Integrated Cyber Solutions, Inc. (VEIL) AI Stock Analysis

Integrated Cyber Solutions, Inc.

(CNQX:VEIL)

Select Model

Rating:43Neutral

Price Target:CAD 0.28▼(-3.45% Downside)

Action:reiterated

Date:10/21/26

The score is driven primarily by weak financial performance, including persistent losses, cash burn, and negative equity that elevates balance-sheet risk. Technicals reinforce the caution with a strong downtrend and bearish momentum, while valuation is difficult to support due to negative earnings and no dividend yield data.

Positive Factors

Focused Cybersecurity BusinessA dedicated cybersecurity offering gives the company a clear operating focus in a specialized technology sector. Products and services covering cyber defense, threat management, and security support provide a coherent platform for developing customer relationships and expanding the business over time.

Negative Factors

Persistent UnprofitabilityVery large operating losses relative to revenue show that the current business model is not yet producing sustainable earnings. Continued unprofitability can consume capital, limit reinvestment, and make it harder to build financial resilience unless revenue scale or operating efficiency improves materially.

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

Market Cap: CAD 23.12M
Dividend Yield: ―
Average Volume (3M): 50.80K
Price to Earnings (P/E): -3.4
Beta (1Y): 1.35
Revenue Growth: -26.93%
EPS Growth: -174.32%
Country: Canada
Employees: 8
Sector: Technology
Sector Strength: 61
Industry: Information Technology Services

Integrated Cyber Solutions, Inc. Business Overview & Revenue Model

Company Description

Integrated Quantum Technologies, Inc. engages in the provision of cybersecurity services. The firm delivers cyber security managed services to the Small-to-Medium Business and Small-to-Medium Enterprise. Its services include Cyber Training, Penetrati...

Integrated Cyber Solutions, Inc. Financial Statement Overview

Summary

Financials are highly challenged: persistent and deeply negative profitability, volatile and recently declining revenue, ongoing cash burn (negative operating and free cash flow), and a stressed balance sheet with negative shareholder equity. While there are intermittent improvements (e.g., some better free-cash-flow trend and debt fluctuation), the overall profile remains unprofitable with elevated financial risk.

Income Statement

9Very Negative

Balance Sheet

7Very Negative

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	Sep 2025	Dec 2024	Sep 2023	Jun 2023	Dec 2021
Income Statement
Total Revenue	113.72K	-44.73K	174.20K	131.55K	316.75K	400.46K
Gross Profit	3,531	-171.61K	-10.59K	-22.13K	28.57K	113.84K
EBITDA	-3.61M	-3.20M	-1.27M	-924.62K	-6.23M	-59.11K
Net Income	-3.73M	-3.29M	-1.31M	-998.28K	-214.35K	-62.81K
Balance Sheet
Total Assets	353.67K	1.59M	211.07K	57.14K	223.24K	127.41K
Cash, Cash Equivalents and Short-Term Investments	23.64K	1.44M	20.89K	6,945	36.39K	26.86K
Total Debt	667.48K	1.29M	407.11K	269.05K	202.02K	76.63K
Total Liabilities	1.27M	1.90M	1.06M	722.79K	361.18K	116.98K
Stockholders Equity	-916.68K	-310.40K	-1.72M	-665.66K	-566.44K	10.39K
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 Flow	0	0	-1,350	0	4,195	0
Financing Cash Flow	1.45M	2.21M	380.27K	830.84K	86.16K	1,840

Integrated Cyber Solutions, Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.29

Price Trends

50DMA0.52Negative

100DMA0.58Negative

200DMA0.75Negative

Market Momentum

MACD-0.07Positive

RSI25.66Positive

STOCH13.06Positive

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 0.29 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.52, and below the 200-day MA of 0.75, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 25.66 is Positive, neither overbought nor oversold. The STOCH value of 13.06 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

TSE:VEIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:BB	70Outperform	CAD 6.90B	61.19	10.62%	―	13.76%	―
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TSE:PLUR	51Neutral	CAD 20.79M	-3.07	112.09%	―	-32.68%	70.60%
TSE:STC	45Neutral	CAD 218.52M	-1.95	-34.04%	―	-15.02%	-1478.50%
TSE:NBVA	43Neutral	CAD 11.23M	-12.48	-23.17%	―	-5.63%	-0.79%
TSE:VEIL	43Neutral	CAD 23.12M	-3.37	297.87%	―	-26.93%	-174.32%
TSE:MTLO	41Neutral	CAD 2.92M	-0.28	70.08%	―	-15.68%	-47.54%

* Technology Sector Average

Performance Comparison

TSE:VEIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:VEIL	Integrated Cyber Solutions, Inc.	0.29	-0.31	-51.67%
TSE:BB	Blackberry	11.75	5.00	74.07%
TSE:STC	Sangoma Technologies	6.52	-0.43	-6.19%
TSE:NBVA	Nubeva Tech	0.16	-0.09	-36.00%
TSE:MTLO	Martello Technologies Group	0.01	0.00	0.00%
TSE:PLUR	Plurilock Security Inc	0.18	-0.04	-17.78%

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: Oct 21, 2026

Integrated Cyber Solutions, Inc. AI Stock Analysis