Acceleware Ltd (TSE:AXE)
:AXE
Want to see TSE:AXE full AI Analyst Report?
Top Page
Acceleware
(AXE)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.07
▼(-10.00% Downside)
Action:Reiterated
Date:06/01/26
The score is driven mainly by weak financial performance (shrinking TTM revenue, heavy losses, persistent cash burn) and a particularly fragile balance sheet with negative equity. Technicals also point to a bearish trend (price below key moving averages and negative MACD). Valuation provides limited support because the company is unprofitable (negative P/E) and there is no dividend yield data.
Positive Factors
High gross margin
A ~98% gross margin indicates the core software/HPC products have very high incremental profitability. If revenue stabilizes or grows, this margin profile supports rapid operating leverage, scalable unit economics, and sustainable profitability once fixed costs are covered.
Negative Factors
Negative shareholders' equity
Negative shareholders' equity reflects accumulated losses exceeding contributed capital, constraining financial flexibility. It raises refinancing and dilution risk, limits capacity to borrow or invest, and weakens the firm's ability to absorb shocks or fund growth without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A ~98% gross margin indicates the core software/HPC products have very high incremental profitability. If revenue stabilizes or grows, this margin profile supports rapid operating leverage, scalable unit economics, and sustainable profitability once fixed costs are covered.
Read all positive factors
Acceleware (AXE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.74M
Dividend YieldN/A
Average Volume (3M)21.52K
Price to Earnings (P/E)―
Beta (1Y)-0.50
Revenue Growth-92.81%
EPS Growth-180.82%
CountryCA
Employees15
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
Shares Outstanding130,440,260
10 Day Avg. Volume29,850
30 Day Avg. Volume21,525
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)-1.66
Price to Sales (P/S)13.72
P/FCF Ratio-7.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Acceleware Business Overview & Revenue Model
Company Description
Acceleware Ltd. is a technology company operating in both Canada and the United States, primarily focused on the oil and gas industry. The firm's activities are divided into two core segments: RF Heating and High-Performance Computing. Under its R...
How the Company Makes Money
Acceleware makes money primarily by selling and delivering technology solutions and related services. Its revenue model has historically included (1) software licensing and commercialization of its high-performance computing (HPC) applications, in...
Acceleware Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 404.26K | 719.18K | 5.23M | 279.01K | 328.29K | 752.77K |
| Gross Profit | 378.82K | 687.40K | 5.23M | 279.01K | 309.55K | 711.24K |
| EBITDA | -1.96M | -1.80M | 2.68M | -1.41M | -4.73M | -4.02M |
| Net Income | -2.21M | -1.86M | 2.00M | -2.05M | -5.14M | -4.08M |
Balance Sheet | ||||||
| Total Assets | 122.62K | 351.29K | 340.45K | 1.51M | 2.53M | 5.35M |
| Cash, Cash Equivalents and Short-Term Investments | 42.12K | 247.88K | 271.78K | 951.57K | 1.15M | 1.95M |
| Total Debt | 3.68M | 3.30M | 2.84M | 2.40M | 2.32M | 344.42K |
| Total Liabilities | 6.75M | 6.29M | 5.74M | 9.49M | 9.69M | 9.48M |
| Stockholders Equity | -6.62M | -5.94M | -5.40M | -7.98M | -7.16M | -4.12M |
Cash Flow | ||||||
| Free Cash Flow | -1.36M | -1.25M | -650.45K | -743.26K | -4.58M | -337.86K |
| Operating Cash Flow | -1.36M | -1.25M | -650.45K | -743.26K | -4.58M | -305.03K |
| Investing Cash Flow | 232.46K | 232.46K | 0.00 | 0.00 | 0.00 | -32.84K |
| Financing Cash Flow | 960.81K | 997.29K | -29.35K | 548.36K | 3.78M | 343.36K |
Acceleware Technical Analysis
Negative
0.08
Price Trends
0.10
Negative
0.09
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
42.20
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AXE, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.20 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AXE.
Acceleware Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$33.07M | 13.64 | 23.36% | ― | 12.32% | 3.30% | |
65 Neutral | C$295.60M | 17.05 | 20.50% | 2.32% | -2.52% | -21.72% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | C$64.96M | -40.23 | -77.16% | ― | 157.18% | -328.57% | |
49 Neutral | C$134.84M | -11.75 | -100.85% | ― | -0.90% | -3.31% | |
42 Neutral | C$11.74M | -5.32 | ― | ― | -92.81% | -180.82% |
* Technology Sector Average
TSE:AXE
Acceleware
0.09
-0.04
-30.77%
TSE:CMG
Computer Modelling
3.79
-3.15
-45.39%
TSE:CTZ
NamSys
1.23
<0.01
0.24%
TSE:ONE
01 Communique Laboratory Inc.
0.60
0.16
36.36%
TSE:XTRA
Xtract One
0.54
0.10
22.73%
Acceleware Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Acceleware Advances Debenture Restructuring With Second Tranche of Replacement Notes
Positive
Apr 16, 2026
Acceleware Ltd. has closed the second tranche of its replacement debenture issuance, adding $178,185.36 in principal and bringing total replacement debentures issued under its restructuring to $1,184,781. The move is part of a broader overhaul of ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Acceleware Restructures C$2.45 Million in Convertible Debt with Equity Units and New Debentures
Positive
Apr 11, 2026
Acceleware has completed a shares-for-debt transaction and the first tranche of new convertible debentures as part of a restructuring of C$2.45 million in 10% unsecured convertible debt. Holders of the 2022 debentures could elect to receive equity...
Business Operations and Strategy
Acceleware Joins Canadian Cleantech Mining Mission to Australia and Indonesia
Positive
Apr 2, 2026
Acceleware has been selected to join the Canadian Cleantech for Mining Mission to Australia and Indonesia in May 2026, aligning its radio frequency power-to-heat technology with global mining priorities such as energy efficiency, emissions reducti...
Business Operations and StrategyFinancial Disclosures
Acceleware Posts 2025 Loss but Advances RF XL 2.0 and Mining Decarbonization Projects
Negative
Mar 30, 2026
Acceleware reported a sharp revenue decline in 2025 to $0.7 million from $5.2 million a year earlier and swung to a comprehensive loss of $1.9 million, reflecting reduced project activity and ongoing investment in research and development. The com...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Acceleware Moves to Restructure $2.4 Million in Convertible Debentures
Neutral
Mar 19, 2026
Acceleware plans to restructure up to $2.4 million of 10% unsecured convertible debentures by offering holders a choice between equity units in a shares-for-debt deal, new replacement debentures with revised conversion terms, or a mix of both. The...
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.