P 
0.20
+5.26%
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$15.7m
FY2015FY2024
Net income
−C$6.7m
FY2015FY2024
Free cash flow
−C$2.7m
FY2015FY2024
Shareholders' equity
−C$3.5m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$15.7m | C$12.3m | C$19.0m | C$31.1m | C$17.8m | C$4.8m | C$5.0m | C$7.2m | C$5.2m | C$6.2m |
| Gross profit | C$5.3m | C$3.4m | C$8.1m | C$12.4m | C$10.3m | C$1.3m | C$1.1m | C$3.1m | −C$2.0m | C$293,839 |
| Research and development | C$785,900 | C$2.2m | C$2.3m | C$2.5m | — | C$851,512 | C$892,045 | C$289,851 | C$92,179 | C$136,804 |
| Operating income | −C$7.4m | −C$30.0m | −C$23.3m | −C$17.4m | −C$1.4m | −C$5.7m | −C$6.3m | −C$2.3m | −C$6.4m | −C$4.5m |
| Net income | −C$6.7m | −C$28.5m | −C$32.2m | −C$38.4m | C$41.8m | −C$9.2m | −C$7.8m | −C$6.2m | −C$7.0m | −C$4.9m |
| Diluted earnings per share | -0.04 | -0.16 | -0.19 | -0.23 | 0.26 | -0.06 | -0.06 | -0.05 | -0.07 | -0.05 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$29.2m | C$28.4m | C$47.7m | C$69.8m | C$74.5m | C$9.6m | C$8.8m | C$5.8m | C$3.2m | C$7.1m |
| Cash and short-term investments | C$3.0m | C$1.8m | C$3.5m | C$12.2m | C$18.1m | — | — | — | — | — |
| Total liabilities | C$32.7m | C$31.3m | C$30.8m | C$29.0m | C$15.1m | C$15.7m | C$9.8m | C$11.9m | C$7.7m | C$6.5m |
| Debt | C$9.0m | C$9.2m | C$6.9m | C$5.5m | C$3.1m | — | C$3.0m | C$4.6m | C$4.2m | C$3.8m |
| Shareholders' equity | −C$3.5m | −C$2.8m | C$16.9m | C$40.8m | C$59.4m | −C$6.1m | −C$1.0m | −C$6.1m | −C$4.4m | C$615,571 |
| Shares outstanding | 181m | 178m | 171m | 167m | 158m | 142m | 134m | 116m | 102m | 94m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −C$2.1m | −C$12.0m | −C$11.1m | −C$18.1m | −C$810,000 | −C$3.2m | −C$3.3m | −C$1.7m | −C$1.4m | −C$3.4m |
| Capital spending | −C$624,800 | −C$324,800 | −C$690,000 | −C$1.8m | −C$820,000 | −C$988,626 | −C$1.5m | −C$1.8m | −C$452,520 | −C$22,808 |
| Free cash flow | −C$2.7m | −C$12.4m | −C$11.8m | −C$19.9m | −C$1.6m | −C$4.2m | −C$4.7m | −C$3.5m | −C$1.8m | −C$3.5m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$3.2m | C$3.0m | C$3.0m | C$4.2m | C$4.0m | C$3.9m | C$3.5m | C$3.0m |
| Gross profit | C$774,400 | C$1.7m | C$798,500 | C$1.7m | C$1.7m | C$1.1m | C$756,400 | C$703,700 |
| Operating income | −C$2.1m | −C$2.2m | −C$3.4m | −C$97,600 | −C$3.5m | C$477,400 | −C$4.3m | −C$9.2m |
| Net income | −C$2.3m | −C$2.9m | −C$4.3m | C$145,300 | −C$3.8m | C$1.4m | −C$4.4m | −C$9.8m |
| Diluted earnings per share | -0.01 | -0.02 | -0.02 | 0.00 | -0.02 | 0.01 | -0.02 | -0.06 |
| Total assets | C$18.9m | C$22.0m | C$26.0m | C$29.2m | C$25.4m | C$29.5m | C$26.0m | C$28.4m |
| Cash and short-term investments | C$100,400 | C$1.2m | C$224,200 | C$3.0m | C$38,700 | C$3.4m | C$169,900 | C$1.8m |
| Debt | C$4.8m | C$5.0m | C$3.8m | C$4.2m | C$4.6m | C$6.1m | C$5.1m | C$7.6m |
| Shareholders' equity | −C$10.9m | −C$8.5m | −C$6.6m | −C$3.5m | −C$5.1m | −C$5.0m | −C$6.8m | −C$2.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.4% | 26.6% | 10.5% |
| Operating income | -24.8% | 5.2% | 9.2% |
| Net income | -44.2% | -6.2% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.2% | 37.5% | 40.6% | 34.7% |
| Operating margin | -133.4% | -99.9% | -84.5% | -82.7% |
| Net margin | -125.7% | -135.5% | -72.7% | -78.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.5 | -2.7 | -5.5 | -14.4 | 13.7 | -7.1 | -8.8 | -11.9 | -3.0 | -4.2 |
| Price to sales | 6.6 | 6.2 | 9.3 | 17.9 | 32.1 | 13.6 | 13.8 | 10.2 | 3.9 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-0.323 reverse split · 20 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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