Jaguar Financial (MAXQ) AI Stock Analysis

• Market Cap: C$548.52K
• Dividend Yield: N/A
• Average Volume (3M): 61.75K
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: -100.00%
• EPS Growth: -136.96%
• Country: US
• Employees: 5
• Sector: Financial
• Sector Strength: 70
• Industry: Aerospace & Defense
• EPS (TTM): -0.01
• Shares Outstanding: 495,081,020
• 10 Day Avg. Volume: 61,750
• 30 Day Avg. Volume: 61,750
• PEG Ratio: -0.09
• Price to Book (P/B): -6.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.71
• 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: 45 Neutral
• Price Target: C$0.05 ▼(-2.00% Downside)

The score is weighed down primarily by very weak financial performance (persistent losses, ongoing cash burn, negative equity and rising debt). Technicals add only modest support due to largely flat trend signals, while valuation remains unfavorable given a negative P/E and no dividend yield.

Positive Factors

Strategic Partnerships

Strategic partnerships provide Jaguar Financial access to a broader client base and innovative products, enhancing long-term revenue potential.

Revenue Diversification

Diversified revenue streams from management, performance, and consulting fees provide stability and reduce dependence on a single income source.

Financing Secured

Securing financing and extending debentures enhances financial stability, supporting ongoing operations and long-term business viability.

Negative Factors

Negative Revenue

Negative revenue indicates severe challenges in generating income, impacting the company's ability to sustain operations and growth.

High Debt Levels

High debt levels pose a risk to financial stability, limiting flexibility and increasing vulnerability to economic downturns.

Negative Cash Flow

Negative cash flows indicate unsustainable operations, requiring external financing to maintain liquidity and cover expenses.

Jaguar Financial Business Overview & Revenue Model

Company Description

Maritime Launch Services Inc. operates as a commercial space company in Nova Scotia. It is developing Spaceport Nova Scotia, a launch site that provides satellite delivery services, which enables clients in the commercial space transportation industry to place their satellites into low-earth orbit. The company is headquartered in Halifax, Canada.

How the Company Makes Money

Jaguar Financial (MAXQ) generates revenue primarily through management fees and performance-based incentives. The company charges a percentage of the assets under management (AUM) as a management fee, providing a steady income stream. Additionally, for certain investment products, Jaguar Financial earns performance fees based on the returns generated for clients, aligning the company's success with the success of its clients. The firm also benefits from consulting fees for advisory services, enhancing its diversified income portfolio. Strategic partnerships with financial institutions and investment funds further bolster its revenue, providing access to a broader client base and innovative financial products.

Jaguar Financial Financial Statement Overview

Summary

Financials are highly stressed: persistent and widening net losses (TTM net income -10.2M) with minimal/erratic revenue, negative operating cash flow and free cash flow (TTM FCF -1.88M), and elevated balance-sheet risk with negative equity (TTM -6.4M) alongside rising debt (TTM 16.1M). Reduced cash burn versus prior years is a minor offset but does not change the overall weak profile.

Income Statement

Results show persistent and sizable losses with no meaningful, stable revenue base (annual revenue is zero in most years, and TTM (Trailing-Twelve-Months) revenue is negative). Profitability is deeply negative, with TTM (Trailing-Twelve-Months) net income at -10.2M and losses widening versus 2024 (-6.2M) and 2023 (-4.4M). The main positive is that reported losses do not appear to be accompanied by accelerating revenue deterioration (since revenue is already minimal/erratic), but overall earnings quality and operating performance remain very weak.

Balance Sheet

Leverage and capital structure are the key concern. Stockholders’ equity is negative in TTM (Trailing-Twelve-Months) (-6.4M) and 2024 (-3.3M), indicating balance-sheet strain and limited loss-absorbing cushion. Debt has increased to 16.1M in TTM (Trailing-Twelve-Months) from 12.9M in 2024 and 9.5M in 2023, while total assets are roughly flat (~14.0M), implying rising financial risk. A prior period (2023) showed positive equity, but the subsequent deterioration and higher debt load outweigh that improvement.

Cash Flow

Cash generation is consistently negative: TTM (Trailing-Twelve-Months) operating cash flow is -1.86M and free cash flow is -1.88M, following negative free cash flow in each reported year. While the cash burn in TTM (Trailing-Twelve-Months) is smaller than 2023’s free cash flow (-3.39M) and materially better than 2022 (-7.57M), the company still is not self-funding. The relationship between free cash flow and net income can look “better” because both are negative, but the core issue remains ongoing cash outflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-49.22K	0.00	0.00	0.00	-1.57M	0.00
Gross Profit	-84.68K	-35.51K	-37.55K	-34.32K	-1.59M	0.00
EBITDA	-9.63M	-6.07M	-4.68M	-7.03M	-3.80M	-99.77K
Net Income	-10.19M	-6.22M	-4.40M	-7.45M	-4.32M	-563.79K
Balance Sheet
Total Assets	13.98M	14.11M	14.41M	11.63M	11.87M	16.91K
Cash, Cash Equivalents and Short-Term Investments	88.36K	74.81K	1.40M	2.97M	3.99M	50.00
Total Debt	16.07M	12.93M	9.47M	7.60M	7.41M	568.70K
Total Liabilities	20.42M	17.42M	12.98M	8.68M	13.83M	2.18M
Stockholders Equity	-6.44M	-3.31M	1.43M	2.95M	-1.96M	-2.16M
Cash Flow
Free Cash Flow	-1.88M	-1.64M	-3.39M	-7.57M	-4.74M	-6.37K
Operating Cash Flow	-1.86M	-1.60M	-2.40M	-4.35M	-1.98M	-6.37K
Investing Cash Flow	-7.79K	-13.57K	-920.98K	784.47K	-6.80M	0.00
Financing Cash Flow	1.93M	319.24K	1.82M	2.54M	12.67M	5.94K

