C
0.84
—
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$5.8m
FY2016FY2025
Net income
−C$407,550
FY2016FY2025
Free cash flow
−C$123,367
FY2016FY2025
Shareholders' equity
C$23.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$5.8m | C$7.9m | C$8.3m | C$11.6m | C$9.2m | C$6.5m | C$14.0m | C$13.5m | C$10.3m | C$9.3m |
| Gross profit | C$2.8m | C$3.8m | C$5.7m | C$5.8m | C$5.5m | C$3.8m | C$8.1m | C$7.5m | C$5.7m | C$5.2m |
| Research and development | C$1.4m | C$1.8m | C$1.3m | C$911,806 | C$746,899 | C$1.4m | C$1.5m | C$1.6m | C$1.5m | C$826,770 |
| Operating income | −C$1.1m | −C$887,364 | C$1.5m | C$956,295 | C$1.8m | −C$351,557 | C$3.3m | C$2.6m | C$1.5m | C$1.4m |
| Net income | −C$407,550 | −C$211,475 | C$1.7m | C$1.1m | C$1.4m | −C$94,557 | C$2.8m | C$2.3m | C$1.0m | C$1.0m |
| Diluted earnings per share | -0.01 | -0.00 | 0.04 | 0.03 | 0.03 | -0.00 | 0.07 | 0.06 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$25.9m | C$26.6m | C$26.6m | C$26.9m | C$26.3m | C$23.5m | C$23.3m | C$22.1m | C$20.8m | C$21.1m |
| Cash and short-term investments | — | — | C$15.4m | C$18.9m | C$17.1m | C$14.9m | C$15.2m | C$16.1m | C$15.1m | C$16.1m |
| Total liabilities | C$2.5m | C$3.0m | C$1.1m | C$1.7m | C$1.8m | C$1.1m | C$946,277 | C$1.7m | C$1.4m | C$1.2m |
| Debt | — | — | C$1 | C$302,149 | — | — | — | C$343,443 | — | C$160,669 |
| Shareholders' equity | C$23.3m | C$23.6m | C$25.5m | C$25.2m | C$24.5m | C$22.3m | C$22.3m | C$20.4m | C$19.5m | C$19.9m |
| Shares outstanding | 42m | 42m | 42m | 42m | 42m | 42m | 40m | 38m | 37m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −C$122,132 | C$2.6m | −C$1.6m | C$3.1m | C$2.5m | −C$196,166 | C$154,880 | C$2.6m | C$713,484 | C$3.4m |
| Capital spending | −C$1,235 | — | −C$124,177 | −C$39,863 | −C$4,762 | −C$35,122 | −C$53,118 | −C$9,251 | −C$26,264 | −C$24,196 |
| Free cash flow | −C$123,367 | C$2.6m | −C$1.7m | C$3.1m | C$2.5m | −C$231,288 | C$101,762 | C$2.6m | C$687,220 | C$3.4m |
| Dividends paid | — | −C$2.1m | −C$2.1m | −C$2.1m | −C$2.0m | −C$1.9m | −C$1.9m | −C$1.9m | −C$1.8m | −C$1.8m |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 | May 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$1.2m | C$1.6m | C$1.9m | C$1.6m | C$698,369 | C$1.4m | C$1.3m | C$2.6m |
| Gross profit | C$813,086 | C$672,545 | C$999,200 | C$869,775 | C$306,435 | −C$62,880 | C$700,182 | C$1.5m |
| Operating income | −C$216,877 | −C$111,649 | C$104,300 | −C$224,053 | −C$871,244 | −C$1.1m | −C$343,472 | C$43,130 |
| Net income | −C$162,822 | C$28,937 | C$155,200 | −C$90,860 | −C$500,851 | −C$543,076 | −C$120,700 | C$61,072 |
| Diluted earnings per share | -0.00 | 0.00 | 0.00 | -0.00 | -0.01 | -0.01 | -0.00 | 0.00 |
| Cash from operations | — | — | — | — | — | — | C$1.0m | — |
| Total assets | C$25.1m | C$25.9m | C$25.8m | C$25.5m | C$26.0m | C$26.6m | C$27.2m | C$26.0m |
| Cash and short-term investments | — | — | C$15.9m | — | — | — | — | C$16.0m |
| Debt | — | — | C$998,900 | — | — | — | — | — |
| Shareholders' equity | C$22.6m | C$23.3m | C$23.2m | C$23.0m | C$23.1m | C$23.6m | C$24.5m | C$25.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.8% | -2.2% | -5.7% |
| Operating income | — | 25.7% | — |
| Net income | — | 33.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 48.4% | 54.0% | 55.7% | 55.8% |
| Operating margin | -14.6% | 1.5% | 4.0% | 10.9% |
| Net margin | -4.5% | 6.5% | 7.2% | 11.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -84.4 | -237.1 | 34.8 | 49.1 | 71.5 | -1192.1 | 23.5 | 19.3 | 45.1 | 36.2 |
| Price to sales | 6.0 | 6.4 | 7.0 | 4.8 | 11.1 | 17.5 | 4.8 | 3.3 | 4.5 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Oct 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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