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Covalon Technologies Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 8.7M 8.4M 7.6M 8.2M 8.9M
Operating Revenue 8.7M 8.4M 7.6M 8.2M 8.9M
Cost Of Revenue 4.2M 4.5M 3.4M 3.2M 3.5M
Gross Profit 4.4M 3.9M 4.1M 5.0M 5.3M
Selling General And Administration 3.6M 3.0M 3.1M 2.9M 3.9M
General And Administrative Expense 2.5M 1.9M 1.8M 1.7M 2.8M
Research And Development 314,811 311,340 320,459 373,339 453,511
Depreciation And Amortization In Income Statement -- 122,894 -- -- --
Other Operating Expenses 696,357 493,489 451,471 371,069 311,324
Operating Expense 4.2M 4.0M 3.9M 3.7M 4.7M
Operating Income 245,846 -78,662 281,820 1.3M 664,376
EBIT 245,846 -78,662 281,820 1.4M 664,376
Interest Expense -- -- -- 149,690 --
Interest Expense Non Operating -- -- -- 149,690 --
Interest Income -- -- -- 41,068 --
Interest Income Non Operating -- -- -- 41,068 --
Net Interest Income 112,491 143,229 147,319 -108,622 -51,509
Other Income Expense 0.00 -- -- -- 0.00
Other Non Operating Income Expenses 0.00 -- -- -- 0.00
Pretax Income 358,337 64,567 429,139 1.2M 612,867
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation 358,337 64,567 429,139 1.2M 612,867
Net Income From Continuing Operation Net Minority Interest 358,337 64,567 429,139 1.2M 612,867
Net Income Including Noncontrolling Interests 358,337 64,567 429,139 1.2M 612,867
Net Income Common Stockholders 358,337 64,567 429,139 1.2M 612,867
Net Income 358,337 64,567 429,139 1.2M 612,867
EBITDA 493,990 137,391 515,441 1.6M 916,468
Normalized EBITDA 493,990 137,391 515,441 1.6M 916,468
Reconciled Depreciation 248,144 216,053 233,621 257,125 252,092
Basic EPS -- 0.00 0.02 0.04 0.02
Diluted EPS -- 0.00 0.02 0.04 0.02
Basic Average Shares -- 27.4M 27.4M 27.4M 30.6M
Diluted Average Shares -- 27.9M 27.9M 28.0M 30.6M
Tax Rate For Calcs 0.15 0.15 0.15 0.15 0.15
Normalized Income 358,337 64,567 429,139 1.2M 612,867
Depreciation Amortization Depletion Income Statement -- 122,894 -- -- --
Diluted NI Availto Com Stockholders 358,337 64,567 429,139 1.2M 612,867
Net Income Continuous Operations 358,337 64,567 429,139 1.2M 612,867
Net Non Operating Interest Income Expense 112,491 143,229 147,319 -108,622 -51,509
Other Gand A 2.5M 1.9M 1.8M 1.7M 2.8M
Reconciled Cost Of Revenue 4.2M 4.4M 3.4M 3.2M 3.5M
Selling And Marketing Expense 1.2M 1.1M 1.3M 1.2M 1.1M
Total Expenses 8.4M 8.5M 7.3M 6.9M 8.2M
Total Other Finance Cost -112,491 -143,229 -147,319 -- 51,509
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 17.4M 18.1M 18.0M 17.5M 16.7M
Cash Cash Equivalents And Short Term Investments 17.4M 18.1M 18.0M 17.5M 16.7M
Accounts Receivable 5.8M 4.6M 4.9M 5.4M 3.6M
Receivables 5.9M 4.7M 5.0M 5.5M 3.9M
Inventory 7.4M 8.1M 8.9M 8.6M 7.7M
Prepaid Assets 835,456 868,811 633,500 451,403 686,106
