Arway Corp. (ARWY) AI Stock Analysis

• Market Cap: C$3.72M
• Dividend Yield: N/A
• Average Volume (3M): 14.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 37,157,337
• 10 Day Avg. Volume: 12,093
• 30 Day Avg. Volume: 14,759
• PEG Ratio: 0.04
• Price to Book (P/B): -2.73
• Price to Sales (P/S): 2.28
• P/FCF Ratio: 175.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.10 ▲(26.25% Upside)

The score is held back primarily by weak financial quality—ongoing losses, negative equity, and only modest recent cash-flow improvement—despite strong revenue momentum. Technicals are supportive with the stock trading above key moving averages and momentum indicators leaning positive, while valuation contributes little due to missing P/E and dividend data.

Positive Factors

Revenue Growth Momentum

Sustained, material revenue acceleration indicates improving product-market fit and rising adoption of AR navigation offerings. Over 2-6 months this supports higher operating leverage potential and a clearer path to scale if the company converts top-line gains into consistent contribution margins.

High Gross Profit / Unit Economics

Very high gross profit points to durable unit economics and potential pricing or cost advantages in AR mapping services. If sustained, solid gross margins provide structural flexibility to invest in R&D and sales while driving toward operating leverage as revenue grows.

Low Financial Leverage

Absence of reported debt reduces bankruptcy and interest-rate sensitivity, preserving strategic optionality. Over the medium term this lowers fixed financial burdens and makes external capital decisions less pressured, aiding long-term investment in product and go-to-market expansion.

Negative Factors

Persistent Negative Shareholders' Equity

Negative shareholders' equity reflects accumulated losses and a thin capital base, constraining the firm’s ability to absorb shocks. This structural weakness raises dilution and financing risk, making long-term strategic investments and M&A more difficult without external recapitalization.

Sizable Operating and Net Losses

Continued operating and net losses indicate the business has not yet achieved sustainable profitability despite revenue gains. Over months this undermines internal funding capacity and requires ongoing external capital or rapid margin improvement to reach durable earnings power.

Unproven Cash Generation Durability

A small operating cash-flow inflection is encouraging but unproven; cash generation remains fragile versus the scale of losses. Structurally this limits self-funding for growth initiatives and increases reliance on external financing, heightening dilution and execution risk.

Arway Corp. Business Overview & Revenue Model

Company Description

Arway Corporation engages in developing and operating ARway application. It offers ARway, a mobile app, all in-one no code Metaverse creation tool, with self-generating AR mapping solutions for consumers and brands. The ARway offering paired with a no code web-based Creator Portal and SDK to form the metaverse experience builder platform that enables creators map, author, and publish various Metaverse experiences ranging from wayfinding to an array of AR experiences for branded activations. The company was incorporated in 2022 and is headquartered in Toronto, Canada.

How the Company Makes Money

Arway Corp. Financial Statement Overview

Summary

Arway Corp. faces significant financial challenges across all major financial statements. Despite some revenue growth, the company struggles with profitability and cash flow generation. The high leverage and negative equity position increase financial risk, requiring strategic improvements to ensure long-term viability.

Income Statement

Arway Corp. shows significant challenges in its income statement. The company has negative net income and EBIT, indicating unprofitability. The TTM revenue growth is positive, showing some potential in revenue generation, but margins are severely negative, pointing to high operational inefficiencies.

Balance Sheet

The balance sheet reflects a precarious financial position with negative stockholders' equity, indicating more liabilities than assets. This high leverage is a risk factor for financial stability. The absence of debt in recent periods offers a slight positive note but does not offset the equity deficit.

Cash Flow

The cash flow situation is concerning, with negative operating and free cash flow indicating poor cash generation. However, there is some improvement in financing activities, suggesting reliance on external financing for operations. The free cash flow to net income ratio is unsustainable.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	136.56K	820.73K	126.86K	59.73K	9.30K	25.77K
Gross Profit	120.54K	761.84K	126.86K	59.73K	9.30K	25.77K
EBITDA	-1.58M	0.00	-1.75M	-3.11M	-243.91K	0.00
Net Income	-2.19M	-561.07K	-2.43M	-8.15M	-257.57K	-65.49K
Balance Sheet
Total Assets	340.30K	584.87K	235.19K	344.12K	3.69K	141.11K
Cash, Cash Equivalents and Short-Term Investments	336.00	6.63K	398.00	281.17K	3.69K	127.45K
Total Debt	567.00	0.00	0.00	0.00	86.72K	87.95K
Total Liabilities	1.17M	1.27M	909.58K	162.36K	91.91K	91.97K
Stockholders Equity	-825.93K	-686.04K	-674.40K	181.76K	-88.22K	49.14K
Cash Flow
Free Cash Flow	-432.17K	10.68K	-675.97K	-1.70M	-242.72K	-75.14K
Operating Cash Flow	-432.17K	10.68K	-675.97K	-1.69M	-242.72K	-61.48K
Investing Cash Flow	0.00	0.00	0.00	-6.54K	0.00	-13.66K
Financing Cash Flow	352.78K	0.00	395.19K	1.98M	121.40K	201.34K

Arway Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARWY, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 60.74 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ARWY.

Arway Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ARWY	51 Neutral	C$3.72M	―	―	―	―	―
PLNK	39 Underperform	C$1.24M	-0.33	-115.36%	―	-17.23%	-179.02%
LTV	29 Underperform	C$836.04K	-1.27	―	―	―	15.05%

Arway Corp. Corporate Events

Nextech3D.ai to Acquire Full Stake in ARway Corp., Enhancing AR Navigation Solutions

ARway Corp. has announced a definitive agreement for Nextech3D.ai to acquire all outstanding ARway shares, consolidating ARway back into Nextech’s ecosystem. This acquisition aims to streamline operations, reduce overhead, and accelerate product innovation by integrating ARway’s navigation technology with Map Dynamics’ event management suite. The unified platform is expected to enhance ARway’s commercial adoption in global events and enterprise navigation sectors, with ARway becoming a wholly-owned subsidiary of Nextech3D.ai.

Arway Corp Completes Share Issuance for Past Services

Arway Corporation has announced the completion of its previously planned issuance of 1,483,824 common shares at a price of Cdn$0.10 per share, in exchange for past services. This issuance is subject to a four-month hold period as per Canadian Securities Exchange policies. The announcement highlights the company’s strategic move to manage its equity structure and compensate for past services, potentially impacting its financial positioning and stakeholder interests.

Arway Corp to Issue Shares for Debt Settlement

Arway Corp has announced plans to issue up to 1,483,824 common shares at a price of Cdn$.10 per share to certain service providers as compensation for past services and to settle outstanding debts. This move, pending approval from the Canadian Securities Exchange, is part of the company’s strategy to manage its financial obligations and strengthen its market position, although it carries risks associated with regulatory approvals and market reactions.