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Integrated Cyber Solutions, Inc. (TSE:VEIL)
:VEIL
Canadian Market
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Integrated Cyber Solutions, Inc. (VEIL) AI Stock Analysis

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TSE:VEIL

Integrated Cyber Solutions, Inc.

(VEIL)

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Neutral 48 (OpenAI - Gpt-5.6Sol)
Rating:48Neutral
Price Target:
C$0.55
▼(-9.17% Downside)
Action:Reiterated
Date:07/18/26
The score is held down primarily by very weak financial performance (large ongoing losses, cash burn, and negative equity). Technicals provide partial offset with an improving uptrend and positive momentum, but valuation support is limited given negative earnings and no dividend yield provided.
Positive Factors
Improving Free Cash Flow Trend
Positive free-cash-flow growth indicates that cash performance has improved from some earlier periods, offering a potential foundation for operational stabilization. However, the business still consumes cash overall, so this benefit becomes durable only if improvement continues toward internally funded operations.
Negative Factors
Persistent Large Operating Losses
Extremely large operating losses relative to revenue show that the current business model is not yet producing sustainable operating leverage. Continued losses can consume financial resources, restrict investment capacity, and make a durable path to profitability dependent on significant execution improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Free Cash Flow Trend
Positive free-cash-flow growth indicates that cash performance has improved from some earlier periods, offering a potential foundation for operational stabilization. However, the business still consumes cash overall, so this benefit becomes durable only if improvement continues toward internally funded operations.
Read all positive factors

Integrated Cyber Solutions, Inc. (VEIL) vs. iShares MSCI Canada ETF (EWC)

Integrated Cyber Solutions, Inc. Business Overview & Revenue Model

Company Description
Integrated Cyber Solutions Inc. functions as a specialized provider of outsourced cybersecurity management, offering a comprehensive suite of security services. The company primarily assists small and mid-sized businesses and enterprises (SMBs and...

Integrated Cyber Solutions, Inc. Financial Statement Overview

Summary
Financial fundamentals are very weak: the company shows persistent, large operating losses, volatile and recently declining revenue, and thin gross profit relative to sales. Cash generation is negative with ongoing operating and free-cash-flow burn. Balance-sheet risk is elevated due to negative shareholder equity, which reduces flexibility and increases financing/refinancing risk.
Income Statement
9
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
12
Very Negative
BreakdownTTMSep 2025Dec 2024Sep 2023Jun 2023Dec 2021
Income Statement
Total Revenue113.72K-44.73K174.20K131.55K316.75K400.46K
Gross Profit3.53K-171.61K-10.59K-22.13K28.57K113.84K
EBITDA-3.61M-3.20M-1.27M-924.62K-211.89K-59.11K
Net Income-3.73M-3.29M-1.31M-998.28K-214.35K-62.81K
Balance Sheet
Total Assets353.67K1.59M211.07K57.14K223.24K127.41K
Cash, Cash Equivalents and Short-Term Investments23.64K1.44M20.89K6.95K36.39K26.86K
Total Debt667.48K1.29M407.11K269.05K202.02K76.63K
Total Liabilities1.27M1.90M1.06M722.79K361.18K116.98K
Stockholders Equity-916.68K-310.40K-1.72M-665.66K-566.44K10.39K
Cash Flow
Free Cash Flow-1.48M-844.55K-366.33K-834.87K-132.61K-20.68K
Operating Cash Flow-1.48M-844.54K-364.98K-834.87K-56.99K-20.68K
Investing Cash Flow0.000.00-1.35K0.004.20K0.00
Financing Cash Flow1.45M2.21M380.27K830.84K86.16K1.84K

Integrated Cyber Solutions, Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.60
Price Trends
50DMA
0.64
Negative
100DMA
0.65
Negative
200DMA
0.84
Negative
Market Momentum
MACD
-0.03
Positive
RSI
34.42
Neutral
STOCH
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VEIL, the sentiment is Negative. The current price of 0.6 is above the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.64, and below the 200-day MA of 0.84, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 34.42 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VEIL.

Integrated Cyber Solutions, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
C$6.24B78.708.07%4.05%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
C$170.39M-19.31-3.18%-11.32%6.86%
49
Neutral
C$12.63M-14.20-23.22%-5.63%-0.79%
48
Neutral
C$41.46M-6.39297.87%-43.68%-329.28%
47
Neutral
C$15.17M-2.40112.09%-32.68%70.60%
41
Neutral
C$5.84M-0.5670.08%714.29%-15.68%-47.54%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:VEIL
Integrated Cyber Solutions, Inc.
0.55
0.30
120.00%
TSE:BB
BlackBerry
10.81
5.57
106.30%
TSE:STC
Sangoma Technologies
5.17
-2.53
-32.86%
TSE:NBVA
Nubeva Technologies Ltd
0.18
0.10
125.00%
TSE:MTLO
Martello Technologies Group Inc
0.01
-0.01
-50.00%
TSE:PLUR
Plurilock Security Inc
0.15
-0.05
-23.68%
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: Jul 18, 2026