Jaguar Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTG	78 Outperform	C$379.87M	26.87	17.40%	―	15.09%	31.55%
MAL	72 Outperform	C$1.32B	29.99	5.64%	0.93%	8.84%	131.58%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DPRO	52 Neutral	C$304.25M	-5.03	-48.13%	―	26.74%	53.14%
MAXQ	45 Neutral	C$548.52K	-2.29	-342.83%	―	-100.00%	-136.96%
DFSC	45 Neutral	C$5.18M	―	-208.64%	―	166.43%	75.12%
SNA	42 Neutral	C$14.88M	-3.23	―	―	-45.86%	36.73%

Jaguar Financial Corporate Events

Maritime Launch Taps Former Spaceport Cornwall Leader to Drive Nova Scotia Orbital Launch Readiness

Maritime Launch Services has appointed Melissa Quinn as Vice President of Spaceport Operations to lead the transition of Spaceport Nova Scotia from development to full operational capability as Canada prepares for its first orbital launches. Quinn, on secondment from strategic partner MDA Space and formerly head of Spaceport Cornwall in the UK, brings extensive experience in licensed spaceport development, regulatory coordination, sustainability planning, and community engagement, positioning Spaceport Nova Scotia as a future world-class launch site that supports sovereign launch capability, national resilience, and broader economic and strategic objectives for Nova Scotia and Canada.

The most recent analyst rating on (TSE:MAXQ) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Jaguar Financial stock, see the TSE:MAXQ Stock Forecast page.

Maritime Launch Services Strengthens Board with Ian McLeod Appointment

Maritime Launch Services has appointed Ian McLeod to its Board of Directors, marking a significant step as the company advances its orbital launch capabilities in Canada. McLeod, with over 30 years of experience in the space and defense sectors, will bring valuable expertise to the board, enhancing strategic growth and international partnerships. His appointment aligns with Maritime Launch’s efforts to strengthen Canada’s space infrastructure and position itself as a trusted launch services provider, particularly with the development of Spaceport Nova Scotia.

Maritime Launch Advances Spaceport Nova Scotia with Successful Suborbital Launch

Maritime Launch Services Inc. successfully completed its second suborbital launch demonstration from Spaceport Nova Scotia in partnership with T-Minus Engineering. This milestone advances the operational readiness of the spaceport, enhancing Canada’s sovereign launch capability. The launch, which included a STORIES of Space payload, demonstrated the potential for public engagement in space exploration and highlighted the impact of small payload opportunities on STEM learning and innovation. The mission also contributed to the development of Canada’s capacity in hypersonic flight testing and near-space research, as well as the maturation of infrastructure and personnel readiness for future orbital launches.

Maritime Launch Services Completes Full Debenture Conversion Post $10M Equity Boost

Maritime Launch Services announced the full conversion of its outstanding convertible debentures into common shares, following a $10 million equity investment. This move results in the retirement of all convertible debentures and increases the company’s total outstanding common shares to 749,955,801, potentially strengthening its financial position and market presence.

MDA Space Invests $10 Million in Maritime Launch to Boost Canada’s Space Capabilities

MDA Space Ltd. has made a $10 million equity investment in Maritime Launch Services, marking a significant step in enhancing Canada’s sovereign space capabilities. This investment is expected to accelerate the readiness of Spaceport Nova Scotia for orbital launch operations, providing a reliable domestic launch capability for various clients and strengthening the Canadian space industry’s infrastructure. The partnership is poised to create economic benefits across Canada, including job creation and local supply-chain development, while also positioning the country as a competitive player in the global launch services market.

EDC Invests $10 Million in Maritime Launch for Spaceport Nova Scotia Development

Export Development Canada (EDC) has committed a $10 million credit facility to Maritime Launch Services to expedite the development of Spaceport Nova Scotia, aiming for its first orbital launch. This investment is a significant step in enhancing Canada’s position in the global space economy, providing sovereign launch capabilities, and fostering economic growth and technological innovation in the region. The development of Spaceport Nova Scotia is expected to bring substantial economic benefits to Nova Scotia and Atlantic Canada, including job creation and the growth of a local supply chain supporting the space industry.