A 
1.85
+7.56%
Close of 9 Nov 2026, in CAD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CAD, from our data supplier.
Revenue
C$180.2m
FY2018FY2025
Net income
C$7.0m
FY2018FY2025
Free cash flow
C$3.3m
FY2018FY2025
Shareholders' equity
−C$46.3m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$180.2m | C$111.6m | C$147.2m | C$162.9m | C$153.6m | C$128.0m | C$89.7m | C$63.5m |
| Gross profit | C$40.0m | C$25.6m | C$14.6m | C$28.6m | C$31.6m | C$28.6m | C$21.8m | C$16.3m |
| Research and development | C$1.1m | C$290,000 | C$1.9m | C$2.6m | C$1.8m | C$3.7m | C$2.4m | C$2.5m |
| Operating income | −C$14.4m | −C$43.9m | −C$85.8m | −C$57.3m | −C$9.5m | −C$4.4m | C$13.0m | −C$7.8m |
| Net income | C$7.0m | −C$42.9m | −C$182.6m | −C$74.7m | −C$9.4m | −C$16.8m | C$8.7m | −C$13.7m |
| Diluted earnings per share | 0.04 | -0.25 | -2.81 | -1.20 | -0.16 | -0.38 | 0.15 | -0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | C$237.9m | C$233.3m | C$278.7m | C$935.1m | C$703.9m | C$452.2m | C$323.2m | — |
| Cash and short-term investments | C$43.4m | C$30.2m | C$22.1m | C$55.4m | C$79.3m | C$41.2m | C$8.5m | — |
| Total liabilities | C$179.3m | C$180.1m | C$205.1m | C$593.0m | C$367.3m | C$326.5m | C$316.0m | — |
| Debt | C$64.7m | C$71.7m | C$70.9m | C$377.6m | C$221.5m | C$168.6m | C$218.2m | — |
| Shareholders' equity | −C$46.3m | −C$57.6m | −C$55.4m | C$208.8m | C$218.0m | C$43.3m | C$8.8m | — |
| Shares outstanding | 171m | 170m | 65m | 62m | 59m | 44m | 57m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$9.9m | −C$30.2m | −C$66.8m | −C$30.6m | −C$38.9m | C$26.6m | −C$1.2m | −C$7.1m |
| Capital spending | −C$6.6m | −C$10.7m | −C$64.1m | −C$122.4m | −C$88.6m | −C$127.2m | −C$79.9m | −C$16.8m |
| Free cash flow | C$3.3m | −C$40.9m | −C$130.9m | −C$153.0m | −C$127.5m | −C$100.6m | −C$81.2m | −C$23.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$63.9m | C$55.2m | C$71.7m | C$51.4m | C$32.3m | C$24.9m | C$34.1m | C$29.0m |
| Gross profit | C$12.5m | C$10.7m | C$10.7m | C$13.4m | C$10.5m | C$5.4m | C$9.0m | C$6.0m |
| Operating income | −C$916,000 | −C$1.8m | C$1.5m | C$1.3m | −C$6.2m | −C$6.8m | −C$6.5m | −C$14.7m |
| Net income | C$370,000 | −C$1.8m | C$14.5m | C$2.4m | −C$7.0m | −C$3.0m | −C$15.0m | −C$9.8m |
| Diluted earnings per share | 0.00 | -0.01 | 0.08 | 0.01 | -0.04 | -0.02 | -0.09 | -0.06 |
| Cash from operations | −C$6.0m | −C$7.0m | C$1.0m | C$13.0m | C$4.0m | −C$7.0m | C$4.0m | −C$17.0m |
| Capital spending | −C$1.0m | — | −C$4.0m | −C$1.0m | — | — | −C$4.0m | −C$1.0m |
| Free cash flow | −C$7.0m | — | −C$3.0m | C$12.0m | — | — | C$0 | −C$18.0m |
| Total assets | C$260.9m | C$247.4m | C$237.9m | C$237.2m | C$226.1m | C$223.0m | C$233.3m | C$240.3m |
| Cash and short-term investments | C$25.7m | C$34.0m | C$43.4m | C$39.2m | C$22.2m | C$20.8m | C$30.2m | C$40.2m |
| Debt | C$44.0m | C$56.2m | C$64.7m | C$66.5m | C$66.3m | C$71.2m | C$71.7m | C$69.1m |
| Shareholders' equity | −C$49.0m | −C$49.0m | −C$46.3m | −C$62.9m | −C$66.3m | −C$61.8m | −C$57.6m | −C$53.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.9% | 6.2% | — |
| Operating income | -36.9% | 26.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.5% | 18.1% | 19.1% | — |
| Operating margin | -20.0% | -33.5% | -24.4% | — |
| Net margin | -12.3% | -48.7% | -36.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 55.6 | -3.7 | -0.1 | -1.6 | -57.4 |
| Price to sales | 2.3 | 1.6 | 0.1 | 0.9 | 3.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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