B 
4.21
+0.24%
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$42.4m
FY2016FY2025
Net income
C$4.8m
FY2016FY2025
Free cash flow
C$7.3m
FY2016FY2025
Shareholders' equity
C$14.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$42.4m | C$37.4m | C$25.2m | C$28.9m | C$24.5m | C$24.4m | C$20.6m | C$24.3m | C$22.6m | C$15.9m |
| Gross profit | C$12.8m | C$10.1m | C$6.9m | C$8.8m | C$6.2m | C$7.0m | C$4.9m | C$6.4m | C$6.3m | C$4.1m |
| Research and development | C$48,161 | C$43,859 | C$30,440 | C$97,123 | C$14,223 | C$30,510 | C$46,527 | C$271,523 | C$393,974 | C$387,278 |
| Operating income | C$6.6m | C$4.4m | C$3.1m | C$2.6m | C$2.1m | C$2.7m | −C$1.3m | C$1.2m | C$1.5m | C$824,925 |
| Net income | C$4.8m | C$3.0m | C$2.2m | C$1.6m | C$1.3m | C$2.1m | −C$1.3m | C$4.7m | C$1.5m | C$547,275 |
| Diluted earnings per share | 0.26 | 0.16 | 0.13 | 0.10 | 0.03 | 0.05 | -0.03 | 0.12 | 0.04 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$33.6m | C$28.5m | C$24.1m | C$20.7m | C$19.2m | C$22.0m | C$17.6m | C$21.0m | C$15.7m | C$11.3m |
| Cash and short-term investments | — | — | C$2.3m | C$3.8m | C$4.5m | C$8.9m | C$6.5m | C$4.0m | C$3.6m | C$1.1m |
| Total liabilities | C$18.7m | C$17.9m | C$17.4m | C$16.2m | C$17.2m | C$8.4m | C$5.9m | C$8.2m | C$8.4m | C$8.9m |
| Debt | C$1.3m | C$1.9m | C$4.2m | C$4.7m | C$5.7m | C$828,174 | C$96,805 | — | — | C$2.2m |
| Shareholders' equity | C$14.9m | C$10.6m | C$6.7m | C$4.5m | C$2.0m | C$13.5m | C$11.7m | C$12.9m | C$7.3m | C$2.4m |
| Shares outstanding | 19m | 19m | 17m | 15m | 39m | 39m | 39m | 39m | 39m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$7.6m | C$3.7m | C$490,032 | C$1.4m | C$3.8m | C$3.3m | C$2.5m | −C$2,526 | C$1.2m | −C$777,778 |
| Capital spending | −C$367,826 | −C$372,001 | −C$552,872 | −C$203,289 | −C$75,979 | −C$342,400 | −C$135,230 | −C$230,718 | −C$14,338 | −C$11,960 |
| Free cash flow | C$7.3m | C$3.3m | −C$62,840 | C$1.2m | C$3.7m | C$3.0m | C$2.4m | −C$233,244 | C$1.2m | −C$789,738 |
| Dividends paid | — | — | — | — | −C$5.1m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$15.7m | C$6.8m | C$16.9m | C$11.3m | C$9.4m | C$4.7m | C$9.3m | C$14.9m |
| Gross profit | C$4.9m | C$1.4m | C$5.9m | C$3.2m | C$2.5m | C$1.1m | C$1.6m | C$5.0m |
| Operating income | C$2.7m | C$184,827 | C$3.8m | C$1.6m | C$1.1m | C$73,051 | C$295,014 | C$3.0m |
| Net income | C$2.0m | C$201,344 | C$2.9m | C$1.2m | C$744,750 | C$37,164 | C$170,736 | C$2.2m |
| Diluted earnings per share | 0.11 | 0.01 | 0.16 | 0.06 | 0.04 | 0.00 | 0.01 | 0.12 |
| Cash from operations | −C$2.0m | −C$1.0m | C$3.0m | — | −C$1.0m | C$4.0m | −C$1.0m | C$3.0m |
| Total assets | C$35.6m | C$31.5m | C$33.6m | C$27.8m | C$27.1m | C$28.2m | C$28.5m | C$24.4m |
| Debt | C$956,716 | C$1.1m | C$1.3m | C$1.4m | C$1.6m | C$1.7m | C$1.9m | C$2.0m |
| Shareholders' equity | C$17.6m | C$15.3m | C$14.9m | C$12.2m | C$10.9m | C$10.7m | C$10.6m | C$10.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.6% | 11.7% | 9.6% |
| Operating income | 35.5% | 19.3% | 11.6% |
| Net income | 44.0% | 18.2% | 11.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.6% | 28.8% | 28.3% | 28.1% |
| Operating margin | 13.7% | 12.5% | 11.8% | 9.2% |
| Net margin | 9.9% | 8.7% | 8.2% | 7.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.4 | 18.6 | 7.6 | 8.4 | 26.8 | 10.0 | -11.9 | 3.1 | 11.0 | 9.1 |
| Price to sales | 1.2 | 1.5 | 0.7 | 0.5 | 1.4 | 0.9 | 0.8 | 0.6 | 0.8 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 21 Jan 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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