Burcon NutraScience Corporation

OTCPK:BRCN.F Stock Report

Market Cap: US$17.8m

Burcon NutraScience Balance Sheet Health

Financial Health criteria checks 2/6

Burcon NutraScience has a total shareholder equity of CA$-2.5M and total debt of CA$9.0M, which brings its debt-to-equity ratio to -363.7%. Its total assets and total liabilities are CA$24.0M and CA$26.5M respectively.

Key information

-363.74%

Debt to equity ratio

CA$9.04m

Debt

Interest coverage ration/a
CashCA$1.29m
Equity-CA$2.49m
Total liabilitiesCA$26.46m
Total assetsCA$23.97m

Recent financial health updates

Recent updates

Seeking Alpha Sep 02

Burcon NutraScience falls 23% postmarket on delisting of stock from Nasdaq Capital Market

Burcon NutraScience (NASDAQ:BRCN) stock slid 23.1% postmarket on Friday after the firm said it will delist its shares from Nasdaq Capital Market. BRCN shares will be suspended from trading on the exchange on or about Sept. 12. The company in Apr. received a Nasdaq notice indicating that it was not in compliance with the minimum bid price rule. BRCN's management believes it will not be able to regain compliance by the Sept. 28 deadline and a plan for share consolidation would be of no benefit. The company's stock will continue to be listed on the Toronto Stock Exchange. BRCN is exploring listing its stock on either the OTC Pink Open Market or the OTCQB. The firm  said its auditors PricewaterhouseCoopers resigned, effective Sept. 1, and will therefore postpone its annual shareholder meeting, which was to be held on Sept. 14. PwC confirmed there were no "reportable events" or "unresolved issues".
Seeking Alpha Aug 15

Burcon NutraScience GAAP EPS of -C$0.04, revenue of C$90.54K

Burcon NutraScience press release (NASDAQ:BRCN): Q1 GAAP EPS of -C$0.04. Revenue of C$90.54K (+403.0% Y/Y).
Seeking Alpha May 12

Burcon: Partner Bunge's $500 Million To $1 Billion Of Growth Capex Within Alternative Proteins Bodes Well

Positive development with Bunge disclosing $500 million-$1 billion out of its $2 billion growth capex pipeline is within the alternative protein. Bunge’s increasing interest/spend in plant-based protein is positive for Burcon. Bunge increased its stake in Merit JV with Burcon in 2H’2021 and its path to an even larger Merit stake leads to several positive catalysts for Burcon shares. Non-dilutive $10 million credit line from Burcon’s largest shareholder, Firewood (wholly-owned by Burcon director) is a strong sign of support & positive indicator for the outlook ahead; new JV/CEO next catalysts. Merit shipping to large/small CPG companies globally and expects supply from Phase 1 of the commercial plant to be spoken for by end of 2022; would equate to C$60million in 2023 revenues. Despite overall market volatility, especially in the plant-based sector, the plant-based protein trend remains firmly in place; Nestle's CEO reiterated “once-in-a-generation” opportunity in Feb '22.
Seeking Alpha Sep 03

Burcon NutraScience: Achieved Several Key Milestones In 1H 2021, Significant Opportunity Ahead

Burcon disclosed on the quarterly call multiple partnering discussions are underway and the potential for a new collaboration to be announced in the coming months. Any new venture beyond Merit JV will be a major catalyst. In addition to attracting Nestlé & Bunge, Burcon’s best-in-class plant-protein technology has led to Merit executing NDAs with ~240 companies including several of the largest food & beverage companies globally. Burcon’s Merit JV plant has commenced commercial sales of purest pea-based protein & the world’s first protein from canola. Plant achieving remarkable protein levels near 100% purity. The proprietary platform produces essential trifecta with its high-purity plant-based proteins: superior functionality, taste, and nutrition, in a market that is projected to grow seven-fold to ~$290 billion by 2035. A strong potential beneficiary of rising ESG-driven investment trend via new NASDAQ listing as awareness of this pure-play on plant-based protein megatrend increases.

Financial Position Analysis

Short Term Liabilities: BRCN.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BRCN.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRCN.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BRCN.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: BRCN.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: BRCN.F is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 23:50
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

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

Burcon NutraScience Corporation is covered by 4 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
Tania Armstrong-WhitworthCanaccord Genuity
Jacob BoutCIBC Capital Markets
Corey HammillParadigm Capital, Inc.