Roadman Investments (LITT) AI Stock Analysis

• Market Cap: C$13.86M
• Dividend Yield: N/A
• Average Volume (3M): 19.13K
• Price to Earnings (P/E): 2.7
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: 66.12%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.02
• Shares Outstanding: 55,423,363
• 10 Day Avg. Volume: 16,291
• 30 Day Avg. Volume: 19,134
• PEG Ratio: 0.21
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 4.02
• P/FCF Ratio: -3.25
• 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: 49 Neutral
• Price Target: C$0.25 ▲(46.47% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is held back primarily by weak financial performance—small revenue base, recurring losses, and persistent cash burn with declining equity. Technicals provide some support with price trading above key moving averages and a positive MACD, but valuation remains unattractive due to negative earnings and no indicated dividend yield.

Positive Factors

Low Leverage

A very low debt-to-equity ratio limits fixed interest obligations and reduces insolvency risk. For an asset manager with limited revenue, low leverage provides durable financial flexibility to weather losses, pursue restructuring or raise capital on better terms.

Equity Cushion

Having roughly $2.7M of equity provides a tangible capital buffer against operating losses and short-term liquidity shocks. This tangible cushion gives the firm time to implement strategic changes or access markets for financing without immediate solvency pressure.

Improving FCF Trend

A positive growth rate in trailing free cash flow, even from a negative base, indicates management is moving cash generation in the right direction. Sustained improvement in FCF is a durable sign the company can transition toward self-funding or reduce reliance on external capital.

Negative Factors

Tiny Revenue Base

An annualized revenue base under $40k is structurally inadequate for scaling an asset-management business that depends on fee income. This small revenue pool limits operating leverage, magnifies variability, and makes sustainable profitability an uphill long-term challenge.

Persistent Cash Burn

Consistent negative operating cash flow of about $1.07M TTM reflects ongoing cash consumption that cannot be covered by operations. Durable cash burn forces recurring financing, increases dilution risk, and constrains investments needed to scale or stabilize the business.

Eroding Equity & Negative Returns

Material decline in equity and a negative trailing ROE signal capital erosion from losses. This weakens the balance sheet, reduces strategic optionality, raises fundraising costs, and limits the firm's ability to absorb future shocks or invest to grow assets under management.

Roadman Investments Business Overview & Revenue Model

Company Description

FutureGen Industries Corp. is an investment company, which engages in deploying investment capital and advisory services to both public and private companies. It focuses on the following sectors: agricultural, financial services, technology, and health and wellness. The company was founded on September 12, 2007, and is headquartered in Vancouver, Canada.

How the Company Makes Money

Roadman Investments generates revenue primarily through capital appreciation and dividends from its portfolio of investments. The company invests in a variety of sectors, with a focus on emerging and high-growth industries. By acquiring equity stakes in promising companies, Roadman Investments benefits from increases in the value of these companies. Additionally, the firm may earn income through dividends distributed by its investments. Roadman Investments also explores strategic partnerships to enhance its portfolio value and may occasionally divest from investments to realize gains. External factors such as market trends and economic conditions can significantly impact the company's earnings.

Roadman Investments Financial Statement Overview

Summary

Overall financial quality is weak: very small TTM revenue (~37.9K) with deep losses (TTM EBIT ~-711.1K; net loss ~-713.2K) and persistently negative operating/free cash flow (TTM OCF ~-1.07M). Leverage is relatively low (debt-to-equity ~0.06), but equity has declined materially over time and ROE is negative (TTM ~-11.8%), indicating ongoing capital erosion.

Income Statement

Profitability is weak and inconsistent. TTM (Trailing-Twelve-Months) revenue is very small (about 37.9K) and the company is deeply loss-making (EBIT about -711.1K; net loss about -713.2K). Annual results also show sustained losses in 2024 and 2025, with only a single profitable year in 2023. Overall, the earnings profile lacks scale and stability, which is a key concern for an asset manager.

Balance Sheet

Leverage appears manageable on the latest TTM (Trailing-Twelve-Months) snapshot, with debt modest relative to equity (debt-to-equity ~0.06) and equity still sizeable (~2.71M). However, the balance sheet has weakened versus prior years (equity down from ~5.14M in 2024 to ~3.54M in 2025 annual and ~2.71M TTM), and returns on equity are negative (TTM ROE ~-11.8%), reflecting ongoing losses and erosion of capital.

Cash Flow

Cash generation is poor: operating cash flow is negative across all periods shown, including TTM (Trailing-Twelve-Months) at about -1.07M, with free cash flow similarly negative. While free cash flow has shown a positive growth rate in the TTM data, it is improving from a still meaningfully negative base, and the business is not self-funding—continued cash burn raises financing and dilution risk if losses persist.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Jun 2021
Income Statement
Total Revenue	753.00K	0.00	0.00	0.00	0.00
Gross Profit	-1.94K	0.00	0.00	-1.27K	-17.95K
EBITDA	-1.67M	-1.77M	230.30K	-2.68M	-2.57M
Net Income	-1.64M	-1.77M	342.50K	-2.66M	-2.59M
Balance Sheet
Total Assets	4.33M	5.91M	7.52M	818.64K	2.92M
Cash, Cash Equivalents and Short-Term Investments	4.31M	5.52M	7.20M	485.78K	2.35M
Total Debt	288.96K	183.50K	183.50K	183.50K	13.50K
Total Liabilities	789.61K	790.12K	639.70K	829.37K	423.13K
Stockholders Equity	3.54M	5.14M	6.91M	15.68K	2.53M
Cash Flow
Free Cash Flow	-931.94K	-962.32K	-847.92K	-755.12K	-1.99M
Operating Cash Flow	-931.94K	-962.32K	-847.92K	-755.12K	-1.99M
Investing Cash Flow	662.09K	973.99K	-5.34M	-338.61K	-622.47K
Financing Cash Flow	117.00K	0.00	6.24M	194.00K	3.54M

Roadman Investments Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LITT, the sentiment is Neutral. The current price of 0.17 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.24, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:LITT.

