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Clear Blue Technologies International (CBLU) AI Stock Analysis

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TSE:CBLU

Clear Blue Technologies International

(TSXV:CBLU)

Select Model
Rating:45Neutral
Price Target:CAD 0.05▼(-2.00% Downside)
Action:upgraded
Date:10/21/26

The overall score is severely depressed by the company's critical financial state, marked by insolvency, negative gross margins, and persistent cash burn. While short-term technical momentum is positive, this is a secondary factor that does not offset the fundamental risk of a failing business model. The negative P/E ratio further confirms the lack of underlying value.

Positive Factors
Integrated Power SolutionsCombining generation, storage, electronics, and software into one deployment can address multiple customer needs through a unified system. This integrated model may support differentiated solutions for mission-critical sites and create opportunities for ongoing monitoring and service relationships.
Negative Factors
Persistent UnprofitabilityDeep losses and negative gross profit indicate that current revenue is not covering the cost base, leaving little evidence of durable operating leverage. Without margin stabilization, growth would not necessarily translate into stronger earnings and the company may remain dependent on financing.

Clear Blue Technologies International (CBLU) vs. iShares MSCI Canada ETF (EWC)

-25%0%25%50%75%100%TSE:CBLU+11.11%EWC+21.74%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 5.03M
Dividend Yield
―
Average Volume (3M)
73.26K
Price to Earnings (P/E)
-1.1
Beta (1Y)
-1.07
Revenue Growth
-1.63%
EPS Growth
73.99%
Country
Canada
Employees
15
Sector
General
Sector Strength
55
Industry
Solar

Clear Blue Technologies International Business Overview & Revenue Model

Company Description

Clear Blue Technologies International Inc., founded in 2014 and headquartered in Toronto, Canada, specializes in intelligent off-grid technology. This company is dedicated to developing and selling independent power solutions that are designed to ene...

How the Company Makes Money

Clear Blue generates revenue primarily by selling complete power solutions that integrate solar panels, batteries, and control electronics, along with the associated engineering and system design required to deploy them. A second revenue stream comes...

Clear Blue Technologies International Earnings Call Summary

Earnings Call Date:Jun 22, 2026(Q1-2026)|% Change Since:42.86%|Next Earnings Date:Jun 02, 2019
Earnings Call SentimentPositive

The call presented a predominantly positive trajectory: very strong bookings growth, durable high gross margins, meaningful cost reductions (including AI-enabled savings), and large strategic partner agreements (notably EUTELSAT) that create a clear pathway toward scaled revenue and potential positive EBITDA. However, near-term revenue recognition lag, Q1 revenue below the stated profitability threshold, timing dependence on partner rollouts, and remaining adjusted EBITDA/net losses introduce material timing and execution risks. Overall the tone was optimistic about reaching profitability in 2026 but contingent on successful and timely conversion of current bookings and partner deployments.

Positive Updates

Large Increase in Bookings
Bookings grew by 122% year-over-year in 2025, rising from $2.8 million in 2024 to over $5.2 million in 2025, indicating strong demand and an expanding sales funnel.

Negative Updates

Revenue Recognition Lag Versus Bookings
Bookings significantly outpaced revenue because revenue is recognized both up front and over three years; management warned that revenue will lag bookings in the near term, creating short-term top-line visibility challenges.

Company Guidance

Management guided to reach positive EBITDA and cash flow in 2026, noting that with the cost reductions achieved a quarterly revenue run rate of $1.5M would deliver positive EBITDA; they highlighted 2025 bookings up 122% to >$5.2M (from $2.8M) while revenue grew ~18% with gross margin ~49% (Q1 26 margin ~52%), Q1 revenue was $1.0M (Q2 expected similar), annual OpEx is now ~$2.5M after $1.24M of 2025 cuts and ~$900k of AI-driven annualized savings to be fully implemented by year‑end plus a further $950k of 2026 reductions (≈$700–$750k hitting OpEx), and near-term orders include ~ $800k of April bookings and EUTELSAT orders of 100 and 350 units plus a $500k LEO development contract and a potential 15,000‑site rollout; balance‑sheet support includes a CA$1.1M private placement, a CA$500k Q4 SRED grant and an expected SRED refund >$500k in Q3, while scale metrics cited are >15,000 deployed units, >400 customers, >1 trillion cloud transactions, >600 satellite backhaul sites and >99.5% uptime on African solar sites.

Clear Blue Technologies International Financial Statement Overview

Summary

Financial health is critically poor. The company is technically insolvent with negative equity, gross margins have collapsed to -27%, and it is burning cash from operations. The business model is currently unsustainable, representing maximum financial risk.

