TeraGo Inc.

TSX:TGO Stock Report

Market Cap: CA$48.4m

TeraGo Management

Management criteria checks 3/4

TeraGo's CEO is Dan Vucinic, appointed in Jun 2023, has a tenure of 3.08 years. total yearly compensation is CA$310.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth CA$161.66K. The average tenure of the management team and the board of directors is 2.3 years and 3.6 years respectively.

Key information

Dan Vucinic

Chief executive officer

CA$310.0k

Total compensation

CEO salary percentage100.00%
CEO tenure3.1yrs
CEO ownership0.3%
Management average tenure2.3yrs
Board average tenure3.6yrs

Recent management updates

Recent updates

Narrative Update Feb 05

TGO: Secure Networking Partnership Will Support A Stronger Forward Earnings Profile

Analysts have slightly reduced their price target on TeraGo, citing modest adjustments to the discount rate and future P/E assumptions, while keeping fair value, revenue growth and profit margin forecasts essentially unchanged. What's in the News TeraGo announced a partnership with Fortinet to deliver secure networking services for businesses across Canada, combining managed connectivity with Fortinet's SD-WAN and SASE offerings (Key Developments).
Narrative Update Jan 22

TGO: Secure Networking Partnership Will Support A Higher Forward Earnings Profile

Narrative Update on TeraGo Analysts have revised their price target for TeraGo to reflect a modestly higher fair value estimate, now at 1.1 times their prior narrative level of 1. This points to updated views on growth, profitability and an adjusted future P/E assumption.
Analysis Article Jan 17

TeraGo Inc.'s (TSE:TGO) 37% Jump Shows Its Popularity With Investors

TeraGo Inc. ( TSE:TGO ) shareholders are no doubt pleased to see that the share price has bounced 37% in the last...
Narrative Update Sep 16

Flexible Millimeter Wave Use Will Unlock Mobile Opportunities

TeraGo's price target was cut following a substantial decline in its forward P/E ratio amid slightly weaker revenue growth expectations, lowering the fair value estimate from CA$1.60 to CA$1.00. What's in the News TeraGo announced a non-brokered private placement to issue 6,547,619 common shares at CAD 0.84 for proceeds of CAD 5.5 million, with insider participation expected and subject to stock exchange approval.
Narrative Update Aug 16

Flexible Millimeter Wave Use Will Unlock Mobile Opportunities

The significant reduction in TeraGo’s consensus revenue growth forecast from 4.5% to 1.4% has driven a downward revision in its fair value, with the analyst price target dropping from CA$2.00 to CA$1.60. What's in the News TeraGo announced a partnership with Ericsson to deliver advanced enterprise private 5G solutions across Canada.
Analysis Article Jul 26

Market Still Lacking Some Conviction On TeraGo Inc. (TSE:TGO)

With a median price-to-sales (or "P/S") ratio of close to 1.3x in the Telecom industry in Canada, you could be forgiven...
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New Narrative Apr 17

Flexible Millimeter Wave Use Will Unlock Mobile Opportunities

TERAGO's strategic mid-market focus and reduced churn anticipate future revenue growth, bolstered by improved account revenues and spectral assets.
Analysis Article Mar 30

Is TeraGo (TSE:TGO) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Feb 26

TeraGo Inc.'s (TSE:TGO) 28% Jump Shows Its Popularity With Investors

TeraGo Inc. ( TSE:TGO ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Looking...
Analysis Article Feb 13

Does TeraGo (TSE:TGO) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Nov 13

A Piece Of The Puzzle Missing From TeraGo Inc.'s (TSE:TGO) Share Price

With a median price-to-sales (or "P/S") ratio of close to 1.1x in the Telecom industry in Canada, you could be forgiven...
Analysis Article Jun 07

After Leaping 34% TeraGo Inc. (TSE:TGO) Shares Are Not Flying Under The Radar

Despite an already strong run, TeraGo Inc. ( TSE:TGO ) shares have been powering on, with a gain of 34% in the last...
Analysis Article Apr 15

