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Covalon Technologies Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Sep 30, 2025 FY 2024Sep 30, 2024 FY 2023Sep 30, 2023 FY 2022Sep 30, 2022 FY 2021Sep 30, 2021
Total Revenue 32.8M 31.2M 26.6M 18.1M --
Operating Revenue 32.8M 31.2M 26.6M 18.1M --
Cost Of Revenue 15.3M 12.2M 12.2M 10.7M --
Gross Profit 17.5M 18.9M 14.4M 7.5M --
Selling General And Administration 12.4M 13.2M 15.6M 13.2M --
General And Administrative Expense 7.7M 7.8M 7.4M 6.7M --
Research And Development 1.3M 1.6M 1.4M 1.4M --
Other Operating Expenses 2.0M 2.0M 1.9M 2.1M --
Operating Expense 15.7M 16.8M 18.9M 16.6M --
Operating Income 1.8M 2.2M -4.5M -9.1M --
EBIT 1.8M 2.2M -4.5M -9.1M --
Interest Expense -- -- -- 111,590 419,379
Interest Expense Non Operating -- -- -- 111,590 419,379
Net Interest Income 444,107 -91,249 67,502 -111,590 --
Other Income Expense -149,690 610,008 -- -- --
Other Non Operating Income Expenses -149,690 610,008 -- -- --
Pretax Income 2.1M 2.7M -4.5M -9.3M --
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation 2.1M 2.7M -4.5M -9.7M --
Net Income From Continuing Operation Net Minority Interest 2.1M 2.7M -4.5M -9.3M --
Net Income Including Noncontrolling Interests 2.1M 2.7M -4.5M -9.7M --
Net Income Common Stockholders 2.1M 2.7M -4.5M -9.7M --
Net Income 2.1M 2.7M -4.5M -9.7M --
EBITDA 2.7M 3.1M -3.6M -8.1M --
Normalized EBITDA 2.7M 3.1M -3.6M -8.1M --
Reconciled Depreciation 954,943 986,458 969,370 1.0M --
Basic EPS 0.08 0.11 -0.18 -0.36 --
Diluted EPS 0.07 0.11 -0.18 -0.36 --
Basic Average Shares 27.4M 24.3M 24.8M 25.8M --
Diluted Average Shares 27.9M 24.3M 24.8M 25.8M --
Tax Rate For Calcs 0.15 0.15 0.00 0.00 --
Normalized Income 2.1M 2.7M -4.5M -9.3M --
Diluted NI Availto Com Stockholders 2.1M 2.7M -4.5M -9.7M --
Net Income Continuous Operations 2.1M 2.7M -4.5M -9.3M --
Net Income Discontinuous Operations -- -- 0.00 -409,295 23.1M
Net Non Operating Interest Income Expense 444,107 -91,249 67,502 -111,590 --
Other Gand A 7.7M 7.8M 7.4M 6.7M --
Reconciled Cost Of Revenue 15.3M 12.2M 12.2M 10.7M --
Selling And Marketing Expense 4.8M 5.4M 8.2M 6.5M --
Total Expenses 31.1M 29.0M 31.1M 27.3M --
Total Other Finance Cost -444,107 91,249 -67,502 111,590 --
Line Item FY 2025Sep 30, 2025 FY 2024Sep 30, 2024 FY 2023Sep 30, 2023 FY 2022Sep 30, 2022 FY 2021Sep 30, 2021
Cash And Cash Equivalents 17.4M 16.7M 8.8M 14.1M --
Cash Cash Equivalents And Short Term Investments 17.4M 16.7M 8.8M 14.1M --
Accounts Receivable 5.8M 3.6M 6.2M 4.7M --
Receivables 5.9M 3.9M 6.2M 4.7M --
Inventory 7.4M 7.7M 5.9M 5.0M --
Prepaid Assets 835,456 686,106 390,060 2.1M --
Current Assets 31.5M 29.0M 21.3M 27.2M --
Gross PPE 6.1M 3.7M 4.0M 3.7M --
Accumulated Depreciation -2.9M -2.5M -2.3M -1.8M --
