CleanGo Innovations (CGII) AI Stock Analysis

• Market Cap: C$2.93M
• Dividend Yield: N/A
• Average Volume (3M): 814.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: -25.05%
• EPS Growth: -19.86%
• Country: CA
• Employees: 3
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): -0.12
• Shares Outstanding: 7,314,656
• 10 Day Avg. Volume: 1,753
• 30 Day Avg. Volume: 814
• PEG Ratio: 0.17
• Price to Book (P/B): -1.80
• Price to Sales (P/S): 10.30
• P/FCF Ratio: -6.03
• 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: 46 Neutral
• Price Target: C$0.39 ▼(-12.89% Downside)

The score is held down primarily by weak financial performance (shrinking revenue, very large losses, negative equity, and continued cash burn). Technicals also remain bearish with the stock below key moving averages and negative MACD, despite near-oversold readings. Corporate events provide some upside optionality, but are not yet enough to offset the financial and trend risks.

Positive Factors

Improved Gross Margin

A shift to ~29% gross margin materially improves unit economics versus deeply negative prior years. This improvement is a durable lever: if sustained, it reduces the revenue threshold needed for breakeven and gives management more runway to address fixed costs and scale profitably.

Reduced Cash Burn

Operating and free cash flow remain negative but have meaningfully improved versus 2024, shrinking runway pressure. A persistent reduction in cash burn increases the probability the company can stabilize operations or bridge to profitable growth without immediate large capital raises.

Strategic Corporate Developments

New product, JV into remediation, acquisition LOI and a CAD 300k placement represent structural diversification and funding. If executed, these moves can reweight revenue mix, open adjacent markets and provide catalytic operational scale beyond one-off benefits.

Negative Factors

Revenue Decline

Top-line contraction of ~14.5% TTM indicates persistent demand or execution issues. Falling revenue reduces scale, weakens leverage on fixed costs, and makes margin recovery harder; continued decline threatens ability to convert improved unit economics into profitability.

Structural Unprofitability

Extremely negative net margins (~-890% TTM) show operating costs far exceed gross profit. Even with better gross margins, persistent oversized operating expense structure will require sustained revenue growth or deep cost cuts to achieve durable profitability; otherwise cash needs continue.

Weak Balance Sheet / Negative Equity

Negative equity and shrinking assets signal accumulated deficits and limited financial cushion. This restricts flexibility to fund operations internally, increases reliance on external capital, and elevates refinancing and solvency risk over the medium term, risking dilution or restructuring.

CleanGo Innovations Business Overview & Revenue Model

Company Description

CleanGo Innovations Inc. manufactures and sells non-toxic, biodegradable cleaning, disinfecting, and industrial solutions. It offers industrial, fabrics and carpets, and total purpose cleaners; hand sanitizers; and sanitary wipes under the CleanGo GreenGo brand. CleanGo Innovations Inc. is headquartered in Calgary, Canada.

How the Company Makes Money

CleanGo Innovations generates revenue primarily through the sale of its eco-friendly cleaning products. These products are distributed through various retail and online channels, allowing the company to reach a broad customer base. Key revenue streams include direct sales to consumers, partnerships with retailers, and bulk orders from corporate clients seeking sustainable cleaning solutions. The company may also engage in strategic partnerships with other eco-conscious brands or distributors to expand its market presence and enhance its product offerings.

CleanGo Innovations Financial Statement Overview

Summary

Financials remain very weak: revenue is down ~14.5% TTM and losses widened sharply with extremely negative net margins, while shareholder equity is consistently negative. Positives include a large gross margin improvement (~29% TTM) and reduced cash burn versus 2024, but operating cash flow and free cash flow are still negative.

Income Statement

The business remains structurally unprofitable. TTM (Trailing-Twelve-Months) revenue declined about 14.5% versus the prior annual period, while losses widened materially (net margin fell to roughly -890% in TTM vs. about -464% in 2024). A key positive is that gross margin has improved dramatically versus earlier years (deeply negative in 2022 to ~29% in TTM), suggesting better unit economics; however, operating costs still overwhelm gross profit, driving very large operating and net losses.

Balance Sheet

Balance-sheet quality is weak, primarily due to consistently negative shareholder equity across all periods (including ~-0.8M in TTM), which signals accumulated deficits and reduces financial flexibility. Total debt is moderate in absolute terms (about 0.35M in TTM, down from ~0.63M in 2023–2024), but with negative equity the capital structure remains strained and leverage indicators are not economically reassuring. Total assets have also trended down from 2023 levels, limiting the cushion available to absorb ongoing losses.

Cash Flow

Cash generation remains negative, with TTM (Trailing-Twelve-Months) operating cash flow around -0.10M and free cash flow around -0.13M, indicating continued cash burn. The positive development is a meaningful improvement in cash burn versus 2024 (free cash flow less negative), and cash outflows are far smaller than in 2020–2021; however, the company is still not funding itself internally, and ongoing losses are not being offset by positive operating cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	178.73K	209.04K	222.05K	113.89K	146.76K	190.35K
Gross Profit	51.31K	88.11K	91.90K	-115.19K	18.34K	6.18K
EBITDA	-1.35M	-643.35K	-480.76K	-1.59M	-6.90M	-587.08K
Net Income	-1.59M	-970.02K	-738.66K	-1.68M	-6.95M	-622.85K
Balance Sheet
Total Assets	321.94K	366.46K	842.35K	592.43K	1.12M	600.38K
Cash, Cash Equivalents and Short-Term Investments	156.94K	101.33K	296.73K	14.11K	295.75K	212.05K
Total Debt	349.35K	627.08K	633.26K	372.61K	51.03K	920.49K
Total Liabilities	1.19M	1.56M	1.26M	1.50M	1.48M	1.72M
Stockholders Equity	-808.22K	-1.20M	-412.95K	-1.20M	-364.10K	-1.12M
Cash Flow
Free Cash Flow	-125.97K	-357.39K	-256.76K	-216.05K	-1.21M	-1.18M
Operating Cash Flow	-101.87K	-357.39K	-256.76K	-216.05K	-1.20M	-1.09M
Investing Cash Flow	-24.10K	0.00	0.00	0.00	923.92K	-86.75K
Financing Cash Flow	242.19K	179.71K	537.71K	-64.82K	357.62K	1.38M

