M 
3.78
+0.80%
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$28.9m
FY2016FY2025
Net income
−C$7.1m
FY2016FY2025
Free cash flow
−C$560,000
FY2016FY2025
Shareholders' equity
C$12.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$28.9m | C$21.9m | C$21.7m | C$23.1m | C$21.7m | C$11.6m | C$20.2m | C$29.1m | C$27.1m | C$37.8m |
| Research and development | C$3.2m | C$3.1m | C$2.4m | C$2.8m | C$1.8m | C$3.3m | C$4.3m | C$6.7m | C$5.1m | C$5.1m |
| Operating income | −C$6.9m | −C$2.7m | −C$854,000 | C$1.2m | −C$574,000 | −C$7.3m | −C$10.7m | −C$1.2m | C$3.7m | C$6.7m |
| Net income | −C$7.1m | −C$1.0m | −C$922,000 | C$1.4m | −C$727,000 | −C$6.8m | −C$19.8m | C$3.9m | C$43.4m | C$27.7m |
| Diluted earnings per share | -0.68 | -0.10 | -0.09 | 0.13 | -0.07 | -0.67 | -1.32 | 0.25 | 2.78 | 1.84 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$24.9m | C$29.7m | C$28.1m | C$29.9m | C$28.4m | C$34.1m | C$42.3m | C$103.8m | C$128.9m | C$214.7m |
| Cash and short-term investments | — | — | C$6.4m | C$4.9m | C$3.7m | C$2.7m | C$13.0m | C$71.9m | C$5.3m | C$12.3m |
| Total liabilities | C$12.0m | C$8.9m | C$8.2m | C$8.9m | C$10.0m | C$14.9m | C$15.3m | C$20.2m | C$48.2m | C$175.8m |
| Debt | — | — | C$544,000 | C$849,000 | C$1.2m | C$1.4m | C$1.1m | — | C$400,495 | C$72.8m |
| Shareholders' equity | C$12.9m | C$20.8m | C$19.9m | C$21.0m | C$18.4m | C$19.1m | C$26.9m | C$83.6m | C$80.7m | C$36.9m |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 10m | 15m | 16m | 16m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −C$560,000 | C$1.4m | C$2.1m | C$1.8m | C$4.0m | −C$2.2m | −C$14.6m | C$742,273 | C$21.9m | C$6.4m |
| Capital spending | — | −C$739,000 | −C$270,000 | −C$310,000 | −C$818,000 | −C$2,000 | −C$13.8m | −C$1.5m | −C$1.3m | −C$464,208 |
| Free cash flow | −C$560,000 | C$638,000 | C$1.8m | C$1.5m | C$3.2m | −C$2.2m | −C$28.5m | −C$735,761 | C$20.6m | C$5.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$7.4m | C$7.9m | C$8.5m | C$8.2m | C$6.7m | C$5.5m | C$5.9m | C$5.2m |
| Operating income | −C$1.4m | −C$381,000 | −C$4.2m | −C$1.3m | −C$699,000 | −C$655,000 | −C$500,000 | −C$1.2m |
| Net income | −C$1.4m | −C$406,000 | −C$4.2m | −C$1.4m | −C$786,000 | −C$694,000 | −C$553,000 | C$680,000 |
| Diluted earnings per share | -0.14 | -0.04 | -0.40 | -0.13 | -0.08 | -0.07 | -0.05 | 0.07 |
| Cash from operations | — | −C$1.0m | — | — | — | — | C$2.0m | — |
| Total assets | C$22.6m | C$23.4m | C$24.9m | C$26.7m | C$28.4m | C$29.8m | C$29.7m | C$28.5m |
| Shareholders' equity | C$11.6m | C$12.6m | C$12.9m | C$17.3m | C$18.3m | C$20.1m | C$20.8m | C$20.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 20.0% | 2.7% |
| Operating income | — | -1.1% | — |
| Net income | — | 0.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.0% | -9.7% | -13.3% | -5.3% |
| Net margin | -16.0% | -8.1% | -11.8% | 15.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -8.8 | -15.8 | 7.6 | -13.0 | -1.8 | -3.3 | 24.7 | 2.7 | 5.6 |
| Price to sales | 0.4 | 0.4 | 0.7 | 0.5 | 0.4 | 1.1 | 3.3 | 3.3 | 4.3 | 4.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 2 Nov 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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