This company has been acquired
Neovasc Management
Management criteria checks 2/4
Key information
Fred Colen
Chief executive officer
US$4.0m
Total compensation
| CEO salary percentage | 10.08% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 4.3yrs |
| Board average tenure | 16.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | n/a | n/a | -US$41m |
| Sep 30 2022 | n/a | n/a | -US$34m |
| Jun 30 2022 | n/a | n/a | -US$33m |
| Mar 31 2022 | n/a | n/a | -US$33m |
| Dec 31 2021 | US$4m | US$406k | -US$25m |
| Sep 30 2021 | n/a | n/a | -US$23m |
| Jun 30 2021 | n/a | n/a | -US$26m |
| Mar 31 2021 | n/a | n/a | -US$27m |
| Dec 31 2020 | US$3m | US$406k | -US$29m |
| Sep 30 2020 | n/a | n/a | -US$37m |
| Jun 30 2020 | n/a | n/a | -US$33m |
| Mar 31 2020 | n/a | n/a | -US$31m |
| Dec 31 2019 | US$2m | US$402k | -US$35m |
| Sep 30 2019 | n/a | n/a | -US$11m |
| Jun 30 2019 | n/a | n/a | -US$20m |
| Mar 31 2019 | n/a | n/a | -US$61m |
| Dec 31 2018 | US$1m | US$390k | -US$108m |
Compensation vs Market: Fred's total compensation ($USD4.03M) is above average for companies of similar size in the Canadian market ($USD177.71K).
Compensation vs Earnings: Fred's compensation has increased whilst the company is unprofitable.
CEO
Fred Colen (70 yo)
Mr. Fredericus A. Colen, also known as Fred, has been President and Chief Executive Officer at Neovasc Inc. since January 22, 2018. Mr. Colen is Director at Neovasc Inc. since June 4, 2019. He serves as In...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$4.03m | 0.43% CA$ 473.3k | |
| CFO & Corporate Secretary | 16yrs | US$1.85m | 0.095% CA$ 105.2k | |
| Chief Operating Officer | 3.4yrs | US$1.98m | 0.29% CA$ 318.7k | |
| Chief Quality Officer | 2.9yrs | US$678.40k | 0.045% CA$ 49.5k | |
| Vice President of Human Resources | no data | no data | no data |
Experienced Management: NVCN's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$4.03m | 0.43% CA$ 473.3k | |
| Independent Director | 22.4yrs | US$177.33k | 0.67% CA$ 736.9k | |
| Independent Director | 17.8yrs | US$167.33k | 1.41% CA$ 1.6m | |
| Independent Director | 19.8yrs | US$167.33k | 0.016% CA$ 18.3k | |
| Independent Chairman of the Board | 14.8yrs | US$177.33k | 0.045% CA$ 49.6k | |
| Independent Director | 3.6yrs | US$192.07k | 0.10% CA$ 110.5k |
Experienced Board: NVCN's board of directors are seasoned and experienced ( 16.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/04/13 00:01 |
| End of Day Share Price | 2023/04/10 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Neovasc Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Martin | Bloom Burton & Co. |
| Jason Mills | Canaccord Genuity |
| John Gillings | Citizens JMP Securities, LLC |