COV.V
Covalon Technologies Ltd.
TSXVCADEQUITY
DELAYED
Last price
2.30
▼ 0.03 (1.29%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
2.33
Prev close
2.33
Day high
2.36
Day low
2.30
Volume
3.59K
Market cap
—
P/E (TTM)
—
52W range
1.55 – 2.45
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-2.54%
-1.2%
1M
+9.52%
+5.8%
3M
+14.43%
+11.3%
6M
+42.86%
+31.8%
YTD
+32.18%
+19.9%
1Y
-20.14%
-40.1%
3Y
+31.43%
-42.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $32.82M | $31.17M | $26.60M | $18.15M | +5.3% |
| Operating revenue | $32.82M | $31.17M | $26.60M | $18.15M | +5.3% |
| Cost of revenue | $15.34M | $12.24M | $12.23M | $10.65M | +25.4% |
| Gross profit | $17.47M | $18.93M | $14.36M | $7.49M | -7.7% |
| Research & development | $1.32M | $1.59M | $1.41M | $1.37M | -17.2% |
| Selling, general & admin | $12.42M | $13.21M | $15.57M | $13.21M | -6.0% |
| Total operating expense | $15.71M | $16.78M | $18.89M | $16.64M | -6.4% |
| Operating income | $1.76M | $2.15M | -$4.53M | -$9.14M | -18.0% |
| Net interest income | $444.11K | -$91.25K | $67.50K | -$111.59K | +586.7% |
| Pre-tax income | $2.06M | $2.67M | -$4.46M | -$9.25M | -22.9% |
| Net income | $2.06M | $2.67M | -$4.46M | -$9.66M | -22.9% |
| Net income to common | $2.06M | $2.67M | -$4.46M | -$9.66M | -22.9% |
| Basic EPS | 0.08 | 0.11 | -0.18 | -0.36 | -27.3% |
| Diluted EPS | 0.07 | 0.11 | -0.18 | -0.36 | -36.4% |
| EBIT | $1.76M | $2.15M | -$4.53M | -$9.14M | -18.0% |
| EBITDA | $2.72M | $3.14M | -$3.56M | -$8.11M | -13.4% |
| Basic shares | 27.41M | 24.27M | 24.78M | 25.76M | +12.9% |
| Diluted shares | 27.90M | 24.27M | 24.78M | 25.76M | +14.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $17.37M | $16.75M | $8.79M | $14.06M | +3.7% |
| Cash & short-term investments | $17.37M | $16.75M | $8.79M | $14.06M | +3.7% |
| Accounts receivable | $5.84M | $3.65M | $6.16M | $4.73M | +60.2% |
| Inventory | $7.40M | $7.70M | $5.94M | $4.97M | -3.8% |
| Total current assets | $31.53M | $29.04M | $21.29M | $27.23M | +8.6% |
| Property, plant & equipment | $3.24M | $1.18M | $1.68M | $1.87M | +174.9% |
| Goodwill & intangibles | $1.35M | $1.44M | $1.79M | $1.28M | -6.2% |
| Total assets | $36.12M | $31.81M | $24.90M | $30.38M | +13.6% |
| Total current liabilities | $3.77M | $4.00M | $5.19M | $4.54M | -5.7% |
| Total debt | $2.25M | $901.67K | $1.56M | $2.17M | +150.0% |
| Total liabilities | $5.40M | $4.30M | $6.11M | $6.15M | +25.4% |
| Retained earnings | -$33.64M | -$35.70M | -$38.37M | -$33.91M | +5.8% |
| Shareholder equity | $30.73M | $27.50M | $18.79M | $24.23M | +11.7% |
| Working capital | $27.76M | $25.04M | $16.10M | $22.69M | +10.9% |
| Net tangible assets | $29.38M | $26.06M | $17.00M | $22.95M | +12.7% |
| Shares issued | 27.42M | 27.40M | 24.67M | 25.29M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.06M | $2.67M | -$4.46M | -$9.25M | — | -22.9% |
| Depreciation & amortisation | $954.94K | $986.46K | $969.37K | $1.03M | — | -3.2% |
| Stock-based compensation | $274.07K | $405.98K | $559.15K | $211.44K | — | -32.5% |
| Change in working capital | -$1.21M | -$290.98K | -$134.57K | -$83.38K | — | -316.3% |
| Operating cash flow | $2.29M | $3.47M | -$3.18M | -$7.99M | — | -34.1% |
| Capital expenditure | -$847.02K | -$416.83K | -$1.32M | -$1.08M | — | -103.2% |
| Investing cash flow | -$847.02K | -$281.63K | -$1.45M | -$843.02K | — | -200.8% |
| Share buybacks | — | $0 | -$1.47M | -$1.73M | $0 | — |
| Dividends paid | — | — | — | $0 | $0 | — |
| Financing cash flow | -$529.35K | $4.97M | -$2.16M | -$2.19M | — | -110.6% |
| Free cash flow | $1.44M | $3.06M | -$4.50M | -$9.08M | — | -52.8% |
| End cash position | $17.37M | $16.75M | $8.79M | $14.06M | — | +3.7% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $8.73M | $6.89M | $8.69M | $8.37M | $7.59M | — | +26.7% |
| Operating revenue | $8.73M | $6.89M | $8.69M | $8.37M | $7.59M | — | +26.7% |
| Cost of revenue | $3.36M | $2.88M | $4.25M | $4.48M | $3.45M | — | +16.8% |
| Gross profit | $5.36M | $4.01M | $4.45M | $3.89M | $4.14M | — | +33.8% |
| Research & development | $337.79K | $289.26K | $314.81K | $311.34K | $320.46K | — | +16.8% |
| Selling, general & admin | $3.00M | $2.98M | $3.64M | $3.04M | $2.94M | — | +0.6% |
