Baylin Tech (BYL) AI Stock Analysis

• Market Cap: C$41.98M
• Dividend Yield: N/A
• Average Volume (3M): 69.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 801
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.01
• Shares Outstanding: 152,648,030
• 10 Day Avg. Volume: 46,263
• 30 Day Avg. Volume: 69,982
• PEG Ratio: 0.11
• Price to Book (P/B): -6.91
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 180.23
• 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: 52 Neutral
• Price Target: C$0.31 ▲(18.46% Upside)

Baylin Technologies' overall stock score reflects a challenging financial position with ongoing losses and high leverage. However, positive corporate events and moderate technical indicators provide some optimism. The company's strategic moves, such as the acquisition of Kaelus AB, could enhance future performance, but immediate financial and operational challenges remain significant.

Positive Factors

Cost Control and Expense Reduction

Effective cost control measures indicate management's focus on aligning expenses with revenue, which can enhance profitability and financial stability over time.

Growth in Wireless Infrastructure

Sustained growth in the Wireless Infrastructure segment highlights a strong market position and potential for future revenue expansion in a key business area.

Cash Position and Net Debt Improvement

Improved cash position and reduced net debt enhance financial flexibility, allowing for strategic investments and resilience against market fluctuations.

Negative Factors

Revenue Decline

Significant revenue decline indicates challenges in demand and market conditions, potentially impacting long-term growth and profitability.

High Leverage and Negative Equity

High leverage and negative equity pose financial risks, limiting the company's ability to raise capital and invest in growth opportunities.

Challenges in Embedded and Satcom Lines

Performance issues in key business lines like Embedded and Satcom can hinder overall company growth and require strategic adjustments to regain momentum.

Baylin Tech Business Overview & Revenue Model

Company Description

Baylin 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 Money

Baylin 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 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	78.87M	83.59M	73.04M	120.86M	102.49M	119.74M
Gross Profit	33.57M	34.39M	28.40M	32.91M	15.11M	35.40M
EBITDA	-1.19M	-1.79M	190.00K	-1.52M	-46.28M	-1.29M
Net Income	-3.38M	-7.85M	-13.85M	-16.88M	-67.42M	-16.92M
Balance Sheet
Total Assets	44.24M	49.17M	59.71M	74.38M	93.03M	133.47M
Cash, Cash Equivalents and Short-Term Investments	5.30M	5.01M	4.90M	7.38M	19.67M	11.21M
Total Debt	28.57M	30.68M	28.66M	44.83M	48.76M	58.44M
Total Liabilities	54.10M	57.69M	59.75M	77.64M	81.25M	84.61M
Stockholders Equity	-9.86M	-8.52M	-36.00K	-3.26M	11.78M	48.86M
Cash Flow
Free Cash Flow	4.33M	327.00K	-7.39M	-6.74M	-8.29M	-3.47M
Operating Cash Flow	4.40M	464.00K	-7.08M	-4.98M	-6.88M	3.66M
Investing Cash Flow	-64.00K	-137.00K	-33.00K	-1.74M	-1.41M	-6.98M
Financing Cash Flow	-2.89M	-566.00K	4.85M	-6.59M	16.86M	636.00K

Baylin Tech Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.26
• 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:BYL, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.29, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.91 is Neutral, neither overbought nor oversold. The STOCH value of 3.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BYL.

Baylin Tech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEW	70 Outperform	C$68.75M	98.73	7.70%	―	27.55%	-39.69%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BYL	52 Neutral	C$41.98M	-11.88	―	―	―	―
CMI	46 Neutral	C$35.92M	-36.64	-4.10%	1.52%	-46.11%	-149.26%
IMI	41 Neutral	C$18.13M	-9.21	―	―	37.33%	-7.55%
YFI	35 Underperform	C$10.73M	-4.08	―	―	―	-716.67%

Baylin Tech Corporate Events

Baylin Technologies to Acquire Kaelus AB, Aiming for Global Wireless Leadership

Baylin Technologies has announced a definitive agreement to acquire Kaelus AB for approximately $42 million, aiming to create a global leader in wireless technology. The acquisition is expected to significantly increase Baylin’s revenue and Adjusted EBITDA by 2026, while reducing its debt leverage. This strategic move is anticipated to enhance Baylin’s product offerings, create cross-selling opportunities, and strengthen its balance sheet, with the support of a $10 million equity raise and a new credit facility.

Baylin Technologies Secures $2.5 Million Order for Advanced Body Camera Antennas

Baylin Technologies announced it has received $2.5 million CAD in purchase orders for its custom-designed embedded antennas, which will be integrated into next-generation body armor camera systems for a key customer. These antennas are engineered to enhance connectivity and performance in mission-critical environments for law enforcement and security agencies, reinforcing Baylin’s presence in the public safety, defense, and professional wearable device sectors.

Baylin Technologies Secures $1.5 Million Order for High Power Amplifiers

Baylin Technologies’ subsidiary, Advantech Wireless Technologies, has secured a $1.5 million CAD purchase order from a major South Asian broadcaster for its Summit III Genesis high power amplifiers. This order highlights Advantech’s strong positioning in the high power applications market, particularly for satellite connectivity, and underscores the growing demand for their innovative technology.

Baylin Technologies Reports Q3 2025 Financial Results with Continued Positive EBITDA

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.

Baylin Technologies Completes Court-Ordered Payment via Private Placement

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.

Baylin Technologies Secures Major U.S. Defense Contract for Advanced Amplifiers

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.