Net PPE 3.2M 1.2M 1.7M 1.9M --
Goodwill And Other Intangible Assets 1.4M 1.4M 1.8M 1.3M --
Other Intangible Assets 1.4M 1.4M 1.8M 1.3M --
Other Non Current Assets -- -- 135,200 -- 137,061
Total Non Current Assets 4.6M 2.8M 3.6M 3.2M --
Total Assets 36.1M 31.8M 24.9M 30.4M --
Current Debt And Capital Lease Obligation 627,256 600,485 643,385 609,578 --
Payables And Accrued Expenses 3.1M 3.3M 4.5M 3.7M --
Current Deferred Revenue 0.00 72,082 80,702 209,070 --
Current Liabilities 3.8M 4.0M 5.2M 4.5M --
Long Term Debt And Capital Lease Obligation 1.6M 301,186 919,080 1.6M --
Long Term Capital Lease Obligation 1.6M 301,186 919,080 1.6M --
Total Non Current Liabilities Net Minority Interest 1.6M 305,609 919,080 1.6M --
Total Liabilities Net Minority Interest 5.4M 4.3M 6.1M 6.1M --
Common Stock 51.8M 51.7M 42.8M 43.8M --
Capital Stock 51.8M 51.7M 42.8M 43.8M --
Additional Paid In Capital 8.6M 8.3M 11.4M 11.3M --
Retained Earnings -33.6M -35.7M -38.4M -33.9M --
Gains Losses Not Affecting Retained Earnings 4.0M 3.1M 3.0M 3.0M --
Common Stock Equity 30.7M 27.5M 18.8M 24.2M --
Stockholders Equity 30.7M 27.5M 18.8M 24.2M --
Total Equity Gross Minority Interest 30.7M 27.5M 18.8M 24.2M --
Total Capitalization 30.7M 27.5M 18.8M 24.2M --
Net Tangible Assets 29.4M 26.1M 17.0M 23.0M --
Tangible Book Value 29.4M 26.1M 17.0M 23.0M --
Working Capital 27.8M 25.0M 16.1M 22.7M --
Invested Capital 30.7M 27.5M 18.8M 24.2M --
Total Debt 2.3M 901,671 1.6M 2.2M --
Share Issued 27.4M 27.4M 24.7M 25.3M --
Ordinary Shares Number 27.4M 27.4M 24.7M 25.3M --
Buildings And Improvements 1.9M 168,453 439,837 656,727 --
Capital Lease Obligations 2.3M 901,671 1.6M 2.2M --
Current Capital Lease Obligation 627,256 600,485 643,385 609,578 --
Current Deferred Liabilities 0.00 72,082 80,702 209,070 --
Finished Goods 3.8M 6.4M 5.8M 6.3M --
Foreign Currency Translation Adjustments 4.0M 3.1M 3.0M 3.0M --
Inventories Adjustments Allowances -415,508 -2.2M -1.9M -2.9M --
Leases 377,830 382,755 383,351 377,492 --
Machinery Furniture Equipment 508,785 485,114 746,627 689,748 --
Non Current Accounts Receivable -- 148,728 -- -- --
Non Current Deferred Liabilities -- -- 0.00 51,401 162,448
Non Current Deferred Revenue -- -- 0.00 51,401 162,448
Other Properties 3.3M 2.7M 2.5M 2.0M --
Other Receivables 87,102 264,728 -- -- --
Properties 0.00 0.00 0.00 0.00 --
Raw Materials 4.1M 3.5M 2.1M 1.5M --
Restricted Cash -- -- 0.00 1.4M 2.5M
Tradeand Other Payables Non Current 0.00 4,423 0.00 -- --
Line Item FY 2025Sep 30, 2025 FY 2024Sep 30, 2024 FY 2023Sep 30, 2023 FY 2022Sep 30, 2022 FY 2021Sep 30, 2021
Operating Cash Flow 2.3M 3.5M -3.2M -8.0M --
Cash Flow From Continuing Operating Activities 2.3M 3.5M -3.2M -8.0M --
Depreciation And Amortization 954,943 986,458 969,370 1.0M --
