Integrated Cyber Solutions, Inc. (TSE:ICS)
:ICS
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Integrated Cyber Solutions, Inc.
(ICS)
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Rating:43Neutral
Price Target:
C$0.58
â–¼(-60.34% Downside)
Action:ReiteratedDate:03/25/26
The score is weighed down primarily by severe financial stress (losses, negative equity, and ongoing cash burn). Technicals also indicate a pronounced downtrend with weak momentum, while valuation provides limited support due to losses and no dividend data.
Positive Factors
Improving cash burn
TTM improvement in free cash flow and a slower cash burn are durable operational signs that management has reduced runway pressure. Sustained lower burn extends the company's financing runway, improving chance to execute restructuring or product investments before needing large external capital.
Negative Factors
Negative shareholders' equity
Sustained negative equity is a structural solvency red flag that weakens the company's capital structure. It limits access to conventional debt, increases refinancing and covenant risk, and typically forces dilutive equity raises or asset sales, undermining long-term financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn
TTM improvement in free cash flow and a slower cash burn are durable operational signs that management has reduced runway pressure. Sustained lower burn extends the company's financing runway, improving chance to execute restructuring or product investments before needing large external capital.
Read all positive factors
Integrated Cyber Solutions, Inc. (ICS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$40.85M
Dividend YieldN/A
Average Volume (3M)53.92K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.02
Shares Outstanding74,265,310
10 Day Avg. Volume48,274
30 Day Avg. Volume53,924
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)-165.78
Price to Sales (P/S)-1150.44
P/FCF Ratio-60.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Integrated Cyber Solutions, Inc. Business Overview & Revenue Model
Company Description
Integrated Cyber Solutions Inc. operates as a managed security service provider. The company delivers cybersecurity managed services to the small-to-medium business and small-to-medium enterprise segments. Its services include managed detection an...
Integrated Cyber Solutions, Inc. Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
14
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Sep 2025 | Dec 2024 | Sep 2023 | Jun 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -44.73K | 174.20K | 131.55K | 316.75K | 400.46K |
| Gross Profit | -171.61K | -10.59K | -22.13K | 28.57K | 113.84K |
| EBITDA | -3.20M | -1.27M | -924.62K | -211.89K | -59.11K |
| Net Income | -3.29M | -1.31M | -998.28K | -214.35K | -62.81K |
Balance Sheet | |||||
| Total Assets | 1.59M | 211.07K | 57.14K | 223.24K | 127.41K |
| Cash, Cash Equivalents and Short-Term Investments | 1.44M | 20.89K | 6.95K | 36.39K | 26.86K |
| Total Debt | 1.29M | 407.11K | 269.05K | 202.02K | 76.63K |
| Total Liabilities | 1.90M | 1.06M | 722.79K | 361.18K | 116.98K |
| Stockholders Equity | -310.40K | -1.72M | -665.66K | -566.44K | 10.39K |
Cash Flow | |||||
| Free Cash Flow | -844.55K | -366.33K | -834.87K | -132.61K | -20.68K |
| Operating Cash Flow | -844.54K | -364.98K | -834.87K | -56.99K | -20.68K |
| Investing Cash Flow | 0.00 | -1.35K | 0.00 | 4.20K | 0.00 |
| Financing Cash Flow | 2.21M | 380.27K | 830.84K | 86.16K | 1.84K |
Integrated Cyber Solutions, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$2.76B | 43.05 | 3.01% | ― | -9.05% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | C$180.37M | -28.58 | -2.82% | ― | -4.34% | 31.52% | |
47 Neutral | C$9.82M | -29.38 | -21.69% | ― | -69.94% | -281.40% | |
45 Neutral | C$5.84M | -0.41 | ― | ― | -13.42% | -126.00% | |
45 Neutral | C$8.66M | -3.84 | 286.87% | ― | 17.18% | 79.56% | |
43 Neutral | C$40.85M | -10.77 | 148.75% | ― | ― | ― |
* Technology Sector Average
TSE:ICS
Integrated Cyber Solutions, Inc.
