Harrys Manufacturing (HARY) AI Stock Analysis

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Harrys Manufacturing

(CNQX:HARY)

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Rating:44Neutral

Price Target:CAD 0.05▼(-3.64% Downside)

Action:reiterated

Date:07/03/26

The score is primarily held down by very weak financial performance—sharp TTM revenue contraction, persistent losses, ongoing cash burn, and negative equity. Technical indicators are only neutral with a short-term oversold signal, providing limited offset. Valuation is difficult to support with negative earnings and no dividend yield data.

Positive Factors

Low leverageThe company reports zero interest-bearing debt, so it has no scheduled interest service burden. That structurally reduces default risk and preserves financial optionality: management can focus on operational fixes or seek capital without an existing debt overhang, aiding medium-term recovery planning.

Negative Factors

Severe revenue collapseAn approximately 80–94% decline in TTM revenue represents a structural loss of sales, distribution, or demand. Such a collapse destroys scale advantages, impairs supplier/distributor relationships, and lengthens the timeline to restoration. Rebuilding top line will require material strategic or product changes.

Harrys Manufacturing (HARY) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 6.54M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -25.0
Beta (1Y): -1.07
Revenue Growth: -93.70%
EPS Growth: 51.61%
Country: Canada
Employees: 3
Sector: General
Sector Strength: 55
Industry: Tobacco

Harrys Manufacturing Business Overview & Revenue Model

Company Description

Operating alongside its subsidiaries, Harrys Manufacturing Inc. specializes in the production, marketing, and distribution of tobacco-based goods. The company's product line encompasses tobacco cigarettes and the essential components used in their cr...

Harrys Manufacturing Financial Statement Overview

Summary

Financial statements indicate severe stress: TTM revenue fell ~80% YoY, profitability is deeply negative (negative gross and operating profit), and net losses persist. Cash flow is also negative across periods with intensified cash burn in TTM, and the balance sheet shows negative shareholders’ equity despite no reported debt—raising liquidity and going-concern risk.

Income Statement

6Very Negative

Balance Sheet

22Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	2,120	42.16K	48.12K	23.50K	0	0
Gross Profit	-87.63K	-256.64K	-6,854	-3,082	-23.81K	-41.19K
EBITDA	-394.80K	-435.33K	-514.00K	-647.73K	-1.03M	-1.09M
Net Income	-322.48K	-436.19K	-516.00K	-650.14K	-1.38M	-1.27M
Balance Sheet
Total Assets	59.91K	98.33K	74.44K	94.28K	289.13K	1.05M
Cash, Cash Equivalents and Short-Term Investments	1,849	59.01K	10.84K	16.87K	9,240	363.80K
Total Debt	0	0	0	0	104.21K	613.60K
Total Liabilities	761.68K	892.29K	541.61K	337.06K	396.65K	705.26K
Stockholders Equity	-701.77K	-793.96K	-467.17K	-242.78K	-107.53K	340.31K
Cash Flow
Free Cash Flow	-275.78K	-24.68K	-163.20K	-264.37K	-443.62K	-886.77K
Operating Cash Flow	-275.78K	-24.68K	-163.20K	-264.37K	-443.62K	-883.68K
Investing Cash Flow	-25.00K	0	0	200.00K	-200.00K	-203.09K
Financing Cash Flow	287.61K	72.85K	157.17K	72.00K	289.07K	1.21M

Harrys Manufacturing Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:HARY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:ZOG.X	44Neutral	CAD 491.47K	-6.62	290.24%	―	―	-29.09%
TSE:HARY	44Neutral	CAD 6.38M	-25.00	40.43%	―	-93.70%	51.61%

* General Sector Average

Performance Comparison

TSE:HARY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:HARY	Harrys Manufacturing	0.06	0.03	83.33%
TSE:GLG.H	GLG Life Tech	0.04	0.00	0.00%
TSE:MOOO.X	Happy Supplements Inc.	0.35	-0.05	-12.50%
TSE:ZOG.X	Zoglo's Incredible Food Corp.	0.03	-0.01	-33.33%
TSE:PTFY	Plantify Foods Inc	0.09	-0.29	-76.84%

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: Jul 03, 2026

Harrys Manufacturing AI Stock Analysis