Roadman Investments Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ZC	67 Neutral	C$10.31M	0.09	75.06%	―	486.23%	478.94%
PDV	66 Neutral	C$6.51M	11.28	42.23%	7.52%	-54.61%	273.14%
IDK	49 Neutral	C$8.49M	-0.44	-70.07%	―	53.55%	-289.42%
LITT	49 Neutral	C$13.86M	2.68	-23.79%	―	―	66.12%
PXI	45 Neutral	C$33.45M	-0.96	-32.32%	―	-54.44%	-78.24%
LBI	44 Neutral	C$12.96M	1.75	-113.97%	―	-19.49%	-25.00%

Roadman Investments Corporate Events

FutureGen Industries Books Strong Realized Gains Across Biotech Portfolio

FutureGen Industries reported significant realized gains from several portfolio investments, underscoring the effectiveness of its active management strategy in the healthcare and biotech space. By recycling capital from successful exits, the firm reinforces its ability to fund new opportunities and potentially enhance returns for shareholders, while deepening its exposure to innovative medical technologies.

From a modest $31,175 position in Canadian cancer-therapy developer Onco-Innovations, FutureGen realized gains of about $765,000 after selling 500,000 shares in 2025, highlighting strong value creation in precision oncology. The company also monetized part of its stake in sepsis-focused ASEP Medical Holdings, turning an original Safecoat Medical investment into over $118,000 in gains as ASEP advances rapid diagnostics and peptide-based therapies targeting antibiotic-resistant infections.

FutureGen further booked gains of roughly $167,000 from its indirect investment in psychedelic-drug developer Core One Labs, after its private 1254571 B.C. Ltd. holding converted into COOL shares and milestone-related bonus stock. The exit demonstrates the firm’s willingness to back high-risk, high-potential platforms in psychedelic medicine and then crystallize profits as assets mature, bolstering cash generation while maintaining strategic exposure to frontier biotech fields.

The most recent analyst rating on (TSE:LITT) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Roadman Investments stock, see the TSE:LITT Stock Forecast page.

FutureGen Industries Taps VLP to Support Liquidity in TSXV Trading

FutureGen Industries Corp. has retained Venture Liquidity Providers Inc. to provide market-making services for its common shares, aiming to support an orderly trading market on the TSX Venture Exchange. The three-month agreement, carried out through registered broker W.D. Latimer Co. Ltd. and renewable monthly, underscores the company’s efforts to improve share liquidity and trading stability without diluting existing shareholders, as VLP is compensated solely in cash and holds no interest in the company or its securities.

The most recent analyst rating on (TSE:LITT) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on Roadman Investments stock, see the TSE:LITT Stock Forecast page.

FutureGen Says No Material Change Behind Surge in Trading Activity

FutureGen Industries Corp. has stated that its management is unaware of any material change in the company’s operations that would explain a recent surge in trading activity, following a request for clarification from the Canadian Investment Regulatory Organization. The disclosure suggests that the heightened market interest is not driven by undisclosed operational developments, aiming to reassure investors and uphold transparency in the company’s market communications.

The most recent analyst rating on (TSE:LITT) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Roadman Investments stock, see the TSE:LITT Stock Forecast page.

FutureGen Industries Launches $500,000 Private Placement to Support Growth Strategy

FutureGen Industries Corp. plans to raise up to $500,000 through a non-brokered private placement of 3,571,428 units priced at $0.14, each consisting of one common share and one warrant exercisable at $0.18 for 36 months. The financing, which may include finders’ fees and warrants and is subject to regulatory approval and standard resale restrictions, will fund general corporate and working capital needs, including operational initiatives, research and development objectives, and investor relations, signaling the firm’s ongoing effort to bolster its balance sheet and support its growth-focused investment strategy.

The most recent analyst rating on (TSE:LITT) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Roadman Investments stock, see the TSE:LITT Stock Forecast page.

FutureGen Industries Pivots to ETF-Style Strategy Focused on High-Growth Technology Sectors

FutureGen Industries Corp. has outlined an expanded investment strategy that pivots its portfolio toward high-growth, innovation-led technology sectors, including defense systems, artificial intelligence, biotechnology, robotics and quantum computing. Under the leadership of CEO Dr. Kristian Thorlund, the firm is repositioning itself to operate in an ETF-style model, offering investors diversified access to both early-stage innovators and established technology companies across these markets, which are collectively forecast to experience substantial global expansion over the next decade. By aligning its mandate with sectors expected to see robust long-term growth, FutureGen aims to enhance its industry positioning as a diversified technology-focused investment platform and to capture value creation opportunities for shareholders across multiple emerging technology verticals.

The most recent analyst rating on (TSE:LITT) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Roadman Investments stock, see the TSE:LITT Stock Forecast page.

Right Season Investments Becomes FutureGen Industries Corp.

The company announced it will change its name to FutureGen Industries Corp. effective December 22, 2025, while keeping its existing trading symbol (LITT). This rebranding reflects a strategic shift aimed at reinforcing its position in the industry, signaling a renewed focus and commitment to innovation under the new brand identity.