Elcora Advanced Materials (ERA) AI Stock Analysis

• Market Cap: C$7.67M
• Dividend Yield: N/A
• Average Volume (3M): 18.31K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.27
• Revenue Growth: N/A
• EPS Growth: 18.74%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 17,037,700
• 10 Day Avg. Volume: 10,670
• 30 Day Avg. Volume: 18,312
• PEG Ratio: 0.14
• Price to Book (P/B): -1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.20
• 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$0.47 ▲(173.53% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is held down primarily by very weak fundamentals (zero/unstable revenue, persistent losses, negative equity, and ongoing cash burn). Strong technical momentum provides meaningful support, but valuation remains unattractive/uncertain due to negative earnings and no dividend yield data.

Positive Factors

Strategic industry focus

Elcora’s explicit focus on graphite and graphene positions it in a structural growth sector for industrial and technology applications. This specialization supports long-term addressable market opportunities and R&D-driven product differentiation if commercialization gains scale.

Product-level gross economics

A reported positive gross profit in the last year with meaningful revenue indicates the company can generate surplus above COGS at the product level. If revenue expands, that unit-level margin provides a path to cover overhead and move toward operating leverage over time.

Improving cash flow trend

Although operating and free cash flow remain negative, the TTM improvement signals better cash conversion or cost control. A sustained reduction in burn lowers near-term refinancing pressure and increases runway to execute commercialization or secure non-dilutive financing.

Negative Factors

Zero/unstable revenue

The absence of sustainable revenue undermines scalability and raises execution risk: without consistent top-line, fixed costs swamp the business, making profitability dependent on uncertain future commercial wins or successful new product launches to alter the current loss trajectory.

Negative shareholder equity

Persistently negative equity and rising debt materially constrain financial flexibility. This solvency profile increases refinancing and dilution risk, limits access to traditional credit, and heightens the chance management must raise capital under unfavorable terms to sustain operations.

Ongoing cash burn

Continued negative operating and free cash flow means the company requires external funding to operate. Persistent burn pressures strategic choices, can force dilution or asset sales, and raises execution risk if capital markets or partner funding become constrained over the medium term.

Elcora Advanced Materials Business Overview & Revenue Model

Company Description

Elcora Advanced Materials Corp., engages in the exploration of mineral properties in Canada. The company was formerly known as Elcora Resources Corp. and changed its name to Elcora Advanced Materials Corp. in February 2016. Elcora Advanced Materials Corp. was incorporated in 2011 and is headquartered in Bedford, Canada.

How the Company Makes Money

Elcora Advanced Materials makes money through the extraction, processing, and sale of graphite and graphene products. The company's primary revenue streams include selling raw graphite materials to industrial clients and providing high-purity graphite and graphene for specialized applications such as lithium-ion batteries, fuel cells, and other energy storage solutions. Additionally, Elcora may engage in partnerships or joint ventures with technology and manufacturing companies to develop new applications for its materials, thereby expanding its market reach and revenue potential.

Elcora Advanced Materials Financial Statement Overview

Summary

Financial performance is very weak: TTM shows zero revenue with negative gross profit and sizable operating and net losses (~-$1.1M). The balance sheet is highly stressed with negative shareholder equity (~-$2.9M) and rising debt (~$2.0M TTM), raising solvency and financing risk. Cash flow remains negative (operating cash flow ~-$0.47M; free cash flow ~-$0.75M) despite signs of moderating burn.

Income Statement

The income statement is very weak. TTM (Trailing-Twelve-Months) shows zero revenue with negative gross profit and sizable operating losses (EBIT about -$1.1M) translating into a net loss of roughly -$1.1M. The last year with meaningful revenue (FY2024) still showed a large net loss (about -$1.26M) despite a positive gross profit, indicating that overhead and operating costs are overwhelming the current scale of the business. Overall, the trajectory reflects persistent losses and an unstable revenue base.

Balance Sheet

The balance sheet is highly stressed due to consistently negative shareholder equity (TTM equity about -$2.9M), which is a major solvency red flag and limits financial flexibility. Debt has also risen over time (TTM total debt about $2.0M vs. ~$0.9M in FY2022), increasing refinancing and dilution risk. While total assets are around $2.0M TTM, the negative equity position suggests the company is reliant on liabilities to fund the asset base.

Cash Flow

Cash flow is weak but shows some relative improvement versus the prior annual period. TTM (Trailing-Twelve-Months) operating cash flow remains negative (about -$0.47M) and free cash flow is also negative (about -$0.75M), implying ongoing cash burn. A positive free cash flow growth figure in TTM suggests burn may be moderating, but cash generation still does not cover losses, and continued funding needs remain likely.