Income Statement

8Very Negative

Balance Sheet

1Very Negative

Cash Flow

5Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Dec 2021
Income Statement
Total Revenue3.07M3.25M2.76M5.40M2.64M8.15M
Gross Profit-1.37M-443.48K1.35M2.47M988.52K2.26M
EBITDA-3.92M-3.26M-8.03M-1.35M-3.76M-2.79M
Net Income-3.90M-3.89M-11.03M-3.89M-5.75M-3.41M
Balance Sheet
Total Assets5.21M4.78M5.82M12.02M10.87M11.17M
Cash, Cash Equivalents and Short-Term Investments811.68K329.94K339.90K534.45K853.33K2.12M
Total Debt6.74M6.62M6.69M11.54M9.97M8.25M
Total Liabilities12.16M12.21M10.30M16.56M13.65M11.38M
Stockholders Equity-6.95M-7.42M-4.48M-4.54M-2.78M-215.24K
Cash Flow
Free Cash Flow-1.62M-1.28M-2.26M-5.17M-5.86M-6.84M
Operating Cash Flow-1.40M-1.24M357.40K-2.06M-3.45M-3.90M
Investing Cash Flow-824.29K-330.40K-1.45M-859.51K-1.80M-2.86M
Financing Cash Flow1.86M1.38M897.26K2.60M3.98M5.37M

Clear Blue Technologies International Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.05

Price Trends

50DMA0.05Positive
100DMA0.04Positive
200DMA0.05Negative

Market Momentum

MACD-0.00Positive
RSI46.64Neutral
STOCH15.56Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CBLU, the sentiment is Neutral. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 46.64 is Neutral, neither overbought nor oversold. The STOCH value of 15.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CBLU.

Clear Blue Technologies International Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:CBLU against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:HCTSE:HC46NeutralCAD 11.85M-3.31-152.14%―-28.76%38.21%
TSE:CBLUTSE:CBLU45NeutralCAD 5.03M-1.1258.77%―-1.63%73.99%
TSE:SOLRTSE:SOLR44NeutralCAD 2.95M-4.3516.97%―――
TSE:HEATTSE:HEAT43NeutralCAD 21.96M-1.38386.86%――44.84%
TSE:NVITSE:NVI41NeutralCAD 3.34M-29.4118.72%―-10.92%-135.71%
TSE:YFITSE:YFI39UnderperformCAD 8.62M-6.03108.98%――39.80%

* General Sector Average

Performance Comparison

-50%0%50%100%150%TSE:CBLUTSE:HEATTSE:NVITSE:SOLRTSE:YFITSE:HCDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:CBLU and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:CBLUClear Blue Technologies International, Inc.0.050.0111.11%
TSE:HEATHillcrest Energy Technologies Ltd.0.10-0.03-19.23%
TSE:NVINovra Technologies0.100.0333.33%
TSE:SOLRSolar Alliance Energy0.01-0.01-50.00%
TSE:YFIEdgewater Wireless Systems0.04-0.01-27.08%
TSE:HCHypercharge Networks Corp.0.080.000.00%

Clear Blue Technologies International Corporate Events

Business Operations and Strategy

Clear Blue Wins Third Kelowna Order for Smart Solar Lights

Positive
Nov 5, 2026

Clear Blue Technologies provides smart off-grid power solutions for telecommunications, Internet of Things infrastructure and street lighting, serving municipalities, highways, commercial sites, Indigenous communities and industrial customers. The Ci...

Business Operations and Strategy

Clear Blue Wins 1,000-Unit Eutelsat Order for African Konnect Wi-Fi Rollout

Positive
Sep 28, 2026

Clear Blue Technologies has received new purchase orders from Eutelsat for 1,000 Pico-Plus Smart Off-Grid power systems to support the continued rollout of Eutelsat’s Konnect Wi-Fi service in three to five African countries. With these tranches...

Business Operations and StrategyFinancial Disclosures

Clear Blue Technologies Narrows Losses and Targets H2 2026 Revenue Growth

Positive
Aug 26, 2026

Clear Blue Technologies reported Q2 2026 results showing stronger profitability metrics despite lower revenue, with gross profit rising 7% and gross margin expanding to 53% on the back of higher-margin service revenue and cost controls. Adjusted EBIT...

Business Operations and StrategyFinancial Disclosures

Clear Blue Technologies to Release Q2 2026 Results and Host Investor Call

Neutral
Aug 20, 2026

Clear Blue Technologies International Inc., a Smart Off-Grid power solutions provider for telecom, IoT, and street lighting infrastructure, operates in remote and challenging environments where reliable, data-driven energy management is critical. Its...

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 21, 2026