New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.0% per year over the past 5 years. Market cap is less than US$10m (CA$9.28m market cap, or US$6.72m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$2.7m revenue, or US$2.0m). Reported Earnings • May 26
Third quarter 2026 earnings released: EPS: CA$0.007 (vs CA$0.003 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.007 (up from CA$0.003 in 3Q 2025). Revenue: CA$848.0k (up 28% from 3Q 2025). Net income: CA$195.4k (up 151% from 3Q 2025). Profit margin: 23% (up from 12% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • May 22
Total Telcom Inc., Annual General Meeting, Jul 17, 2026 Total Telcom Inc., Annual General Meeting, Jul 17, 2026. Location: british columbia, kelowna Canada Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: CA$0.005 (vs CA$0.001 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.005 (up from CA$0.001 in 2Q 2025). Revenue: CA$711.4k (up 60% from 2Q 2025). Net income: CA$120.4k (up 218% from 2Q 2025). Profit margin: 17% (up from 8.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 03
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to CA$0.33. The fair value is estimated to be CA$0.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Reported Earnings • Nov 28
First quarter 2026 earnings released: EPS: CA$0.003 (vs CA$0.002 in 1Q 2025) First quarter 2026 results: EPS: CA$0.003 (up from CA$0.002 in 1Q 2025). Revenue: CA$521.9k (up 7.9% from 1Q 2025). Net income: CA$86.6k (up 37% from 1Q 2025). Profit margin: 17% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.6% per year over the past 5 years. Market cap is less than US$10m (CA$5.95m market cap, or US$4.22m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$2.2m revenue, or US$1.6m). Reported Earnings • Oct 28
Full year 2025 earnings released: EPS: CA$0.013 (vs CA$0.011 in FY 2024) Full year 2025 results: EPS: CA$0.013 (up from CA$0.011 in FY 2024). Revenue: CA$2.20m (up 12% from FY 2024). Net income: CA$341.8k (up 17% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Reported Earnings • May 29
Third quarter 2025 earnings released: EPS: CA$0.003 (vs CA$0.003 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.003 (in line with 3Q 2024). Revenue: CA$661.0k (up 27% from 3Q 2024). Net income: CA$78.0k (down 15% from 3Q 2024). Profit margin: 12% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is well ahead of earnings. Reported Earnings • Mar 04
Second quarter 2025 earnings released: EPS: CA$0.001 (vs CA$0.004 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.001 (down from CA$0.004 in 2Q 2024). Revenue: CA$444.1k (down 28% from 2Q 2024). Net income: CA$37.9k (down 63% from 2Q 2024). Profit margin: 8.5% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 11% per year, which means it is well ahead of earnings. Announcement • Feb 04
Total Telcom Inc., Annual General Meeting, Apr 01, 2025 Total Telcom Inc., Annual General Meeting, Apr 01, 2025. Location: british columbia, kelowna Canada Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: CA$0.002 (vs CA$0.001 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0.002 (up from CA$0.001 loss in 1Q 2024). Revenue: CA$483.8k (up 41% from 1Q 2024). Net income: CA$63.3k (up CA$79.6k from 1Q 2024). Profit margin: 13% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. 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 19% per year, which means it is well ahead of earnings. New Risk • Oct 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$7.40m market cap, or US$5.37m). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Revenue is less than US$5m (CA$2.0m revenue, or US$1.4m). New Risk • Aug 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$7.79m market cap, or US$5.78m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$2.2m revenue, or US$1.6m). Reported Earnings • May 29
Third quarter 2024 earnings released: EPS: CA$0.003 (vs CA$0.004 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.003 (down from CA$0.004 in 3Q 2023). Revenue: CA$519.6k (down 12% from 3Q 2023). Net income: CA$92.0k (down 1.1% from 3Q 2023). Profit margin: 18% (up from 16% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Feb 29
Second quarter 2024 earnings released: EPS: CA$0.004 (vs CA$0.004 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.004 (in line with 2Q 2023). Revenue: CA$619.6k (down 8.7% from 2Q 2023). Net income: CA$101.6k (down 11% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 15
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CA$0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.1%. Buying Opportunity • Dec 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be CA$0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.1%. Buying Opportunity • Dec 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CA$0.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.1%. New Risk • Nov 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$103k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.2m market cap, or US$9.65m). Minor Risks Significant insider selling over the past 3 months (CA$103k sold). Revenue is less than US$5m (CA$2.4m revenue, or US$1.7m). Recent Insider Transactions • Nov 06
CFO & Director recently sold CA$51k worth of stock On the 3rd of November, Scott Allen sold around 102k shares on-market at roughly CA$0.50 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$52k. Scott has been a net seller over the last 12 months, reducing personal holdings by CA$113k. Recent Insider Transactions • Oct 20
CFO & Director recently sold CA$52k worth of stock On the 13th of October, Scott Allen sold around 105k shares on-market at roughly CA$0.50 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by CA$62k. Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: CA$0.022 (vs CA$0.011 in FY 2022) Full year 2023 results: EPS: CA$0.022 (up from CA$0.011 in FY 2022). Revenue: CA$2.39m (up 45% from FY 2022). Net income: CA$583.0k (up 99% from FY 2022). Profit margin: 24% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
