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PINK

Perimeter Medical Imaging AI TSXV:PINK Stock Report

Last Price

CA$1.64

Market Cap

CA$105.0m

7D

-3.5%

1Y

-32.2%

Updated

26 Sep, 2022

Data

Company Financials +
PINK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PINK Stock Overview

Perimeter Medical Imaging AI, Inc., a medical technology company, develops and commercializes advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure.

Perimeter Medical Imaging AI Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Perimeter Medical Imaging AI
Historical stock prices
Current Share PriceCA$1.64
52 Week HighCA$5.20
52 Week LowCA$1.49
Beta1.16
1 Month Change-13.68%
3 Month Change-0.61%
1 Year Change-32.23%
3 Year Changen/a
5 Year Changen/a
Change since IPO-4.09%

Recent News & Updates

Jun 29
Here's Why We're Not Too Worried About Perimeter Medical Imaging AI's (CVE:PINK) Cash Burn Situation

Here's Why We're Not Too Worried About Perimeter Medical Imaging AI's (CVE:PINK) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

PINKCA Medical EquipmentCA Market
7D-3.5%-6.4%-6.4%
1Y-32.2%-46.8%-8.4%

Return vs Industry: PINK exceeded the Canadian Medical Equipment industry which returned -45.2% over the past year.

Return vs Market: PINK underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is PINK's price volatile compared to industry and market?
PINK volatility
PINK Average Weekly Movement10.4%
Medical Equipment Industry Average Movement10.2%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: PINK is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PINK's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201343Jeremy Sobottahttps://www.perimetermed.com

Perimeter Medical Imaging AI, Inc., a medical technology company, develops and commercializes advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure. The company offers an optical coherence tomography (OCT) imaging system provides clinicians with cross-sectional of tissues down to 2 mm dept. This OCT imaging system consists of S-series OCT, B-series OCT, and OCT imaging console.

Perimeter Medical Imaging AI Fundamentals Summary

How do Perimeter Medical Imaging AI's earnings and revenue compare to its market cap?
PINK fundamental statistics
Market CapCA$104.97m
Earnings (TTM)-CA$16.21m
Revenue (TTM)CA$121.15k

867.7x

P/S Ratio

-6.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PINK income statement (TTM)
RevenueCA$121.15k
Cost of RevenueCA$9.08k
Gross ProfitCA$112.07k
Other ExpensesCA$16.32m
Earnings-CA$16.21m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.25
Gross Margin92.50%
Net Profit Margin-13,382.54%
Debt/Equity Ratio0.5%

How did PINK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PINK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PINK?

Other financial metrics that can be useful for relative valuation.

PINK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue498.2x
Enterprise Value/EBITDA-3.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does PINK's PB Ratio compare to its peers?

PINK PB Ratio vs Peers
The above table shows the PB ratio for PINK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average7.1x
PRN Profound Medical
1.2x57.7%CA$114.1m
NSCI Nanalysis Scientific
2.2xn/aCA$82.0m
TMD Titan Medical
3.2xn/aCA$71.4m
TLT Theralase Technologies
21.9x64.7%CA$56.0m
PINK Perimeter Medical Imaging AI
2.6x41.8%CA$105.0m

Price-To-Book vs Peers: PINK is good value based on its Price-To-Book Ratio (2.6x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does PINK's PE Ratio compare vs other companies in the CA Medical Equipment Industry?

Price-To-Book vs Industry: PINK is expensive based on its Price-To-Book Ratio (2.6x) compared to the North American Medical Equipment industry average (2.5x)


Price to Book Ratio vs Fair Ratio

What is PINK's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PINK PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PINK's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PINK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PINK (CA$1.64) is trading below our estimate of fair value (CA$13.23)

Significantly Below Fair Value: PINK is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Perimeter Medical Imaging AI forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


41.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PINK is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PINK is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PINK is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PINK's revenue (66.8% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: PINK's revenue (66.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PINK's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Perimeter Medical Imaging AI performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-26.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PINK is currently unprofitable.

Growing Profit Margin: PINK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PINK is unprofitable, and losses have increased over the past 5 years at a rate of 26.5% per year.

Accelerating Growth: Unable to compare PINK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PINK is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (-0.2%).


Return on Equity

High ROE: PINK has a negative Return on Equity (-39.63%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Perimeter Medical Imaging AI's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PINK's short term assets (CA$49.7M) exceed its short term liabilities (CA$2.3M).

Long Term Liabilities: PINK's short term assets (CA$49.7M) exceed its long term liabilities (CA$9.7M).


