THRM.V
Therma Bright Inc.
TSXVCADEQUITY
Healthcare
DELAYED
Last price
0.05
▲ 0.00 (0.00%)
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
0.05
Prev close
0.05
Day high
0.05
Day low
0.05
Volume
11.15K
Market cap
$3.06M
P/E (TTM)
—
52W range
0.04 – 0.12
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
8.61M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 30, 26 | Fia (Roberto) Director of Issuer |
COMPENSATION | 4.35M | $182.70K | Direct |
| Jul 30, 26 | Raimondo (Michael) Director of Issuer |
COMPENSATION | 175.00K | $7.35K | Direct |
| Nov 5, 25 | Fia (Roberto) Director of Issuer |
— | 27.30M | — | Direct |
| Nov 5, 25 | Fia (Roberto) Director of Issuer |
— | 268.02K | — | Direct |
| Nov 5, 25 | Fia (Roberto) Director of Issuer |
EXERCISE | 625.00K | $26.88K | Direct |
| Oct 10, 25 | Raimondo (Michael) Director of Issuer |
— | 0 | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Fia (Roberto) |
Director of Issuer | 8.61M | Compensation for services |
Raimondo (Michael) |
Director of Issuer | 175.00K | Compensation for services |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
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
0.00%
+1.4%
1M
+11.11%
+7.4%
3M
-9.09%
-12.2%
6M
-9.09%
-20.2%
YTD
-9.09%
-21.4%
1Y
-23.08%
-43.1%
3Y
-86.11%
-160.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$3.06M
Enterprise value$3.08M
Revenue (TTM)$135.82K
Gross profit$95.62K
EBITDA$-1.22M
Net income$-4.01M
EPS (TTM)$-0.07
Free cash flow$-146.36K
Total cash$25.13K
Total debt$40.00K
Book value / share$-0.03
Shares outstanding61.25M
Float52.46M
Short % of float—
Dividend yield—
Beta (5Y)1.13
Short interest
Shares short
86
Prior 1.46K
Change vs prior
-94.1%
Shorts covering
% of float
—
—
% of shares out
0.00%
Against total outstanding
Days to cover
0.0
Liquid
Float
52.46M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue22.66
EV / EBITDA-2.51
Gross margin70.40%
Operating margin-326.84%
Profit margin0.00%
Return on equity—
Return on assets-48.25%
Debt / equity—
Current ratio0.08
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $80.27K | $26.07K | $23.90K | $139.43K | +207.9% |
| Operating revenue | $80.27K | $26.07K | $23.90K | $139.43K | +207.9% |
| Cost of revenue | $25.42K | $614 | $0 | $75.95K | +4,039.7% |
| Gross profit | $54.85K | $25.46K | $23.90K | $63.48K | +115.5% |
| Research & development | $0 | $9.69K | $446.58K | $805.54K | -100.0% |
| Selling, general & admin | $1.73M | $1.15M | $3.18M | $4.94M | +50.4% |
| Total operating expense | $1.82M | $1.26M | $3.70M | $5.90M | +44.6% |
| Operating income | -$1.77M | -$1.23M | -$3.68M | -$5.84M | -43.2% |
| Net interest income | -$2.61K | -$8.60K | -$13.44K | -$1.38K | +69.7% |
| Pre-tax income | -$4.34M | -$2.45M | -$3.77M | -$5.88M | -77.2% |
| Net income | -$4.34M | -$2.45M | -$3.77M | -$5.88M | -77.2% |
| Net income to common | -$4.34M | -$2.45M | -$3.77M | -$5.88M | -77.2% |
| Basic EPS | -0.08 | -0.06 | -0.02 | -0.03 | -33.3% |
| Diluted EPS | -0.08 | -0.06 | -0.02 | -0.24 | -33.3% |
| EBIT | -$4.34M | -$2.44M | -$3.75M | -$5.88M | -77.7% |
| EBITDA | -$4.25M | -$2.34M | -$3.68M | -$5.73M | -81.3% |
| Basic shares | 56.10M | 39.78M | 30.03M | 28.56M | +41.0% |
| Diluted shares | 56.10M | 39.78M | 30.03M | 28.56M | +41.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.47K | $1.10K | $182.24K | $3.08M | +33.9% |
| Cash & short-term investments | $38.07K | $1.10K | $182.24K | $3.08M | +3,373.8% |
| Accounts receivable | — | — | $0 | $115.06K | — |
| Inventory | $131.59K | $172.11K | $172.72K | $172.72K | -23.5% |
| Total current assets | $197.82K | $391.68K | $445.88K | $3.58M | -49.5% |
