Lite Access Technologies Inc (TSE:IMI)
:IMI
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Lite Access Technologies
(IMI)
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Rating:49Neutral
Price Target:
C$0.11
▼(-22.14% Downside)
Action:Reiterated
Date:05/17/26
The score is held back primarily by weakened profitability (sharp margin compression and net losses) and significant balance-sheet leverage risk. Offsetting this, cash flow is positive and improving and the technical trend is moderately supportive, but valuation remains constrained due to negative earnings.
Positive Factors
Sustained Revenue Growth
Consistent TTM revenue growth of ~23.7% indicates durable demand for the company's products or services, supporting scale benefits. Over 2-6 months this top-line momentum can fund reinvestment, product development, and margin recovery if cost control follows.
Negative Factors
Very High Financial Leverage
Debt-to-equity near 9x signals limited balance-sheet flexibility and elevated refinancing risk. Over the medium term this leverage constrains capital allocation, increases interest expense sensitivity to rate moves, and risks covenant pressure if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent TTM revenue growth of ~23.7% indicates durable demand for the company's products or services, supporting scale benefits. Over 2-6 months this top-line momentum can fund reinvestment, product development, and margin recovery if cost control follows.
Read all positive factors
Lite Access Technologies (IMI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$21.59M
Dividend YieldN/A
Average Volume (3M)138.83K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth37.33%
EPS Growth-7.55%
CountryCA
Employees100
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)N/A
Shares Outstanding172,685,070
10 Day Avg. Volume295,450
30 Day Avg. Volume138,832
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-2.73
Price to Sales (P/S)0.61
P/FCF Ratio2.09
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
Lite Access Technologies Business Overview & Revenue Model
Company Description
Ironman International Ltd. offers fiber optic products and advanced installation methodologies in Canada and the United States. The company operates through Product Sale and Fibre Optic Installation segments. It offers micro-duct, air-blown fiber,...
How the Company Makes Money
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Lite Access Technologies Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
23
Negative
Cash Flow
71
Positive
| Breakdown | TTM | Aug 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.52M | 13.67M | 4.78M | 5.00M | 5.78M | 5.35M |
| Gross Profit | 2.13M | 4.89M | 816.73K | 364.98K | -1.38M | -1.98M |
| EBITDA | 1.96M | 3.05M | -326.07K | -1.15M | -2.38M | -2.30M |
| Net Income | -691.98K | 1.80M | -630.77K | -1.48M | -2.92M | 2.15M |
Balance Sheet | ||||||
| Total Assets | 29.72M | 23.12M | 3.72M | 2.85M | 3.61M | 6.55M |
| Cash, Cash Equivalents and Short-Term Investments | 2.91M | 2.01M | 1.06M | 562.16K | 239.10K | 627.78K |
| Total Debt | 23.08M | 4.37M | 668.85K | 738.88K | 508.19K | 1.51M |
| Total Liabilities | 27.15M | 26.16M | 4.45M | 3.02M | 3.01M | 4.08M |
| Stockholders Equity | 2.57M | -3.03M | -736.94K | -169.76K | 598.15K | 2.47M |
Cash Flow | ||||||
| Free Cash Flow | 5.44M | 3.96M | 650.66K | -349.72K | -2.22M | -1.56M |
| Operating Cash Flow | 10.79M | 7.62M | 650.66K | -326.37K | -2.15M | -1.55M |
| Investing Cash Flow | -2.93M | -2.45M | 0.00 | 72.51K | -39.98K | 108.01K |
| Financing Cash Flow | -4.33M | -2.42M | -153.41K | 576.92K | 937.60K | 1.02M |
Lite Access Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$8.85M | 14.81 | 8.45% | ― | 29.41% | 45.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$5.67M | 2.85 | ― | ― | 37.04% | ― | |
49 Neutral | C$21.59M | -0.92 | ― | ― | 37.33% | -7.55% | |
41 Neutral | C$1.46M | -6.66 | -73.44% | ― | -6.54% | 61.76% | |
41 Neutral | C$9.57M | -7.78 | ― | ― | ― | -164.52% |
* General Sector Average
TSE:IMI
Lite Access Technologies
0.11
0.04
46.67%
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Lite Access Technologies Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Ironman Secures MCTO as It Delays 2025 Annual Filings
Negative
Apr 1, 2026
Ironman International Ltd. has obtained a management cease trade order from the British Columbia Securities Commission after delaying the filing of its audited annual financial statements and related disclosures for the year ended Nov. 30, 2025, f...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Ironman Extends and Amends Terms of Related-Party Equipment Loan
Neutral
Mar 27, 2026
Ironman International Ltd. has amended the terms of a $1.4 million existing loan held by its subsidiary 1097195 B.C. Ltd. with related party 599837 B.C. Ltd., setting an 8% annual interest rate effective September 26, 2025 and extending the loan&#...
Financial DisclosuresRegulatory Filings and Compliance
Ironman Seeks Management Cease Trade Order Amid Audit-Related Filing Delay
Negative
Mar 26, 2026
Ironman International has applied for a management cease trade order as it expects to miss the March 30 deadline for filing its audited annual financial statements and related disclosures for the year ended November 30, 2025. The delay stems from ...
Business Operations and StrategyDelistings and Listing Changes
Ironman International Targets North American Growth With New Pipeline Division and OTCQB Upgrade
Positive
Feb 24, 2026
Ironman International is sharpening its operational focus around three pillars of business fundamentals, growth and strategic alignment across its directional drilling and Lite Access telecom units, which together provide seasonally balanced reven...
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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