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Baylin Tech (TSE:BYL)
TSX:BYL
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Baylin Tech (BYL) AI Stock Analysis

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TSE:BYL

Baylin Tech

(TSX:BYL)

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Neutral 46 (OpenAI - 4o)
Rating:46Neutral
Price Target:
C$0.50
▲(47.06% Upside)
Baylin Tech's overall stock score is primarily impacted by its financial performance challenges, including ongoing losses and high leverage. Technical analysis shows mixed signals, with some medium-term strength but short-term bearish momentum. The negative P/E ratio and lack of dividend yield further weigh on the valuation.

Baylin Tech (BYL) vs. iShares MSCI Canada ETF (EWC)

Baylin Tech Business Overview & Revenue Model

Company DescriptionBaylin Technologies Inc., together with its subsidiaries, researches, designs, develops, manufactures, and sells passive and active radio frequency (RF) products, satellite communications products, and supporting services. It offers embedded antennas for use in smartphones, tablets, and other mobile devices; device-specific antennas for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products; and indoor and outdoor distributed antenna systems (DAS), small cell system antennas, and base station antennas (BSA) for original equipment manufacturer, DAS, BSA, and small cell markets. The company also provides RF components, including GaN-based power amplifiers, gallium arsenide-based power amplifiers, indoor and outdoor frequency converters, and transceivers; microwave components comprising point-to-point microwave radios and network management software; fixed and mobile antennas, and antenna controllers for customers in the broadcast, maritime and cruise ships, government and military, homeland security, direct-to-home satellite, oil and gas, and wireless communications verticals. In addition, it offers RF and microwave solid state power amplifiers; and pulsed amplifiers for radar applications, and transmitter and transceiver products, as well as RF passive components and systems. The company offers its products under the Galtronics, Advantech Wireless, Alga Microwave, and Mitec VSAT brands. It operates in the United States, Vietnam, China, India, Thailand, South Korea, Canada, Sweden, Indonesia, Hungary, Taiwan, Philippines, Portugal, Romania, Japan, Brazil, Israel, Singapore, Australia, France, Germany, Russia, and internationally. The company was founded in 1978 and is headquartered in Toronto, Canada.
How the Company Makes MoneyBaylin Tech generates revenue primarily through the sale of its wireless communication products and solutions. The company offers a diverse portfolio of antennas and radio frequency components designed to meet the needs of different industries. Revenue streams include direct sales to telecommunications companies, government contracts for military and aerospace applications, and collaborations with healthcare providers for medical communication systems. Baylin Tech also engages in strategic partnerships with other technology firms to integrate its solutions into broader network infrastructures, contributing to its earnings. The company's ability to innovate and adapt its products to emerging technologies and market demands plays a crucial role in its financial success.

Baylin Tech Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q3-2024)
|
% Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and improved profitability metrics, driven by successful sales and innovative product wins in the SATCOM line. Despite ongoing net losses and regulatory challenges in asset sales, the company demonstrated resilience with a strong backlog and positive outlook for 2025. Overall, the positive developments outweighed the challenges faced.
Q3-2024 Updates
Positive Updates
Significant Revenue Growth
Revenue from continuing operations was $20.7 million in Q3 2024, an increase of $3.8 million or nearly 26% compared to Q3 2023.
Improved Gross Profit and Margin
Gross profit from continuing operations increased by $2.9 million, or over 44%, compared to the same quarter last year. Gross margin increased to 46.1% from 39.2% in Q3 2023.
Positive Adjusted EBITDA
Adjusted EBITDA from continuing operations was $0.9 million, an increase of $1.7 million from the negative $0.8 million in Q3 2023.
Successful Sale of Assets
Completed the sale of Galtronics Korea Limited, recognizing a gain of $0.9 million, with the expected completion of Galtronics Vietnam Company Limited sale in Q4 2024.
Innovative Wins in SATCOM
SATCOM's high-power amplifier systems were chosen for various projects, including NASA's Artemis Moon exploration program and the North Warning System.
Resilient Backlog
Backlog from continuing operations increased from $30.2 million at the end of Q3 to $31.9 million by October 31, 2024.
Negative Updates
Net Loss Persistence
Net loss from continuing operations was $1.4 million in Q3, compared to a net loss of $2.4 million in the same quarter last year.
Challenges with Regulatory Approvals
The sale process in Vietnam is taking longer than expected due to regulatory approvals.
Seasonal Revenue Decline
Revenue from Embedded and Wireless Infrastructure business lines was lower than the second quarter, which is attributed to seasonal trends.
Increased Net Debt
Net debt from continuing operations increased by $2.2 million from the end of last year, mainly due to cash used for interest payments.
Company Guidance
During the Baylin Technologies Q3 2024 earnings call, several key metrics were highlighted. The company's revenue from continuing operations increased by 26% to $20.7 million compared to the same quarter last year, driven by higher sales volumes in the embedded and wireless infrastructure business lines. Gross profit saw a significant rise of over 44%, reaching $9.5 million, while gross margin improved to 46.1%, up from 39.2% in Q3 2023. Adjusted EBITDA from continuing operations turned positive at $0.9 million, a notable improvement from a negative $0.8 million in the previous year. The net loss from continuing operations narrowed to $1.4 million, equating to a $0.01 per share loss, compared to a $0.03 per share loss last year. The backlog also increased to $31.9 million by October 31, 2024, demonstrating strong order flow across all business lines. Despite the positive financial performance, the macroeconomic environment remains a concern, with cautious optimism expressed for future quarters.

