B 
17.90
+1.13%
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$43.1m
FY2016FY2025
Net income
C$9.0m
FY2016FY2025
Free cash flow
C$8.6m
FY2016FY2025
Shareholders' equity
C$41.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$43.1m | C$35.0m | C$31.6m | C$27.9m | C$28.6m | C$22.3m | C$21.4m | C$21.5m | C$20.8m | C$17.9m |
| Gross profit | C$33.0m | C$27.9m | C$25.1m | C$22.9m | C$22.6m | C$17.4m | C$16.6m | C$16.6m | C$16.0m | C$14.1m |
| Research and development | C$341,049 | C$171,373 | C$83,271 | C$218,499 | C$276,542 | C$241,558 | C$90,114 | C$107,457 | C$79,877 | C$63,841 |
| Operating income | C$11.3m | C$9.1m | C$7.5m | C$7.0m | C$8.2m | C$5.0m | C$5.4m | C$6.8m | C$6.9m | C$5.8m |
| Net income | C$9.0m | C$7.3m | C$6.5m | C$5.5m | C$6.3m | C$3.8m | C$4.4m | C$5.7m | C$5.2m | C$4.3m |
| Diluted earnings per share | 0.80 | 0.63 | 0.55 | 0.45 | 0.50 | 0.29 | 0.32 | 0.40 | 0.36 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$49.4m | C$41.4m | C$41.5m | C$40.5m | C$37.2m | C$33.6m | C$31.0m | C$31.2m | C$25.1m | C$19.2m |
| Cash and short-term investments | — | — | C$26.2m | C$28.7m | C$28.2m | C$25.6m | C$22.0m | C$24.4m | C$19.3m | C$13.7m |
| Total liabilities | C$8.0m | C$6.4m | C$6.8m | C$7.1m | C$5.6m | C$6.8m | C$5.2m | C$3.6m | C$2.9m | C$2.5m |
| Debt | — | C$1.0m | C$1.2m | C$1.4m | C$1.6m | C$1.7m | C$1.9m | — | — | — |
| Shareholders' equity | C$41.5m | C$35.0m | C$34.8m | C$33.4m | C$31.6m | C$26.8m | C$25.8m | C$27.6m | C$22.2m | C$16.7m |
| Shares outstanding | 11m | 12m | 12m | 12m | 13m | 13m | 14m | 14m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$9.0m | C$8.7m | C$5.8m | C$4.9m | C$4.7m | C$6.9m | C$4.8m | C$6.3m | C$6.5m | C$4.4m |
| Capital spending | −C$389,808 | −C$4.7m | −C$2.7m | −C$519,317 | −C$93,181 | −C$174,298 | −C$734,131 | −C$504,025 | −C$640,475 | −C$405,464 |
| Free cash flow | C$8.6m | C$4.0m | C$3.2m | C$4.4m | C$4.6m | C$6.7m | C$4.0m | C$5.8m | C$5.9m | C$4.0m |
| Dividends paid | −C$2.3m | −C$2.1m | −C$1.9m | −C$483,958 | −C$10,322 | −C$7,415 | −C$4,724 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$19.9m | C$13.9m | C$9.7m | C$12.2m | C$10.2m | C$11.0m | C$8.8m | C$9.6m |
| Gross profit | C$14.0m | C$10.2m | C$7.4m | C$9.3m | C$7.9m | C$8.3m | C$7.2m | C$7.5m |
| Operating income | C$4.1m | C$3.4m | C$2.4m | C$3.4m | C$2.6m | C$2.9m | C$2.4m | C$2.7m |
| Net income | C$2.8m | C$2.3m | C$2.0m | C$2.7m | C$2.0m | C$2.3m | C$1.6m | C$2.3m |
| Diluted earnings per share | 0.25 | 0.21 | 0.18 | 0.24 | 0.18 | 0.21 | 0.14 | 0.20 |
| Cash from operations | C$2.0m | C$2.0m | C$3.0m | C$2.0m | C$3.0m | — | C$2.0m | C$6.0m |
| Capital spending | — | — | — | — | — | — | — | −C$4.0m |
| Free cash flow | — | — | — | — | — | — | — | C$2.0m |
| Total assets | C$60.5m | C$62.5m | C$49.4m | C$47.8m | C$43.5m | C$42.8m | C$41.4m | C$45.5m |
| Shareholders' equity | C$45.8m | C$45.0m | C$41.5m | C$39.9m | C$37.6m | C$36.0m | C$35.0m | C$37.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.5% | 14.0% | 10.8% |
| Operating income | 17.5% | 17.6% | 8.4% |
| Net income | 18.2% | 18.9% | 9.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.9% | 79.1% | 79.0% | 78.5% |
| Operating margin | 26.1% | 25.4% | 25.5% | 27.3% |
| Net margin | 20.9% | 20.5% | 20.3% | 21.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.9 | 17.5 | 16.8 | 15.5 | 16.7 | 26.9 | 18.9 | 20.3 | 26.8 | 26.9 |
| Price to sales | 3.3 | 3.6 | 3.4 | 3.0 | 3.7 | 4.6 | 3.9 | 5.4 | 6.7 | 6.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 27 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.055 | 0.20 | 0.18 | 0.16 | 0.04 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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