Integrated Cyber Solutions, Inc. (TSE:ICS)
:ICS
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Integrated Cyber Solutions, Inc.
(ICS)
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Rating:45Neutral
Price Target:
C$0.68
▼(-53.22% Downside)
Action:Reiterated
Date:05/14/26
The score is primarily constrained by weak financial performance (unstable/declining revenue, persistent losses, negative equity, and ongoing cash burn). Technical indicators are mixed with only modest momentum support, and valuation is hindered by losses (negative P/E) with no dividend yield provided.
Positive Factors
Improving free cash flow trend
Free cash flow growth turning strongly positive in the TTM vs prior year indicates the company has made operational or working-capital improvements that reduce cash burn. If sustained, this trend materially lowers near-term refinancing risk, extends runway, and enhances the ability to fund strategic investments without immediate external capital.
Negative Factors
Negative stockholders' equity
Negative shareholders' equity is a structural solvency red flag that restricts financing options and weakens creditor confidence. It makes leverage metrics meaningless, increases the likelihood of covenant breaches or restructuring, and raises the probability the company will need dilutive equity raises or debt refinancing to maintain operations over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving free cash flow trend
Free cash flow growth turning strongly positive in the TTM vs prior year indicates the company has made operational or working-capital improvements that reduce cash burn. If sustained, this trend materially lowers near-term refinancing risk, extends runway, and enhances the ability to fund strategic investments without immediate external capital.
Read all positive factors
Integrated Cyber Solutions, Inc. (ICS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$51.24M
Dividend YieldN/A
Average Volume (3M)53.92K
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue Growth-113.46%
EPS Growth-441.67%
CountryCA
EmployeesN/A
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.06
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 |
|---|---|---|---|---|---|---|---|
67 Neutral | C$4.98B | 37.14 | 7.27% | ― | -4.13% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | C$163.10M | -19.78 | -3.18% | ― | -11.32% | 6.86% | |
47 Neutral | C$10.88M | -16.31 | -21.69% | ― | -27.64% | -2400.00% | |
45 Neutral | C$51.24M | -10.77 | 247.94% | ― | -113.46% | -441.67% | |
45 Neutral | C$2.92M | -0.41 | ― | ― | -16.78% | -139.62% | |
41 Neutral | C$8.76M | -3.92 | 286.87% | ― | 3.73% | 71.72% |
* Technology Sector Average
TSE:ICS
Integrated Cyber Solutions, Inc.
0.69
0.47
213.64%
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Integrated Cyber Solutions, Inc. Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Integrated Quantum Launches $2 Million Private Placement and Strengthens Governance Team
Positive
Apr 7, 2026
Integrated Quantum Technologies Inc. has launched a non-brokered private placement of up to 4,000,000 units at C$0.50 per unit to raise as much as $2 million, with each unit comprising one common share and a half warrant exercisable at $0.75 over ...
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...
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.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.