Baylin Tech (TSE:BYL)
TSX:BYL
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Baylin Tech
(TSX:BYL)
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Rating:45Neutral
Price Target:
C$0.29
▲(10.77% Upside)
Action:Reiterated
Date:05/17/26
The score is weighed down primarily by financial risk: negative shareholders’ equity, continued losses, and a return to negative operating/free cash flow. Technicals are broadly neutral with slight weakness versus longer-term averages, while valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Material gross margin improvement
A sustained gross margin above 40% indicates stronger product mix, pricing power, or manufacturing efficiency. This structural margin expansion improves the runway to durable operating profitability by insulating EBITDA from moderate top-line swings and supporting reinvestment.
Negative Factors
Negative shareholders’ equity
Negative equity is a persistent structural weakness that constrains financing options and increases refinancing and dilution risk. It reduces financial flexibility for working-capital needs, strategic investments, and prolongs reliance on external capital during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Material gross margin improvement
A sustained gross margin above 40% indicates stronger product mix, pricing power, or manufacturing efficiency. This structural margin expansion improves the runway to durable operating profitability by insulating EBITDA from moderate top-line swings and supporting reinvestment.
Read all positive factors
Baylin Tech (BYL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$39.69M
Dividend YieldN/A
Average Volume (3M)69.98K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-10.80%
EPS Growth31.36%
CountryCA
Employees801
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.03
Shares Outstanding152,648,030
10 Day Avg. Volume46,263
30 Day Avg. Volume69,982
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)-3.40
Price to Sales (P/S)0.52
P/FCF Ratio130.55
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)0.01
Revenue Forecast (FY)C$80.70M
Baylin Tech Business Overview & Revenue Model
Company Description
Baylin Technologies Inc., a Toronto, Canada-based company established in 1978, is a comprehensive developer, manufacturer, and seller of advanced radio frequency (RF) and satellite communication products, along with related support services. The c...
How the Company Makes Money
Baylin Tech makes money primarily by selling wireless antenna and RF connectivity products and related solutions to customers that deploy or manufacture wireless networks and equipment. Key revenue streams include: (1) Product sales of antennas an...
Baylin Tech Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 12, 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.Positive Updates
Strong Gross Margin Maintenance
Despite a challenging environment, Baylin Technologies maintained a gross margin of 43.4%, reflecting disciplined operational execution.
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.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Gross Margin Maintenance
Despite a challenging environment, Baylin Technologies maintained a gross margin of 43.4%, reflecting disciplined operational execution.
Read all positive updates
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
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.50M | 76.31M | 83.59M | 73.04M | 120.86M | 102.49M |
| Gross Profit | 32.67M | 33.49M | 34.39M | 28.40M | 32.91M | 15.11M |
| EBITDA | 1.06M | 1.19M | -1.79M | 190.00K | -1.52M | -46.28M |
| Net Income | -4.95M | -4.67M | -7.85M | -13.85M | -16.88M | -67.42M |
Balance Sheet | ||||||
| Total Assets | 46.57M | 45.38M | 49.17M | 59.71M | 74.38M | 93.03M |
| Cash, Cash Equivalents and Short-Term Investments | 13.61M | 12.56M | 5.01M | 4.90M | 7.38M | 19.67M |
| Total Debt | 23.44M | 22.32M | 30.68M | 28.66M | 44.83M | 48.76M |
| Total Liabilities | 59.92M | 57.03M | 57.69M | 59.75M | 77.64M | 81.25M |
| Stockholders Equity | -13.35M | -11.65M | -8.52M | -36.00K | -3.26M | 11.78M |
Cash Flow | ||||||
| Free Cash Flow | -1.85M | 303.00K | 327.00K | -7.39M | -6.74M | -8.29M |
| Operating Cash Flow | -1.76M | 360.00K | 464.00K | -7.08M | -4.98M | -6.88M |
| Investing Cash Flow | -88.00K | -57.00K | -137.00K | -33.00K | -1.74M | -1.41M |
| Financing Cash Flow | 9.55M | 7.36M | -566.00K | 4.85M | -6.59M | 16.86M |
Baylin Tech Technical Analysis
Negative
0.26
Price Trends
0.26
Negative
0.27
Negative
0.28
Negative
Market Momentum
<0.01
Negative
46.70
Neutral
36.67
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 0.26 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.26, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 46.70 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$76.72M | 44.08 | 15.83% | ― | 20.27% | 182.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | C$40.99M | -100.57 | -4.10% | 1.52% | -26.68% | -92.00% | |
47 Neutral | C$17.27M | -18.46 | ― | ― | 37.33% | -7.55% | |
45 Neutral | C$39.69M | -8.02 | ― | ― | -10.80% | 31.36% | |
41 Neutral | C$11.96M | -6.16 | ― | ― | ― | -164.52% |
* Technology Sector Average
TSE:BYL
Baylin Tech
0.26
0.03
13.04%
TSE:BEW
BeWhere Holdings
0.79
0.03
3.95%
TSE:CMI
C-Com Satellite Systems
0.97
-0.06
-5.83%
TSE:IMI
Lite Access Technologies
0.10
0.03
33.33%
TSE:NUR
Nuran Wireless
5.30
-20.20
-79.22%
TSE:YFI
Edgewater Wireless Systems
0.05
0.00
0.00%
Baylin Tech Corporate Events
Business Operations and StrategyProduct-Related Announcements
Baylin’s Advantech Unit Powers NASA Artemis II Deep Space Communications
Positive
Apr 13, 2026
Baylin Technologies, via its Advantech Wireless Technologies subsidiary, supplied high-power X-band and L/S-band amplifier systems that underpinned critical communication links between NASA’s Orion spacecraft and Earth during the Artemis II ...
Business Operations and StrategyLegal Proceedings
Baylin Technologies Ends SpaceBridge Dispute With Cash-Back Settlement
Positive
Apr 10, 2026
Baylin Technologies, a global provider of radio-frequency and satellite communications products, focuses on research, design, manufacturing and sales across wireless technologies while offering related support services. The company positions itsel...
Business Operations and Strategy
Baylin Wins $1.8 Million RF Amplifier Order for U.S. Space Force Programs
Positive
Mar 27, 2026
Baylin Technologies’ Advantech Wireless subsidiary has secured an order worth more than $1.8 million CAD from a major government defense systems integrator for high-power L- and S-band solid state power amplifiers, which will support command...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Baylin Narrows Loss and Lifts Margins as Wireless Infrastructure Offsets Satcom Slowdown
Positive
Mar 26, 2026
Baylin reported fiscal 2025 revenue of $76.3 million, down from 2024 due to weaker demand in its Embedded Antenna and Satcom units, but offset by strong growth in Wireless Infrastructure. Profitability metrics improved, with gross margin rising to...
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.