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REEFLEX SOLUTIONS INC

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Total Revenue 3.3M 2.4M 3.2M 1.5M 3.8M
Operating Revenue 3.3M 2.4M 3.2M 1.5M 3.8M
Cost Of Revenue 1.6M 895,135 1.8M -374,942 1.8M
Gross Profit 1.7M 1.5M 1.5M 1.9M 1.9M
Selling General And Administration 1.1M 1.1M 1.2M 1.2M 999,202
General And Administrative Expense 1.1M 1.1M 1.2M 1.2M 989,860
Depreciation And Amortization In Income Statement 82,353 82,363 82,363 144,567 81,819
Other Operating Expenses 177,788 232,836 148,312 210,382 203,623
Operating Expense 1.3M 1.4M 1.4M 1.6M 1.3M
Operating Income 345,654 35,626 62,603 299,246 652,441
EBIT -3.2M -47,420 23,957 347,149 554,027
Interest Expense 13,595 15,074 26,543 19,858 15,833
Interest Expense Non Operating 13,595 15,074 26,543 19,858 15,833
Interest Income 25,234 -- -- 3,467 1,798
Interest Income Non Operating 25,234 -- -- 3,467 1,798
Net Interest Income 11,639 -15,074 -26,543 -16,391 -14,035
Other Income Expense -3.5M -83,047 -38,656 44,436 -100,212
Other Non Operating Income Expenses -109,186 -83,047 -38,656 0.00 -60,000
Special Income Charges -3.4M -- -- 5,256 0.00
Gain On Sale Of Security 20,942 -- -- -- -40,212
Pretax Income -3.2M -62,494 -2,586 327,291 538,194
Tax Provision 0.00 0.00 0.00 351,833 0.00
Tax Effect Of Unusual Items 0.00 0.00 0.00 6,665 0.00
Net Income From Continuing And Discontinued Operation -3.2M -62,494 -2,586 -24,542 538,194
Net Income From Continuing Operation Net Minority Interest -3.2M -62,494 -2,586 -24,542 538,194
Net Income Including Noncontrolling Interests -3.2M -62,494 -2,586 -24,542 538,194
Net Income Common Stockholders -3.2M -62,494 -2,586 -24,542 538,194
Net Income -3.2M -62,494 -2,586 -24,542 538,194
EBITDA -3.1M 34,943 106,320 491,716 635,846
Normalized EBITDA 344,055 34,943 106,320 447,280 676,058
Reconciled Depreciation 82,343 82,363 82,363 144,567 81,810
Basic EPS -0.19 -0.00 -0.00 -- 0.01
Diluted EPS -0.19 -0.00 -0.00 -- 0.01
Basic Average Shares 16.3M 46.4M 46.4M -- 46.4M
Diluted Average Shares 16.3M 46.4M 46.4M -- 46.4M
Total Unusual Items -3.4M -- -- 44,436 -40,212
Total Unusual Items Excluding Goodwill -3.4M -- -- 44,436 -40,212
Tax Rate For Calcs 0.00 0.00 0.00 0.15 0.00
Normalized Income 248,107 -62,494 -2,586 -62,313 578,406
Amortization -- 82,363 6,618 -- --
Amortization Of Intangibles Income Statement -- 82,363 6,618 -- --
Depreciation Amortization Depletion Income Statement 82,353 82,363 82,363 144,567 81,819
Depreciation Income Statement 82,353 -- 75,745 -- 81,819
Diluted NI Availto Com Stockholders -3.2M -62,494 -2,586 -24,542 538,194
Insurance And Claims 23,632 21,772 16,713 16,521 16,588
Net Income Continuous Operations -3.2M -62,494 -2,586 -24,542 538,194
Net Non Operating Interest Income Expense 11,639 -15,074 -26,543 -16,391 -14,035
Other Gand A 71,574 152,601 147,739 70,832 106,711
Other Special Charges 3.4M -- -- -- --
Reconciled Cost Of Revenue 1.6M 895,135 1.8M -374,942 1.8M
Rent And Landing Fees 91,529 49,777 51,135 52,398 48,039
Rent Expense Supplemental 91,529 49,777 51,135 52,398 48,039
Salaries And Wages 901,182 909,305 945,332 1.1M 818,522
