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Acceleware
(AXE)
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Rating:39Underperform
Price Target:
C$0.09
▼(-15.00% Downside)
Action:Downgraded
Date:08/05/26
The score is driven primarily by weak financial performance—sharp TTM revenue decline, heavy losses, persistent cash burn, and a high-risk balance sheet with negative equity. Technicals add further pressure with price below all major moving averages and negative MACD, despite oversold readings. Valuation provides limited support due to negative earnings and no dividend data.
Positive Factors
Very high gross margin
Sustained ~98% gross margin reflects a product/service mix with very low direct costs, typical of software/IP licensing and specialized controls. That structural margin provides strong operating leverage potential: if revenue stabilizes or grows, profits can expand rapidly without proportional COGS increases.
Negative Factors
Sharp, volatile revenue decline
A ~44% TTM revenue decline and historical volatility indicate weak or inconsistent market adoption of core offerings. For a company with fixed R&D and SG&A needs, declining top-line undermines scalability and makes it harder to convert high gross margins into sustainable operating profits over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Very high gross margin
Sustained ~98% gross margin reflects a product/service mix with very low direct costs, typical of software/IP licensing and specialized controls. That structural margin provides strong operating leverage potential: if revenue stabilizes or grows, profits can expand rapidly without proportional COGS increases.
Read all positive factors
Acceleware (AXE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.60M
Dividend YieldN/A
Average Volume (3M)21.52K
Price to Earnings (P/E)―
Beta (1Y)-0.31
Revenue Growth-92.81%
EPS Growth-180.82%
CountryCA
Employees13
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
Shares Outstanding143,128,850
10 Day Avg. Volume29,850
30 Day Avg. Volume21,525
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)-1.66
Price to Sales (P/S)13.72
P/FCF Ratio-7.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Acceleware Business Overview & Revenue Model
Company Description
Acceleware Ltd. is a technology company operating in both Canada and the United States, primarily focused on the oil and gas industry. The firm's activities are divided into two core segments: RF Heating and High-Performance Computing. Under its R...
How the Company Makes Money
Acceleware’s monetization is primarily tied to commercializing its electromagnetic heating technology. Revenue, where generated, would typically come from (a) licensing its EM heating intellectual property and related software/controls, (b) engine...
Acceleware Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 404.26K | 719.18K | 5.23M | 279.01K | 328.29K | 752.77K |
| Gross Profit | 378.82K | 687.40K | 5.23M | 279.01K | 309.55K | 711.24K |
| EBITDA | -1.96M | -1.80M | 2.68M | -1.41M | -4.73M | -4.02M |
| Net Income | -2.21M | -1.86M | 2.00M | -2.05M | -5.14M | -4.08M |
Balance Sheet | ||||||
| Total Assets | 122.62K | 351.29K | 340.45K | 1.51M | 2.53M | 5.35M |
| Cash, Cash Equivalents and Short-Term Investments | 42.12K | 247.88K | 271.78K | 951.57K | 1.15M | 1.95M |
| Total Debt | 3.68M | 3.30M | 2.84M | 2.40M | 2.32M | 344.42K |
| Total Liabilities | 6.75M | 6.29M | 5.74M | 9.49M | 9.69M | 9.48M |
| Stockholders Equity | -6.62M | -5.94M | -5.40M | -7.98M | -7.16M | -4.12M |
Cash Flow | ||||||
| Free Cash Flow | -1.36M | -1.25M | -650.45K | -743.26K | -4.58M | -337.86K |
| Operating Cash Flow | -1.36M | -1.25M | -650.45K | -743.26K | -4.58M | -305.03K |
| Investing Cash Flow | 232.46K | 232.46K | 0.00 | 0.00 | 0.00 | -32.84K |
| Financing Cash Flow | 960.81K | 997.29K | -29.35K | 548.36K | 3.78M | 343.36K |
Acceleware Technical Analysis
Negative
0.10
Price Trends
0.11
Negative
0.11
Negative
0.10
Positive
Market Momentum
>-0.01
Positive
39.03
Neutral
29.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AXE, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.03 is Neutral, neither overbought nor oversold. The STOCH value of 29.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AXE.
Acceleware Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$31.69M | 12.49 | 25.28% | ― | 8.75% | 5.82% | |
65 Neutral | C$305.74M | 18.54 | 20.50% | 1.10% | -2.52% | -21.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$43.69M | -26.32 | -59.54% | ― | 301.63% | -164.91% | |
47 Neutral | C$137.34M | -14.91 | -60.80% | ― | 48.65% | 25.20% | |
39 Underperform | C$13.60M | -4.40 | 35.70% | ― | -92.81% | -180.82% |
* General Sector Average
TSE:AXE
Acceleware
0.10
0.02
25.00%
TSE:CMG
Computer Modelling
3.78
-4.00
-51.43%
TSE:CTZ
NamSys
1.14
-0.30
-20.72%
TSE:ONE
01 Communique Laboratory Inc.
0.42
-0.02
-4.55%
TSE:XTRA
Xtract One
0.57
0.17
44.30%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.