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Therma Bright (THRM) AI Stock Analysis
Therma Bright
(TSXV:THRM)
The overall score is severely depressed by the company's precarious financial state, marked by negative equity, ongoing losses, and cash burn. The technical trend is firmly bearish, and the negative P/E ratio confirms a lack of earnings power. The minor revenue growth is the only positive signal but is insufficient to offset the dominant solvency and momentum risks.
Therma Bright (THRM) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 1.35M
- Dividend Yield
- ―
- Average Volume (3M)
- 36.49K
- Price to Earnings (P/E)
- -0.4
- Beta (1Y)
- 1.38
- Revenue Growth
- 233.67%
- EPS Growth
- -3.63%
- Country
- Canada
- Employees
- 5
- Sector
- Healthcare
- Sector Strength
- 51
- Industry
- Medical - Devices
Therma Bright Business Overview & Revenue Model
Company Description
Established in Toronto, Canada, in 2001 as The Jenex Corporation before rebranding to Therma Bright Inc. in February 2018, Therma Bright Inc. specializes in creating and distributing various medical and consumer health products. Their diverse offerin...
How the Company Makes Money
Therma Bright makes money primarily by selling its medical and screening products and related solutions to customers (e.g., through direct sales and distribution channels). Reported revenue is generally tied to (1) product sales (hardware such as inf...
Therma Bright Financial Statement Overview
Summary
Financial health is critically weak. While TTM revenue grew 101% and gross margin improved to 49%, net losses remain substantial at -$4.0M with a -29.5% net margin. The balance sheet shows negative equity (-$1.93M) and cash flows are negative (-$217k), indicating severe solvency and liquidity risks.
Income Statement
12Very NegativeBalance Sheet
4Very NegativeCash Flow
9Very Negative| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 135.82K | 80.27K | 26.07K | 23.90K | 139.43K | 3,883 |
| Gross Profit | 66.60K | -36.93K | 25.46K | 23.90K | 63.48K | 3,883 |
| EBITDA | -3.98M | -4.25M | -2.34M | -3.68M | -5.73M | -8.55M |
| Net Income | -4.01M | -4.34M | -2.45M | -3.77M | -5.88M | -8.61M |
Balance Sheet | ||||||
| Total Assets | 217.95K | 248.69K | 3.19M | 2.21M | 4.00M | 2.24M |
| Cash, Cash Equivalents and Short-Term Investments | 25.13K | 38.07K | 1,096 | 182.24K | 3.08M | 1.78M |
| Total Debt | 40.00K | 40.00K | 65.39K | 90.39K | 110.55K | 40.00K |
| Total Liabilities | 2.15M | 1.81M | 1.87M | 2.16M | 1.25M | 927.12K |
| Stockholders Equity | -1.93M | -1.57M | 1.32M | 44.79K | 2.75M | 1.32M |
Cash Flow | ||||||
| Free Cash Flow | -217.40K | -146.53K | -1.01M | -2.44M | -3.80M | -3.16M |
| Operating Cash Flow | -217.40K | -146.53K | -1.01M | -2.17M | -3.80M | -2.86M |
| Investing Cash Flow | 0 | 0 | -138.26K | -691.08K | -204.93K | -300.00K |
| Financing Cash Flow | 176.82K | 146.90K | 966.40K | -33.60K | 5.31M | 3.87M |
Therma Bright Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:THRM, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 30.36 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:THRM.
Therma Bright Peers Comparison
Overall Rating
TSE:PRN50Neutral
TSE:ASTI45Neutral
TSE:TLT41.2Neutral- TSE:THRM40Underperform
TSE:PINK38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 51Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
| TSE:PRN | 50Neutral | CAD 335.37M | -6.79 | -62.45% | ― | 59.60% | 32.53% |
| TSE:ASTI | 45Neutral | CAD 413.99K | -0.27 | 23.95% | ― | 8.66% | -545.88% |
| TSE:TLT | 41Neutral | CAD 55.89M | -12.68 | -130.04% | ― | -24.86% | 18.29% |
| TSE:THRM | 40Underperform | CAD 1.84M | -0.44 | 234.23% | ― | 233.67% | -3.63% |
| TSE:PINK | 38Underperform | CAD 27.62M | -1.41 | -303.05% | ― | 35.27% | 58.34% |
* Healthcare Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:THRM | Therma Bright Inc. | 0.03 | -0.04 | -57.14% | |
| TSE:PINK | Perimeter Medical Imaging Ai Inc | 0.18 | -0.07 | -26.53% | |
| TSE:PRN | Profound Medical | 9.18 | 0.83 | 9.94% | |
| TSE:TLT | Theralase Technologies | 0.18 | -0.03 | -14.29% | |
| TSE:ASTI | Aquarius Surgical Technologies | 0.01 | 0.00 | 0.00% |
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: Aug 29, 2026