O 
9.35p
+3.89%
Close of 9 Nov 2026, in pence
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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$2.7m
FY2017FY2025
Net income
−C$29.6m
FY2017FY2025
Free cash flow
−C$24.0m
FY2017FY2025
Shareholders' equity
C$3.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$2.7m | C$2.0m | C$1.2m | C$638,000 | C$2.6m | C$1.8m | C$464,000 | C$373,000 | C$412,000 |
| Gross profit | C$1.1m | C$1.3m | C$703,000 | C$287,000 | C$1.3m | C$649,000 | C$136,000 | −C$112,000 | C$101,000 |
| Research and development | C$21.3m | C$9.2m | C$5.1m | C$6.3m | C$5.0m | C$3.3m | C$3.4m | C$4.1m | C$3.3m |
| Operating income | −C$30.0m | −C$19.4m | −C$14.8m | −C$18.8m | −C$17.5m | −C$15.9m | −C$14.0m | −C$16.5m | −C$5.8m |
| Net income | −C$29.6m | −C$19.1m | −C$14.4m | −C$19.4m | −C$50.1m | −C$16.3m | −C$14.0m | −C$16.7m | −C$6.4m |
| Diluted earnings per share | -0.06 | -0.06 | -0.07 | -0.10 | -0.26 | -0.08 | -0.03 | -0.03 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$14.4m | C$12.8m | C$5.7m | C$16.6m | C$34.1m | C$2.6m | C$2.9m | C$4.5m | C$5.6m |
| Cash and short-term investments | C$10.6m | C$9.8m | C$3.0m | C$13.1m | C$30.4m | C$626,000 | C$306,000 | C$1.4m | C$1.8m |
| Total liabilities | C$10.9m | C$5.9m | C$3.6m | C$4.9m | C$4.5m | C$36.5m | C$29.0m | C$22.4m | C$12.2m |
| Debt | C$413,496 | C$168,000 | C$541,000 | C$896,000 | C$739,000 | C$31.5m | C$28.0m | C$20.8m | C$10.8m |
| Shareholders' equity | C$3.5m | C$6.9m | C$2.1m | C$11.6m | C$29.7m | −C$33.8m | −C$26.1m | −C$17.9m | −C$6.5m |
| Shares outstanding | 488m | 303m | 200m | 195m | 195m | 195m | 532m | 532m | 532m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −C$23.9m | −C$15.5m | −C$13.7m | −C$16.3m | −C$12.5m | −C$6.3m | −C$7.6m | −C$10.1m | −C$5.3m |
| Capital spending | −C$117,293 | −C$10,000 | −C$177,000 | −C$311,000 | −C$77,000 | −C$99,000 | −C$33,000 | −C$134,000 | −C$433,000 |
| Free cash flow | −C$24.0m | −C$15.5m | −C$13.8m | −C$16.7m | −C$12.6m | −C$6.4m | −C$7.6m | −C$10.2m | −C$5.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$1.2m | C$1.6m | C$1.0m | C$1.2m | C$865,229 | C$766,822 | C$8,135 | C$7,455 |
| Gross profit | C$552,252 | C$711,240 | C$385,180 | C$533,856 | C$258,865 | C$174,144 | −C$817 | −C$1,864 |
| Operating income | −C$15.7m | −C$17.4m | −C$12.9m | −C$11.7m | −C$7.9m | −C$6.7m | −C$152,626 | −C$231,727 |
| Net income | −C$16.0m | −C$16.9m | −C$12.9m | −C$11.4m | −C$7.8m | −C$6.4m | −C$150,158 | −C$214,170 |
| Diluted earnings per share | -0.03 | -0.03 | -0.03 | -0.04 | -0.03 | -0.03 | -0.00 | -0.00 |
| Cash from operations | −C$13.0m | −C$13.0m | −C$10.0m | −C$8.0m | −C$7.0m | −C$5.0m | — | — |
| Total assets | C$8.9m | C$14.4m | C$8.8m | C$12.8m | C$4.0m | C$5.7m | C$7.4m | C$16.6m |
| Cash and short-term investments | C$5.4m | C$10.6m | C$5.6m | C$9.8m | C$1.2m | C$3.0m | C$4.4m | C$13.1m |
| Debt | C$278,874 | C$312,375 | C$307,149 | C$168,000 | C$351,000 | C$382,000 | C$401,000 | C$359,000 |
| Shareholders' equity | −C$3.2m | C$3.5m | C$728,726 | C$6.9m | C$19,000 | C$2.1m | C$4.1m | C$11.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 60.8% | 8.2% | 64.4% |
| Operating income | 17.0% | 13.6% | 78.8% |
| Net income | 15.2% | 12.7% | 79.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.3% | 52.0% | 48.7% | 44.8% |
| Operating margin | -1052.5% | -1269.4% | -1068.0% | -1253.8% |
| Net margin | -1035.6% | -1260.6% | -1365.1% | -1525.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -2.7 | -2.6 | -2.3 | -2.4 | -2.5 |
| Price to sales | 30.2 | 24.3 | 27.3 | 74.0 | 49.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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