S 
15.49
+7.79%
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
—
FY2018FY2025
Net income
−C$54.2m
FY2018FY2025
Free cash flow
−C$58.7m
FY2018FY2025
Shareholders' equity
C$122.8m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | C$23,991 | C$30,589 | C$38,824 |
| Operating income | −C$68.6m | −C$45.1m | −C$31.2m | −C$16.5m | −C$4.6m | −C$268,126 | −C$182,354 | −C$95,299 |
| Net income | −C$54.2m | −C$31.2m | −C$23.9m | −C$12.8m | −C$4.7m | −C$323,612 | −C$319,533 | −C$243,671 |
| Diluted earnings per share | -0.31 | -0.20 | -0.17 | -0.13 | -0.06 | -0.01 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | C$130.9m | C$69.1m | C$49.3m | C$32.0m | C$10.0m | C$112,315 | C$349,191 | C$287,076 |
| Cash and short-term investments | C$104.5m | C$43.5m | C$35.8m | C$21.9m | C$3.9m | C$81,672 | C$277,071 | C$186,432 |
| Total liabilities | C$8.1m | C$11.6m | C$9.6m | C$2.6m | C$1.8m | C$115,900 | C$41,479 | C$31,877 |
| Debt | C$222,446 | C$40,706 | C$62,157 | C$138,332 | — | — | — | — |
| Shareholders' equity | C$122.8m | C$57.5m | C$39.7m | C$29.3m | C$8.2m | −C$3,585 | C$307,712 | C$255,199 |
| Shares outstanding | 173m | 159m | 145m | 97m | 83m | 35m | 32m | 32m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −C$58.0m | −C$33.7m | −C$23.4m | −C$15.4m | −C$3.7m | −C$195,045 | −C$169,176 | −C$70,532 |
| Capital spending | −C$794,667 | −C$4.3m | −C$2.2m | −C$1.1m | −C$1.1m | −C$4 | −C$139,100 | −C$242,610 |
| Free cash flow | −C$58.7m | −C$38.0m | −C$25.7m | −C$16.5m | −C$4.8m | −C$195,049 | −C$308,276 | −C$313,142 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −C$24.5m | −C$9.5m | −C$12.3m | −C$37.0m | −C$14.9m | −C$4.4m | −C$5.8m | −C$22.2m |
| Net income | −C$22.1m | −C$8.5m | −C$10.9m | −C$29.5m | −C$10.4m | −C$3.4m | −C$4.9m | −C$13.7m |
| Diluted earnings per share | -0.13 | -0.05 | -0.06 | -0.17 | -0.06 | -0.02 | -0.03 | -0.09 |
| Cash from operations | −C$15.0m | −C$5.0m | −C$16.0m | −C$30.0m | −C$9.0m | −C$1.0m | −C$6.0m | −C$18.0m |
| Capital spending | — | — | — | — | — | — | — | −C$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −C$19.0m |
| Total assets | C$112.7m | C$126.0m | C$130.9m | C$145.7m | C$78.5m | C$66.4m | C$69.1m | C$75.9m |
| Cash and short-term investments | C$85.6m | C$100.5m | C$104.5m | C$119.4m | C$52.0m | C$42.0m | C$43.5m | C$50.4m |
| Debt | C$82,000 | C$109,000 | C$222,450 | C$239,456 | C$256,276 | C$42,533 | C$24,669 | C$24,102 |
| Shareholders' equity | C$98.7m | C$117.6m | C$122.8m | C$129.2m | C$58.6m | C$55.7m | C$57.5m | C$60.2m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -1117.6% | -147.7% | 86.3% |
| Net margin | — | — | — | — | — | -1348.9% | -1044.6% | -627.6% |
| Return on equity | -44.1% | -54.3% | -60.2% | -43.7% | -57.3% | 9026.8% | — | — |
| Return on assets | -41.4% | -45.2% | -48.6% | -40.1% | -46.8% | -288.1% | — | — |
| Free cash flow yield | -2.4% | -1.4% | -1.1% | -1.1% | -0.2% | -0.0% | — | — |
| Revenue growth | — | — | — | — | — | -21.6% | -21.2% | — |
| Earnings growth | 73.5% | 30.4% | 86.8% | 173.0% | 1351.1% | 1.3% | — | — |
| Current ratio | 15.44x | 4.25x | 4.08x | 10.79x | 3.52x | 0.93x | — | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — | — | — |
| Equity ratio | 93.8% | 83.3% | 80.6% | 91.7% | 81.6% | -3.2% | — | — |
| Interest coverage | -3550.13x | -484.92x | -2049.03x | -128.20x | -2668.36x | — | — | — |
| Buybacks as a share of market value | -9.3% | -9.2% | -49.8% | -17.0% | -133.4% | -10.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 60.9% | 203.1% | — |
| Net income | 61.7% | 178.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -55.5 | -25.9 | -30.0 | -22.3 | -12.7 | -20.3 |
| Price to sales | — | — | — | — | — | 273.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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