SQID Technologies Ltd. (SQID) AI Stock Analysis

SQID Technologies Ltd.

(CNQX:SQID)

Select Model

Rating:44.1Neutral

Price Target:CAD 0.01▲(0.00% Upside)

Action:upgraded

Date:09/24/26

The overall score is driven primarily by very weak financial fundamentals: a downsized and volatile revenue base, persistent losses, negative operating and free cash flows, and a heavily depleted equity base offset only slightly by the absence of financial debt and modest improvement in loss and cash-burn trends. Valuation is also unattractive, with a negative P/E ratio indicating loss-making operations and no dividend yield to support total returns, reinforcing the high-risk, speculative nature of the stock. Technical factors play a secondary role, as the lack of meaningful indicators and a slightly negative beta point to an indeterminate, largely neutral trading setup rather than a clear momentum trend.

Positive Factors

Revenue reboundThe sharp TTM revenue rebound indicates improving demand and greater operating scale after the prior period. If sustained, stronger sales can broaden the revenue base, improve fixed-cost absorption, and create a foundation for future profitability, even though earnings remain weak today.

Negative Factors

Persistent lossesPersistent net losses show that revenue growth has not yet translated into a durable earnings model. Continued losses can consume equity over time, limit internally funded investment, and make the company more vulnerable if the revenue rebound slows before operating profitability becomes consistent.

SQID Technologies Ltd. (SQID) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 72.08K
Dividend Yield: ―
Average Volume (3M): 93.61K
Price to Earnings (P/E): -4.3
Beta (1Y): -0.19
Revenue Growth: 13.25%
EPS Growth: 40.74%
Country: Canada
Employees: 0
Sector: Technology
Sector Strength: 61
Industry: Software - Infrastructure

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 essential...

SQID Technologies Ltd. Financial Statement Overview

Summary

Revenue is materially smaller than in earlier years, operations remain loss-making, cash flows are consistently negative, and shareholder equity has been heavily eroded, leaving a very thin capital buffer, despite recent reductions in losses and cash burn and the absence of financial debt.

Income Statement

33Negative

Balance Sheet

40Negative

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Mar 2025	Dec 2023	Dec 2022	Mar 2022
Income Statement
Total Revenue	196.42K	186.80K	196.51K	282.04K	1.21M	1.02M
Gross Profit	99.11K	178.00K	196.51K	282.04K	374.17K	173.08K
EBITDA	441	-10.28K	-10.38K	85.13K	-257.04K	-1.80M
Net Income	-24.71K	-35.04K	-59.05K	-213.03K	-1.31M	-3.42M
Balance Sheet
Total Assets	73.45K	81.81K	75.76K	158.50K	807.79K	2.15M
Cash, Cash Equivalents and Short-Term Investments	54.43K	63.74K	33.39K	65.37K	356.11K	1.81M
Total Debt	0	0	0	0	13.41K	18.37K
Total Liabilities	32.12K	37.25K	34.70K	58.41K	494.66K	623.26K
Stockholders Equity	41.33K	44.56K	41.05K	100.10K	313.13K	1.53M
Cash Flow
Free Cash Flow	-4,414	-8,599	-31.97K	-226.75K	-1.26M	-2.58M
Operating Cash Flow	-4,414	-8,602	-31.97K	-226.75K	-1.16M	-2.58M
Investing Cash Flow	0	0	0	-50.59K	-300.22K	732.32K
Financing Cash Flow	39.26K	38.60K	0	-13.41K	13.41K	658.95K

SQID Technologies Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:SQID against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TSE:SQID	44Neutral	CAD 72.08K	-4.26	-64.16%	―	13.25%	40.74%
TSE:BTQ	43Neutral	CAD 7.87M	-6.54	-207.31%	―	-100.00%	-675.76%
TSE:FOBI	42Neutral	CAD 7.34M	-4.76	43.17%	―	―	―
TSE:PKK	24Underperform	CAD 62.43M	-26.14	11.52%	―	3675.64%	98.04%

* Technology Sector Average

Performance Comparison

TSE:SQID and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:SQID	SQID Technologies Ltd.	0.01	0.00	0.00%
TSE:PKK	Tenet Fintech Group Inc.	0.12	0.09	360.00%
TSE:BTQ	BTQ Technologies Corp.	0.09	0.00	0.00%
TSE:FOBI	Fobi Ai Inc	0.03	-0.01	-25.00%
TSE:HRO	Euro Asia Pay Holdings, Inc.	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.

Date of analysis: Sep 24, 2026

SQID Technologies Ltd. AI Stock Analysis