Arway Corp. (ARWY) AI Stock Analysis

• Market Cap: C$2.42M
• Dividend Yield: N/A
• Average Volume (3M): 14.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• 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: 44 Neutral
• Price Target: C$0.06 ▼(-21.25% Downside)

The score is primarily held down by weak financial quality (ongoing losses, negative equity, and only a small recent improvement in cash flow) and bearish technical positioning (below key moving averages with subdued momentum). Valuation is neutral due to missing P/E and dividend yield data.

Positive Factors

Revenue acceleration & high gross profit

A sharp revenue acceleration paired with very high gross profit suggests strong unit economics and increasing product-market fit. Over a multi-quarter horizon this supports scalable margins if operating expenses are controlled, enabling investment in sales and product to sustain growth.

No reported debt on balance sheet

Absence of reported debt reduces financial leverage risk and preserves flexibility to fund operations via equity or strategic partnerships. This structural conservatism lowers near-term solvency pressure and gives the company room to invest in product and go-to-market during scaling phases.

AR navigation & mapping enterprise focus

A clear focus on AR wayfinding and location-based enterprise solutions aligns with long-term structural trends (digital venue experiences, indoor mapping). Enterprise use cases can generate recurring contracts and integrations, supporting stickiness and long-term TAM expansion if execution continues.

Negative Factors

Persistent negative shareholders' equity

Negative equity reflects accumulated losses and a thin capital cushion, raising structural financing and dilution risk. Over months this constrains options for organic growth, makes future fundraising likelier, and weakens resilience to downturns or execution setbacks.

Ongoing operating and net losses

Sizable operating and net losses despite revenue gains indicate the business has not yet converted top-line growth into sustainable profits. Persisting losses create ongoing funding needs, limit free cash generation, and require sustained execution to prove durable path to profitability.

Volatile cash generation; small recent improvement

Cash flow volatility with only a modest recent inflection means self-funding is unproven. If operating cash remains small relative to losses, the company will likely need external capital for growth, pressuring dilution and possibly delaying investments in product and sales that are critical for long-term scale.

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

Strong revenue acceleration and very high gross profit indicate improving business momentum, but the company remains unprofitable with sizable operating/net losses. Balance-sheet risk is elevated due to persistent negative shareholders’ equity despite no reported debt, and cash flow only recently turned slightly positive with durability unproven.

Income Statement

Revenue has accelerated sharply in the latest annual period (2025 revenue up materially versus 2024), and gross profit is very high, suggesting strong unit economics. However, profitability remains weak: the company is still reporting sizable operating losses and net losses across all shown years, with negative net margins despite the revenue ramp. Overall, the trajectory on sales is improving, but the business has not yet demonstrated sustainable earnings power.

Balance Sheet

The balance sheet shows no reported debt in recent years, which reduces financial leverage risk. The key weakness is persistent negative shareholders’ equity in the latest two annual reports (2024 and 2025), indicating accumulated losses and a thin capital cushion. Assets have increased versus 2024, but negative equity remains a major constraint and raises financing and dilution risk.

Cash Flow

Cash generation has been volatile: operating and free cash flow were meaningfully negative in 2023–2024, then turned slightly positive in 2025. Despite that improvement, operating cash flow is still very small relative to the scale of losses in the latest period, implying limited near-term ability to self-fund operations. The recent inflection is a positive signal, but durability is unproven.

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARWY, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.45 is Neutral, neither overbought nor oversold. The STOCH value of -1.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
RW	57 Neutral	C$18.37M	73.77	446.71%	―	15.42%	―
ARWY	44 Neutral	C$2.42M	―	―	―	―	―
ZONE	43 Neutral	C$4.21M	-6.52	―	―	-20.69%	-43.75%
NTAR	41 Neutral	C$35.46M	-6.28	―	―	-59.22%	83.08%

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.