Elcora Advanced Materials (ERA) AI Stock Analysis

• Market Cap: C$5.03M
• Dividend Yield: N/A
• Average Volume (3M): 18.31K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.63
• 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: 46 Neutral
• Price Target: C$0.27 ▲(55.88% Upside)

The score is held down primarily by very weak financial fundamentals (zero/unstable revenue, persistent losses, negative equity, and ongoing cash burn). Technicals provide some offset due to a strong uptrend and positive MACD, but overbought indicators raise near-term downside risk. Valuation remains unattractive because the negative P/E reflects continued unprofitability and there is no dividend support.

Positive Factors

Advanced materials focus

A clear strategic focus on graphite and graphene positions the company in durable industrial and technology material markets. This specialization supports long-term product development and commercialization pathways if execution and customer adoption follow, underpinning potential sustainable revenue streams.

Product-level gross profit established

Positive gross profit in the last year with meaningful revenue suggests the company’s core products can generate margin before overhead. If revenue scales and fixed costs are managed, product economics could support sustainable margins, making profitability achievable over the medium term.

Moderating cash burn trend

Improving operating and free cash flow trends reduce immediate financing pressure and indicate progress toward cash generation. A sustained moderation in burn improves runway and reduces refinancing frequency, supporting a more durable path to self-funded growth if the trend continues.

Negative Factors

Zero/unstable revenue base

A trailing-twelve-month revenue base of zero and unstable revenues undermine the company’s ability to cover fixed costs and invest in growth. Sustained lack of recurring sales makes long-term planning and margin improvement speculative and heightens dependency on external financing.

Persistent operating and net losses

Repeated operating and net losses erode retained capital and limit reinvestment in R&D, commercialization, and scale-up. Without durable operational turnarounds, ongoing losses will constrain the company’s ability to compete and sustain product development over the medium term.

Negative equity and rising debt

Negative shareholders’ equity combined with increasing debt creates solvency and refinancing risk, limiting strategic flexibility. This structural balance-sheet weakness increases the likelihood of dilution or restrictive financing, impeding long-term investment and operational resilience.

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, negative gross profit, and operating/net losses around -$1.1M. The balance sheet is stressed with negative equity (~-$2.9M) and rising debt (~$2.0M TTM), while cash flow remains negative (TTM OCF ~-$0.47M; FCF ~-$0.75M) despite some moderation in 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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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: Negative
• RSI: Negative
• STOCH: Negative

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 0.19, above the 50-day MA of 0.17, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 70.09 is Negative, neither overbought nor oversold. The STOCH value of 90.48 is Negative, 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	46 Neutral	C$5.03M	-4.48	―	―	―	18.74%
FCI	―	C$12.41M	-4.30	-198.61%	―	―	53.47%
PLY	49 Neutral	C$4.24M	-17.65	-92.46%	―	―	94.03%
QBAT	45 Neutral	C$2.78M	-2.58	-14.59%	―	―	-36.33%
GEL	45 Neutral	C$3.66M	-3.66	-96.85%	―	―	35.91%
COS	39 Underperform	C$1.84M	―	―	―	―	―

Elcora Advanced Materials Corporate Events

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.