Company DescriptionNEXE Innovations Inc. designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-serve coffee machines. The company was founded in 2015 and is headquartered in Surrey, Canada.

How the Company Makes Money

NEXE Innovations Financial Statement Overview

Summary

NEXE Innovations shows a challenging financial performance with negative gross and net profit margins. Despite positive revenue growth, profitability remains an issue with negative EBIT and EBITDA margins. The balance sheet shows stability with low leverage but is offset by negative cash flows. Overall, the company is in a turnaround phase with operational inefficiencies.

Income Statement

Negative

NEXE Innovations shows a challenging financial performance with negative gross and net profit margins. The TTM (Trailing-Twelve-Months) revenue growth is positive, indicating some improvement, but profitability remains a significant issue as evidenced by negative EBIT and EBITDA margins. Overall, the income statement reflects ongoing struggles in achieving profitability.

Balance Sheet

Neutral

The company's balance sheet shows a strong equity position with a high equity ratio, indicating stability. The debt-to-equity ratio is low, reflecting conservative leverage. However, the return on equity is negative due to persistent losses, indicating inefficiencies in generating returns for shareholders.

Cash Flow

Negative

NEXE Innovations has negative free and operating cash flows, which highlights cash flow management challenges. Despite this, the company has shown improvement in free cash flow over recent periods. The ratios of operating and free cash flow to net income indicate a strained cash flow position relative to reported losses.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
250.53K	149.26K	49.76K	26.99K	0.00	0.00
	Gross Profit
-575.26K	-206.63K	-162.19K	-29.34K	-299.03K	0.00
	EBIT
-7.00M	-7.03M	-6.95M	-8.18M	-12.38M	-1.67M
	EBITDA
-1.10M	-4.64M	-4.89M	-7.36M	-11.82M	-1.26M
	Net Income Common Stockholders
-2.85M	-6.53M	-6.14M	-8.34M	-17.18M	-2.19M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.83M	11.09M	15.61M	28.46M	50.53M	3.33M
	Total Assets
27.04M	36.49M	43.36M	49.17M	57.68M	8.64M
	Total Debt
1.51M	665.95K	985.41K	1.77M	2.80M	1.46M
	Net Debt
-18.29M	-7.38M	-14.62M	-13.74M	-47.72M	-1.85M
	Total Liabilities
3.32M	2.89M	3.87M	4.38M	5.34M	2.14M
	Stockholders Equity
23.72M	33.60M	39.49M	44.79M	52.34M	6.50M
Cash Flow		Free Cash Flow
-949.12K	-3.27M	-7.17M	-16.98M	-12.06M	-2.27M
	Operating Cash Flow
-5.18M	-2.44M	-3.91M	-8.22M	-10.44M	-1.75M
	Investing Cash Flow
9.00M	-4.62M	4.67M	-25.60M	-1.01M	-522.79K
	Financing Cash Flow
-500.00K	-500.00K	-650.00K	-1.20M	58.67M	5.58M

NEXE Innovations Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEXNF		$13.51M	―	-8.32%	―	―	―
WPK	78 Outperform	C$2.79B	13.77	11.26%	0.40%	5.50%	9.93%
TCL.A	76 Outperform	C$1.76B	9.88	9.65%	4.26%	-2.58%	100.21%
IFX	75 Outperform	C$71.88M	12.23	9.56%	―	13.92%	310.18%
SXP	68 Neutral	C$96.52M	―	-10.60%	4.58%	-3.15%	-222.64%
Sector *	62 Neutral	$6.88B	11.32	2.90%	3.87%	2.70%	-24.57%
CADNF		$670.35M	―	-0.24%	5.21%	―	―

* Consumer Cyclical Sector Average

Performance Comparison

NEXNF

NEXE Innovations

0.14

-0.11

-44.00%

TSE:IFX

Imaflex

1.38

0.33

31.43%

TSE:SXP

Supremex

3.92

0.33

9.19%

TSE:TCL.A

Transcontinental

21.11

7.69

57.30%

TSE:WPK

Winpak

44.63

2.35

5.56%

CADNF

Cascades

6.73

0.23

3.54%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.