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19.52
+2.57%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$202.5m
FY2017FY2025
Net income
C$3.1m
FY2017FY2025
Free cash flow
C$11.3m
FY2017FY2025
Shareholders' equity
C$62.3m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$202.5m | C$159.3m | C$120.5m | C$91.6m | C$82.4m | C$75.2m | C$36.9m | C$47.6m | C$43.0m |
| Gross profit | C$71.3m | C$53.6m | C$40.8m | C$29.2m | C$20.9m | C$21.4m | C$10.8m | C$13.2m | C$11.8m |
| Research and development | — | — | C$817,000 | C$681,000 | C$817,000 | C$642,000 | — | — | — |
| Operating income | C$8.3m | C$5.4m | −C$1.9m | −C$4.4m | −C$17.4m | C$122,000 | C$1.9m | C$6.7m | C$7.2m |
| Net income | C$3.1m | C$3.1m | −C$2.2m | −C$4.6m | −C$14.6m | −C$6.6m | C$53,000 | C$4.4m | C$5.4m |
| Diluted earnings per share | 0.09 | 0.09 | -0.07 | -0.15 | -0.47 | -0.23 | 0.01 | 0.14 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$113.0m | C$103.0m | C$87.6m | C$93.9m | C$90.9m | C$54.7m | C$53.4m | C$6.0m | C$6.1m |
| Cash and short-term investments | C$33.7m | C$19.3m | C$16.0m | C$18.8m | C$20.5m | C$2.3m | C$3.4m | C$2.9m | C$3.1m |
| Total liabilities | C$50.6m | C$45.1m | C$36.2m | C$40.2m | C$36.2m | C$55.2m | C$47.2m | C$4.4m | C$5.1m |
| Debt | C$15.8m | C$12.6m | C$15.4m | C$19.4m | C$22.9m | C$40.7m | C$38.1m | — | — |
| Shareholders' equity | C$62.3m | C$57.9m | C$51.4m | C$53.7m | C$54.8m | −C$573,000 | C$6.2m | C$1.6m | C$971,000 |
| Shares outstanding | 34m | 34m | 31m | 31m | 31m | 29m | 8m | 31m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$11.5m | C$13.0m | C$2.4m | C$4.7m | −C$19.5m | C$4.2m | C$4.1m | C$3.7m | C$3.3m |
| Capital spending | −C$136,000 | −C$3.2m | −C$563,000 | −C$258,000 | −C$3.6m | −C$225,000 | −C$993,000 | −C$2,000 | −C$10,000 |
| Free cash flow | C$11.3m | C$9.9m | C$1.8m | C$4.4m | −C$23.1m | C$4.0m | C$3.2m | C$3.7m | C$3.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$58.4m | C$57.5m | C$53.9m | C$52.4m | C$49.6m | C$46.6m | C$44.8m | C$41.9m |
| Gross profit | C$21.9m | C$23.3m | C$18.7m | C$17.9m | C$18.0m | C$17.1m | C$16.3m | C$13.8m |
| Operating income | C$953,000 | C$3.2m | C$2.2m | C$2.7m | −C$361,000 | C$2.5m | C$4.1m | C$340,000 |
| Net income | C$1.5m | C$2.0m | C$264,000 | C$1.9m | −C$694,000 | C$1.6m | C$2.7m | C$132,000 |
| Diluted earnings per share | 0.04 | 0.06 | 0.01 | 0.06 | -0.02 | 0.05 | 0.08 | 0.00 |
| Cash from operations | C$7.0m | −C$4.0m | C$6.0m | C$2.0m | C$1.0m | — | C$3.0m | C$2.0m |
| Capital spending | −C$1.0m | — | — | — | — | — | −C$1.0m | −C$1.0m |
| Free cash flow | C$6.0m | — | — | — | — | — | C$2.0m | C$1.0m |
| Total assets | C$109.7m | C$107.5m | C$113.0m | C$98.9m | C$94.3m | C$101.2m | C$103.0m | C$94.9m |
| Cash and short-term investments | C$27.4m | C$22.0m | C$33.7m | C$19.7m | C$18.1m | C$17.7m | C$19.3m | C$19.1m |
| Debt | C$887,000 | C$1.1m | C$16.6m | C$7.2m | C$7.7m | C$9.5m | C$12.6m | C$13.0m |
| Shareholders' equity | C$72.8m | C$69.9m | C$62.3m | C$62.0m | C$59.2m | C$60.9m | C$57.9m | C$53.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 30.2% | 21.9% | — |
| Operating income | — | 132.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.5% | 34.0% | 32.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 201.0 | 92.4 | -88.6 | -18.4 | -6.2 |
| Price to sales | 3.1 | 1.8 | 1.6 | 0.9 | 1.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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