Cymat Technologies (CYM) AI Stock Analysis

• Market Cap: C$8.03M
• Dividend Yield: N/A
• Average Volume (3M): 118.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: -25.74%
• EPS Growth: 2.28%
• Country: CA
• Employees: 11
• Sector: General
• Sector Strength: N/A
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.01
• Shares Outstanding: 100,337,330
• 10 Day Avg. Volume: 20,030
• 30 Day Avg. Volume: 118,582
• PEG Ratio: 0.12
• Price to Book (P/B): -2.03
• Price to Sales (P/S): 2.58
• P/FCF Ratio: -5.85
• 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: 40 Underperform
• Price Target: C$0.08 ▼(-36.67% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is driven primarily by severe financial strain (large ongoing losses, negative equity, and continued cash burn). Technicals add downside risk with price below all key moving averages and negative MACD, partially tempered by near-oversold RSI. Valuation provides little support because the company is unprofitable (negative P/E) and no dividend yield is available.

Positive Factors

Proprietary aluminum-foam product niche

Cymat's core technology—proprietary aluminum foam—targets structural, impact-mitigation and vibration-damping use cases. That product specialization creates durable competitive differentiation in transport and industrial markets where lightweight, energy-absorbing materials are structurally valued and can support multi-year supply relationships.

Demonstrated prior gross-margin profitability

The company achieved positive gross margin in the recent prior annual period, indicating the manufacturing economics can be profitable at sufficient scale or mix. This suggests margins are recoverable if volumes, pricing, or production efficiency improve, making cost structure not inherently unprofitable long term.

Signs of modest cash-flow improvement trend

Trailing metrics show reduced negative FCF/OCF versus prior troughs, indicating early operational stabilization. While cash generation remains negative, an improving trajectory is a durable operational signal: it implies management actions or demand improvements may be beginning to reduce cash burn over the coming quarters if sustained.

Negative Factors

Negative shareholders' equity and high leverage

The balance sheet is structurally stressed: negative equity and meaningful debt versus a small asset base materially increase insolvency and refinancing risk. This reduces financial flexibility and makes the company sensitive to interest, covenant, or capital access shocks over the medium term without recapitalization or sustained profit recovery.

Deep and persistent operating losses

Very large net losses and negative operating margins indicate the core business currently fails to cover fixed and variable costs. Persistent negative profitability forces ongoing capital raises or debt use, undermining long-term sustainability unless the company delivers durable revenue and margin improvement.

Declining revenue and weakening sales trend

Top-line contraction and steep reported revenue growth deterioration signal demand or commercial execution problems. Falling revenue reduces ability to leverage prior profitable cost structure, making margin recovery and cash-flow stabilization harder and increasing the likelihood management must cut costs or seek external capital.

Cymat Technologies Business Overview & Revenue Model

Company Description

Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam products worldwide. The company provides architectural materials under the Alusion brand name; and automotive and blast mitigation products under the SmartMetal brand name. It serves defense and military, automotive and transportation, architectural, and other application. The company was incorporated in 2006 and is based in Mississauga, Canada.

How the Company Makes Money

Cymat makes money primarily by selling its proprietary aluminum foam materials and related product forms to customers that incorporate the material into end-use applications (e.g., crash/impact energy management and other industrial uses). Revenue is generated through commercial supply arrangements for these foam-metal products, where Cymat is compensated per unit/material supplied under customer purchase orders and/or longer-term supply agreements. null

Cymat Technologies Financial Statement Overview

Summary

Very weak fundamentals: TTM revenue declined (-4.2%), gross profit turned negative (gross margin ~-2.4%), and losses are extremely large versus sales (net margin ~-222%) with negative EBIT/EBITDA. The balance sheet is highly stressed with negative equity (~-$3.8M) and meaningful debt (~$5.8M) against a small asset base (~$3.7M). Cash flow remains deeply negative (TTM OCF and FCF about -$2.75M and -$2.77M), indicating ongoing cash burn despite a modest improvement trend from a negative base.

Income Statement

TTM (Trailing-Twelve-Months) results show deep and worsening profitability pressure: revenue declined (-4.2% growth) and gross profit turned slightly negative (gross margin ~-2.4%). Losses remain very large versus sales (net margin ~-222%), with negative EBIT and EBITDA margins as well. While the prior annual period (2025) had positive gross margin (~13.3%), the business is still structurally unprofitable with persistent net losses across the history provided.

Balance Sheet

The balance sheet is highly stressed with negative shareholders’ equity in TTM (about -$3.8M) and elevated debt (~$5.8M) relative to a small asset base (~$3.7M). Negative equity makes leverage risk materially higher and limits financial flexibility. Debt has also increased versus the most recent annual period (2025), reinforcing refinancing and liquidity sensitivity if operating performance does not improve.

Cash Flow

Cash generation is weak: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both meaningfully negative (about -$2.75M and -$2.77M, respectively), implying continued cash burn. A positive free cash flow growth figure is a modest improvement signal, but it is from a negative base and does not change that the company is funding ongoing losses and operations with external capital or balance-sheet resources.

Breakdown	TTM	Jul 2025	Jul 2024	Jul 2023	Jul 2021	Jul 2020
Income Statement
Total Revenue	1.83M	3.71M	1.62M	3.05M	4.15M	1.69M
Gross Profit	-43.88K	494.39K	-412.85K	-270.42K	2.12M	373.27K
EBITDA	-2.48M	-1.91M	-3.34M	-5.45M	252.17K	-1.51M
Net Income	-4.06M	-3.37M	-4.27M	-6.05M	-543.00K	-1.81M
Balance Sheet
Total Assets	3.68M	2.76M	3.96M	4.16M	6.58M	1.86M
Cash, Cash Equivalents and Short-Term Investments	926.84K	354.03K	56.27K	324.05K	5.02M	251.58K
Total Debt	5.81M	5.58M	2.94M	2.28M	1.38M	1.06M
Total Liabilities	7.50M	7.49M	6.78M	4.77M	3.71M	2.75M
Stockholders Equity	-3.83M	-4.73M	-2.81M	-612.07K	2.88M	-889.52K
Cash Flow
Free Cash Flow	-2.77M	-1.64M	-2.26M	-3.49M	401.48K	-1.38M
Operating Cash Flow	-2.75M	-1.60M	-2.23M	-2.46M	432.92K	-1.33M
Investing Cash Flow	-20.13K	-37.52K	-31.32K	-1.03M	-31.44K	-47.92K
Financing Cash Flow	3.46M	1.93M	1.99M	1.18M	4.36M	1.45M

Cymat Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 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:CYM, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.12 is Neutral, neither overbought nor oversold. The STOCH value of -11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CYM.

Cymat Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRX	74 Outperform	C$248.98M	5.00	16.89%	0.46%	-26.61%	-45.62%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
USCU	50 Neutral	C$31.90M	-9.85	-162.83%	―	―	1.23%
IB	45 Neutral	C$21.89M	-7.71	-112.26%	―	―	―
MTS	45 Neutral	C$15.34M	-7.52	-92.01%	―	―	―
CYM	40 Underperform	C$8.03M	-2.37	―	―	-25.74%	2.28%