nDatalyze Corp Cancels Reverse Takeover, Launches New Platform

The latest update is out from nDatalyze Corp ( (TSE:NDAT) ).

nDatalyze Corp announced the cancellation of its reverse takeover of ThriveTech Holdings due to unresolved tax issues related to the cross-border nature of the transaction. As a result, the company will continue its operations without spinning out its mental health-related assets. Meanwhile, nDatalyze has been reconfiguring its product offerings, launching a platform named ‘Sigmund’ that provides personalized emotional state performance assessments. The company maintains a stable financial position with no debt and a low burn rate.

Spark’s Take on TSE:NDAT Stock

According to Spark, TipRanks’ AI Analyst, TSE:NDAT is a Underperform.

nDatalyze Corp’s overall stock score reflects significant financial struggles with declining revenues and negative cash flows. Technical indicators suggest a bearish trend, while valuation metrics are unattractive due to persistent losses. Although the company has a strong equity position, operational challenges and reliance on external financing remain concerns. The recent corporate events hold potential but are not enough to offset the current financial and market challenges.

To see Spark’s full report on TSE:NDAT stock, click here.

More about nDatalyze Corp

nDatalyze Corp operates in the healthcare technology industry, focusing on mental health assessments. The company offers products such as electronic medical records platforms, concierge health services, and performance assessments, with a market focus on personalized mental and physical health evaluations.

YTD Price Performance: -75.00%

Average Trading Volume: 50,062

Technical Sentiment Signal: Buy

Current Market Cap: C$826.5K

Find detailed analytics on NDAT stock on TipRanks’ Stock Analysis page.