Selling And Marketing Expense 0.00 0.00 750.00 1,505 9,342
Total Expenses 3.0M 2.3M 3.2M 1.2M 3.1M
Line Item Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Cash And Cash Equivalents 183,240 1.3M 1.5M 823,737 --
Cash Cash Equivalents And Short Term Investments 183,240 1.3M 1.5M 823,737 --
Cash Financial 183,240 1.3M 1.5M 823,737 --
Accounts Receivable 1.8M 1.7M 1.9M 1.7M --
Receivables 3.1M 2.0M 2.4M 3.7M --
Inventory 5.0M 4.8M 4.2M 4.0M --
Prepaid Assets 254,683 78,805 84,698 84,691 --
Current Assets 8.6M 8.1M 8.1M 8.5M --
Gross PPE 3.6M 3.5M 3.5M 3.4M --
Accumulated Depreciation -2.9M -2.7M -2.7M -2.5M --
Net PPE 703,896 763,922 839,656 923,488 --
Goodwill And Other Intangible Assets 429,875 403,013 409,632 524,486 --
Other Intangible Assets 429,875 403,013 409,632 524,486 --
Investments And Advances -- -- -- 0.00 --
Long Term Equity Investment -- -- -- 0.00 --
Total Non Current Assets 1.3M 1.3M 1.4M 1.6M --
Total Assets 9.9M 9.4M 9.5M 10.0M --
Current Debt 1.8M 47,700 47,700 47,700 --
Current Debt And Capital Lease Obligation 2.1M 298,300 298,300 298,300 --
Accounts Payable 1.8M 675,158 1.3M 1.3M --
Payables 2.0M 1.6M 1.6M 4.1M --
Payables And Accrued Expenses 2.0M 1.6M 1.6M 4.1M --
Current Deferred Revenue 647,076 -- -- -- --
Other Current Liabilities -2.00 -2.00 -- 3.2M --
Current Liabilities 4.7M 1.9M 1.8M 7.6M --
Long Term Debt 1.9M 31,612 43,408 55,157 --
Long Term Debt And Capital Lease Obligation 2.3M 497,721 571,080 644,393 --
Long Term Capital Lease Obligation 404,546 466,109 527,672 589,236 --
Other Non Current Liabilities 33,737 33,737 35,039 33,735 --
Total Non Current Liabilities Net Minority Interest 2.4M 588,338 662,999 735,008 --
Total Liabilities Net Minority Interest 7.1M 2.4M 2.5M 8.3M --
Common Stock 4.3M 5.3M 5.3M 97.00 --
Capital Stock 4.3M 5.3M 5.3M 97.00 --
Additional Paid In Capital 20,645 -- -- -- --
Retained Earnings -1.5M 1.7M 1.7M 1.7M --
Common Stock Equity 2.8M 7.0M 7.0M 1.7M --
Stockholders Equity 2.8M 7.0M 7.0M 1.7M --
Total Equity Gross Minority Interest 2.8M 7.0M 7.0M 1.7M --
Total Capitalization 4.7M 7.0M 7.1M 1.7M --
Net Tangible Assets 2.4M 6.6M 6.6M 1.2M --
Tangible Book Value 2.4M 6.6M 6.6M 1.2M --
Working Capital 3.9M 6.2M 6.3M 970,951 --
Invested Capital 6.5M 7.1M 7.1M 1.8M --
Total Debt 4.3M 796,021 869,380 942,693 --
Net Debt 3.5M -- -- -- --
Share Issued 46.4M 46.4M 46.4M 46.4M --
Ordinary Shares Number 46.4M 46.4M 46.4M 46.4M --
Capital Lease Obligations 655,146 716,709 778,272 839,836 --
Current Capital Lease Obligation 250,600 250,600 250,600 250,600 --
Current Deferred Liabilities 647,076 -- -- -- --
Dueto Related Parties Current 0.00 572.00 572.00 2.3M --
Finished Goods 5.0M 4.5M 3.8M 3.4M --
Gross Accounts Receivable -- -- 1.9M -- --
Income Tax Payable 0.00 -184,834 0.00 161,286 --
Line Of Credit -- -- -- 0.00 --
Machinery Furniture Equipment 727,940 662,588 662,588 573,087 --
Non Current Deferred Liabilities 56,880 56,880 56,880 56,880 --
Non Current Deferred Taxes Liabilities 56,880 56,880 56,880 56,880 --
Non Current Note Receivables 85,727 90,010 76,513 56,125 --
Non Current Prepaid Assets 77,164 77,164 77,164 77,164 --
Other Current Borrowings 1.8M 47,700 47,700 47,700 --
