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Integrated Cyber Solutions, Inc.
(VEIL)
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Rating:41Neutral
Price Target:
C$0.50
▼(-17.17% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily constrained by very weak financial performance—large ongoing losses, negative operating/free cash flow, and a stressed balance sheet with negative equity. Technicals are also a headwind with the stock trading below key longer-term moving averages and a negative MACD. Valuation provides limited support because the negative P/E reflects unprofitability and there is no dividend yield data.
Positive Factors
Cybersecurity-focused business model
The company operates in a specialized cybersecurity market and offers multiple forms of protection for networks, systems, and data. This focused business model gives it a clear strategic identity and a platform for serving organizations with ongoing security needs over time.
Negative Factors
Sharp revenue contraction
A revenue decline of roughly 44% signals weakening scale and inconsistent demand or execution. Persistent contraction would make it harder to spread operating costs, invest in product development, and reach sustainable profitability in the cybersecurity market.
Read all positive and negative factors
Positive Factors
Negative Factors
Cybersecurity-focused business model
The company operates in a specialized cybersecurity market and offers multiple forms of protection for networks, systems, and data. This focused business model gives it a clear strategic identity and a platform for serving organizations with ongoing security needs over time.
Read all positive factors
Integrated Cyber Solutions, Inc. (VEIL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$44.64M
Dividend YieldN/A
Average Volume (3M)68.06K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-43.68%
EPS Growth-329.28%
CountryCA
Employees8
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.06
Shares Outstanding79,722,540
10 Day Avg. Volume36,179
30 Day Avg. Volume68,064
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)-165.78
Price to Sales (P/S)-1150.44
P/FCF Ratio-60.93
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
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
Income Statement
9
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
12
Very Negative
| 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 | 3.53K | -171.61K | -10.59K | -22.13K | 28.57K | 113.84K |
| 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 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 | 6.95K | 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 | 0.00 | 0.00 | -1.35K | 0.00 | 4.20K | 0.00 |
| Financing Cash Flow | 1.45M | 2.21M | 380.27K | 830.84K | 86.16K | 1.84K |
Integrated Cyber Solutions, Inc. Technical Analysis
Negative
0.60
Price Trends
0.59
Negative
0.64
Negative
0.82
Negative
Market Momentum
-0.01
Positive
40.60
Neutral
40.00
Neutral
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 0.58, above the 50-day MA of 0.59, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.60 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$7.60B | 69.62 | 10.62% | ― | 13.76% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | C$228.71M | -2.00 | -34.04% | ― | -15.02% | -1478.50% | |
51 Neutral | C$25.28M | -3.81 | 112.09% | ― | -32.68% | 70.60% | |
47 Neutral | C$12.28M | -14.53 | -23.17% | ― | -5.63% | -0.79% | |
41 Neutral | C$44.64M | -6.39 | 297.87% | ― | -43.68% | -329.28% | |
41 Neutral | C$2.92M | -0.56 | 70.08% | 714.29% | -15.68% | -47.54% |
* Technology Sector Average
TSE:VEIL
Integrated Cyber Solutions, Inc.
0.52
0.22
73.33%
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Sangoma Technologies
6.84
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0.19
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18.75%
TSE:MTLO
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0.00
0.00%
TSE:PLUR
Plurilock Security Inc
0.23
0.03
12.20%
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.