New Risk • May 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$3.0m). Market cap is less than US$10m (CA$6.02m market cap, or US$4.36m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (CA$5.4m revenue, or US$3.9m). Ankündigung • May 13
Novra Technologies Inc. announced that it has received CAD 4.352 million in funding from SNAPS Holding Company On May 12, 2026, Novra Technologies Inc. has closed the transaction and issued $3,200,000 (CAD 4,352,000) convertible loan agreement. The transaction is subject to approval of TSX Venture Exchange and and shareholder approval, this loan can be converted into Novra common shares by either SNAPS or Novra at any time during the term at CAD 0.34 per share. SNAPS has requested conversion of the entire amount. This would result in the issuance of 12,800,000 shares, if approved. Shareholder approval will be sought at our annual meeting on June 26, 2026. Reported Earnings • May 05
Full year 2025 earnings released: EPS: CA$0.023 (vs CA$0.039 loss in FY 2024) Full year 2025 results: EPS: CA$0.023 (up from CA$0.039 loss in FY 2024). Revenue: CA$5.44m (up 37% from FY 2024). Net income: CA$763.4k (up CA$2.07m from FY 2024). Profit margin: 14% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 14
Novra Technologies Inc., Annual General Meeting, Jun 26, 2026 Novra Technologies Inc., Annual General Meeting, Jun 26, 2026. Location: manitopa, Canada Ankündigung • Feb 12
Novra Technologies Inc. announced that it expects to receive CAD 7.2 million in funding from SNAPS Holding Company Novra Technologies Inc. announced that it has entered into a new non-brokered binding convertible loan agreement in the principal amount of CAD 7,200,000 ( $5,300,000) on February 11, 2026. The transaction includes participation from SNAPS Holding Company. The New Loan agreement has a term of 2 years from the date funds are received and incurs interest at 1% per annum. It requires that all funds be received by September 30, 2026. The principal can be converted by either party at any time to Novra common shares with a minimum price of CAD 0.34 CAD and not less than the Market Price as of the Price Reservation Date once funds are received. Any share conversion and the transaction is subject to TSXV approval and may also require shareholder approval. Reported Earnings • Dec 03
Third quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.008 loss in 3Q 2024) Third quarter 2025 results: CA$0.002 loss per share (improved from CA$0.008 loss in 3Q 2024). Revenue: CA$1.21m (up 72% from 3Q 2024). Net loss: CA$83.1k (loss narrowed 69% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$3.0m). Market cap is less than US$10m (CA$3.01m market cap, or US$2.19m). Minor Risk Revenue is less than US$5m (CA$4.9m revenue, or US$3.6m). Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CA$0.002 (vs CA$0.008 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.002 (up from CA$0.008 loss in 2Q 2024). Revenue: CA$1.37m (up 26% from 2Q 2024). Net income: CA$78.9k (up CA$335.9k from 2Q 2024). Profit margin: 5.8% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: CA$0.017 (vs CA$0.022 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0.017 (up from CA$0.022 loss in 1Q 2024). Revenue: CA$1.39m (up 99% from 1Q 2024). Net income: CA$568.7k (up CA$1.30m from 1Q 2024). Profit margin: 41% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Ankündigung • Apr 29
Novra Technologies Inc., Annual General Meeting, Jun 27, 2025 Novra Technologies Inc., Annual General Meeting, Jun 27, 2025. Location: manitoba, winnipeg Canada Board Change • Dec 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Kelvin Maloney was the last independent director to join the board, commencing their role in 2005. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 12
