N 
23.03
+5.89%
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.
Net income
−C$123.3m
FY2019FY2025
Free cash flow
−C$93.5m
FY2019FY2025
Shareholders' equity
C$439.6m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross profit | −C$70,671 | — | — | — | — | — | — |
| Operating income | −C$129.6m | C$77.1m | C$49.0m | C$34.4m | C$7.7m | C$6.1m | C$5.3m |
| Net income | −C$123.3m | −C$63.6m | −C$37.7m | −C$32.4m | −C$5.5m | −C$5.9m | −C$5.3m |
| Diluted earnings per share | -0.58 | -0.33 | -0.20 | -0.19 | -0.04 | -0.05 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | C$456.6m | C$208.6m | C$81.3m | C$32.3m | C$25.7m | C$5.4m | C$10.8m |
| Cash and short-term investments | C$447.8m | C$198.6m | C$74.7m | C$23.2m | C$21.0m | C$898,818 | C$5.6m |
| Total liabilities | C$17.0m | C$13.5m | C$7.8m | C$8.3m | C$2.3m | C$936,493 | C$718,065 |
| Debt | C$3.7m | C$956,000 | C$634,700 | — | — | — | — |
| Shareholders' equity | C$439.6m | C$195.0m | C$73.5m | C$24.0m | C$23.4m | C$4.4m | C$9.8m |
| Shares outstanding | 212m | 190m | 187m | 168m | 130m | 125m | 125m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −C$93.5m | −C$46.2m | −C$27.1m | −C$27.2m | −C$4.0m | −C$4.3m | −C$4,545 |
| Capital spending | — | −C$2.5m | −C$323,342 | −C$126,220 | −C$125,756 | −C$133,558 | −C$771 |
| Free cash flow | −C$93.5m | −C$48.7m | −C$27.4m | −C$27.3m | −C$4.2m | −C$4.4m | −C$5,316 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −C$17,972 | −C$18,471 | −C$17,071 | −C$17,237 | — | — | — |
| Operating income | C$23.1m | −C$47.8m | −C$37.6m | −C$31.0m | C$20.7m | C$40.2m | C$30.6m | C$12.3m |
| Net income | −C$20.0m | −C$44.1m | −C$38.1m | −C$28.7m | −C$21.4m | −C$35.1m | −C$26.4m | −C$9.8m |
| Diluted earnings per share | -0.09 | -0.20 | -0.18 | -0.14 | -0.10 | -0.17 | -0.14 | -0.05 |
| Cash from operations | −C$36.0m | −C$29.0m | −C$27.0m | −C$11.0m | −C$25.0m | −C$28.0m | −C$16.0m | −C$7.0m |
| Total assets | C$477.8m | C$666.5m | C$456.6m | C$142.9m | C$152.1m | C$180.6m | C$208.6m | C$54.0m |
| Cash and short-term investments | C$467.4m | C$655.0m | C$447.8m | C$132.2m | C$143.3m | C$169.8m | C$198.6m | C$44.1m |
| Debt | — | — | C$3.7m | C$923,830 | C$905,550 | — | — | — |
| Shareholders' equity | C$433.4m | C$636.1m | C$439.6m | C$131.3m | C$144.5m | C$164.0m | C$195.0m | C$48.1m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -28.1% | -32.6% | -51.3% | -135.0% | -23.3% | -132.7% |
| Return on assets | -27.0% | -30.5% | -46.4% | -100.3% | -21.2% | -109.6% |
| Free cash flow yield | — | -1.0% | -0.6% | -0.7% | — | — |
| Earnings growth | 93.9% | 68.6% | 16.4% | 494.0% | -7.4% | 11.0% |
| Current ratio | 33.83x | 16.02x | 10.69x | 3.76x | 11.21x | 1.93x |
| Debt to equity | 0.01x | 0.00x | 0.01x | 0.00x | — | — |
| Equity ratio | 96.3% | 93.5% | 90.4% | 74.3% | 90.9% | 82.6% |
| Interest coverage | -1632.26x | -1415.88x | -686.27x | -681.87x | -55.59x | -232.01x |
| Buybacks as a share of market value | -11.5% | -1.7% | -11.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Net income | 56.1% | 83.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -44.0 | -40.1 | -35.5 | -16.0 | -44.1 | -11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 27 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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