11.53
-4.08%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$104.3m
FY2016FY2025
Net income
C$14.6m
FY2016FY2025
Free cash flow
C$49.7m
FY2016FY2025
Shareholders' equity
C$163.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$104.3m | C$68.2m | C$320.5m | C$358.6m | C$663.3m | C$463.3m | C$283.9m | C$342.5m | C$526.5m | C$259.9m |
| Gross profit | C$34.4m | C$24.7m | C$34.8m | C$23.5m | C$27.2m | C$20.3m | C$9.0m | C$7.0m | C$8.7m | C$4.1m |
| Research and development | C$694,600 | C$679,300 | C$700,000 | C$700,000 | C$800,000 | C$1.5m | C$1.4m | C$1.2m | C$1.1m | C$1.4m |
| Operating income | C$24.3m | C$17.4m | C$20.2m | C$6.9m | C$5.3m | −C$900,000 | −C$16.1m | −C$12.9m | −C$9.3m | −C$14.6m |
| Net income | C$14.6m | −C$24.5m | C$6.8m | −C$5.8m | C$11.7m | −C$9.7m | C$23.6m | C$4.4m | −C$7.5m | −C$15.1m |
| Diluted earnings per share | 1.08 | -1.78 | 0.45 | -0.38 | 0.75 | -0.63 | 1.52 | 0.30 | -0.56 | -1.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$342.0m | C$185.0m | C$176.1m | C$177.0m | C$190.2m | C$184.7m | C$188.1m | C$176.7m | C$123.6m | C$118.5m |
| Cash and short-term investments | C$13.0m | C$13.0m | C$43.3m | C$33.8m | C$30.0m | C$48.3m | C$42.7m | C$63.1m | C$42.5m | C$55.5m |
| Total liabilities | C$179.0m | C$44.0m | C$3.5m | C$1.7m | C$9.7m | C$12.3m | C$6.3m | C$15.8m | C$7.4m | C$3.7m |
| Debt | C$87.0m | C$39.0m | — | — | C$1.5m | C$1.8m | C$1.1m | C$1.3m | — | — |
| Shareholders' equity | C$163.0m | C$141.0m | C$172.5m | C$175.2m | C$180.5m | C$172.4m | C$181.8m | C$160.9m | C$116.1m | C$114.9m |
| Shares outstanding | 13m | 14m | 15m | 15m | 16m | 16m | 16m | 15m | 14m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$49.7m | C$73.5m | C$21.8m | −C$7.2m | C$410,000 | C$2.5m | −C$4.5m | −C$6.7m | −C$5.3m | −C$13.2m |
| Capital spending | −C$9,000 | −C$7,800 | — | −C$40,000 | −C$40,000 | −C$70,000 | −C$810,000 | −C$1.3m | −C$3.6m | −C$290,000 |
| Free cash flow | C$49.7m | C$73.5m | C$21.8m | −C$7.2m | C$370,000 | C$2.5m | −C$5.3m | −C$8.0m | −C$8.9m | −C$13.5m |
| Dividends paid | — | — | — | — | — | −C$550,000 | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$62.7m | C$40.3m | C$71.0m | C$42.3m | C$19.5m | C$15.2m | C$27.2m | C$20.9m |
| Gross profit | C$23.9m | C$9.3m | C$13.2m | C$10.8m | C$7.4m | C$6.8m | C$9.4m | C$7.4m |
| Operating income | C$21.9m | C$5.5m | C$11.3m | C$9.2m | C$4.0m | C$4.9m | C$6.2m | C$5.5m |
| Net income | C$17.8m | C$6.8m | C$9.5m | C$10.4m | C$2.9m | −C$3.9m | C$5.1m | −C$32.1m |
| Diluted earnings per share | 1.35 | 0.51 | 0.73 | 0.73 | 0.22 | -0.29 | 0.38 | -2.42 |
| Cash from operations | C$20.0m | C$6.0m | C$8.0m | C$19.0m | C$18.0m | C$4.0m | C$7.0m | C$7.0m |
| Capital spending | — | — | — | — | — | C$6.0m | −C$6.0m | −C$2.0m |
| Free cash flow | — | — | — | — | — | C$10.0m | C$1.0m | C$5.0m |
| Total assets | C$383.8m | C$343.9m | C$333.5m | C$341.9m | C$315.7m | C$196.0m | C$193.0m | C$185.5m |
| Cash and short-term investments | C$13.4m | C$9.2m | C$5.8m | C$12.7m | C$9.3m | C$9.1m | C$12.8m | C$13.3m |
| Debt | C$90.5m | C$83.4m | C$84.0m | C$84.1m | C$81.7m | C$36.0m | C$36.0m | C$36.3m |
| Shareholders' equity | C$192.9m | C$179.1m | C$170.8m | C$163.0m | C$152.5m | C$149.0m | C$148.0m | C$141.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.7% | -25.8% | — |
| Operating income | 52.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.2% | 13.8% | 8.3% | — |
| Operating margin | 24.1% | 8.1% | 3.7% | — |
| Net margin | -5.7% | -1.0% | -0.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | -4.3 | 17.2 | -22.1 | 13.2 | -19.7 | 6.1 | 29.1 | -55.3 | -10.8 |
| Price to sales | 1.3 | 1.5 | 0.4 | 0.4 | 0.2 | 0.4 | 0.5 | 0.4 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Nov 2019.
| FY2020 | |
|---|---|
| Paid in the year | 0.035 |
- 5-to-1 reverse split · 23 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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