Other Inventories 1.00 -1.00 -1.00 -- --
Other Payable 194,225 1.1M 264,064 320,820 --
Other Properties 1.7M 1.7M 1.7M 1.7M --
Other Receivables 990,321 250,238 516,156 1.9M --
Properties 1.2M 1.2M 1.2M 1.1M --
Receivables Adjustments Allowances 0.00 942.00 221.00 279.00 --
Taxes Receivable 273,424 -- -- -- --
Total Tax Payable 0.00 -169,347 31,530 139,540 --
Work In Process 32,386 224,375 385,004 535,419 --
Line Item Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Operating Cash Flow -1.8M -131,982 997,384 844,149 -302,478
Cash Flow From Continuing Operating Activities -1.8M -131,981 997,384 844,149 -302,478
Depreciation And Amortization 82,343 82,363 82,363 144,567 81,810
Depreciation Amortization Depletion 82,343 82,363 82,363 144,567 81,810
Change In Working Capital 1.3M -178,698 883,833 756,050 -914,819
Changes In Account Receivables -1.1M 412,576 1.3M 1.4M -1.2M
Change In Receivables -1.1M 412,576 1.3M 1.4M -1.2M
Change In Inventory -272,662 -603,600 -194,363 392,364 -57,408
Change In Payables And Accrued Expense 1.1M 7,735 -193,187 -1.1M 187,439
Other Non Cash Items -- -1.00 -- 0.00 0.00
Capital Expenditure -57,486 -- -17,539 -- --
Purchase Of PPE -57,486 -- -17,539 -107,491 --
Net PPE Purchase And Sale -57,486 -- -17,539 -106,558 --
Purchase Of Investment -- -- -8,292 -- --
Net Investment Purchase And Sale -- -- -8,292 -- --
Investing Cash Flow -44,910 -13,497 -249,804 960,884 -369.00
Cash Flow From Continuing Investing Activities -44,911 -13,497 -249,804 960,884 -369.00
Issuance Of Debt -- -- -- -1.1M -20,287
Repayment Of Debt -73,406 -73,359 -73,313 -- --
Net Issuance Payments Of Debt 1.8M -73,359 -73,313 -1.4M -20,287
Issuance Of Capital Stock -- 1.00 -- -- --
Repurchase Of Capital Stock -1.0M 0.00 0.00 -1.1M -4.00
Net Common Stock Issuance -1.0M 1.00 0.00 -1.2M -2.00
Common Stock Dividend Paid -- -- 0.00 -- --
Common Stock Payments -1.0M 0.00 0.00 -1.2M -2.00
Financing Cash Flow 764,399 -73,358 -73,313 -2.5M -20,293
Cash Flow From Continuing Financing Activities 764,399 -73,358 -73,313 -2.5M -20,293
Changes In Cash -1.1M -218,837 674,267 -726,711 -323,140
Beginning Cash Position 1.3M 1.5M 823,737 1.5M 1.8M
End Cash Position 183,240 1.3M 1.5M 823,737 1.5M
Free Cash Flow -1.9M -131,982 979,845 736,658 -302,478
Amortization Cash Flow -- 82,363 82,363 -- --
Amortization Of Intangibles -- 82,363 82,363 -- --
Cash Dividends Paid -- -- 0.00 -- --
Change In Prepaid Assets -175,879 4,591 1,296 78,774 137,279
Common Stock Issuance -- 1.00 -- -- --
Long Term Debt Issuance -- -- -- -1.1M -20,287
Long Term Debt Payments -73,406 -73,359 -73,313 -- --
Net Foreign Currency Exchange Gain Loss -- 26,838 33,774 -- --
Net Income From Continuing Operations -3.1M -62,484 -2,586 -24,542 531,564
Net Long Term Debt Issuance 1.8M -73,359 -73,313 -1.4M -20,287
Net Other Financing Charges -- -- -- -1,267 -2.00
Net Other Investing Changes 4,284 -13,497 -223,973 1.1M -5,625
Net Preferred Stock Issuance -- 0.00 0.00 48,602 -2.00
Operating Gains Losses -- 26,838 33,774 -- --
Preferred Stock Payments -- 0.00 0.00 48,602 -2.00
Sale Of PPE -- -- 0.00 933.00 --
Taxes Refund Paid -- 0.00 -- -- --
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