| Total operating expense | $4.44M | $3.96M | $4.20M | $3.97M | $3.86M | — | +12.3% |
| Operating income | $919.99K | $52.24K | $245.85K | -$78.66K | $281.82K | — | +1,660.9% |
| Net interest income | $73.96K | $123.72K | $112.49K | $143.23K | $147.32K | — | -40.2% |
| Pre-tax income | $1.09M | $125.38K | $358.34K | $64.57K | $429.14K | — | +772.1% |
| Net income | $1.09M | $125.38K | $358.34K | $64.57K | $429.14K | — | +772.1% |
| Net income to common | $1.09M | $125.38K | $358.34K | $64.57K | $429.14K | — | +772.1% |
| Basic EPS | 0.04 | 0.00 | — | 0.00 | 0.02 | 0.04 | — |
| Diluted EPS | 0.04 | 0.00 | — | 0.00 | 0.02 | 0.04 | — |
| EBIT | $919.99K | $52.24K | $245.85K | -$78.66K | $281.82K | — | +1,660.9% |
| EBITDA | $1.16M | $294.76K | $493.99K | $137.39K | $515.44K | — | +294.9% |
| Basic shares | 27.62M | 27.58M | — | 27.42M | 27.40M | 27.40M | +0.2% |
| Diluted shares | 27.72M | 27.77M | — | 27.92M | 27.89M | 28.04M | -0.2% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $16.57M | $17.88M | $17.37M | $18.09M | $18.03M | -7.3% |
| Cash & short-term investments | $16.57M | $17.88M | $17.37M | $18.09M | $18.03M | -7.3% |
| Accounts receivable | $4.70M | $2.18M | $5.84M | $4.60M | $4.87M | +115.1% |
| Inventory | $6.38M | $6.82M | $7.40M | $8.06M | $8.93M | -6.5% |
| Total current assets | $28.15M | $27.74M | $31.53M | $31.73M | $32.61M | +1.5% |
| Property, plant & equipment | $3.72M | $3.73M | $3.24M | $2.16M | $1.09M | -0.2% |
| Goodwill & intangibles | $1.31M | $1.32M | $1.35M | $1.34M | $1.43M | -1.2% |
| Total assets | $33.18M | $32.80M | $36.12M | $35.24M | $35.15M | +1.2% |
| Total current liabilities | $3.72M | $4.87M | $3.77M | $4.83M | $3.89M | -23.6% |
| Total debt | $1.77M | $2.07M | $2.25M | $1.28M | $609.46K | -14.1% |
| Total liabilities | $5.16M | $6.41M | $5.40M | $5.56M | $4.00M | -19.4% |
| Retained earnings | -$36.56M | -$37.66M | -$33.64M | -$34.00M | -$34.06M | +2.9% |
| Shareholder equity | $28.02M | $26.39M | $30.73M | $29.68M | $31.15M | +6.2% |
| Working capital | $24.43M | $22.87M | $27.76M | $26.90M | $28.73M | +6.8% |
| Net tangible assets | $26.71M | $25.07M | $29.38M | $28.33M | $29.72M | +6.6% |
| Shares issued | 27.62M | 27.62M | 27.42M | 27.42M | 27.42M | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $1.09M | $125.38K | $358.34K | $64.57K | $429.14K | — | +772.1% |
| Depreciation & amortisation | $244.09K | $242.52K | $248.14K | $216.05K | $233.62K | — | +0.6% |
| Stock-based compensation | $71.38K | $67.53K | $63.63K | $54.38K | $65.54K | — | +5.7% |
| Change in working capital | -$2.49M | $5.23M | -$1.37M | $1.81M | -$61.75K | — | -147.5% |
| Operating cash flow | -$1.15M | $5.75M | -$667.21K | $2.16M | $675.10K | — | -120.0% |
| Capital expenditure | -$209.34K | -$718.55K | -$180.21K | -$442.12K | -$32.57K | — | +70.9% |
| Investing cash flow | -$209.34K | -$718.55K | -$180.21K | -$442.12K | -$32.57K | — | +70.9% |
| Dividends paid | $0 | -$4.14M | — | — | $0 | $0 | +100.0% |
| Financing cash flow | -$215.47K | -$4.32M | -$182.04K | -$149.62K | -$81.64K | — | +95.0% |
| Free cash flow | -$1.36M | $5.03M | -$847.42K | $1.71M | $642.53K | — | -127.0% |
| End cash position | $16.57M | $17.88M | $17.37M | $18.09M | $18.03M | — | -7.3% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.32
-1.03% from price
SMA 20
2.27
+1.21% from price
SMA 50
2.20
+4.60% from price
SMA 100
2.09
+9.91% from price
SMA 200
1.94
+18.51% from price
EMA 12
2.30
+0.16% from price
EMA 26
2.25
+2.04% from price
EMA 50
2.20
+4.62% from price
RSI (14)
55.3
Neutral
MACD (12,26,9)
0.04
Hist -0.00
ATR (14)
0.05
2.27% of price
Realised vol 30D
30.9%
Annualised
Bollinger upper
2.39
20, 2σ
Bollinger lower
2.15
20, 2σ
50 / 200 cross
Golden
2.20 vs 1.94
Trend bias
Above 200
+18.51%
Risk profile
Beta vs SPY
0.36
Less volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
30.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-35.8%
Peak to trough
Max drawdown 5Y
-68.4%
Peak to trough
ATR 14
0.05
2.27% of price
Beta (reported)
—
5Y monthly, from filing
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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