Baylin Tech Financial Statement Overview

Summary
Baylin Tech faces significant financial challenges, with ongoing losses and high leverage. While there are some positive signs in cash flow management and revenue growth, the company must address operational inefficiencies and improve its balance sheet health to achieve financial stability and growth.
Income Statement
45
Neutral
Baylin Tech's income statement shows a mixed performance. The company has a positive gross profit margin, indicating some efficiency in production, but the net profit margin is negative, reflecting ongoing losses. Revenue growth is volatile, with a significant increase in the TTM period after a decline in previous years. However, negative EBIT and EBITDA margins suggest operational inefficiencies and challenges in achieving profitability.
Balance Sheet
30
Negative
The balance sheet reveals financial instability, with a negative stockholders' equity and a high debt-to-equity ratio, indicating excessive leverage. The return on equity is positive in the TTM period, but this is due to negative equity, which is not a sustainable position. The equity ratio is also negative, highlighting potential solvency issues.
Cash Flow
50
Neutral
Cash flow analysis shows some improvement with positive free cash flow growth and a high free cash flow to net income ratio, indicating better cash management. However, the operating cash flow to net income ratio remains low, suggesting challenges in converting income into cash. The company needs to focus on improving operational cash flows to ensure long-term sustainability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue82.82M83.59M73.04M120.86M102.49M119.74M
Gross Profit35.84M34.39M28.40M32.91M15.11M35.40M
EBITDA-860.00K-1.79M229.00K-1.52M-46.28M-1.29M
Net Income-4.55M-7.85M-13.85M-16.88M-67.42M-16.92M
Balance Sheet
Total Assets44.82M49.17M59.71M74.38M93.03M133.47M
Cash, Cash Equivalents and Short-Term Investments4.29M5.01M4.90M7.38M19.67M11.21M
Total Debt29.27M30.68M28.66M44.83M48.76M58.44M
Total Liabilities53.46M57.69M59.75M77.64M81.25M84.61M
Stockholders Equity-8.63M-8.52M-36.00K-3.26M11.78M48.86M
Cash Flow
Free Cash Flow6.03M327.00K-7.39M-6.74M-8.29M-3.47M
Operating Cash Flow6.13M464.00K-7.08M-4.98M-6.88M3.66M
Investing Cash Flow-98.00K-137.00K-33.00K-1.74M-1.41M-6.98M
Financing Cash Flow-4.52M-566.00K4.85M-6.59M16.86M636.00K

Baylin Tech Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.34
Price Trends
50DMA
0.30
Positive
100DMA
0.28
Positive
200DMA
0.30
Positive
Market Momentum
MACD
<0.01
Negative
RSI
57.55
Neutral
STOCH
69.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYL, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.30, and above the 200-day MA of 0.30, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.55 is Neutral, neither overbought nor oversold. The STOCH value of 69.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BYL.

Baylin Tech Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
58
Neutral
65.13M107.699.51%37.78%-48.82%
46
Neutral
C$49.26M275.12%
46
Neutral
36.76M-29.290.00%5.75%-51.54%-164.01%
41
Neutral
6.73M-7.020.00%37.33%-7.55%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BYL
Baylin Tech
0.34
-0.12
-26.09%
TSE:BEW
BeWhere Holdings
0.70
0.02
2.94%
TSE:CMI
C-Com Satellite Systems
0.87
-0.29
-25.00%
TSE:LTE
Lite Access Technologies
0.08
0.00
0.00%
TSE:NUR
Nuran Wireless
0.03
-0.07
-70.00%

Baylin Tech Corporate Events

Business Operations and StrategyProduct-Related Announcements
Baylin Technologies Secures Major U.S. Defense Contract for Advanced Amplifiers
Positive
Sep 16, 2025

Baylin Technologies’ subsidiary, Advantech Wireless Technologies, has secured a $665,000 CAD purchase order from a U.S. federal contractor for its advanced GaN solid state power amplifiers, which will be used in the U.S. Department of Defense battlefield terminals. This order highlights the reliability and quality of Baylin’s technology and aligns with the company’s strategy to enhance its product features and operational efficiency, potentially improving its competitive position and margins.

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

Business Operations and StrategyFinancial Disclosures
Baylin Technologies Reports Robust Q2 2025 Financial Performance
Positive
Aug 6, 2025

Baylin Technologies reported strong financial results for Q2 2025, with a net income of $1.0 million, marking a significant improvement over previous periods. The company achieved a gross profit of $10.4 million and a gross margin of 46.3%, driven by increased sales in the Wireless Infrastructure business line. Adjusted EBITDA rose to $3.4 million, reflecting a 50.9% increase from Q2 2024. Despite challenges such as tariffs and geopolitical shifts, Baylin’s strategic focus on lean operations and new product launches positions it for continued growth, with potential M&A opportunities being evaluated to further enhance shareholder value.

The most recent analyst rating on (TSE:BYL) stock is a Buy with a C$0.30 price target. To see the full list of analyst forecasts on Baylin Tech stock, see the TSE:BYL Stock Forecast page.

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: Sep 17, 2025