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SQID Technologies Ltd.
(SQID)
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Rating:42Neutral
Price Target:
C$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:07/01/26
The score is weighed down primarily by weak financial performance—multi-year net losses, very negative ROE, and consistently negative operating/free cash flow—despite minimal leverage and strong recent gross margins. Technicals add pressure with the stock trading below all major moving averages. Valuation is constrained by a negative P/E driven by losses and no provided dividend yield.
Positive Factors
High gross margins
Gross margins near 100% in recent years indicate very strong unit economics typical of scalable software infrastructure. These durable margins mean each incremental sale contributes heavily to gross profit, creating a structural opportunity to reach operating profitability if management reins in fixed operating expenses and scales revenue.
Negative Factors
Multi-year losses
Persistent operating and net losses through 2024–2025 show the business has not converted high gross margins into profitability. Multi-year losses erode retained equity, limit reinvestment capacity, and require ongoing external funding, representing a structural constraint on sustainable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Gross margins near 100% in recent years indicate very strong unit economics typical of scalable software infrastructure. These durable margins mean each incremental sale contributes heavily to gross profit, creating a structural opportunity to reach operating profitability if management reins in fixed operating expenses and scales revenue.
Read all positive factors
SQID Technologies Ltd. (SQID) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$144.17K
Dividend YieldN/A
Average Volume (3M)59.67K
Price to Earnings (P/E)―
Beta (1Y)-0.20
Revenue Growth6.86%
EPS Growth53.13%
CountryCA
EmployeesN/A
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding14,416,827
10 Day Avg. Volume59,672
30 Day Avg. Volume59,672
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.77
Price to Sales (P/S)0.42
P/FCF Ratio-9.19
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
SQID Technologies Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Melbourne, Australia, and established in 2006, SQID Technologies Limited operates in two core areas: payment processing and the development of the Esports gaming sector within Australia and New Zealand. The company delivers essent...
SQID Technologies Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
47
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.16K | 186.80K | 196.51K | 282.04K | 1.21M | 1.02M |
| Gross Profit | 93.16K | 178.00K | 196.51K | 282.04K | 374.17K | 173.08K |
| EBITDA | -3.83K | -10.28K | -10.38K | 85.13K | -257.04K | -1.80M |
| Net Income | -14.20K | -35.04K | -59.05K | -213.03K | -1.31M | -3.42M |
Balance Sheet | ||||||
| Total Assets | 61.40K | 81.81K | 75.76K | 158.50K | 807.79K | 2.15M |
| Cash, Cash Equivalents and Short-Term Investments | 19.65K | 63.74K | 33.39K | 65.37K | 356.11K | 1.81M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 13.41K | 18.37K |
| Total Liabilities | 34.54K | 37.25K | 34.70K | 58.41K | 494.66K | 623.26K |
| Stockholders Equity | 26.86K | 44.56K | 41.05K | 100.10K | 313.13K | 1.53M |
Cash Flow | ||||||
| Free Cash Flow | -13.74K | -8.60K | -31.97K | -226.75K | -1.26M | -2.58M |
| Operating Cash Flow | -13.74K | -8.60K | -31.97K | -226.75K | -1.16M | -2.58M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -50.59K | -300.22K | 732.32K |
| Financing Cash Flow | 0.00 | 38.60K | 0.00 | -13.41K | 13.41K | 658.95K |
SQID Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
TSE:SQID
SQID Technologies Ltd.
0.01
0.00
0.00%
TSE:PKK
Tenet Fintech Group Inc.
0.17
0.15
580.00%
TSE:BTQ
BTQ Technologies
0.09
0.00
0.00%
TSE:FOBI
Fobi AI
0.04
>-0.01
-12.50%
TSE:HRO
Euro Asia Pay Holdings
0.03
0.00
0.00%
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.