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Diagnos (TSE:ADK)
:ADK
Canadian Market
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Diagnos (ADK) AI Stock Analysis

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TSE:ADK

Diagnos

(ADK)

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Neutral 51 (OpenAI - 4o)
Rating:51Neutral
Price Target:
C$0.50
▲(47.06% Upside)
The overall stock score of 51.1 reflects significant financial challenges, with the company's financial performance being the most critical factor. Technical analysis provides some positive momentum, but the valuation remains unattractive due to negative earnings. The lack of earnings call and corporate events data limits further insights.

Diagnos (ADK) vs. iShares MSCI Canada ETF (EWC)

Diagnos Business Overview & Revenue Model

Company DescriptionDIAGNOS Inc. provides software-based services primarily in Canada, the United States, Colombia, Spain, Mexico, Saudi Arabia, and Costa Rica. The company offers healthcare services through Computer Assisted Retina Analysis, a web-based software tool that assists healthcare professionals for the detection of diabetic retinopathy; and allows eye care specialist to visualize both normal retinal landmarks and pathological changes. It also provides various consulting services in the fields of data analysis and artificial intelligence. The company was founded in 1998 and is headquartered in Brossard, Canada.
How the Company Makes MoneyDiagnos generates revenue primarily through the licensing of its AI diagnostic software and services to healthcare institutions. Their business model includes subscription fees for ongoing access to the CARA platform, which provides continuous updates and support. Additionally, Diagnos may earn revenue through partnerships with healthcare providers and pharmaceutical companies, collaborating on research and development initiatives that integrate their technology. The company may also explore revenue through consulting services, offering training and expertise to clients on how to effectively utilize their AI tools in clinical settings. By expanding its network of partnerships and enhancing its product offerings, Diagnos aims to increase its market share and revenue streams.

Diagnos Financial Statement Overview

Summary
Diagnos exhibits significant financial distress across all major financial statements. The income statement shows ongoing losses, the balance sheet reveals high leverage and negative equity in some years, and cash flows highlight operational cash challenges. The company faces substantial risks that threaten its financial health, necessitating urgent strategic adjustments.
Income Statement
10
Very Negative
Diagnos has faced significant challenges in its income statement, with consistent negative gross profit margins over the years, indicating that the cost of goods sold exceeds revenue. The net profit margins are deeply negative, reflecting ongoing losses. Revenue has shown volatility, with recent declines from previous periods, further exacerbating financial instability. The EBIT and EBITDA margins are also negative, suggesting operational inefficiencies.
Balance Sheet
15
Very Negative
The balance sheet reveals financial stress with high leverage as indicated by the debt-to-equity ratio. Stockholders' equity is negative in some years, pointing to a difficult financial position. The equity ratio is low, indicating a reliance on debt financing. These factors imply potential risks in financial stability and solvency.
Cash Flow
20
Very Negative
Cash flow analysis shows persistent negative operating cash flows, indicating challenges in generating cash from operations. Free cash flow remains negative, exacerbating liquidity concerns. Financing cash flows are positive, suggesting reliance on external financing to sustain operations. Overall, cash flow management appears strained with little improvement over time.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue86.51K103.80K170.16K438.83K267.07K331.52K
Gross Profit-1.23M-943.56K35.80K-418.30K-347.53K-473.45K
EBITDA-3.98M-3.56M-2.45M-2.10M-2.45M-1.93M
Net Income-4.68M-4.29M-3.12M-2.61M-2.05M-3.38M
Balance Sheet
Total Assets2.05M3.64M663.79K1.54M1.95M2.43M
Cash, Cash Equivalents and Short-Term Investments1.66M3.24M219.01K920.91K1.36M1.87M
Total Debt2.50M3.07M3.19M1.19M471.68K337.55K
Total Liabilities2.85M3.40M3.72M1.66M818.19K614.78K
Stockholders Equity-801.73K233.11K-3.05M-113.51K1.13M1.82M
Cash Flow
Free Cash Flow-3.79M-3.65M-2.16M-2.07M-1.40M-2.66M
Operating Cash Flow-3.78M-3.64M-2.15M-2.04M-1.36M-2.64M
Investing Cash Flow-996.54K-3.11M-14.02K503.52K262.93K-759.98K
Financing Cash Flow4.75M6.62M2.08M1.60M882.82K3.83M

Diagnos Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.34
Price Trends
50DMA
0.30
Positive
100DMA
0.26
Positive
200DMA
0.27
Positive
Market Momentum
MACD
0.01
Positive
RSI
53.22
Neutral
STOCH
48.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ADK, the sentiment is Neutral. The current price of 0.34 is below the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.30, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 53.22 is Neutral, neither overbought nor oversold. The STOCH value of 48.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ADK.