Breakdown	TTM	Jun 2025	Sep 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	120.98K	0.00	0.00	0.00
Gross Profit	-47.75K	-14.91K	56.70K	-71.21K	-91.52K	-149.22K
EBITDA	-944.28K	-835.91K	-1.07M	-1.42M	-728.81K	-626.10K
Net Income	-1.12M	-1.00M	-1.26M	-1.60M	-959.09K	-880.91K
Balance Sheet
Total Assets	1.96M	1.95M	1.72M	1.86M	1.66M	486.95K
Cash, Cash Equivalents and Short-Term Investments	174.36K	206.64K	14.60K	15.21K	309.13K	290.43K
Total Debt	1.99M	1.62M	1.13M	939.47K	887.46K	1.21M
Total Liabilities	4.86M	4.29M	3.17M	2.19M	1.81M	2.62M
Stockholders Equity	-2.90M	-2.34M	-1.45M	-320.81K	-143.35K	-2.13M
Cash Flow
Free Cash Flow	-751.91K	-324.19K	-274.13K	-999.23K	-2.51M	-179.21K
Operating Cash Flow	-471.57K	-324.19K	-146.83K	-511.40K	-1.43M	-179.21K
Investing Cash Flow	-9.64K	94.63K	-127.30K	-487.83K	-1.08M	0.00
Financing Cash Flow	555.72K	414.34K	273.52K	705.31K	2.53M	436.44K

Elcora Advanced Materials Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ERA, the sentiment is Positive. The current price of 0.17 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.27, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 64.66 is Neutral, neither overbought nor oversold. The STOCH value of 77.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ERA.

Elcora Advanced Materials Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ERA	52 Neutral	C$7.67M	-6.83	―	―	―	18.74%
FCI	51 Neutral	C$13.07M	-4.52	-198.61%	―	―	53.47%
PLY	49 Neutral	C$3.77M	-47.06	-92.46%	―	―	94.03%
QBAT	47 Neutral	C$3.89M	-3.61	-14.59%	―	―	-36.33%
GEL	41 Neutral	C$3.12M	-3.13	-96.85%	―	―	35.91%
COS	39 Underperform	C$2.09M	―	―	―	―	―

Elcora Advanced Materials Corporate Events

Elcora Raises $3 Million in Final Tranche of Private Placement

Elcora Advanced Materials has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to about $3 million from the sale of nearly 25 million units priced at $0.12 each, with each unit comprising a common share and a two-year warrant exercisable at $0.16. The company, which paid no finders’ fees and created no new control person, will use the funds for general working capital, while new investor Skyline Resources Trading FZE has emerged with a significant stake of roughly 14.85% on an undiluted basis and 18.63% on a fully diluted basis, and insider participation triggered related-party disclosure rules under MI 61-101 but remained within exemption thresholds.

The securities issued in the offering are subject to a four-month-plus-one-day hold period under applicable securities laws, and completion of the financing remains contingent on final regulatory approvals and acceptance by the TSX Venture Exchange. Skyline’s holdings will be kept in escrow until exchange clearance of its personal information filing, underscoring regulatory oversight as Elcora shores up its balance sheet to support ongoing operations in the competitive battery materials sector.

The most recent analyst rating on (TSE:ERA) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Elcora Advanced Materials stock, see the TSE:ERA Stock Forecast page.

Elcora Raises $3 Million in Final Tranche of Private Placement

Elcora Advanced Materials Corp. has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to approximately $2.999 million from the sale of nearly 25 million units at $0.12 each, with each unit comprising a common share and a two-year warrant exercisable at $0.16. The financing, which involved insider participation and no finders’ fees, will be used for general working capital, while a new investor, Skyline Resources Trading FZE, has emerged with a significant minority stake subject to escrow and regulatory clearance, underscoring ongoing institutional interest and potential influence in Elcora’s capital structure.

The most recent analyst rating on (TSE:ERA) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Elcora Advanced Materials stock, see the TSE:ERA Stock Forecast page.

Elcora Raises First $979,000 in Multi-Tranche Private Placement

Elcora Advanced Materials Corp. has closed the first tranche of a private placement, issuing 8,158,333 units at $0.12 per unit for gross proceeds of approximately $979,000, as part of a broader offering of up to 25,000,000 units to raise as much as $3 million. Each unit comprises one common share and one warrant exercisable at $0.16 for 24 months, with one company director participating in the financing under related-party transaction rules; the funds are earmarked for general working capital, and the financing remains subject to final TSX Venture Exchange approvals and statutory hold periods for the issued securities.

The most recent analyst rating on (TSE:ERA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Elcora Advanced Materials stock, see the TSE:ERA Stock Forecast page.