N 
1.39
-4.79%
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$128.9m
FY2016FY2025
Net income
−C$9.7m
FY2016FY2025
Free cash flow
−C$8.4m
FY2016FY2025
Shareholders' equity
C$99.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$128.9m | C$130.0m | C$122.7m | C$92.4m | C$66.9m | C$65.2m | C$69.5m | C$8.7m | — | C$388,170 |
| Research and development | C$5.1m | C$4.8m | C$3.4m | C$3.6m | C$3.6m | C$3.1m | C$2.5m | C$1.1m | C$1.1m | C$1.1m |
| Operating income | −C$8.5m | −C$10.5m | −C$12.1m | −C$18.6m | −C$16.6m | −C$7.0m | −C$8.3m | −C$4.4m | −C$51,330 | −C$1.4m |
| Net income | −C$9.7m | −C$11.7m | −C$12.8m | −C$15.5m | −C$11.8m | −C$8.3m | −C$10.6m | −C$6.1m | −C$68,037 | −C$1.5m |
| Diluted earnings per share | -0.06 | -0.07 | -0.08 | -0.10 | -0.08 | -0.06 | -0.09 | -0.06 | -0.00 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$151.0m | C$160.0m | — | C$167.3m | C$145.3m | C$113.6m | C$92.8m | C$26.9m | C$671,634 | C$5.1m |
| Cash and short-term investments | C$19.0m | C$27.0m | — | C$51.2m | C$50.5m | — | — | — | — | — |
| Total liabilities | C$52.0m | C$52.0m | — | C$49.7m | C$42.3m | C$52.7m | C$54.7m | C$11.1m | C$541,362 | C$4.1m |
| Debt | C$23.0m | C$21.0m | — | C$29.3m | C$22.6m | C$30.3m | C$33.9m | C$5.9m | C$2.2m | C$2.3m |
| Shareholders' equity | C$99.0m | C$108.0m | — | C$117.5m | C$103.0m | C$61.0m | C$38.1m | C$15.8m | C$130,272 | C$1.0m |
| Shares outstanding | 171m | 170m | 167m | 161m | 148m | 142m | 121m | 94m | 81m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$6.0m | C$4.4m | C$2.4m | −C$20.1m | −C$6.1m | −C$2.9m | −C$3.9m | −C$3.3m | −C$1.7m | −C$1.2m |
| Capital spending | −C$14.3m | −C$9.8m | −C$8.2m | −C$4.1m | −C$8.9m | −C$19.1m | −C$9.7m | −C$538,142 | −C$647,540 | −C$184,489 |
| Free cash flow | −C$8.4m | −C$5.4m | −C$5.7m | −C$24.2m | −C$15.1m | −C$22.0m | −C$13.6m | −C$3.8m | −C$2.3m | −C$1.4m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$27.6m | C$23.4m | C$31.7m | C$30.4m | C$33.1m | C$33.7m | C$38.1m | C$33.9m |
| Operating income | −C$3.1m | −C$4.6m | −C$2.3m | −C$1.8m | −C$2.2m | −C$2.2m | −C$1.1m | −C$2.9m |
| Net income | −C$3.8m | −C$3.8m | −C$2.3m | −C$1.7m | −C$2.9m | −C$2.7m | −C$2.4m | −C$3.1m |
| Diluted earnings per share | -0.02 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | -0.01 | -0.02 |
| Cash from operations | −C$6.0m | −C$6.0m | C$1.0m | C$4.0m | C$1.0m | −C$2.0m | — | C$4.0m |
| Capital spending | −C$3.0m | −C$3.0m | −C$5.0m | −C$3.0m | −C$1.0m | −C$3.0m | −C$3.0m | −C$1.0m |
| Free cash flow | −C$9.0m | −C$9.0m | −C$4.0m | C$1.0m | C$0 | −C$5.0m | — | C$3.0m |
| Total assets | C$179.3m | C$157.4m | C$151.2m | C$150.9m | C$151.7m | C$152.0m | C$160.0m | C$156.7m |
| Cash and short-term investments | C$30.1m | C$10.1m | C$18.6m | C$20.7m | C$21.1m | C$21.3m | C$26.5m | C$29.8m |
| Debt | C$35.6m | C$29.4m | C$16.2m | C$14.5m | C$15.8m | C$14.0m | C$13.0m | C$10.9m |
| Shareholders' equity | C$117.2m | C$95.7m | C$99.4m | C$101.0m | C$102.2m | C$105.0m | C$108.0m | C$109.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.7% | 14.6% | 109.9% |
| Operating income | -23.0% | 4.0% | 26.3% |
| Net income | -14.7% | 3.1% | 27.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.3% | -10.5% | -12.1% | — |
| Net margin | -8.2% | -10.5% | -11.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -45.2 | -37.4 | -31.6 | -26.9 | -81.9 | -71.9 | -15.5 | -22.3 |
| Price to sales | 3.4 | 3.4 | 3.3 | 4.5 | 14.5 | 9.1 | 2.4 | 15.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 8 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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