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Innovotech Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 2.2M 1.2M 1.1M 1.5M
Operating Revenue 2.1M 1.2M 1.1M 1.4M
Cost Of Revenue 1.1M 700,811 346,304 363,153
Gross Profit 1.1M 481,821 779,509 1.1M
Selling General And Administration 1.0M 686,388 832,520 815,774
General And Administrative Expense 942,463 645,979 830,608 813,714
Research And Development 276,661 216,538 110,980 34,888
Other Operating Expenses -223,602 -41,434 -23,542 --
Operating Expense 1.1M 861,492 919,958 850,662
Operating Income 48,109 -379,671 -140,449 267,952
EBIT 224,714 -157,025 -131,495 371,513
Interest Expense 9,959 557.00 5,016 4,383
Interest Expense Non Operating 9,959 557.00 5,016 4,383
Interest Income 2,993 12,756 8,954 17,566
Interest Income Non Operating 2,993 12,756 8,954 17,566
Net Interest Income -6,966 12,199 3,938 13,183
Other Income Expense 173,612 209,890 -- 85,995
Special Income Charges -- -- -- 0.00
Gain On Sale Of Security 173,612 209,890 -- 85,995
Pretax Income 214,755 -157,582 -136,511 367,130
Tax Effect Of Unusual Items 26,042 0.00 0.00 22,789
Net Income From Continuing And Discontinued Operation 224,735 -157,582 -136,511 367,130
Net Income From Continuing Operation Net Minority Interest 224,735 -157,582 -136,511 367,130
Net Income Including Noncontrolling Interests 214,755 -157,582 -136,511 367,130
Minority Interests 9,980 0.00 -- --
Net Income Common Stockholders 224,735 -157,582 -136,511 367,130
Net Income 224,735 -157,582 -136,511 367,130
EBITDA 286,357 -78,761 -17,330 442,408
Normalized EBITDA 112,745 -288,651 -17,330 356,413
Reconciled Depreciation 61,643 78,264 114,165 70,895
Basic EPS 0.01 -0.00 -0.00 0.01
Diluted EPS 0.01 -0.00 -0.00 0.01
Basic Average Shares 40.7M 38.9M 38.9M 38.8M
Diluted Average Shares 41.0M 39.1M 39.5M 39.3M
Total Unusual Items 173,612 209,890 -- 85,995
Total Unusual Items Excluding Goodwill 173,612 209,890 -- 85,995
Tax Rate For Calcs 0.15 0.00 0.00 0.27
Normalized Income 77,165 -367,472 -136,511 303,924
Diluted NI Availto Com Stockholders 224,735 -157,582 -136,511 367,130
Net Income Continuous Operations 214,755 -157,582 -136,511 367,130
Net Non Operating Interest Income Expense -6,966 12,199 3,938 13,183
Other Gand A 942,463 645,979 830,608 813,714
Reconciled Cost Of Revenue 1.1M 700,811 346,304 363,153
Selling And Marketing Expense 66,560 40,409 1,912 2,060
Total Expenses 2.1M 1.6M 1.3M 1.2M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 725,399 160,521 469,068 422,419
Cash Cash Equivalents And Short Term Investments 725,399 228,657 550,711 494,618
Other Short Term Investments 0.00 68,136 81,643 72,199
Accounts Receivable 536,073 204,336 184,946 358,303
Receivables 708,852 231,492 197,758 382,818
Inventory 128,360 70,012 42,152 59,779
Prepaid Assets 114,339 34,960 35,380 56,315
Current Assets 1.7M 565,121 826,001 993,530
Gross PPE 1.5M 790,157 745,132 673,608
Accumulated Depreciation -969,374 -632,412 -558,330 -444,165
Net PPE 500,756 157,745 186,802 229,443
Goodwill And Other Intangible Assets 543,024 163,666 0.00 --
Other Intangible Assets 543,024 163,666 -- --
Investments And Advances 499,200 330,000 210,000 0.00
Total Non Current Assets 1.5M 651,411 396,802 439,443
Total Assets 3.2M 1.2M 1.2M 1.4M
Current Debt And Capital Lease Obligation -- -- 37,034 85,203
Payables And Accrued Expenses 286,939 135,928 118,044 105,241
Current Deferred Revenue 63,465 39,544 10,217 28,565
Other Current Liabilities 70,621 -- -- --
Current Liabilities 421,025 175,472 165,295 219,009
Long Term Debt And Capital Lease Obligation -- -- 0.00 37,034
Long Term Capital Lease Obligation -- -- 0.00 37,034
Other Non Current Liabilities 172,749 -- -- --
Total Non Current Liabilities Net Minority Interest 175,774 42,461 0.00 37,034
Total Liabilities Net Minority Interest 596,799 217,933 165,295 256,043
Common Stock 8.8M 7.7M 7.7M 7.7M
Capital Stock 8.8M 7.7M 7.7M 7.7M