Even With A 45% Surge, Cautious Investors Are Not Rewarding TeraGo Inc.'s (TSE:TGO) Performance Completely

TeraGo Inc. ( TSE:TGO ) shareholders would be excited to see that the share price has had a great month, posting a 45...
Analysis Article Feb 29

With TeraGo Inc. (TSE:TGO) It Looks Like You'll Get What You Pay For

It's not a stretch to say that TeraGo Inc.'s ( TSE:TGO ) price-to-sales (or "P/S") ratio of 0.9x seems quite...
Analysis Article Jan 07

Is TeraGo (TSE:TGO) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 05

Is TeraGo (TSE:TGO) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Aug 04

Why Investors Shouldn't Be Surprised By TeraGo Inc.'s (TSE:TGO) P/S

There wouldn't be many who think TeraGo Inc.'s ( TSE:TGO ) price-to-sales (or "P/S") ratio of 1.3x is worth a mention...
Analysis Article Jun 08

Here's Why TeraGo (TSE:TGO) Can Afford Some Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jan 26

TeraGo (TSE:TGO) Is Carrying A Fair Bit Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 10

We Think TeraGo (TSE:TGO) Has A Fair Chunk Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Feb 23

Does TeraGo's (TSE:TGO) Share Price Gain of 44% Match Its Business Performance?

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But the truth is...

CEO Compensation Analysis

How has Dan Vucinic's remuneration changed compared to TeraGo's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$16m

Dec 31 2025CA$310kCA$310k

-CA$17m

Sep 30 2025n/an/a

-CA$15m

Jun 30 2025n/an/a

-CA$14m

Mar 31 2025n/an/a

-CA$13m

Dec 31 2024CA$420kCA$310k

-CA$13m

Sep 30 2024n/an/a

-CA$14m

Jun 30 2024n/an/a

-CA$13m

Mar 31 2024n/an/a

-CA$14m

Dec 31 2023CA$1mCA$173k

-CA$13m

Compensation vs Market: Dan's total compensation ($USD218.98K) is above average for companies of similar size in the Canadian market ($USD153.91K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


CEO

Dan Vucinic

3.1yrs
Tenure
CA$310,000
Compensation

Mr. Daniel Vucinic, also known as Dan, is President and Chief Executive Officer of TeraGo Inc. from June 12, 2023 and as its Director from June 15, 2023. He had been the Chief Operations Officer at CentriL...


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Vucinic
President3.1yrsCA$310.00k0.33%
CA$ 161.7k
Rajneesh Sapra
Chief Financial Officer2.3yrsCA$275.00k0.26%
CA$ 124.0k
Osman Mohamednur
Vice President of Engineering & Operationsno dataCA$250.00k0.0091%
CA$ 4.4k
May Daou
Chief Customer Officerless than a yearCA$269.12k0.062%
CA$ 30.1k
Shaunik Katyal
General Counsel & Corporate Secretaryno datano data0.12%
CA$ 59.0k
2.3yrs
Average Tenure

Experienced Management: TGO's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Vucinic
President3.1yrsCA$310.00k0.33%
CA$ 161.7k
Kenneth Campbell
Independent Non-Executive Chairman of the Board5.9yrsCA$50.79k0.86%
CA$ 415.3k
Tina Pidgeon
Independent Director3.1yrsCA$32.83k0.18%
CA$ 88.8k
Pietro Cordova
Independent Non-Executive Director4.1yrsCA$36.58k0.22%
CA$ 108.4k
James Watson
Independent Director3.1yrsCA$26.50k0.10%
CA$ 48.5k
Martin Pinnes
Independent Non-Executive Director5.1yrsCA$32.75k0.84%
CA$ 407.1k
3.6yrs
Average Tenure
60yo
Average Age

Experienced Board: TGO's board of directors are considered experienced (3.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 13:12
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TeraGo Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David McFadgenATB Cormark
David McFadgenATB Cormark Historical (Cormark Securities)
Matthew LeeCanaccord Genuity