ImagineAR (IP) AI Stock Analysis

• Market Cap: C$4.46M
• Dividend Yield: N/A
• Average Volume (3M): 263.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.68
• Revenue Growth: -67.21%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 297,620,540
• 10 Day Avg. Volume: 136,997
• 30 Day Avg. Volume: 263,979
• PEG Ratio: -0.14
• Price to Book (P/B): -3.52
• Price to Sales (P/S): 373.06
• P/FCF Ratio: -7.71
• 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: 40 Underperform
• Price Target: C$0.01 ▼(-30.00% Downside)

The score is primarily weighed down by very weak financial performance (shrinking revenue, deep losses, persistent cash burn, and negative equity). Technicals add further pressure with a clear downtrend and negative momentum indicators. Valuation provides limited support because losses make P/E less meaningful and there is no dividend yield.

ImagineAR Business Overview & Revenue Model

Company Description

ImagineAR Inc. provides an augmented reality (AR) platform that enables businesses, sports teams, and organizations to create and implement their own AR campaigns with no programming or technology experience. Its products include ImagineAR Augmented Reality Platform that allows the choice of engagement by marker, location, and Web-based activation; ImagineAR.com, an AR-as-a-service platform for desktops; ImagineAR mobile app; ImagineAR SDK/API; ImagineAR White-Label Mobile App; ImagineAR Cloud, a centralized content management system, where AR is securely stored and managed; and WebAR services. The company serves the retail, sports/live events, advertising/promotions, e-sports, and fundraising industries. The company was formerly known as Imagination Park Technologies Inc. and changed its name to ImagineAR Inc. in April 2020. ImagineAR Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

ImagineAR generates revenue through a SaaS (Software as a Service) model, offering subscription-based access to its AR platform. Clients pay for the usage of the platform, which can include features like AR content creation, deployment, and analytics. Additionally, the company may earn revenue from strategic partnerships with sports teams, retail brands, and entertainment companies that use its technology to enhance fan and customer engagement. Licensing fees for proprietary technology and custom AR solutions for large-scale clients can also contribute to its income.

ImagineAR Financial Statement Overview

Summary

ImagineAR faces substantial financial challenges with continuous net losses, declining revenues, negative equity, and cash flow issues. These factors highlight a critical need for financial restructuring.

Income Statement

ImagineAR's income statement shows a concerning trend with continuous net losses and declining revenues. The Gross Profit Margin is negative, indicating that cost of goods sold exceeds revenues. The Net Profit Margin is also negative, highlighting deep profitability issues. There is a significant decline in revenue, with the TTM revenue significantly lower than prior periods, indicating challenges in sustaining growth.

Balance Sheet

The balance sheet reveals a critical negative equity position, indicating liabilities exceed assets, which raises solvency concerns. The Debt-to-Equity ratio is not applicable due to negative equity, but the overall high liabilities suggest potential financial instability. Cash reserves are dwindling, further exacerbating financial health concerns.

Cash Flow

Cash flow analysis shows persistently negative operating cash flow, indicating operational challenges. The Free Cash Flow remains negative, with no growth, suggesting ongoing cash burn. The Operating Cash Flow to Net Income ratio is also unfavorable, demonstrating inefficiencies in converting sales into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.03K	22.50K	45.31K	192.66K	61.35K	353.77K
Gross Profit	-2.05M	-1.58M	-1.12M	-497.00K	-73.69K	-3.19M
EBITDA	-3.12M	-2.77M	-2.15M	-1.77M	-4.04M	-6.08M
Net Income	-3.11M	-2.84M	-2.16M	-1.79M	-4.07M	-6.11M
Balance Sheet
Total Assets	374.83K	428.58K	153.46K	209.43K	643.13K	4.33M
Cash, Cash Equivalents and Short-Term Investments	316.78K	119.05K	101.90K	110.75K	481.24K	4.21M
Total Debt	331.23K	346.16K	0.00	40.00K	62.27K	47.90K
Total Liabilities	2.60M	2.81M	1.65M	1.07M	602.24K	479.76K
Stockholders Equity	-2.22M	-2.38M	-1.50M	-858.89K	40.89K	3.85M
Cash Flow
Free Cash Flow	-981.57K	-1.09M	-868.33K	-791.48K	-3.73M	-3.36M
Operating Cash Flow	-981.57K	-1.09M	-868.33K	-791.48K	-3.71M	-3.36M
Investing Cash Flow	0.00	0.00	0.00	-4.88K	-36.88K	-11.21K
Financing Cash Flow	1.23M	1.11M	859.48K	425.88K	20.00K	2.92M

ImagineAR Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IP, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.17 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IP.

ImagineAR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAI	65 Neutral	C$147.12M	-122.95	-1.32%	―	-5.56%	-124.69%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CTRL	47 Neutral	C$35.96M	-3.90	―	―	-24.81%	-131.85%
IP	40 Underperform	C$4.46M	-1.47	―	―	-67.21%	―

ImagineAR Corporate Events

ImagineAR Terminates Niagara Immersive Center Project Agreements

ImagineAR announced the termination of agreements for the Niagara Immersive Center project due to economic and market conditions that have made the project unviable. The termination was initiated by the project’s owner, citing economic uncertainty, increased financing risk, and tariff-related cost pressures as key factors. Although the agreements have been terminated, ImagineAR has no outstanding obligations, and there remains a possibility of future engagement if economic conditions improve.

ImagineAR Secures $350K in First Tranche of Private Placement

ImagineAR Inc. has successfully closed the first tranche of its $700,000 non-brokered private placement, raising $350,013.37 through the issuance of 11,667,112 units. Each unit consists of a common share and a warrant, with the proceeds intended for general working capital, operations, and sales/marketing efforts. This funding round is expected to bolster ImagineAR’s operational capabilities and market reach, enhancing its position in the augmented reality sector. The completion of the offering is contingent upon receiving necessary regulatory approvals.

ImagineAR Inc. Announces $700,000 Private Placement to Enhance Operations

ImagineAR Inc. has announced a non-brokered private placement financing of up to $700,000 through the issuance of 23,333,333 units at $0.03 per unit. The proceeds will be used for general working capital, operations, legal, and sales/marketing of products. This move is expected to bolster the company’s financial position and support its ongoing operations and market expansion efforts.