Current Assets 31.5M 31.7M 32.6M 32.0M 29.0M
Gross PPE 6.1M 5.0M 4.0M 4.0M 3.7M
Accumulated Depreciation -2.9M -2.8M -2.9M -2.8M -2.5M
Net PPE 3.2M 2.2M 1.1M 1.2M 1.2M
Goodwill And Other Intangible Assets 1.4M 1.3M 1.4M 1.5M 1.4M
Other Intangible Assets 1.4M 1.3M 1.4M 1.5M 1.4M
Other Non Current Assets -- -- -- -- --
Total Non Current Assets 4.6M 3.5M 2.5M 2.8M 2.8M
Total Assets 36.1M 35.2M 35.1M 34.8M 31.8M
Current Debt And Capital Lease Obligation 627,256 545,495 499,115 568,295 600,485
Payables And Accrued Expenses 3.1M 4.2M 3.3M 3.4M 3.3M
Current Deferred Revenue 0.00 84,241 61,798 0.00 72,082
Current Liabilities 3.8M 4.8M 3.9M 3.9M 4.0M
Long Term Debt And Capital Lease Obligation 1.6M 732,190 110,349 216,377 301,186
Long Term Capital Lease Obligation 1.6M 732,190 110,349 216,377 301,186
Total Non Current Liabilities Net Minority Interest 1.6M 732,190 110,349 216,377 305,609
Total Liabilities Net Minority Interest 5.4M 5.6M 4.0M 4.2M 4.3M
Common Stock 51.8M 51.8M 51.8M 51.7M 51.7M
Capital Stock 51.8M 51.8M 51.8M 51.7M 51.7M
Additional Paid In Capital 8.6M 8.5M 8.5M 8.4M 8.3M
Retained Earnings -33.6M -34.0M -34.1M -34.5M -35.7M
Gains Losses Not Affecting Retained Earnings 4.0M 3.3M 4.9M 5.0M 3.1M
Common Stock Equity 30.7M 29.7M 31.1M 30.7M 27.5M
Stockholders Equity 30.7M 29.7M 31.1M 30.7M 27.5M
Total Equity Gross Minority Interest 30.7M 29.7M 31.1M 30.7M 27.5M
Total Capitalization 30.7M 29.7M 31.1M 30.7M 27.5M
Net Tangible Assets 29.4M 28.3M 29.7M 29.1M 26.1M
Tangible Book Value 29.4M 28.3M 29.7M 29.1M 26.1M
Working Capital 27.8M 26.9M 28.7M 28.1M 25.0M
Invested Capital 30.7M 29.7M 31.1M 30.7M 27.5M
Total Debt 2.3M 1.3M 609,464 784,672 901,671
Share Issued 27.4M 27.4M 27.4M 27.4M 27.4M
Ordinary Shares Number 27.4M 27.4M 27.4M 27.4M 27.4M
Buildings And Improvements 1.9M 869,251 57,789 117,996 168,453
Capital Lease Obligations 2.3M 1.3M 609,464 784,672 901,671
Current Capital Lease Obligation 627,256 545,495 499,115 568,295 600,485
Current Deferred Liabilities 0.00 84,241 61,798 0.00 72,082
Finished Goods 3.8M 4.4M 6.4M 6.0M 6.4M
Foreign Currency Translation Adjustments 4.0M 3.3M 4.9M 5.0M 3.1M
Inventories Adjustments Allowances -415,508 -582,159 -1.7M -1.7M -2.2M
Leases 377,830 386,838 407,621 407,990 382,755
Machinery Furniture Equipment 508,785 499,841 524,654 517,095 485,114
Non Current Accounts Receivable -- -- 17,861 50,284 148,728
Other Properties 3.3M 3.2M 3.0M 3.0M 2.7M
Other Receivables 87,102 120,456 145,606 170,503 264,728
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 4.1M 4.2M 4.2M 4.3M 3.5M
Tradeand Other Payables Non Current 0.00 0.00 0.00 0.00 4,423
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow -667,211 2.2M 675,095 124,531 2.1M
Cash Flow From Continuing Operating Activities -667,211 2.2M 675,095 124,531 2.1M