Novra Technologies Inc. announced that it expects to receive CAD 12.258 million in funding Novra Technologies Inc. entered into a binding non-brokered convertible loan agreement in the aggregate of CAD 12.258 million with a US-based private investment group on September 10, 2024. Under this convertible loan agreement, lender agrees to loan Novra CAD 12.258 million for a term of up to two years at a fixed interest rate of 1% per annum. If fully converted, this would result in the issuance of 36,053,000 common shares of Novra. At CAD 0.34, the conversion share price of this agreement is more than eight times yesterday's closing price of CAD 0.04 for Novra's shares on TSX-V. This proposed private placement is subject to the approval of TSX Venture exchange and may also required approval by Novra's shareholders. Ankündigung • Sep 07
Novra Technologies Inc. Announces Board Changes Novra Technologies Inc. announced changes following the retirement of Mr. Peter J. Wintemute from its Board of Directors. Mr. Wintemute served as a Director on Novra's Board, as its Chair, and as chair of its audit committee, from June 20, 2003 until his retirement August 22, 2024. In response to Mr. Wintemute's retirement, Novra's Board has elected Mr. Liontas to serve as its new Chair. Ms. Patricia Gair has previously assumed the position of EVP, Business Operations for the Novra Group of companies, relinquishing her role as a corporate officer of Novra. Novra is pleased to welcome Dr. Moe Barakat, B. Sc.E.E., M. Sc. E.E., Ph.D. as a new Director. He was appointed by the Board effective September 1, 2024, to fill the vacancy created by Mr. Wintemute's retirement. Dr. Barakat is an accomplished entrepreneur and business leader, who focuses on wireless communication and information systems. He was the co-founder and President of InfoMagnetics Technologies (IMT) from 1991 to 2000 and Chairman of its Board from 1991 to 2020, as well as the co-founder CEO of SpectraWorks Inc., and the chairman of IMT Communications Systems Inc. He has also held leadership, advisory and academic roles with other prestigious organizations, including National Research Council of Canada, TRLabs Inc., International Organization for Standardization (ISO), National Research Council of Canada, and University of Manitoba. Dr. Barakat also previously held positions with Novra as its first President &CEO (2000 - 2001) and a Director on Novra's Board from 2000 to 2006. New Risk • Sep 01
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: CA$6.0m (US$4.4m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$3.9m). Market cap is less than US$10m (CA$1.34m market cap, or US$991.9k). Minor Risk Revenue is less than US$5m (CA$6.0m revenue, or US$4.4m). Reported Earnings • Sep 01
Second quarter 2024 earnings released: CA$0.008 loss per share (vs CA$0.002 loss in 2Q 2023) Second quarter 2024 results: CA$0.008 loss per share (further deteriorated from CA$0.002 loss in 2Q 2023). Revenue: CA$1.09m (down 51% from 2Q 2023). Net loss: CA$257.0k (loss widened 394% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.022 loss per share (vs CA$0.01 loss in 1Q 2023) First quarter 2024 results: CA$0.022 loss per share (further deteriorated from CA$0.01 loss in 1Q 2023). Revenue: CA$699.5k (down 36% from 1Q 2023). Net loss: CA$727.8k (loss widened 118% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.003 loss per share (vs CA$0.027 loss in FY 2022) Full year 2023 results: CA$0.003 loss per share (improved from CA$0.027 loss in FY 2022). Revenue: CA$7.45m (down 2.1% from FY 2022). Net loss: CA$99.6k (loss narrowed 89% from FY 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Ankündigung • Apr 21
Novra Technologies Inc., Annual General Meeting, Jun 27, 2024 Novra Technologies Inc., Annual General Meeting, Jun 27, 2024. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 28
Novra Technologies Inc. Promotes Rodney Allan to Group President Harris Liontas, CEO of Novra Technologies Inc. ("Novra") announced the promotion of Rodney Allan to the position of President of the Novra Group of companies. As President he will report directly to Novra's CEO and take on responsibility for many of the day-to-day activities of the group. Allan originally joined International Datacasting Inc. (IDC), a Novra Group company, in 2013. Since then he has taken on multiple senior technical and leadership positions of increasing responsibility, including Director of Professional Services and most recently General Manager of IDC. He has also been instrumental in driving development of IDC's innovative MISTiQ technology and service offering - a secure, reliable, low-latency internet cloud content distribution solution for broadcasters. Prior to joining IDC, Allan was a systems engineer, systems architect and technology manager at General Electric, where he worked on radio and video applications for defence and aerospace sectors. He has a Bachelor of Engineering (Electrical) and a Masters Certificate in Project Management from Carleton University. New Risk • Dec 01
