C 
15.33
+4.78%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue, before interest expense
C$2.24bn
FY2017FY2026
Net income
−C$132.9m
FY2017FY2026
Total assets
C$7.78bn
FY2017FY2026
Shareholders' equity
C$780.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | C$2.24bn | C$1.77bn | C$1.48bn | C$1.51bn | C$2.05bn | C$2.01bn | C$1.22bn | C$1.19bn | C$1.02bn | C$879.5m |
| Research and development | C$74.9m | C$59.0m | C$49.8m | C$36.1m | C$22.4m | C$27.2m | C$12.1m | C$15.5m | C$7.7m | C$12.2m |
| Operating income | C$235.0m | C$185.5m | C$149.7m | C$127.5m | C$425.7m | C$409.5m | C$135.7m | C$168.6m | C$68.9m | C$66.6m |
| Net income | −C$132.9m | −C$17.5m | −C$13.2m | −C$90.1m | C$246.3m | C$263.8m | C$86.5m | C$70.5m | C$13.0m | C$38.1m |
| Diluted earnings per share | -1.25 | -0.17 | -0.14 | -0.86 | 2.84 | 2.42 | 0.70 | 0.56 | 0.10 | 0.34 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$7.78bn | C$6.72bn | C$6.13bn | C$6.30bn | C$7.25bn | C$7.63bn | C$5.96bn | C$4.75bn | C$4.02bn | C$5.20bn |
| Cash and short-term investments | C$2.59bn | C$1.90bn | C$1.43bn | C$1.72bn | C$2.84bn | C$2.92bn | C$1.93bn | C$1.51bn | C$1.33bn | C$1.46bn |
| Total liabilities | C$6.57bn | C$5.36bn | C$4.77bn | C$4.90bn | C$5.83bn | C$6.52bn | C$5.03bn | C$3.87bn | C$3.17bn | C$4.43bn |
| Debt | C$594.2m | C$1.37bn | C$1.10bn | C$433.9m | C$285.1m | C$348.8m | C$334.4m | C$209.9m | C$136.0m | C$89.2m |
| Shareholders' equity | C$780.6m | C$959.8m | C$995.6m | C$1.05bn | C$1.18bn | C$1.11bn | C$928.6m | C$876.4m | C$841.4m | C$764.8m |
| Shares outstanding | 106m | 100m | 96m | 105m | 87m | 109m | 124m | 126m | 129m | 114m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | C$573.6m | C$615.9m | C$637.9m | C$535.8m | C$448.4m | C$461.2m | C$451.0m | C$428.6m |
| Operating income | C$70.8m | C$152.8m | C$98.4m | C$3.6m | C$45.7m | C$44.7m | C$45.2m | C$61.4m |
| Net income | C$11.4m | C$74.1m | C$21.8m | −C$200.7m | −C$28.1m | C$1.7m | −C$22.5m | −C$1.9m |
| Diluted earnings per share | 0.11 | 0.70 | 0.22 | -2.00 | -0.28 | 0.02 | -0.23 | -0.02 |
| Total assets | C$7.21bn | C$7.78bn | C$6.61bn | C$7.36bn | C$6.87bn | C$6.72bn | C$5.46bn | C$6.63bn |
| Cash and short-term investments | C$1.66bn | C$2.59bn | C$2.30bn | C$2.07bn | C$1.96bn | C$1.90bn | C$1.72bn | C$1.82bn |
| Debt | C$1.22bn | C$594.2m | C$1.39bn | C$1.65bn | C$1.48bn | C$770.8m | C$1.14bn | C$1.23bn |
| Shareholders' equity | C$781.1m | C$780.6m | C$694.4m | C$690.9m | C$889.0m | C$959.8m | C$964.5m | C$977.4m |
Financial ratios
Data as of 5 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.3% | 10.5% | 10.1% | 1.3% | 19.6% | 19.8% |
| Net margin | -5.9% | -1.0% | -0.9% | -6.0% | 12.0% | 13.1% |
| Return on equity | -17.0% | -1.8% | -1.3% | -8.5% | 20.9% | 23.8% |
| Return on assets | -1.7% | -0.3% | -0.2% | -1.4% | 3.4% | 3.5% |
| Revenue growth | 26.5% | 19.6% | -2.1% | -26.2% | 1.9% | 64.0% |
| Earnings growth | 659.3% | 32.9% | -85.4% | -136.6% | -6.6% | 205.0% |
| Current ratio | 1.14x | 1.19x | 1.21x | 1.17x | 1.14x | 1.09x |
| Debt to equity | 0.76x | 0.59x | 0.42x | 0.32x | 0.16x | 0.25x |
| Equity ratio | 10.0% | 14.3% | 16.2% | 16.7% | 16.2% | 14.5% |
| Interest coverage | 0.93x | 1.41x | 1.62x | 0.37x | 17.03x | 14.04x |
| R&D as a share of sales | 3.3% | 3.3% | 3.4% | 2.4% | 1.1% | 1.4% |
| Buybacks as a share of market value | -5.7% | -4.3% | 8.1% | -20.4% | 20.4% | 11.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.0% | 2.2% | 11.0% |
| Operating income | 22.6% | -10.5% | — |
| Net income | 13.8% | — | -9.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.5% | 10.0% | 13.9% | 12.1% |
| Net margin | -3.8% | -3.6% | 2.3% | 0.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.8 | -63.3 | -73.8 | -8.8 | 3.0 | 6.2 | 16.0 | 8.6 | 57.2 | 17.3 |
| Price to sales | 0.7 | 0.6 | 0.7 | 0.5 | 0.4 | 0.8 | 1.1 | 0.5 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 28 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.34 | 0.34 | 0.34 | 0.34 | 0.31 | 0.225 | 0.31 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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