Diagnos Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$7.86B-0.30-43.30%2.27%22.53%-2.21%
C$35.14M-6.98-47.10%-19.32%
C$11.63M-1.61-1143.80%-64.23%18.42%
C$11.49M12.44%74.38%
$14.89M-2.4821.61%
C$71.54M-202.19%40.17%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ADK
Diagnos
0.34
0.02
6.25%
TSE:AIML
Aiml Resources
0.06
-0.04
-40.00%
TSE:AIDR
Rocket Doctor AI
0.89
0.26
41.27%
TSE:CHS
Comprehensive Healthcare Systems Inc
0.64
0.44
220.00%
TSE:UDOC
UniDoc Health Corp
0.19
-0.30
-61.46%

Diagnos Corporate Events

Business Operations and StrategyDelistings and Listing Changes
Diagnos Inc. Extends Stock Warrant Exercise Period
Neutral
Oct 22, 2025

Diagnos Inc. has announced its intention to extend the exercise period of 1,125,000 stock warrants, initially set to expire on November 9, 2025, to a new date of August 5, 2026, pending approval from the TSX Venture Exchange. This extension aims to provide warrant holders with additional time to exercise their options, potentially impacting the company’s financial strategy and market positioning.

The most recent analyst rating on (TSE:ADK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Diagnos stock, see the TSE:ADK Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
DIAGNOS to Showcase Growth Potential at Bahamas Summit
Positive
Oct 15, 2025

DIAGNOS has announced its participation in the Centurion One Capital 3rd Annual Bahamas Summit, where CEO André Larente will present and engage with investors. The event provides a platform for DIAGNOS to showcase its growth potential, supported by recent regulatory advancements, to a global audience of growth investors.

The most recent analyst rating on (TSE:ADK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Diagnos stock, see the TSE:ADK Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
DIAGNOS Achieves MDSAP Audit Success, Paving Way for Global Expansion
Positive
Oct 8, 2025

DIAGNOS Inc. has successfully completed its annual surveillance audit under the Medical Device Single Audit Program (MDSAP), confirming full compliance with quality and regulatory standards. This achievement strengthens DIAGNOS’ position in regulatory submissions and supports its mission to aid healthcare professionals in early detection of critical health issues. The renewed certification reflects the company’s commitment to scaling its SaaS-based AI platform globally, aligning with its expanding strategy and accelerating approvals with Health Canada, the FDA, and the SFDA.

The most recent analyst rating on (TSE:ADK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Diagnos stock, see the TSE:ADK Stock Forecast page.

Executive/Board ChangesShareholder Meetings
DIAGNOS Inc. Announces Shareholder Meeting Results and Stock Option Grants
Neutral
Sep 25, 2025

DIAGNOS Inc. announced the results of its annual shareholders’ meeting, where André Larente, Robert Dunn, Michael Braeuel, and Philippe Couillard were elected as directors. Grant Thornton LLP was appointed as the auditor for the fiscal year ending March 31, 2026. Additionally, the company granted 1,100,000 stock options to two directors, replacing expiring options, with an exercise price of $0.26 per share, subject to regulatory compliance. These developments indicate DIAGNOS’s ongoing commitment to strengthening its leadership and financial oversight, potentially impacting its strategic direction and stakeholder confidence.

The most recent analyst rating on (TSE:ADK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Diagnos stock, see the TSE:ADK Stock Forecast page.

Private Placements and Financing
Diagnos Inc. Closes $100,000 Private Placement for AI Development
Neutral
Sep 5, 2025

Diagnos Inc. has successfully closed a non-brokered private placement, raising $100,000 through the issuance of 10 units priced at $10,000 each. The funds will be used primarily for product development, commercialization of AI-based screening services, and general administrative expenses. The transaction involved a director of the company, considered a related party, but was exempt from certain regulatory requirements due to its size. The private placement is still subject to necessary approvals, including from the TSX Venture Exchange.

The most recent analyst rating on (TSE:ADK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Diagnos stock, see the TSE:ADK Stock Forecast page.

Private Placements and Financing
DIAGNOS Inc. Announces $100,000 Private Placement for AI Product Development
Neutral
Sep 3, 2025

DIAGNOS Inc. announced a non-brokered private placement of 10 units at $10,000 each, totaling $100,000. The funds will primarily support product development and commercialization of AI-based screening services. A director has committed to subscribing to all units, and the placement is subject to necessary approvals.

The most recent analyst rating on (TSE:ADK) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Diagnos stock, see the TSE:ADK Stock Forecast page.

Private Placements and FinancingRegulatory Filings and Compliance
Diagnos Inc. Extends Stock Warrants Exercise Period and Corrects Previous Announcement
Neutral
Aug 15, 2025

Diagnos Inc. has announced its intention to extend the exercise period for 650,000 stock warrants issued as part of a non-brokered private placement, pending approval from the TSX Venture Exchange. The new expiry date is proposed to be August 5, 2026, with all other terms remaining unchanged. Additionally, Diagnos corrected a previous announcement regarding the expiry date of another set of warrants, clarifying the new date as August 5, 2026, instead of February 27, 2029. This move reflects the company’s ongoing efforts to manage its financial instruments effectively, potentially impacting investor relations and market perceptions.

Business Operations and StrategyDelistings and Listing Changes
Diagnos Inc. Extends Stock Warrants Exercise Period
Neutral
Aug 13, 2025

Diagnos Inc. has announced its intention to extend the exercise period of over 1.4 million stock warrants from an initial expiry date of August 27, 2025, to February 27, 2029, pending approval from the TSX Venture Exchange. This extension is part of a strategic move to maintain favorable conditions for stakeholders, with all other warrant terms remaining unchanged. The amendment has been reviewed and approved by the board, ensuring alignment with the corporation’s and shareholders’ best interests.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025