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Baylin Tech (TSE:BYL)
TSX:BYL
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Baylin Tech (BYL) AI Stock Analysis

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TSE:BYL

Baylin Tech

(TSX:BYL)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
C$0.50
▲(78.57% Upside)
Baylin Technologies' overall stock score reflects significant financial challenges, including ongoing losses and high leverage. While there are positive aspects such as cash flow management and growth in the Wireless Infrastructure segment, the negative valuation metrics and mixed technical indicators highlight the need for caution. The company's ability to maintain gross margins and reduce costs is a positive, but revenue declines and operational inefficiencies remain key concerns.

Baylin Tech (BYL) vs. iShares MSCI Canada ETF (EWC)

Baylin Tech Business Overview & Revenue Model

Company DescriptionBaylin Technologies Inc., together with its subsidiaries, researches, designs, develops, manufactures, and sells passive and active radio frequency (RF) products, satellite communications products, and supporting services. It offers embedded antennas for use in smartphones, tablets, and other mobile devices; device-specific antennas for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products; and indoor and outdoor distributed antenna systems (DAS), small cell system antennas, and base station antennas (BSA) for original equipment manufacturer, DAS, BSA, and small cell markets. The company also provides RF components, including GaN-based power amplifiers, gallium arsenide-based power amplifiers, indoor and outdoor frequency converters, and transceivers; microwave components comprising point-to-point microwave radios and network management software; fixed and mobile antennas, and antenna controllers for customers in the broadcast, maritime and cruise ships, government and military, homeland security, direct-to-home satellite, oil and gas, and wireless communications verticals. In addition, it offers RF and microwave solid state power amplifiers; and pulsed amplifiers for radar applications, and transmitter and transceiver products, as well as RF passive components and systems. The company offers its products under the Galtronics, Advantech Wireless, Alga Microwave, and Mitec VSAT brands. It operates in the United States, Vietnam, China, India, Thailand, South Korea, Canada, Sweden, Indonesia, Hungary, Taiwan, Philippines, Portugal, Romania, Japan, Brazil, Israel, Singapore, Australia, France, Germany, Russia, and internationally. The company was founded in 1978 and is headquartered in Toronto, Canada.
How the Company Makes MoneyBaylin Tech generates revenue through multiple streams, primarily by selling its antenna and communication technology products to customers in the telecommunications industry. Key revenue sources include the direct sales of RF antennas and subsystems, as well as licensing agreements that allow other companies to utilize its proprietary technologies. Additionally, the company may engage in strategic partnerships with telecom operators and equipment manufacturers, enhancing its product offerings and expanding its market reach. Factors contributing to its earnings include the increasing demand for wireless communication infrastructure, growth in mobile data usage, and advancements in IoT technologies, which drive the need for sophisticated antenna solutions.

Baylin Tech Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 05, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a mixed sentiment. While the company showcased strong operational execution with maintained gross margins and reduced costs, it faced significant revenue declines and challenges in certain business lines. The Wireless Infrastructure segment provided some positive outlook with continued growth, yet the embedded and Satcom lines experienced setbacks.
Q3-2025 Updates
Positive Updates
Strong Gross Margin Maintenance
Despite a challenging environment, Baylin Technologies maintained a gross margin of 43.4%, reflecting disciplined operational execution.
Cost Control and Expense Reduction
Operating expenses were reduced from $9.1 million in Q3 2024 to $7.6 million in Q3 2025, demonstrating focus on cost alignment with revenue levels.
Cash Position and Net Debt Improvement
The company ended the quarter with $5.3 million in cash and cash equivalents, up from $3.7 million in Q3 2024. Net debt decreased by 20% from the prior year-end figure of $14.3 million to $11.4 million.
Growth in Wireless Infrastructure
The Wireless Infrastructure business line continued strong year-over-year growth, with anticipated performance to exceed 2024 results.
Positive Developments in the Satcom Segment
New technology in the satellite segment led to quicker production times, exemplified by a 60-day turnaround for Genesis amplifiers.
Negative Updates
Revenue Decline
Total revenue for Q3 2025 was $16.8 million, representing a 19% decline compared to the same period last year due to lower demand and customer order pushouts.
Operating Loss
The quarter resulted in an operating loss of $0.3 million compared to a $0.4 million profit in Q3 2024.
Challenges in Embedded and Satcom Lines
The embedded line faced softness due to program pushouts and the Satcom business experienced lower order flow, impacting overall performance.
Company Guidance
During the Baylin Technologies third-quarter 2025 financial results conference call, the company reported several key financial metrics and provided guidance amidst challenging market conditions. The quarter's revenue stood at $16.8 million, reflecting a 19% year-over-year decline, primarily due to reduced demand and customer order pushouts in the embedded and Satcom business lines. Despite this, Baylin maintained a gross margin of 43.4% and achieved an adjusted EBITDA of $0.6 million, only slightly lower than the previous year. Operating expenses were reduced from $9.1 million in Q3 2024 to $7.6 million, thanks to cost control measures. The company also reported a net loss of $1.1 million, an improvement from the $1.4 million net loss in the same period last year, supported by lower finance expenses. Cash and cash equivalents increased to $5.3 million from $3.7 million in Q3 2024. Looking forward, Baylin anticipates similar results in the fourth quarter, with a focus on cost discipline, revenue growth, and margin enhancement, particularly in the Wireless Infrastructure segment, which showed strong year-over-year growth despite industry challenges. The company remains optimistic about future growth, expecting increased sales volumes in 2026 and beyond, driven by strategic investments and new technological advancements.

