33.75
+6.84%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$1.04bn
FY2016FY2025
Net income
C$39.4m
FY2016FY2025
Free cash flow
C$27.6m
FY2016FY2025
Shareholders' equity
C$822.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$1.04bn | C$942.4m | C$879.6m | C$764.6m | C$688.4m | C$744.4m | C$1.02bn | C$966.8m | C$969.0m | C$1.00bn |
| Gross profit | C$140.7m | C$107.9m | C$89.0m | C$35.1m | C$48.3m | C$96.5m | C$157.0m | C$163.3m | C$175.8m | C$178.9m |
| Research and development | — | C$1.6m | C$2.3m | C$3.8m | C$4.2m | C$8.1m | C$8.9m | C$4.2m | C$8.6m | C$11.7m |
| Operating income | C$79.3m | C$51.0m | C$31.7m | −C$15.9m | C$6.7m | C$42.4m | C$89.4m | C$116.1m | C$124.1m | C$121.3m |
| Net income | C$39.4m | C$35.5m | C$9.2m | −C$21.7m | −C$977,000 | C$3.3m | C$67.4m | C$89.1m | C$111.3m | C$88.6m |
| Diluted earnings per share | 0.69 | 0.62 | 0.16 | -0.38 | -0.02 | 0.06 | 1.16 | 1.53 | 1.91 | 1.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$1.17bn | C$1.15bn | C$1.03bn | C$1.01bn | C$1.00bn | C$1.07bn | C$1.14bn | C$1.07bn | C$983.9m | C$992.9m |
| Cash and short-term investments | C$64.0m | C$56.4m | C$1.5m | C$40.9m | C$32.5m | C$113.9m | C$69.6m | C$63.3m | C$40.4m | C$7.6m |
| Total liabilities | C$340.0m | C$343.4m | C$287.7m | C$279.2m | C$238.0m | C$286.7m | C$325.3m | C$285.2m | C$289.7m | C$385.6m |
| Debt | C$88.6m | C$86.4m | C$80.7m | C$62.0m | C$67.8m | C$115.2m | C$118.9m | C$78.0m | C$86.9m | C$152.3m |
| Shareholders' equity | C$822.5m | C$799.4m | C$734.0m | C$728.4m | C$762.4m | C$782.5m | C$812.5m | C$787.7m | C$694.2m | C$607.3m |
| Shares outstanding | 57m | 57m | 57m | 57m | 58m | 58m | 58m | 58m | 58m | 58m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$78.6m | C$99.3m | −C$17.3m | C$58.5m | C$12.5m | C$106.0m | C$104.2m | C$100.0m | C$129.9m | C$155.0m |
| Capital spending | −C$51.0m | −C$36.1m | −C$24.3m | −C$24.5m | −C$22.3m | −C$26.0m | −C$57.1m | −C$51.1m | −C$64.2m | −C$53.0m |
| Free cash flow | C$27.6m | C$63.2m | −C$41.6m | C$34.1m | −C$9.8m | C$80.0m | C$47.1m | C$48.9m | C$65.8m | C$102.0m |
| Dividends paid | −C$10.0m | −C$5.7m | −C$5.7m | −C$15.0m | −C$24.2m | −C$24.4m | −C$23.6m | −C$20.7m | −C$16.3m | −C$13.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$305.6m | C$285.1m | C$278.3m | C$255.7m | C$249.8m | C$260.9m | C$240.7m | C$223.5m |
| Gross profit | C$47.1m | C$40.6m | C$45.2m | C$32.6m | C$33.3m | C$33.7m | C$32.4m | C$25.0m |
| Operating income | C$28.4m | C$23.2m | C$29.1m | C$16.5m | C$9.2m | C$18.5m | C$19.1m | C$10.2m |
| Net income | C$19.8m | C$16.5m | C$10.6m | C$12.7m | C$5.4m | C$10.8m | C$15.9m | C$5.8m |
| Diluted earnings per share | 0.35 | 0.29 | 0.19 | 0.22 | 0.09 | 0.19 | 0.28 | 0.10 |
| Cash from operations | C$6.0m | −C$1.0m | C$26.0m | C$4.0m | C$25.0m | C$21.0m | C$46.0m | C$18.0m |
| Capital spending | −C$12.0m | −C$15.0m | −C$21.0m | −C$10.0m | −C$8.0m | −C$13.0m | −C$13.0m | −C$7.0m |
| Free cash flow | −C$6.0m | −C$16.0m | C$5.0m | −C$6.0m | C$17.0m | C$8.0m | C$33.0m | C$11.0m |
| Total assets | C$1.28bn | C$1.23bn | C$1.17bn | C$1.19bn | C$1.16bn | C$1.18bn | C$1.15bn | C$1.11bn |
| Cash and short-term investments | C$40.8m | C$51.3m | C$64.0m | C$72.0m | C$81.4m | C$55.5m | C$56.4m | C$30.7m |
| Debt | C$39.6m | C$66.8m | C$88.6m | C$93.3m | C$92.0m | C$80.1m | C$86.4m | C$90.4m |
| Shareholders' equity | C$864.7m | C$838.7m | C$822.5m | C$822.3m | C$805.9m | C$815.8m | C$799.4m | C$765.0m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 13.5% | 11.4% | 10.1% | 4.6% | 7.0% | 13.0% | — |
| Operating margin | 5.4% | 5.5% | 2.8% | -2.1% | 0.7% | 2.4% | — |
| Net margin | 3.8% | 3.8% | 1.1% | -2.8% | -0.1% | 0.4% | — |
| Return on equity | 4.8% | 4.4% | 1.3% | -3.0% | -0.1% | 0.4% | — |
| Return on assets | 3.4% | 3.1% | 0.9% | -2.1% | -0.1% | 0.3% | — |
| Free cash flow yield | 6.7% | 7.0% | 0.4% | 4.3% | 1.8% | 6.8% | — |
| Revenue growth | 10.9% | 7.1% | 15.0% | 11.1% | -7.5% | -26.7% | — |
| Earnings growth | 11.1% | 283.8% | -142.6% | 2120.3% | -129.5% | -95.1% | — |
| Current ratio | 2.75x | 2.71x | 2.82x | 2.82x | 3.60x | 3.18x | — |
| Debt to equity | 0.07x | 0.07x | 0.07x | 0.05x | 0.05x | 0.10x | — |
| Equity ratio | 70.5% | 69.7% | 71.6% | 72.1% | 76.0% | 73.0% | — |
| Interest coverage | 33.77x | 13.28x | 7.05x | -5.80x | 1.71x | 5.19x | — |
| R&D as a share of sales | — | 0.2% | 0.3% | 0.5% | 0.6% | 1.1% | 0.9% |
| Buybacks as a share of market value | 0.3% | -0.0% | 0.4% | 0.5% | 0.0% | 0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.0% | 7.0% | 0.9% |
| Operating income | — | 13.3% | -3.0% |
| Net income | — | 64.1% | -6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.5% | 10.3% | 10.2% | 13.6% |
| Operating margin | 6.6% | 4.0% | 3.9% | 7.6% |
| Net margin | 3.8% | 1.7% | 1.3% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.8 | 16.3 | 48.6 | -26.5 | -588.5 | 152.8 | 12.2 | 9.8 | 11.0 | 11.8 |
| Price to sales | 1.0 | 0.6 | 0.5 | 0.8 | 0.8 | 0.7 | 0.8 | 0.9 | 1.3 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 15 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.175 | 0.10 | 0.10 | 0.26 | 0.42 | 0.42 | 0.405 |
- 5-to-1 reverse split · 26 May 2008
- 5-to-1 reverse split · 22 Oct 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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