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Quantum eMotion
(QNC)
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Rating:43Neutral
Price Target:
C$1.50
▼(-47.37% Downside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by very weak financial performance (large losses, negative gross profit, and sustained negative free cash flow on a tiny revenue base). Technicals add further pressure with the price trading well below key moving averages and negative MACD, despite oversold readings. Valuation is also constrained by a negative P/E and no dividend yield support.
Positive Factors
Low Leverage
Minimal leverage reduces near-term solvency pressure and leaves the company less exposed to interest costs or refinancing stress. This conservative capital structure provides greater flexibility to fund development and pursue commercialization if the business scales.
Negative Factors
Minimal Revenue Scale
The very small revenue base is far from sufficient to support the current cost structure, resulting in a substantial loss relative to sales. Unless commercialization accelerates materially, the company may struggle to establish a self-sustaining operating model.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal leverage reduces near-term solvency pressure and leaves the company less exposed to interest costs or refinancing stress. This conservative capital structure provides greater flexibility to fund development and pursue commercialization if the business scales.
Read all positive factors
Quantum eMotion (QNC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$304.92M
Dividend YieldN/A
Average Volume (3M)372.67K
Price to Earnings (P/E)―
Beta (1Y)1.64
Revenue GrowthN/A
EPS Growth-66.07%
CountryCA
Employees17
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.07
Shares Outstanding219,369,670
10 Day Avg. Volume373,386
30 Day Avg. Volume372,667
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)22.14
Price to Sales (P/S)83731.47
P/FCF Ratio-227.90
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
Quantum eMotion Business Overview & Revenue Model
Company Description
Based in Canada, Quantum eMotion Corp. specializes in pioneering cryptographic solutions that harness quantum random number generators. The company designs and delivers secure data and communication products for various industries, including finan...
How the Company Makes Money
Quantum eMotion’s specific, current revenue model and major revenue streams are not publicly detailed in the information available to me here; therefore, a precise breakdown (e.g., product vs. licensing vs. services, customer segments, pricing str...
Quantum eMotion Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.23K | 11.17K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -522.84K | 11.17K | -22.31K | 0.00 | -22.30K | -22.30K |
| EBITDA | -13.39M | -10.47M | -2.94M | -2.09M | -2.17M | -1.53M |
| Net Income | -14.00M | -10.55M | -2.97M | -2.39M | -2.80M | -1.56M |
Balance Sheet | ||||||
| Total Assets | 48.31M | 42.89M | 1.86M | 1.65M | 4.04M | 3.10M |
| Cash, Cash Equivalents and Short-Term Investments | 34.00M | 37.19M | 1.45M | 1.08M | 3.51M | 2.04M |
| Total Debt | 159.87K | 55.98K | 46.35K | 40.00K | 40.00K | 53.57K |
| Total Liabilities | 10.16M | 647.86K | 519.61K | 226.81K | 377.75K | 389.43K |
| Stockholders Equity | 38.16M | 42.24M | 1.34M | 1.42M | 3.66M | 2.71M |
Cash Flow | ||||||
| Free Cash Flow | -6.23M | -4.10M | -2.11M | -2.43M | -1.63M | -1.81M |
| Operating Cash Flow | -6.18M | -4.07M | -2.11M | -2.08M | -1.62M | -1.47M |
| Investing Cash Flow | -14.77M | -41.34M | 668.49K | -196.80K | -21.03K | -1.34M |
| Financing Cash Flow | 20.13M | 44.30M | 2.49M | 0.00 | 3.21M | 3.81M |
Quantum eMotion Technical Analysis
Negative
2.85
Price Trends
2.30
Negative
2.98
Negative
3.58
Negative
Market Momentum
-0.27
Positive
30.15
Neutral
16.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QNC, the sentiment is Negative. The current price of 2.85 is above the 20-day moving average (MA) of 1.84, above the 50-day MA of 2.30, and below the 200-day MA of 3.58, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 30.15 is Neutral, neither overbought nor oversold. The STOCH value of 16.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QNC.
Quantum eMotion Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$984.77M | 14.27 | 11.70% | 6.68% | -4.73% | -5.61% | |
69 Neutral | C$1.04B | 24.87 | 113.64% | ― | 11.23% | 65.79% | |
65 Neutral | C$1.04B | 17.34 | 27.94% | 13.28% | 3.94% | -2.30% | |
65 Neutral | C$565.34M | 266.46 | 2.01% | ― | 2.69% | -95.11% | |
64 Neutral | C$470.92M | -16.64 | -19.77% | ― | 9.70% | 11.90% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
43 Neutral | C$304.92M | -20.50 | -38.13% | ― | ― | -66.07% |
* Technology Sector Average
TSE:QNC
Quantum eMotion
1.39
-3.34
-70.61%
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-20.00%
Quantum eMotion Corporate Events
Business Operations and StrategyM&A TransactionsShareholder Meetings
Plurilock Sets Shareholder Vote on Quantum eMotion Acquisition at 100% Premium
Positive
Oct 21, 2026
Plurilock Security Inc. has filed its management information circular and related materials for a special shareholder meeting on November 18, 2026, to vote on a proposed plan of arrangement under which Quantum eMotion Corp. will acquire all outsta...
Business Operations and StrategyExecutive/Board Changes
Quantum eMotion Adds Cryptography Veteran Bernard Crotty to Board Amid Cybersecurity Expansion
Positive
Sep 30, 2026
Quantum eMotion has appointed Bernard Crotty, former Certicom Corp. chairman and CEO and a veteran of elliptic-curve cryptography, as an independent director effective September 30, 2026. Crotty brings deep experience in commercializing advanced s...
Business Operations and StrategyM&A Transactions
Quantum eMotion to Buy Plurilock in C$33.8 Million Deal to Build Quantum and AI Cybersecurity Platform
Positive
Sep 28, 2026
Quantum eMotion Corp. has agreed to acquire all outstanding shares of Plurilock Security Inc. in a cash-and-stock transaction valuing Plurilock at approximately C$33.8 million. The deal offers Plurilock shareholders a mix of cash and Quantum eMoti...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Quantum eMotion Wins U.S. Patent Nod as SecureKey Nears FIPS Validation
Positive
Sep 23, 2026
Quantum eMotion said its subsidiary SKV Technology has received a Notice of Allowance from the U.S. Patent and Trademark Office for a patent covering its SecureKey cryptographic technology. The move bolsters the company’s intellectual-proper...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Quantum eMotion Advances NIST Validation for Quantum Entropy Module
Positive
Aug 26, 2026
Quantum eMotion Corp., a quantum-secure cybersecurity specialist, is building a portfolio of hardware and software security products around its patented Quantum Random Number Generator technology for connected devices. Its market focus spans finan...
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.