Depreciation And Amortization 248,144 216,053 233,621 257,125 252,092
Depreciation Amortization Depletion 248,144 216,053 233,621 257,125 252,092
Stock Based Compensation 63,634 54,378 65,540 90,523 58,488
Change In Working Capital -1.4M 1.8M -61,750 -1.6M 1.2M
Changes In Account Receivables -1.2M 276,557 481,185 -1.5M 2.4M
Change In Receivables -1.2M 276,557 481,185 -1.5M 2.4M
Change In Inventory 800,937 873,839 -364,962 -490,795 -948,836
Change In Payables And Accrued Expense -987,446 873,097 -57,314 211,143 -441,512
Change In Other Working Capital -83,374 22,478 61,779 -70,266 --
Other Non Cash Items 33,501 10,769 8,545 9,740 4,015
Capital Expenditure -180,214 -442,120 -32,568 -192,122 -26,335
Purchase Of PPE -114,000 -400,659 -20,572 -108,947 -16,663
Net PPE Purchase And Sale -114,000 -400,659 -20,572 -108,947 -16,663
Investing Cash Flow -180,214 -442,120 -32,568 -192,122 110,535
Cash Flow From Continuing Investing Activities -180,214 -442,120 -32,568 -192,122 110,535
Issuance Of Debt 33,302 29,679 56,208 65,700 152,431
Repayment Of Debt -215,339 -179,301 -181,650 -181,745 -176,689
Net Issuance Payments Of Debt -182,037 -149,622 -125,442 -116,045 -24,258
Repurchase Of Capital Stock -- -- -- -- 0.00
Net Common Stock Issuance -- -- -- -- 0.00
Common Stock Payments -- -- -- -- 0.00
Financing Cash Flow -182,037 -149,622 -81,642 -116,045 5.4M
Cash Flow From Continuing Financing Activities -182,037 -149,622 -81,642 -116,045 5.4M
Effect Of Exchange Rate Changes 305,972 -1.5M -27,928 934,462 -326,315
Changes In Cash -1.0M 1.6M 560,885 -183,636 7.7M
Beginning Cash Position 18.1M 18.0M 17.5M 16.7M 9.4M
End Cash Position 17.4M 18.1M 18.0M 17.5M 16.7M
Free Cash Flow -847,425 1.7M 642,527 -67,591 2.1M
Amortization Cash Flow 83,967 59,471 99,891 95,138 95,510
Amortization Of Intangibles 83,967 59,471 99,891 95,138 95,510
Asset Impairment Charge 0.00 0.00 0.00 0.00 -2,438
Cash Flow From Discontinued Operation -- -- -- -- 0.00
Change In Prepaid Assets 48,334 -234,947 -182,438 262,005 79,248
Depreciation 164,177 156,582 133,730 161,987 156,582
Gain Loss On Investment Securities 0.00 0.00 0.00 149,690 0.00
Gain Loss On Sale Of PPE 1,145 -- -- -- -4,578
Long Term Debt Issuance 33,302 29,679 56,208 65,700 152,431
Long Term Debt Payments -215,339 -179,301 -181,650 -181,745 -176,689
Net Income From Continuing Operations 358,337 64,567 429,139 1.2M 612,867
Net Intangibles Purchase And Sale -66,214 -41,461 -11,996 -83,175 -9,672
Net Long Term Debt Issuance -182,037 -149,622 -125,442 -116,045 -24,258
Net Other Investing Changes -- -- -- -- 136,870
Operating Gains Losses 1,145 0.00 0.00 149,690 -4,578
Proceeds From Stock Option Exercised 0.00 0.00 -- -- --
Purchase Of Intangibles -66,214 -41,461 -11,996 -83,175 -9,672
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