| Property, plant & equipment | $17.43K | $44.63K | $75.00K | $106.73K | -61.0% |
| Goodwill & intangibles | $33.45K | $519.65K | $623.69K | $105.18K | -93.6% |
| Total assets | $248.69K | $3.19M | $2.21M | $4.00M | -92.2% |
| Total current liabilities | $1.81M | $1.87M | $2.14M | $1.16M | -2.8% |
| Current debt | $40.00K | $40.00K | $40.00K | — | 0.0% |
| Long-term debt | — | — | — | $40.00K | — |
| Total debt | $40.00K | $65.39K | $90.39K | $110.55K | -38.8% |
| Total liabilities | $1.81M | $1.87M | $2.16M | $1.25M | -2.8% |
| Retained earnings | -$42.57M | -$38.23M | -$35.78M | -$32.01M | -11.4% |
| Shareholder equity | -$1.57M | $1.32M | $44.79K | $2.75M | -218.3% |
| Working capital | -$1.62M | -$1.47M | -$1.69M | $2.42M | -9.7% |
| Net tangible assets | -$1.60M | $804.37K | -$578.89K | $2.64M | -298.8% |
| Shares issued | 58.00M | 54.40M | 32.18M | 29.94M | +6.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$4.34M | -$2.45M | -$3.77M | -$5.88M | -77.2% |
| Depreciation & amortisation | $91.78K | $99.51K | $75.38K | $151.69K | -7.8% |
| Stock-based compensation | $170.94K | $299.01K | $0 | $1.57M | -42.8% |
| Change in working capital | $1.31M | -$207.72K | $1.17M | $354.00K | +731.4% |
| Operating cash flow | -$146.53K | -$1.01M | -$2.17M | -$3.80M | +85.5% |
| Capital expenditure | — | — | -$267.56K | — | — |
| Investing cash flow | $0 | -$138.26K | -$691.08K | -$204.93K | +100.0% |
| Financing cash flow | $146.90K | $966.40K | -$33.60K | $5.31M | -84.8% |
| Free cash flow | -$146.53K | -$1.01M | -$2.44M | -$3.80M | +85.5% |
| End cash position | $1.47K | $1.10K | $182.24K | $3.08M | +33.9% |
| Line item | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $70.19K | $19.32K | $0 | $46.32K | $1.81K | — | +263.3% |
| Operating revenue | $70.19K | $19.32K | $0 | $46.32K | $1.81K | — | +263.3% |
| Cost of revenue | $14.36K | $7.18K | $718 | $17.95K | $216 | — | +100.0% |
| Gross profit | $55.83K | $12.14K | -$718 | $28.37K | $1.60K | — | +360.0% |
| Selling, general & admin | $282.69K | $312.16K | $234.30K | $468.46K | $187.93K | — | -9.4% |
| Total operating expense | $285.23K | $314.71K | $236.84K | $489.85K | $211.39K | — | -9.4% |
| Operating income | -$229.40K | -$302.57K | -$237.56K | -$461.48K | -$209.80K | — | +24.2% |
| Net interest income | $0 | $0 | $0 | -$51 | -$427 | — | — |
| Pre-tax income | -$236.06K | -$315.88K | -$230.90K | -$3.23M | -$196.10K | — | +25.3% |
| Net income | -$236.06K | -$315.88K | -$230.90K | -$3.23M | -$196.10K | — | +25.3% |
| Net income to common | -$236.06K | -$315.88K | -$230.90K | -$3.23M | -$196.10K | — | +25.3% |
| Basic EPS | 0.00 | -0.01 | 0.00 | — | 0.00 | -0.01 | +100.0% |
| Diluted EPS | 0.00 | -0.01 | 0.00 | — | 0.00 | -0.01 | +100.0% |
| EBIT | -$236.06K | -$315.88K | -$230.90K | -$3.23M | -$195.67K | — | +25.3% |
| EBITDA | -$233.51K | -$313.34K | -$228.36K | -$3.20M | -$172.21K | — | +25.5% |
| Basic shares | 61.25M | 61.25M | 58.01M | — | 55.92M | 447.38M | 0.0% |
| Diluted shares | 61.25M | 61.25M | 58.01M | — | 55.92M | 447.38M | 0.0% |
| Line item | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.84K | $6.24K | $22.33K | $1.47K | $42.41K | -70.6% |
| Cash & short-term investments | $25.13K | $36.19K | $65.59K | $38.07K | $75.69K | -30.6% |
| Accounts receivable | $18.76K | — | $120.00K | — | — | — |
| Inventory | $108.04K | $123.69K | $130.87K | $131.59K | $164.64K | -12.7% |
| Total current assets | $174.70K | $200.81K | $358.25K | $197.82K | $358.20K | -13.0% |
| Property, plant & equipment | $14.81K | $15.69K | $16.56K | $17.43K | $22.67K | -5.6% |
