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Covalon Technologies
(COV)
Covalon Technologies (COV) vs. iShares MSCI Canada ETF (EWC)
Covalon Technologies Business Overview & Revenue Model
Covalon Technologies Earnings Call Summary
Covalon Technologies Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 34.67M | 31.17M | 26.60M | 18.15M | 19.56M | 25.80M | Gross Profit |
| 20.89M | 18.93M | 14.36M | 7.49M | 9.70M | 12.49M | EBIT |
| 4.27M | 2.15M | -4.49M | -9.14M | 838.34K | -6.09M | EBITDA |
| 5.98M | 3.14M | -3.49M | -8.11M | 1.54M | -6.63M | Net Income Common Stockholders |
| 4.73M | 2.67M | -4.46M | -9.66M | 23.48M | -6.95M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 17.50M | 16.75M | 8.79M | 14.06M | 22.95M | 3.51M | Total Assets |
| 34.82M | 31.81M | 24.90M | 30.38M | 40.58M | 34.70M | Total Debt |
| 784.67K | 901.67K | 1.56M | 2.17M | 2.59M | 20.90M | Net Debt |
| -16.71M | -15.85M | -7.23M | -11.89M | -20.36M | 17.40M | Total Liabilities |
| 4.17M | 4.30M | 6.11M | 6.15M | 7.21M | 25.59M | Stockholders Equity |
| 30.65M | 27.50M | 18.79M | 24.23M | 33.37M | 9.11M |
| Cash Flow | Free Cash Flow | ||||
| 2.99M | 3.06M | -4.50M | -9.08M | 443.71K | -4.40M | Operating Cash Flow |
| 3.50M | 3.47M | -3.18M | -7.99M | 621.37K | -4.03M | Investing Cash Flow |
| -384.12K | -281.63K | -81.02K | -843.02K | -278.53K | -370.41K | Financing Cash Flow |
| 5.01M | 4.97M | -2.16M | -2.19M | -8.25M | -1.75M |
Covalon Technologies Technical Analysis
Covalon Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$64.43M | 16.70 | 14.51% | ― | 28.97% | ― | |
62 Neutral | $11.93B | 10.60 | -7.51% | 3.00% | 7.40% | -8.09% | |
| $37.04M | ― | -211.24% | ― | ― | ― | ||
68 Neutral | C$42.24M | 25.86 | 5.32% | ― | -4.67% | -60.94% | |
46 Neutral | C$60.66M | ― | ― | -32.14% | -52.38% | ||
33 Underperform | C$54.20M | ― | 248.46% | ― | ― | 32.71% | |
33 Underperform | C$68.96M | ― | 685.26% | ― | ― | -50.29% |
Covalon Technologies Corporate Events
Covalon Technologies Ltd. reported a strong fiscal second quarter for 2025, marking its fifth consecutive quarter of positive earnings. The company achieved a 21% increase in year-to-date revenue and a 57% rise in adjusted EBITDA. Key achievements include a major distribution agreement with Paul Hartmann USA and significant growth in its U.S. Vascular Access and Surgical Consumables sales channel, which saw a 46% increase year-to-date. Covalon’s strategic focus on market development and its North American-centric manufacturing strategy have positioned it well in the current global trade environment, with no tariff-related costs. The company is also exploring merger and acquisition opportunities to further enhance shareholder value.
Covalon Technologies Ltd. has announced promising results from a clinical study of its VALGuard® Vascular Access Line Guard, aimed at reducing Central Line-Associated Blood Stream Infections. The study’s findings will be presented at two prestigious scientific meetings and are advancing towards publication in an academic journal, highlighting the product’s potential impact on infection prevention in healthcare settings.
Covalon Technologies Ltd. has announced promising results from a clinical study on its VALGuard® Vascular Access Line Guard, which will be presented at two prestigious scientific meetings and is advancing towards publication in an academic journal. The study highlights VALGuard®’s effectiveness in reducing Central Line-Associated Blood Stream Infections, a significant concern in healthcare, and underscores its adoption by major hospitals in the United States as part of infection prevention programs. This development could enhance Covalon’s industry positioning and impact patient care positively.
Covalon Technologies Ltd. announced it will release its second quarter fiscal 2025 financial results on May 28, 2025, followed by a conference call and webcast to discuss the results. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.
Covalon Technologies has engaged Origin Merchant Partners to explore strategic opportunities aimed at enhancing shareholder value, including potential joint ventures, partnerships, and a NASDAQ listing. The company aims to accelerate product adoption and unlock inherent value, citing significant growth in its Advanced Wound Care and Vascular Access segments in the U.S. market.
Covalon Technologies Ltd. has announced the promotion of Kim Crooks to Chief Operating Officer and her appointment to the Board of Directors. This move is expected to strengthen the company’s leadership, as Crooks has been pivotal in enhancing operational efficiency since rejoining the company. Her promotion and board appointment are anticipated to align Covalon’s operations with its strategic objectives, potentially impacting its market positioning positively.
Covalon Technologies Ltd. announced its participation in the 2025 Bloom Burton & Co. Healthcare Investor Conference, where CEO Brent Ashton will present the company’s mission to prevent complications and save lives in healthcare through innovative technologies. The presentation will highlight Covalon’s strong financial position and key growth drivers, emphasizing the company’s focus on delivering compassionate care solutions that improve patient outcomes and drive long-term value for stakeholders.
Covalon Technologies Ltd. announced its participation in the Planet MicroCap Showcase: VEGAS 2025, highlighting its position as an undervalued, cash-rich, and profitable healthcare company in the microcap sector. The company, recognized as a top-performing organization, aims to attract US and international investors by showcasing its significant growth opportunities in the healthcare sector, driven by its advanced wound care and surgical products that address preventable complications, thereby improving patient outcomes and reducing unnecessary treatments.
Covalon Technologies Ltd. has announced a favorable outcome from recent U.S. tariff decisions, as its Canadian-manufactured products are exempt from tariffs under the USMCA guidelines. This exemption allows Covalon to maintain competitive pricing and uninterrupted access to the U.S. market, positioning the company advantageously against competitors who face significant tariffs. As the largest advanced wound care collagen dressing manufacturer in North America, Covalon is set to capitalize on this strategic advantage, enhancing its market positioning and operational capabilities.
Covalon Technologies announced the successful voting results from its Fiscal 2024 Annual Meeting of Shareholders, where all items of business, including the election of the Board of Directors and the appointment of auditors, were approved by the requisite number of votes. This outcome reflects strong shareholder support and is expected to positively impact Covalon’s governance and operational strategies, reinforcing its position in the medical technologies industry.
Covalon Technologies Ltd. has announced its annual meeting of shareholders, scheduled for March 19, 2025, to be held virtually. The meeting will feature a presentation by the newly appointed CEO, Brent Ashton, followed by a Q&A session, allowing shareholders to engage and vote online, reflecting the company’s commitment to transparent and accessible governance.