Additional Paid In Capital 1.8M 1.6M 1.6M 1.6M
Retained Earnings -8.3M -8.5M -8.4M -8.3M
Common Stock Equity 2.6M 930,599 1.1M 1.2M
Stockholders Equity 2.6M 930,599 1.1M 1.2M
Total Equity Gross Minority Interest 2.6M 998,599 1.1M 1.2M
Minority Interest 58,020 68,000 0.00 --
Total Capitalization 2.6M 930,599 1.1M 1.2M
Net Tangible Assets 2.0M 766,933 1.1M 1.2M
Tangible Book Value 2.0M 766,933 1.1M 1.2M
Working Capital 1.3M 389,649 660,706 774,521
Invested Capital 2.6M 930,599 1.1M 1.2M
Total Debt -- 0.00 37,034 122,237
Share Issued 49.7M 39.0M 38.9M 38.9M
Ordinary Shares Number 49.7M 39.0M 38.9M 38.9M
Accrued Interest Receivable -- -- 0.00 2,597
Capital Lease Obligations -- 0.00 37,034 122,237
Current Capital Lease Obligation -- 0.00 37,034 85,203
Current Deferred Liabilities 63,465 39,544 10,217 28,565
Leases 348,261 2,152 -- --
Machinery Furniture Equipment 1.1M 617,522 118,425 112,959
Non Current Deferred Liabilities 3,025 42,461 0.00 --
Non Current Deferred Revenue 3,025 42,461 0.00 --
Non Current Note Receivables -- -- 0.00 210,000
Other Equity Interest 256,096 159,543 159,543 159,543
Other Properties -- 170,483 626,707 560,649
Other Receivables 153,175 20,186 -- 13,887
Properties 0.00 0.00 -- --
Taxes Receivable 19,604 6,970 12,812 8,031
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -81,643 -228,083 208,392 25,044
Cash Flow From Continuing Operating Activities -81,643 -228,083 208,392 25,044
Depreciation And Amortization 61,643 78,264 114,165 70,895
Depreciation Amortization Depletion 61,643 78,264 114,165 70,895
Stock Based Compensation 49,635 27,173 17,089 46,072
Change In Working Capital -208,544 -48,610 208,633 -369,589
Changes In Account Receivables -430,170 -19,398 171,173 -225,417
Change In Receivables -477,360 -30,234 185,060 -236,707
Change In Inventory -58,348 -27,860 17,627 -20,899
Change In Payables And Accrued Expense 151,011 17,884 12,803 -6,541
Change In Payable -- -- 12,803 -6,541
Change In Other Working Capital 187,396 -10,217 -18,348 -17,115
Change In Other Current Assets 68,136 1,397 -9,444 -52,199
Other Non Cash Items -30,294 82,562 5,016 -89,464
Capital Expenditure -202,290 -42,873 -71,524 -60,140
Purchase Of PPE -202,290 -42,873 -71,524 -60,140
Net PPE Purchase And Sale -200,131 -42,873 -71,524 -60,140
Purchase Of Business -300,000 0.00 -- --
Sale Of Business 6,620 0.00 -- --
Investing Cash Flow -493,511 -42,873 -71,524 -60,140
Cash Flow From Continuing Investing Activities -493,511 -42,873 -71,524 -60,140
Issuance Of Debt -- -- -- 0.00
Repayment Of Debt 0.00 -37,591 -90,219 -72,629
Net Issuance Payments Of Debt 0.00 -37,591 -90,219 -72,629
Issuance Of Capital Stock 1.1M 0.00 -- 0.00
Net Common Stock Issuance 1.1M 0.00 -- 0.00
Financing Cash Flow 1.1M -37,591 -90,219 -72,629
Cash Flow From Continuing Financing Activities 1.1M -37,591 -90,219 -72,629
Changes In Cash 564,878 -308,547 46,649 -107,725
Beginning Cash Position 160,521 469,068 422,419 530,144
End Cash Position 725,399 160,521 469,068 422,419
Free Cash Flow -283,933 -270,956 136,868 -35,096
Cash Dividends Paid 0.00 0.00 -- 0.00
Change In Account Payable -- -- 12,803 -6,541
Change In Prepaid Assets -79,379 420.00 20,935 -36,128
Common Stock Issuance 1.1M 0.00 -- 0.00
Depreciation -- 78,264 114,165 70,895
Gain Loss On Investment Securities 1,710 -102,000 -- --
Gain Loss On Sale Of PPE -349.00 0.00 -- 0.00
Interest Paid Cff -3,410 0.00 -- 0.00
Long Term Debt Issuance -- -- -- 0.00
Long Term Debt Payments 0.00 -37,591 -90,219 -72,629
Net Business Purchase And Sale -293,380 0.00 -- --
Net Income From Continuing Operations 214,755 -157,582 -136,511 367,130
Net Long Term Debt Issuance 0.00 -37,591 -90,219 -72,629
Operating Gains Losses 4,774 -102,000 -- --
Proceeds From Stock Option Exercised 14,400 0.00 -- 0.00
Sale Of PPE 2,159 0.00 -- --
Unrealized Gain Loss On Investment Securities -173,612 -107,890 0.00 --
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