| Goodwill & intangibles | $28.43K | $30.11K | $31.78K | $33.45K | $471.21K | -5.6% |
| Total assets | $217.95K | $246.60K | $406.59K | $248.69K | $2.97M | -11.6% |
| Total current liabilities | $2.15M | $2.08M | $1.92M | $1.81M | $1.83M | +3.3% |
| Current debt | $40.00K | $40.00K | $40.00K | $40.00K | $40.00K | 0.0% |
| Total debt | $40.00K | $40.00K | $40.00K | $40.00K | $42.75K | 0.0% |
| Total liabilities | $2.15M | $2.08M | $1.92M | $1.81M | $1.83M | +3.3% |
| Retained earnings | -$43.35M | -$43.12M | -$42.80M | -$42.57M | -$39.35M | -0.5% |
| Shareholder equity | -$1.93M | -$1.83M | -$1.52M | -$1.57M | $1.14M | -5.3% |
| Working capital | -$1.97M | -$1.88M | -$1.57M | -$1.62M | -$1.47M | -5.0% |
| Net tangible assets | -$1.96M | -$1.86M | -$1.55M | -$1.60M | $671.13K | -5.1% |
| Shares issued | 61.25M | 61.25M | 61.25M | 58.00M | 451.63M | 0.0% |
| Line item | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$236.06K | -$315.88K | -$230.90K | -$3.23M | -$196.10K | +25.3% |
| Depreciation & amortisation | $2.54K | $2.54K | $2.54K | $21.39K | $23.46K | 0.0% |
| Stock-based compensation | $139.12K | $0 | $0 | $0 | $0 | — |
| Change in working capital | $83.34K | $163.94K | $196.25K | $400.58K | $237.36K | -49.2% |
| Operating cash flow | -$4.40K | -$136.09K | -$38.76K | -$38.15K | $48.47K | +96.8% |
| Investing cash flow | — | — | — | $0 | — | — |
| Financing cash flow | $0 | $120.00K | $59.63K | -$2.80K | -$8.40K | -100.0% |
| Free cash flow | -$4.40K | -$136.09K | -$38.76K | -$38.15K | $48.47K | +96.8% |
| End cash position | $1.84K | $6.24K | $22.33K | $1.47K | $42.41K | -70.6% |
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders14.05%
Held by institutions0.00%
Institutions holding0
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
0.05
-0.99% from price
SMA 20
0.05
-1.96% from price
SMA 50
0.05
-3.47% from price
SMA 100
0.05
-9.09% from price
SMA 200
0.06
-13.01% from price
EMA 12
0.05
-0.35% from price
EMA 26
0.05
-1.98% from price
EMA 50
0.05
-4.07% from price
RSI (14)
47.6
Neutral
MACD (12,26,9)
-0.00
Hist -0.00
ATR (14)
0.00
2.86% of price
Realised vol 30D
103.6%
Annualised
Bollinger upper
0.06
20, 2σ
Bollinger lower
0.05
20, 2σ
50 / 200 cross
Death
0.05 vs 0.06
Trend bias
Below 200
-13.01%
Risk profile
Beta vs SPY
0.09
Less volatile than market
Correlation to SPY
0.01
Largely independent
Realised vol 30D
103.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-59.1%
Peak to trough
Max drawdown 5Y
-99.0%
Peak to trough
ATR 14
0.00
2.86% of price
Beta (reported)
1.13
5Y monthly, from filing
Dividends & splits
Forward rate—
Forward yield—
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:8
Split dateJul 8, 2025
Headlines
Her Advisor Said Wait Until 70. At 66, She Chose Time to Enjoy Social Security Over an 8%-a-Year Raise.
24/7 Wall St. · 13m ago
Walmart's $200 military smartwatch with a handy flashlight and 'unbelievable battery' is now $27
TheStreet · 16m ago
The 30-Year Treasury Now Out-Yields Dividend Stocks by 2.2 Points. History Says What Followed the Last Time.
Motley Fool · 18m ago
World No. 3 Pegula beats defending champ Swiatek to reach Cincy final
AFP · 18m ago
Top analyst sees trouble looming for SpaceX stock
TheStreet · 19m ago
IndyCars zip among iconic Washington landmarks ahead of Freedom 250
AFP · 27m ago
He Sold Nothing in the 2022 Crash. He Swapped Into a Similar Fund for a Week, Booked $90,000 of Losses, and Hasn’t Paid Capital-Gains Tax Since.
24/7 Wall St. · 32m ago
Judge rules Keene ICE detainee unlawfully held without bond hearing
New Hampshire Union Leader, Manchester · 33m ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.