Debt to Equity History and Analysis

Debt Level: PINK has more cash than its total debt.

Reducing Debt: Insufficient data to determine if PINK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PINK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PINK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Perimeter Medical Imaging AI current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Perimeter Medical Imaging AI Dividend Yield vs Market
How does Perimeter Medical Imaging AI dividend yield compare to the market?
SegmentDividend Yield
Company (Perimeter Medical Imaging AI)n/a
Market Bottom 25% (CA)2.1%
Market Top 25% (CA)6.1%
Industry Average (Medical Equipment)1.9%
Analyst forecast in 3 Years (Perimeter Medical Imaging AI)n/a

Notable Dividend: Unable to evaluate PINK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PINK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PINK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PINK's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PINK has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Jeremy Sobotta

1.92yrs

Tenure

CA$369,228

Compensation

Mr. Jeremy Sobotta serves as President at Perimeter Medical Imaging AI, Inc. and serves as its Chief Executive Officer since October 20, 2020. Mr. Sobotta served as Chief Financial Officer of Perimeter Med...


CEO Compensation Analysis

Jeremy Sobotta's Compensation vs Perimeter Medical Imaging AI Earnings
How has Jeremy Sobotta's remuneration changed compared to Perimeter Medical Imaging AI's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$16m

Mar 31 2022n/an/a

-CA$19m

Dec 31 2021n/an/a

-CA$17m

Sep 30 2021n/an/a

-CA$13m

Jun 30 2021n/an/a

-CA$9m

Mar 31 2021n/an/a

-CA$10m

Dec 31 2020CA$369kCA$318k

-CA$8m

Sep 30 2020n/an/a

-CA$8m

Jun 30 2020n/an/a

-CA$11m

Mar 31 2020n/an/a

-CA$10m

Dec 31 2019CA$30kCA$27k

-CA$10m

Compensation vs Market: Insufficient data to establish whether Jeremy's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Jeremy's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PINK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: PINK's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:PINK Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
26 Jan 22BuyCA$252,000Aaron DavidsonIndividual84,000CA$3.00
26 Jan 22BuyCA$15,000Merle BoonIndividual5,000CA$3.00
26 Jan 22BuyCA$126,000Suzanne FosterIndividual42,000CA$3.00
26 Jan 22BuyCA$30,000Jeremy SobottaIndividual10,000CA$3.00
26 Jan 22BuyCA$90,000Ian MortimerIndividual30,000CA$3.00
30 Sep 21BuyCA$340Merle BoonIndividual150CA$2.27
29 Sep 21BuyCA$19,182Jeremy SobottaIndividual10,100CA$1.94

Ownership Breakdown

What is the ownership structure of PINK?
Owner TypeNumber of SharesOwnership Percentage
Institutions98,0000.2%
Individual Insiders577,1060.9%
VC/PE Firms31,160,19448.7%
General Public32,173,74450.3%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.7%.


Top Shareholders

Top 12 shareholders own 49.74% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.08%
Roadmap Capital Inc.
16,693,527CA$27.4m0%61.37%
22.6%
The Social+Capital Partnership, L.L.C.
14,466,667CA$23.7m0%no data
0.27%
Douglas Janzen
171,650CA$281.5k0%no data
0.18%
Ian Mortimer
113,333CA$185.9k0%no data
0.15%
North Growth Management Ltd.
98,000CA$160.7k0%0.03%
0.13%
Aaron Davidson
84,000CA$137.8k0%no data
0.11%
Jeremy Sobotta
73,492CA$120.5k0%no data
0.093%
Hugh Cleland
59,800CA$98.1k0%no data
0.068%
Suzanne Foster
43,756CA$71.8k0%no data
0.024%
Elizabeth Munro
15,625CA$25.6k0%no data
0.016%
Jay Widdig
10,000CA$16.4k0%no data
0.0085%
Merle Boon
5,450CA$8.9k0%no data

Company Information

Perimeter Medical Imaging AI, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Perimeter Medical Imaging AI, Inc.
  • Ticker: PINK
  • Exchange: TSXV
  • Founded: 2013
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Implied Market Cap: CA$104.975m
  • Shares outstanding: 64.01m
  • Website: https://www.perimetermed.com

Number of Employees


Location

  • Perimeter Medical Imaging AI, Inc.
  • 359 Eastern Avenue
  • Suite 110
  • Toronto
  • Ontario
  • M4M 1B7
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PINKTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2020
4PCDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2020
PYNK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2020
4PCBST (Boerse-Stuttgart)YesCommon SharesDEEURJul 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.