0.64
0.40
166.67%
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Integrated Cyber Solutions, Inc. Corporate Events
Business Operations and StrategyProduct-Related Announcements
Integrated Quantum Technologies Unveils VEIL Framework for Privacy-Preserving AI
Positive
Mar 31, 2026
Integrated Quantum Technologies has announced the publication of a white paper on its VEIL™ (Vector Encoded Information Layer) architecture, a privacy-preserving machine learning framework authored by EVP of AI and Innovation Jeremy Samuelso...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Integrated Quantum Finalizes Equity Drawdown with Share Issuance
Neutral
Mar 31, 2026
Integrated Cyber Solutions Inc., doing business as Integrated Quantum Technologies, operates in the cybersecurity and AI infrastructure space, developing quantum-ready tools and platforms to secure and scale artificial intelligence deployments. It...
Business Operations and StrategyShareholder Meetings
Integrated Quantum Sets March 12 Shareholder Call to Outline Post-Quantum AI Strategy
Positive
Mar 9, 2026
Integrated Quantum Technologies will host a live shareholder update call on March 12, 2026, to brief investors and stakeholders on recent milestones and its evolving strategic roadmap. Management plans to detail progress on a recently filed patent...
Business Operations and StrategyPrivate Placements and Financing
Integrated Quantum Technologies Launches C$1.5 Million Private Placement for AI Infrastructure Growth
Positive
Feb 24, 2026
Integrated Quantum Technologies has announced a non-brokered private placement of 1,500,000 common shares at C$1.00 per share, aiming to raise gross proceeds of C$1.5 million. The shares will be subject to a four-month hold period under Canadian s...
Business Operations and StrategyProduct-Related Announcements
Integrated Quantum Readies Quantum‑Resilient AI Infrastructure VEIL for Enterprise Market
Positive
Feb 12, 2026
Integrated Quantum Technologies said its AIQu VEIL (Vector Encoded Information Layer), a quantum‑resilient AI infrastructure layer, has completed development and security validation and is now ready for commercial deployment across on‑...
Business Operations and StrategyShareholder Meetings
Integrated Cyber Rebrands as Integrated Quantum Technologies to Target Next-Gen AI Security
Positive
Feb 7, 2026
Integrated Cyber Solutions Inc. has launched a strategic rebrand, adopting the doing-business-as name Integrated Quantum Technologies Inc. as it shifts from a traditional cybersecurity provider toward a research-focused developer of infrastructure...
Business Operations and StrategyExecutive/Board Changes
Integrated Quantum Technologies Names Anita Oehley CTO to Drive Enterprise-Scale AI Infrastructure
Positive
Feb 7, 2026
Integrated Quantum Technologies has appointed veteran enterprise technology leader Anita Oehley as Chief Technology Officer, tasking her with driving technology strategy, platform architecture, and global enterprise adoption for its AIQu and VEIL ...
Business Operations and StrategyExecutive/Board Changes
Integrated Quantum Technologies Appoints Seasoned Finance Executive as New CFO Amid Ongoing Rebrand
Positive
Jan 20, 2026
Integrated Cyber Solutions Inc., dba Integrated Quantum Technologies Inc., has appointed veteran finance executive Mickey Goldstein as its new Chief Financial Officer, effective December 3, 2025, replacing Robert Consaga, who will remain on the bo...
Business Operations and StrategyProduct-Related Announcements
Integrated Quantum Technologies Files Provisional Patent for Post-Quantum AI Platform AIQu
Positive
Jan 20, 2026
Integrated Quantum Technologies has filed a provisional U.S. patent application for its proprietary AI and machine learning infrastructure, which will serve as the backbone of AIQu, the company’s core post-quantum AI platform. The patent cov...
Business Operations and StrategyProduct-Related Announcements
Integrated Quantum Technologies Updates Brand and Investor Materials to Highlight Post-Quantum AI Infrastructure Strategy
Positive
Jan 20, 2026
Integrated Quantum Technologies has launched an updated corporate website and new investor presentation that align with its sharpened focus on next-generation, post-quantum AI infrastructure for enterprise customers. The new materials spotlight it...
Business Operations and StrategyExecutive/Board Changes
Integrated Quantum Technologies Taps Former Equifax AI Leader to Drive Secure, Quantum-Ready Platform Growth
Positive
Jan 20, 2026
Integrated Quantum Technologies has appointed Jeremy Samuelson, a veteran AI and data science leader with nearly two decades of experience in regulated industries and former Principal Data and AI Scientist at Equifax, as Executive Vice President o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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