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: CA$6.7m (US$4.9m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$3.2m). Market cap is less than US$10m (CA$2.17m market cap, or US$1.60m). Minor Risk Revenue is less than US$5m (CA$6.7m revenue, or US$4.9m). Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: CA$0.011 (vs CA$0.007 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.011 (up from CA$0.007 loss in 3Q 2022). Revenue: CA$1.24m (down 42% from 3Q 2022). Net income: CA$353.7k (up CA$587.5k from 3Q 2022). Profit margin: 28% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.007 loss in 2Q 2022) Second quarter 2023 results: CA$0.002 loss per share (improved from CA$0.007 loss in 2Q 2022). Revenue: CA$2.19m (down 6.2% from 2Q 2022). Net loss: CA$52.1k (loss narrowed 77% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Aug 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 07
Full year 2022 earnings released Full year 2022 results: Revenue: CA$7.60m (up 5.5% from FY 2021). Net loss: CA$907.2k (loss widened CA$788.4k from FY 2021). Board Change • Mar 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2022 earnings released: CA$0.007 loss per share (vs CA$0.021 loss in 3Q 2021) Third quarter 2022 results: CA$0.007 loss per share (improved from CA$0.021 loss in 3Q 2021). Revenue: CA$2.14m (up 140% from 3Q 2021). Net loss: CA$233.8k (loss narrowed 67% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.008 loss in 2Q 2021) Second quarter 2022 results: CA$0.003 loss per share (up from CA$0.008 loss in 2Q 2021). Revenue: CA$2.34m (up 117% from 2Q 2021). Net loss: CA$229.7k (loss narrowed 19% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
First quarter 2022 earnings released: CA$0.019 loss per share (vs CA$0.024 profit in 1Q 2021) First quarter 2022 results: CA$0.019 loss per share (down from CA$0.024 profit in 1Q 2021). Revenue: CA$929.3k (down 75% from 1Q 2021). Net loss: CA$643.4k (down 180% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 03
Full year 2021 earnings released: CA$0.004 loss per share (vs CA$0.055 loss in FY 2020) Full year 2021 results: CA$0.004 loss per share (up from CA$0.055 loss in FY 2020). Revenue: CA$7.21m (up 45% from FY 2020). Net loss: CA$118.8k (loss narrowed 94% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Acting CFO & Director Brian Eckhardt was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 16
Novra Technologies Inc., Annual General Meeting, Jun 24, 2022 Novra Technologies Inc., Annual General Meeting, Jun 24, 2022. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.021 loss per share (down from CA$0.016 loss in 3Q 2020). Revenue: CA$890.8k (down 19% from 3Q 2020). Net loss: CA$709.9k (loss widened 29% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.008 loss per share (vs CA$0.008 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$1.08m (down 9.1% from 2Q 2020). Net loss: CA$283.2k (loss widened 6.4% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jun 03
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$3.73m (up 263% from 1Q 2020). Net income: CA$758.9k (up CA$1.02m from 1Q 2020). Profit margin: 20% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 03
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$4.98m (down 49% from FY 2019). Net loss: CA$1.83m (loss widened 6.3% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Ankündigung • Jan 02
Novra Technologies Inc., Annual General Meeting, Mar 05, 2021 Novra Technologies Inc., Annual General Meeting, Mar 05, 2021. Reported Earnings • Dec 05
Third quarter 2020 earnings released: CA$0.016 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$1.09m (down 64% from 3Q 2019). Net loss: CA$549.7k (down 212% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.