Depreciation Amortization Depletion 954,943 986,458 969,370 1.0M --
Stock Based Compensation 274,075 405,981 559,154 211,438 --
Change In Working Capital -1.2M -290,979 -134,573 -83,384 --
Changes In Account Receivables -1.9M 2.7M -1.5M 1.8M --
Change In Receivables -1.9M 2.7M -1.5M 1.8M --
Change In Inventory 819,019 -1.6M -1.0M -63,367 --
Change In Payables And Accrued Expense 39,480 -1.1M 692,021 -444,207 --
Change In Other Working Capital -69,383 -7,982 -183,175 -248,212 --
Other Non Cash Items 62,555 56,246 -116,961 110,797 --
Capital Expenditure -847,024 -416,835 -1.3M -1.1M --
Purchase Of PPE -644,178 -290,645 -494,635 -599,844 --
Net PPE Purchase And Sale -644,178 -290,645 -494,635 -498,176 --
Investing Cash Flow -847,024 -281,635 -1.5M -843,023 --
Cash Flow From Continuing Investing Activities -847,024 -281,635 -1.5M -843,023 --
Issuance Of Debt 184,889 214,005 0.00 0.00 --
Repayment Of Debt -758,035 -698,943 -683,768 -585,184 --
Net Issuance Payments Of Debt -573,146 -484,938 -683,768 -585,184 --
Repurchase Of Capital Stock -- 0.00 -1.5M -1.7M 0.00
Net Common Stock Issuance -- 0.00 -1.5M -1.7M 0.00
Common Stock Payments -- 0.00 -1.5M -1.7M 0.00
Financing Cash Flow -529,346 5.0M -2.2M -2.2M --
Cash Flow From Continuing Financing Activities -529,346 5.0M -2.2M -2.2M --
Effect Of Exchange Rate Changes -292,329 -211,281 154,098 1.4M --
Changes In Cash 912,836 8.2M -5.4M -10.3M --
Beginning Cash Position 16.7M 8.8M 14.1M 22.9M --
End Cash Position 17.4M 16.7M 8.8M 14.1M --
Free Cash Flow 1.4M 3.1M -4.5M -9.1M --
Amortization Cash Flow 338,467 302,367 239,315 156,296 --
Amortization Of Intangibles 338,467 302,367 239,315 156,296 --
Asset Impairment Charge 0.00 175,052 0.00 -- --
Cash Dividends Paid -- -- -- 0.00 0.00
Cash Flow From Discontinued Operation -- 0.00 1.4M 688,522 26.6M
Change In Prepaid Assets -107,046 -279,771 1.7M -1.2M --
Depreciation 616,476 684,091 730,055 876,512 --
Gain Loss On Investment Securities 149,690 -610,008 -- -- --
Gain Loss On Sale Of PPE 1,145 80,443 0.00 -11,311 --
Interest Paid Cff -- -- -- 0.00 -293,175
Long Term Debt Issuance 184,889 214,005 0.00 0.00 --
Long Term Debt Payments -758,035 -698,943 -683,768 -585,184 --
Net Income From Continuing Operations 2.1M 2.7M -4.5M -9.3M --
Net Intangibles Purchase And Sale -202,846 -126,190 -821,882 -481,908 --
Net Long Term Debt Issuance -573,146 -484,938 -683,768 -585,184 --
Net Other Investing Changes -- 135,200 -135,200 137,061 -100,869
Operating Gains Losses 150,835 -529,565 -- -11,311 --
Proceeds From Stock Option Exercised 43,800 5.5M 0.00 126,000 --
Purchase Of Intangibles -202,846 -126,190 -821,882 -481,908 --
Sale Of PPE -- -- 0.00 101,668 0.00
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