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Kadestone Capital Corp. ( (TSE:KDSX) ) has issued an update.
Kadestone Capital Corp. reported a net loss of $4.65 million for the year ended December 31, 2024, a significant increase from the previous year’s net loss of $1.79 million. This increase was attributed to higher operating expenses, including salaries, consulting fees, and interest expenses. Despite these challenges, the company successfully amended and restated a $10 million term loan and settled a convertible note, indicating strategic financial management. The financial results reflect the company’s ongoing operational spending and efforts to solidify its market position as a leading vertically integrated property company.
Spark’s Take on TSE:KDSX Stock
According to Spark, TipRanks’ AI Analyst, TSE:KDSX is a Neutral.
Kadestone Capital Corp.’s stock score reflects significant financial challenges, including negative profitability and high leverage, which weigh heavily on the overall evaluation. Technical analysis indicates some short-term improvement but lacks strong upward momentum. The negative P/E ratio and absence of dividend yield further detract from its valuation appeal.
To see Spark’s full report on TSE:KDSX stock, click here.
More about Kadestone Capital Corp.
Kadestone Capital Corp. is a vertically integrated property company focused on the investment, acquisition, development, and management of residential and commercial income-producing properties. The company also engages in the procurement and sale of building materials within major urban centers and high-growth emerging markets in Canada. Kadestone operates five complementary business lines, including building materials procurement and supply, property development and construction, construction finance, asset ownership, and property management.
YTD Price Performance: -23.69%
Technical Sentiment Signal: Buy
Current Market Cap: $30.53M
Find detailed analytics on KDSX stock on TipRanks’ Stock Analysis page.