fuel can be used for metal cutting, cooking, heating, or powering natural gas bi-fuel automobiles.

TypePublic
Founded2007
HQClearwater, US
Websitetaronistech.com

Latest Updates

Employees (est.) (Dec 2018)87(+142%)
Revenue (FY, 2018)$12.8 M(+245%)
Share Price (Nov 2019)$1.9 (-8%)

Key People/Management at Taronis Technologies

Scott Mahoney

Scott Mahoney

Chief Executive Officer, President and Director
Timothy Hauck

Timothy Hauck

CFO
Ermanno P. Santilli

Ermanno P. Santilli

Chief Technology Officer
Clinton Rafe Dean

Clinton Rafe Dean

COO
Tyler B. Wilson

Tyler B. Wilson

Executive Vice President and Corporate Secretary
Jack Armstrong

Jack Armstrong

Executive Vice President of Business Development
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Taronis Technologies Office Locations

Taronis Technologies has offices in Clearwater and Denver
Clearwater, US (HQ)
11885 44th St N
Denver, US
3200 Cherry Creek S Dr #430
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Taronis Technologies Financials and Metrics

Taronis Technologies Revenue

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View revenue for all periods
Taronis Technologies's revenue was reported to be $12.82 m in FY, 2018
USD

Revenue (Q2, 2019)

5.9m

Gross profit (Q2, 2019)

2.7m

Gross profit margin (Q2, 2019), %

45.3%

Net income (Q2, 2019)

(5.4m)

EBIT (Q2, 2019)

(5.5m)

Market capitalization (15-Nov-2019)

36.8m

Closing stock price (15-Nov-2019)

1.9

Cash (30-Jun-2019)

1.6m

EV

42.8m
Taronis Technologies's current market capitalization is $36.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

381.9k677.5k989.0k1.0m2.4m3.6m3.7m12.8m

Revenue growth, %

5%

Cost of goods sold

42.9k545.8k548.5k673.9k1.5m2.0m2.2m5.6m

Gross profit

338.9k131.8k440.5k349.2k956.3k1.5m1.5m7.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

66.6k61.3k132.0k189.0k201.1k130.8k133.5k125.4k191.6k178.3k146.4k545.6k584.4k623.9k665.7k837.3k1.0m871.8k966.2k879.5k1.2m2.9m2.6m4.9m5.9m

Cost of goods sold

6.7k40.5k65.5k117.7k133.6k64.5k80.9k85.0k105.6k124.8k472.3k632.5k503.4k532.7k552.4k757.9k2.0m1.6m2.7m3.2m

Gross profit

59.9k20.8k66.5k71.2k67.5k66.3k52.6k40.4k86.0k53.5k365.0k405.1k368.4k433.5k327.1k413.9k935.1k998.2k2.2m2.7m

Gross profit Margin, %

90%34%50%38%34%51%39%32%45%30%44%39%42%45%37%35%32%38%45%45%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.4m1.5m216.5k5.1m5.3m1.6m586.8k1.6m

Accounts Receivable

19.1k119.2k125.9k442.6k389.7k1.4m

Prepaid Expenses

2.5k106.6k46.5k226.3k198.1k331.8k

Inventories

657.0k962.0k1.7m1.6m739.0k2.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

20.8k147.2k3.5m2.0m4.3m453.1k1.0m579.1k7.1m6.4m5.1m4.1m4.0m2.2m2.2m3.8m1.2m53.6k116.2k93.9k2.1m1.1m1.8m356.5k1.6m

Accounts Receivable

9.5k21.1k49.4k99.6k104.8k142.9k119.2k111.7k135.5k403.5k(100.2k)1.4m2.6m2.8m

Prepaid Expenses

2.5k2.5k134.4k181.0k138.7k119.9k312.6k581.7k313.3k675.8k

Inventories

2.2m2.2m694.3k820.7k1.7m1.0m1.5m1.8m1.7m2.3m2.4m2.2m1.7m1.7m1.6m1.6m2.0m1.5m3.4m3.2m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(2.9m)(7.1m)(6.3m)(7.2m)(9.1m)(17.5m)(11.0m)(15.0m)