Total Telcom Inc., Annual General Meeting, Dec 18, 2023 Total Telcom Inc., Annual General Meeting, Dec 18, 2023. Recent Insider Transactions Derivative • Aug 16
CFO & Director exercised options to buy CA$144k worth of stock. On the 11th of August, Scott Allen exercised options to buy 350k shares at a strike price of around CA$0.15, costing a total of CA$53k. This transaction amounted to 18% of their direct individual holding at the time of the trade. Since September 2022, Scott's direct individual holding has decreased from 2.12m shares to 1.99m. Company insiders have collectively bought CA$43k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Wayne Jamieson was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 22
Total Telcom Inc. Appoints Paul Andreola to Its Board of Directors, Effective July 1, 2023 Total Telcom Inc. announced the appointment of Paul Andreola to the Company's Board of Directors (the "Board"), effective July 1, 2023. Mr. Andreola is a highly regarded finance and investment professional with over two decades of experience in capital markets and corporate finance who has helped secure more than $100 million in funding for early-stage private and public companies. Mr. Andreola is currently the CEO and Director of NameSilo Technologies and serves as an independent director of Andreola was a licensed investment advisor and founder of multiple technology c. Reported Earnings • Jun 01
Third quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.001 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.004 (up from CA$0.001 in 3Q 2022). Revenue: CA$587.6k (up 13% from 3Q 2022). Net income: CA$93.1k (up 183% from 3Q 2022). Profit margin: 16% (up from 6.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 26
Second quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.004 (up from CA$0 in 2Q 2022). Revenue: CA$678.4k (up 97% from 2Q 2022). Net income: CA$114.4k (up CA$112.0k from 2Q 2022). Profit margin: 17% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Nov 23
First quarter 2023 earnings released: EPS: CA$0.005 (vs CA$0.002 in 1Q 2022) First quarter 2023 results: EPS: CA$0.005 (up from CA$0.002 in 1Q 2022). Revenue: CA$412.3k (up 29% from 1Q 2022). Net income: CA$123.5k (up 98% from 1Q 2022). Profit margin: 30% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Full year 2022 earnings released: EPS: CA$0.011 (vs CA$0.024 in FY 2021) Full year 2022 results: EPS: CA$0.011 (down from CA$0.024 in FY 2021). Revenue: CA$1.66m (down 4.7% from FY 2021). Net income: CA$292.6k (down 52% from FY 2021). Profit margin: 18% (down from 35% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Aug 23
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. No experienced directors. 4 highly experienced directors. Independent Director David Hammermeister was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 07
Total Telcom Inc., Annual General Meeting, Sep 30, 2022 Total Telcom Inc., Annual General Meeting, Sep 30, 2022. Reported Earnings • May 29
Third quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0.003 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.001 (down from CA$0.003 in 3Q 2021). Revenue: CA$520.1k (flat on 3Q 2021). Net income: CA$32.8k (down 63% from 3Q 2021). Profit margin: 6.3% (down from 17% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 28
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. No experienced directors. 4 highly experienced directors. Independent Director David Hammermeister was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: CA$0 (down from CA$0.001 in 2Q 2021). Revenue: CA$344.6k (up 10% from 2Q 2021). Net income: CA$2.4k (down 92% from 2Q 2021). Profit margin: 0.7% (down from 9.5% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Mar 02
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. No experienced directors. 4 highly experienced directors. Independent Director David Hammermeister was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0.002 (down from CA$0.004 in 1Q 2021). Revenue: CA$320.4k (down 34% from 1Q 2021). Net income: CA$62.4k (down 42% from 1Q 2021). Profit margin: 20% (down from 22% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Full year 2021 earnings released: EPS CA$0.024 (vs CA$0.013 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$1.74m (up 15% from FY 2020). Net income: CA$608.3k (up 89% from FY 2020). Profit margin: 35% (up from 21% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Oct 05
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. Independent Director David Hammermeister was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 29
Third quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.007 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$524.4k (up 18% from 3Q 2020). Net income: CA$87.7k (down 47% from 3Q 2020). Profit margin: 17% (down from 37% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Dec 01
First quarter 2021 earnings released: EPS CA$0.004 The company reported a soft first quarter result with weaker earnings and profit margins, although revenues were improved. First quarter 2021 results: Revenue: CA$487.2k (up 16% from 1Q 2020). Net income: CA$107.5k (down 2.9% from 1Q 2020). Profit margin: 22% (down from 26% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 30
Full year earnings released - EPS CA$0.013 Over the last 12 months the company has reported total profits of CA$321.4k, up 6.3% from the prior year. Total revenue was CA$1.51m over the last 12 months, up 4.7% from the prior year. Profit margins were 21%, which is in line with last year. 