Baylin Tech Financial Statement Overview

Summary
Baylin Tech faces significant financial challenges, with ongoing losses and high leverage. While there are some positive signs in cash flow management and revenue growth, the company must address operational inefficiencies and improve its balance sheet health to achieve financial stability and growth.
Income Statement
45
Neutral
Baylin Tech's income statement shows a mixed performance. The company has a positive gross profit margin, indicating some efficiency in production, but the net profit margin is negative, reflecting ongoing losses. Revenue growth is volatile, with a significant increase in the TTM period after a decline in previous years. However, negative EBIT and EBITDA margins suggest operational inefficiencies and challenges in achieving profitability.
Balance Sheet
30
Negative
The balance sheet reveals financial instability, with a negative stockholders' equity and a high debt-to-equity ratio, indicating excessive leverage. The return on equity is positive in the TTM period, but this is due to negative equity, which is not a sustainable position. The equity ratio is also negative, highlighting potential solvency issues.
Cash Flow
50
Neutral
Cash flow analysis shows some improvement with positive free cash flow growth and a high free cash flow to net income ratio, indicating better cash management. However, the operating cash flow to net income ratio remains low, suggesting challenges in converting income into cash. The company needs to focus on improving operational cash flows to ensure long-term sustainability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue82.82M83.59M73.04M120.86M102.49M119.74M
Gross Profit35.84M34.39M28.40M32.91M15.11M35.40M
EBITDA-860.00K-1.79M229.00K-1.52M-46.28M-1.29M
Net Income-4.55M-7.85M-13.85M-16.88M-67.42M-16.92M
Balance Sheet
Total Assets44.82M49.17M59.71M74.38M93.03M133.47M
Cash, Cash Equivalents and Short-Term Investments4.29M5.01M4.90M7.38M19.67M11.21M
Total Debt29.27M30.68M28.66M44.83M48.76M58.44M
Total Liabilities53.46M57.69M59.75M77.64M81.25M84.61M
Stockholders Equity-8.63M-8.52M-36.00K-3.26M11.78M48.86M
Cash Flow
Free Cash Flow6.03M327.00K-7.39M-6.74M-8.29M-3.47M
Operating Cash Flow6.13M464.00K-7.08M-4.98M-6.88M3.66M
Investing Cash Flow-98.00K-137.00K-33.00K-1.74M-1.41M-6.98M
Financing Cash Flow-4.52M-566.00K4.85M-6.59M16.86M636.00K

Baylin Tech Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.28
Price Trends
50DMA
0.30
Negative
100DMA
0.29
Negative
200DMA
0.29
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
42.80
Neutral
STOCH
48.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYL, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.30, and below the 200-day MA of 0.29, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.80 is Neutral, neither overbought nor oversold. The STOCH value of 48.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BYL.

Baylin Tech Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
C$75.00M123.086.61%37.78%-48.82%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
48
Neutral
C$47.32M-10.30
46
Neutral
C$38.88M-4.10%5.43%-46.11%-149.26%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BYL
Baylin Tech
0.28
-0.17
-37.78%
TSE:BEW
BeWhere Holdings
0.80
-0.06
-6.98%
TSE:CMI
C-Com Satellite Systems
0.90
-0.28
-23.73%
TSE:NUR
Nuran Wireless
0.02
-0.08
-80.00%

Baylin Tech Corporate Events

Business Operations and StrategyFinancial Disclosures
Baylin Technologies Reports Q3 2025 Financial Results with Continued Positive EBITDA
Neutral
Nov 5, 2025

Baylin Technologies reported financial results for Q3 2025, showing a revenue decline to $16.8 million due to reduced demand in embedded antenna and satellite communications, partially offset by growth in wireless infrastructure. Despite a net loss of $1.1 million, Baylin reduced its net debt by $2.9 million and maintained positive adjusted EBITDA for the seventh consecutive quarter, reflecting effective cost management and operational efficiency.

The most recent analyst rating on (TSE:BYL) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Baylin Tech stock, see the TSE:BYL Stock Forecast page.

Legal ProceedingsPrivate Placements and Financing
Baylin Technologies Completes Court-Ordered Payment via Private Placement
Neutral
Sep 29, 2025

Baylin Technologies has satisfied a court order by remitting approximately $2,250,000 to an escrow agent related to its acquisition of Advantech Wireless. This payment was facilitated through a private placement involving the issuance of Series B Preferred Shares to its controlling shareholder, providing the company with the necessary funds and potentially impacting its financial operations and shareholder dynamics.

The most recent analyst rating on (TSE:BYL) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Baylin Tech stock, see the TSE:BYL Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Baylin Technologies Secures Major U.S. Defense Contract for Advanced Amplifiers
Positive
Sep 16, 2025

Baylin Technologies’ subsidiary, Advantech Wireless Technologies, has secured a $665,000 CAD purchase order from a U.S. federal contractor for its advanced GaN solid state power amplifiers, which will be used in the U.S. Department of Defense battlefield terminals. This order highlights the reliability and quality of Baylin’s technology and aligns with the company’s strategy to enhance its product features and operational efficiency, potentially improving its competitive position and margins.

The most recent analyst rating on (TSE:BYL) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Baylin Tech stock, see the TSE:BYL Stock Forecast page.

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.Date of analysis: Nov 07, 2025