Depreciation and Amortization

84.2k452.2k484.9k376.6k558.1k650.9k673.1k1.1m

Inventories

(864.4k)(305.0k)(64.1k)62.2k(86.3k)(45.8k)(36.0k)301.3k

Accounts Payable

(87.0k)207.2k(252.7k)(78.1k)265.7k(9.0k)1.3m584.0k
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(714.5k)(1.1m)(694.4k)(2.9m)(5.0m)(1.6m)(3.0m)(4.5m)(1.4m)(3.0m)(4.9m)(2.2m)(4.3m)(6.5m)(1.6m)(5.2m)(4.1m)(1.8m)(4.0m)(7.1m)(3.0m)(6.5m)(10.1m)(6.2m)(11.5m)

Depreciation and Amortization

35.5k53.3k71.5k169.3k278.1k167.7k306.9k420.3k62.9k165.2k269.9k136.9k276.6k418.5k154.0k175.5k177.6k167.3k360.6k526.6k159.2k579.5k988.4k432.1k989.4k

Inventories

(610.8k)(629.6k)(37.3k)(163.7k)(1.1m)(73.4k)38.1k58.2k10.3k(15.9k)(171.1k)12.9k21.1k(50.5k)23.5k(145.0k)(38.9k)(6.0k)133.6k554.1k135.4k244.6k

Accounts Payable

24.5k49.3k(46.8k)212.1k377.6k97.8k(351.6k)(320.0k)(75.1k)(81.7k)(85.4k)153.4k80.4k295.1k(51.2k)768.0k389.2k941.9k855.2k1.2m(303.4k)726.5k136.8k444.7k482.4k
USDY, 2019

EV/EBIT

-7.9 x

EV/CFO

-6.9 x

Financial Leverage

1.4 x
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Taronis Technologies Online and Social Media Presence

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Taronis Technologies Blogs

Taronis to Present as a Keynote Speaker at the GreenTech In Shipping Global Forum

Leading European Forum for Green Port Operations TAMPA, Fla., Feb. 25, 2019 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc. (“Taronis" or “the Company") (NASDAQ: TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that the …

Taronis to Be Featured in Gasworld Magazine

Premier Industry Journal to Highlight Corporate Growth and Rebranding TAMPA, Fla., Feb. 14, 2019 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc. (“Taronis" or “the Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental conservation industry, toda…

Corporate Update on Abu Dhabi Sustainability Week

Meetings Indicate Strong Demand for Water Conservation Technology TAMPA, Fla., Feb. 04, 2019 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc. (“Taronis" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental conservation industry, provide…

MagneGas Officially Rebranded Taronis Technologies, Inc.

New Website and Corporate Presentation Available TAMPA, Fla., Feb. 01, 2019 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc. (“Taronis") or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental conservation industry, formally announced its …

MagneGas Generates $1.0 Million in Sales for December

Sales Increase of 212% Compared to Prior Year TAMPA, Fla., Jan. 15, 2019 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced …

MagneGas Generates $1.163 Million in Sales for November

Sales Increase of 287% Compared to Prior Year TAMPA, Fla., Dec. 18, 2018 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced …
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Taronis Technologies Frequently Asked Questions

  • When was Taronis Technologies founded?

    Taronis Technologies was founded in 2007.

  • Who are Taronis Technologies key executives?

    Taronis Technologies's key executives are Scott Mahoney, Timothy Hauck and Ermanno P. Santilli.

  • How many employees does Taronis Technologies have?

    Taronis Technologies has 87 employees.

  • What is Taronis Technologies revenue?

    Latest Taronis Technologies annual revenue is $12.8 m.

  • What is Taronis Technologies revenue per employee?

    Latest Taronis Technologies revenue per employee is $147.4 k.

  • Who are Taronis Technologies competitors?

    Competitors of Taronis Technologies include Honeywell, GE Healthcare and Ameresco.

  • Where is Taronis Technologies headquarters?

    Taronis Technologies headquarters is located at 11885 44th St N, Clearwater.

  • Where are Taronis Technologies offices?

    Taronis Technologies has offices in Clearwater and Denver.

  • How many offices does Taronis Technologies have?

    Taronis Technologies has 2 offices.