CleanGo Innovations Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CGII, the sentiment is Negative. The current price of 0.45 is above the 20-day moving average (MA) of 0.44, below the 50-day MA of 0.52, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 31.07 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CGII.

CleanGo Innovations Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JWEL	68 Neutral	C$1.47B	23.43	13.44%	2.67%	11.25%	58.21%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KPT	62 Neutral	C$102.16M	26.24	5.55%	7.04%	―	-39.19%
CGII	46 Neutral	C$2.93M	-1.56	―	―	-25.05%	-19.86%
URAI	39 Underperform	C$42.61M	-15.14	-179.43%	―	―	-391.89%

CleanGo Innovations Corporate Events

CleanGo Innovations Taps Cyprus Hub to Launch CleanGo Marine Division

CleanGo Innovations Inc., a global provider of proprietary, non-toxic green technology solutions for multiple industries, is expanding its reach into the maritime sector with eco-certified cleaning and protection products aimed at helping clients meet tightening environmental and ESG standards. The company has signed an exclusive agency agreement with WSR Services LTD in Cyprus to spearhead the global launch and Mediterranean expansion of its new CleanGo Marine division, centered on CG-M100, a Green Seal certified, MARPOL-compliant dispersant for vessel and tanker cleaning. Leveraging Cyprus as a strategic hub for ship management and targeting ship repair and conversion markets, the partnership is expected to open high-level access to European and Middle Eastern shipping corridors, while CleanGo also explores a low-cost manufacturing and distribution base in Athens. The move positions CleanGo more firmly in the marine and shipping protection space and underscores rising demand for non-toxic, regulatory-compliant solutions among regional stakeholders and global ship owners.

The most recent analyst rating on (TSE:CGII) stock is a Sell with a C$0.38 price target. To see the full list of analyst forecasts on CleanGo Innovations stock, see the TSE:CGII Stock Forecast page.

CleanGo Innovations Enters South America with First CG-100 Shipment to Argentina

CleanGo Innovations Inc. has secured approval from its long-established Argentinian partner Indioquímica S.A. for the first shipment of 6,000 liters of its CG-100 industrial cleaner, marking the company’s official entry into the South American market. The deployment of CG-100, a non-toxic, biodegradable alternative to hazardous caustic chemicals in oil and gas production, anchors CleanGo’s push into one of the region’s key industrial hubs and positions the firm to tap rising demand for high-performance, ESG-compliant solutions in heavy industry and energy, with plans to expand into ports, shipping fleets and broader industrial applications over time.

The most recent analyst rating on (TSE:CGII) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on CleanGo Innovations stock, see the TSE:CGII Stock Forecast page.

CleanGo Innovations Launches MycoSet Globally, Targets Saudi and GCC Oilfield Remediation Market

CleanGo Innovations has launched its MycoSet oilfield remediation technology globally, positioning its Saudi Arabian subsidiary, CleanGo Arabia, at the center of expansion into Saudi Arabia and the wider Gulf Cooperation Council markets. The MycoSet suite, which includes the BioIngress biostimulant and PhytoCentra surfactant, is engineered to work in extreme arid and hypersaline environments and offers in‑situ hydrocarbon cleanup that the company says can outperform traditional mechanical and thermal methods while cutting logistics costs by up to 60% and water use by 85%. By emphasizing biological restoration of contaminated soils and aligning with regional partners such as Sanad Industrial Co., CleanGo aims to tap into tightening environmental regulations, support Saudi Vision 2030 objectives and establish a cost‑effective, nature‑based remediation standard for some of the world’s largest energy operators, potentially strengthening its competitive position in the global oilfield services and green technologies markets.

The most recent analyst rating on (TSE:CGII) stock is a Hold with a C$0.49 price target. To see the full list of analyst forecasts on CleanGo Innovations stock, see the TSE:CGII Stock Forecast page.

CleanGo Innovations Expands into Global Health with Acquisition of Freia Farmaceutici

CleanGo Innovations Inc., through its subsidiary Kubera Black Technology, has entered a non-binding Letter of Intent to acquire Milan-based Freia Farmaceutici Srl, a European leader in plant-based therapeutics. This strategic move allows CleanGo to expand its reach into the global health sector, leveraging Freia’s expertise in vegetable omega-based medical devices, nutritional supplements, and innovative therapeutic solutions. The acquisition will grant Freia access to North American markets while providing CleanGo with diversified industry positioning and potential revenue growth opportunities.

CleanGo Innovations Secures CAD 300,000 Through Private Placement

CleanGo Innovations Inc. has announced a private placement to raise CAD 300,000 by issuing 500,000 units at CAD 0.60 each. This funding initiative involves both existing and new investors and is subject to regulatory and stock exchange approvals. The move is expected to bolster CleanGo’s financial position and support its mission to innovate in the green cleaning industry, potentially enhancing its market presence and stakeholder value.