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01 Communique Laboratory Inc.
(ONE)
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Rating:57Neutral
Price Target:
C$0.58
▲(45.00% Upside)
Action:Reiterated
Date:10/27/26
The score is primarily held back by weak financial performance—large ongoing losses and persistent negative free cash flow—despite a low-debt balance sheet. Technicals provide a supportive backdrop (price above key moving averages with moderate positive momentum), and the latest earnings call adds upside potential via partner-driven product launches and an optimistic multi-year roadmap, but near-term monetization remains gradual and profitability is not yet in place.
Positive Factors
Low leverage and cash position
Very low leverage and approximately CAD 2.5 million of cash with zero debt provide financial flexibility while the company develops products and pursues commercialization. This reduces balance-sheet pressure over the next several quarters and supports continued investment in research, marketing, and partner activity.
Negative Factors
Persistent operating losses
Revenue has improved, but the company still incurs operating losses that are very large relative to its sales base. Unless expense growth becomes better aligned with commercialization, continued losses could erode equity, constrain reinvestment, and delay the transition from product development to sustainable profitability.
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Positive Factors
Negative Factors
Low leverage and cash position
Very low leverage and approximately CAD 2.5 million of cash with zero debt provide financial flexibility while the company develops products and pursues commercialization. This reduces balance-sheet pressure over the next several quarters and supports continued investment in research, marketing, and partner activity.
Read all positive factors
01 Communique Laboratory Inc. (ONE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$61.40M
Dividend YieldN/A
Average Volume (3M)85.61K
Price to Earnings (P/E)―
Beta (1Y)-0.42
Revenue Growth265.22%
EPS Growth-127.59%
CountryCA
Employees11
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
Shares Outstanding109,636,380
10 Day Avg. Volume56,023
30 Day Avg. Volume85,605
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)42.44
Price to Sales (P/S)162.97
P/FCF Ratio-235.10
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
01 Communique Laboratory Inc. Business Overview & Revenue Model
Company Description
01 Quantum Inc. specializes in the creation and provision of integrated communication software and related services. Its operational reach extends across distinct geographical areas, including the United States, Canada, and Asia. The company was e...
How the Company Makes Money
01 Communique Laboratory Inc. generates revenue primarily by commercializing its software and related technology. Key revenue streams have historically included (1) software licensing and sales of its remote access/remote control products (e.g., p...
01 Communique Laboratory Inc. Earnings Call Summary
Earnings Call Date:Sep 10, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 28, 2027
Earnings Call Sentiment Positive
The call was strongly optimistic, driven by the company's expanding quantum-safe product portfolio, major technology partners, successful project deliveries, emerging royalty revenue, AI privacy-preserving roadmap, and cash position of approximately CAD 2.5 million with zero debt. The principal negatives were that Q3 revenue no longer included prior one-time engineering fees, recurring revenue remains gradual, the Hitachi DoMobile opportunity is limited to Japan, and IronCAP X-Mail still requires additional marketing resources.Positive Updates
Expanded Technology and Go-to-Market Capabilities
Management said the new capital received last year advanced the company's technologies and go-to-market capabilities to a whole new level, and expressed optimism about the business over the next two to three years.
Negative Updates
Q3 Revenue Excluded Prior One-Time Engineering Fees
Management said the outlook was not based on revenue today because the company had already collected one-time engineering fees in previous quarters. Q3 recurring revenue from partners had started, but was described as building slowly and surely.
Read all updates
Q3-2026 Updates
Positive
Negative
Expanded Technology and Go-to-Market Capabilities
Management said the new capital received last year advanced the company's technologies and go-to-market capabilities to a whole new level, and expressed optimism about the business over the next two to three years.
Read all positive updates
Company Guidance
Management said it is “very optimistic about the business for the next two, three years,” expects recurring revenue to continue building “slowly but surely,” and expects PQC revenue, “especially the AI side related business,” to “grow exponentially” before the end of 2029; by Q1 of next year, it expects to deliver a hybrid mechanism allowing an LLM to achieve privacy, expects to announce co-marketing projects with “one or more” partners next year, and expects the AI marketplace to be available “around Q2 of 2027,” while additional one-time engineering fees could occur if it secures more projects, with such fees described as “CAD 1 million or so.”01 Communique Laboratory Inc. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.52M | 767.99K | 412.95K | 474.49K | 1.03M | 885.35K |
| Gross Profit | 1.47M | 716.90K | 358.16K | 183.37K | 709.37K | 542.34K |
| EBITDA | -2.06M | -1.04M | -261.86K | -664.23K | -666.43K | -600.22K |
| Net Income | -2.14M | -1.13M | -318.79K | -722.11K | -662.00K | -656.85K |
Balance Sheet | ||||||
| Total Assets | 3.41M | 3.41M | 240.48K | 483.94K | 1.11M | 1.36M |
| Cash, Cash Equivalents and Short-Term Investments | 2.88M | 3.07M | 139.13K | 352.54K | 637.18K | 994.92K |
| Total Debt | 74.88K | 172.32K | 21.07K | 59.88K | 106.87K | 149.45K |
| Total Liabilities | 254.87K | 457.68K | 129.06K | 209.88K | 385.14K | 338.30K |
| Stockholders Equity | 3.15M | 2.95M | 111.42K | 274.06K | 724.85K | 1.02M |
Cash Flow | ||||||
| Free Cash Flow | -1.04M | -532.37K | -125.31K | -305.15K | -514.28K | -408.61K |
| Operating Cash Flow | -1.03M | -527.04K | -124.77K | -303.96K | -497.52K | -400.18K |
| Investing Cash Flow | -1.71M | -2.92M | 79.46K | 68.81K | -168.26K | 51.57K |
| Financing Cash Flow | 2.84M | 3.47M | -88.10K | 20.51K | 158.03K | 381.20K |
01 Communique Laboratory Inc. Technical Analysis
Positive
0.40
Price Trends
0.47
Positive
0.47
Positive
0.48
Positive
Market Momentum
<0.01
Negative
59.52
Neutral
101.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ONE, the sentiment is Positive. The current price of 0.4 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.47, and below the 200-day MA of 0.48, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.52 is Neutral, neither overbought nor oversold. The STOCH value of 101.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ONE.
01 Communique Laboratory Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$30.61M | 12.13 | 26.14% | 12.71% | 10.36% | 3.87% | |
57 Neutral | C$61.40M | -28.14 | -66.53% | ― | 265.22% | -127.59% | |
57 Neutral | C$17.28M | 2.82 | 19.26% | 22.85% | 22.27% | -28.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$595.03M | -8.72 | -93.80% | ― | 303.70% | -1.45% | |
42 Neutral | C$40.50M | -3.04 | -651.25% | ― | ― | ― |
* General Sector Average
TSE:ONE
01 Communique Laboratory Inc.
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01 Communique Laboratory Inc. Corporate Events
Business Operations and StrategyExecutive/Board Changes
01 Quantum Bolsters Leadership as Quantum-Safe Security Demand Accelerates
Positive
Sep 17, 2026
01 Quantum Inc. has strengthened its executive ranks with the appointment of capital-markets veteran Jeffrey Kilborn as Chief Financial Officer, succeeding retiring CFO Brian Stringer, who will remain as an advisor. Kilborn will oversee financial ...
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.