M
2.56
+2.81%
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$83.8m
FY2016FY2025
Net income
C$9.0m
FY2016FY2025
Free cash flow
−C$6.0m
FY2016FY2025
Shareholders' equity
C$68.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$83.8m | C$77.5m | C$69.7m | C$52.4m | C$32.8m | C$38.7m | C$53.4m | C$49.1m | C$40.0m | C$27.0m |
| Research and development | C$5.2m | C$4.7m | C$4.1m | C$3.0m | C$2.0m | C$2.2m | C$3.4m | C$3.0m | C$2.8m | C$1.0m |
| Operating income | C$10.4m | C$9.9m | C$7.7m | C$5.3m | C$4.8m | −C$1.2m | C$1.0m | −C$3.2m | −C$17.1m | −C$21.8m |
| Net income | C$9.0m | C$8.9m | C$6.5m | C$8.8m | C$4.1m | −C$2.2m | −C$486,000 | −C$3.8m | −C$16.3m | −C$35.9m |
| Diluted earnings per share | 0.32 | 0.32 | 0.24 | 0.31 | 0.13 | -0.09 | -0.02 | -0.16 | -0.68 | -1.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$94.3m | C$97.8m | C$77.2m | C$77.8m | C$55.1m | C$52.7m | C$59.6m | C$59.7m | C$57.4m | C$69.9m |
| Cash and short-term investments | C$3.0m | C$17.1m | C$15.7m | C$21.5m | C$11.1m | C$12.1m | C$8.4m | C$10.9m | C$15.0m | C$22.2m |
| Total liabilities | C$25.7m | C$31.7m | C$23.3m | C$26.1m | C$15.1m | C$17.2m | C$21.8m | C$19.3m | C$16.2m | C$10.1m |
| Debt | C$3.2m | C$4.0m | C$4.3m | C$10.1m | C$7.8m | C$11.3m | C$11.5m | C$4.8m | C$4.9m | — |
| Shareholders' equity | C$68.6m | C$66.2m | C$54.0m | C$51.7m | C$40.0m | C$35.5m | C$37.9m | C$40.4m | C$41.2m | C$59.8m |
| Shares outstanding | 28m | 28m | 27m | 28m | 31m | 24m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −C$1.7m | C$6.5m | C$6.7m | C$2.9m | C$1.5m | C$8.8m | C$6.9m | −C$5.0m | −C$1.3m | −C$7.2m |
| Capital spending | −C$4.2m | −C$3.5m | −C$4.5m | −C$1.9m | −C$4.0m | −C$3.8m | −C$3.6m | −C$1.2m | −C$1.9m | −C$914,000 |
| Free cash flow | −C$6.0m | C$3.1m | C$2.2m | C$973,000 | −C$2.5m | C$5.0m | C$3.3m | −C$6.2m | −C$3.2m | −C$8.1m |
| Dividends paid | −C$2.6m | −C$1.9m | −C$555,000 | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$17.2m | C$9.4m | C$25.6m | C$14.8m | C$24.1m | C$19.3m | C$25.2m | C$15.8m |
| Operating income | −C$225,000 | −C$3.6m | C$6.7m | C$376,000 | C$2.0m | C$1.3m | C$4.3m | C$883,000 |
| Net income | C$113,000 | −C$3.2m | C$6.1m | C$554,000 | C$1.4m | C$946,000 | C$4.3m | C$516,000 |
| Diluted earnings per share | 0.00 | -0.12 | 0.22 | 0.02 | 0.05 | 0.03 | 0.15 | 0.02 |
| Cash from operations | C$6.0m | C$1.0m | C$1.0m | — | — | −C$2.0m | C$7.0m | C$3.0m |
| Capital spending | — | — | — | −C$2.0m | −C$1.0m | −C$1.0m | −C$1.0m | −C$1.0m |
| Free cash flow | — | — | — | — | — | −C$3.0m | C$6.0m | C$2.0m |
| Total assets | C$87.0m | C$93.7m | C$94.3m | C$92.6m | C$95.6m | C$93.3m | C$97.8m | C$81.2m |
| Cash and short-term investments | C$8.3m | C$7.8m | C$3.0m | C$3.5m | C$6.6m | C$10.6m | C$17.1m | C$10.5m |
| Debt | C$1.9m | C$7.2m | C$3.2m | C$3.4m | C$3.7m | C$4.2m | C$4.0m | C$3.5m |
| Shareholders' equity | C$68.9m | C$67.3m | C$68.6m | C$64.1m | C$62.7m | C$65.8m | C$66.2m | C$58.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.9% | 16.7% | 0.2% |
| Operating income | 25.2% | — | — |
| Net income | 0.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.6% | 11.8% | 10.4% | -1.6% |
| Net margin | 11.1% | 11.7% | 9.9% | -5.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.1 | 8.8 | 8.6 | 3.1 | 5.0 | -5.3 | -29.6 | -6.3 | -2.0 | -1.3 |
| Price to sales | 1.0 | 1.0 | 0.8 | 0.5 | 0.6 | 0.3 | 0.3 | 0.5 | 0.8 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 31 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.09 | 0.03 | 0.10 | 0.20 | 0.20 | 0.18 | 0.09 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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