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Martello Technologies Group Inc (TSE:MTLO)
:MTLO
Canadian Market
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Martello Technologies Group Inc (MTLO) AI Stock Analysis

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TSE:MTLO

Martello Technologies Group Inc

(MTLO)

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Neutral 41 (OpenAI - Gpt-5.6Sol)
Rating:41Neutral
Price Target:
C$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/19/26
The overall score is dragged down primarily by very weak financial fundamentals (declining revenue, heavy losses, negative equity, and continued cash burn). Technical indicators are mixed and do not provide strong upward confirmation, while valuation metrics offer limited support because earnings are negative and no dividend yield is available.
Positive Factors
High Gross Margin
The high gross margin indicates that Martello’s software offerings can generate substantial value after direct delivery costs. If revenue stabilizes, this margin profile could support improved operating leverage, although current losses remain a major constraint.
Negative Factors
Sharp Revenue Decline
A deteriorating revenue base weakens operating leverage and makes it harder to absorb fixed product, sales, and administrative costs. Continued contraction could reduce market relevance, constrain investment capacity, and delay any path toward sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
The high gross margin indicates that Martello’s software offerings can generate substantial value after direct delivery costs. If revenue stabilizes, this margin profile could support improved operating leverage, although current losses remain a major constraint.
Read all positive factors

Martello Technologies Group Inc (MTLO) vs. iShares MSCI Canada ETF (EWC)

Martello Technologies Group Inc Business Overview & Revenue Model

Company Description
Martello Technologies Group Inc. (MTLO.V) delivers digital experience monitoring (DEM) software solutions to a worldwide clientele, with its reach extending throughout Canada, the United States, Europe, Asia, Latin America, and Australia. The comp...
How the Company Makes Money
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Martello Technologies Group Inc Financial Statement Overview

Summary
Financial performance is very weak: revenue has fallen sharply, profitability is deeply negative (large operating and net losses despite high gross margin), equity is negative, and operating/free cash flow remain negative—indicating ongoing cash burn and elevated financing risk.
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
20
Very Negative
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Jun 2022
Income Statement
Total Revenue11.65M11.87M14.53M15.77M16.10M17.54M
Gross Profit10.08M10.20M12.53M13.83M15.91M15.91M
EBITDA-8.22M-10.19M-2.09M-1.95M-3.34M-4.45M
Net Income-10.50M-13.02M-5.70M-5.74M-25.19M-8.22M
Balance Sheet
Total Assets6.53M7.26M19.23M20.56M41.94M49.69M
Cash, Cash Equivalents and Short-Term Investments2.81M2.87M6.69M7.72M2.22M5.02M
Total Debt16.33M15.74M12.40M10.97M10.64M11.39M
Total Liabilities21.97M23.14M22.33M19.82M22.26M23.05M
Stockholders Equity-15.43M-15.88M-3.10M738.68K-1.27M19.68M
Cash Flow
Free Cash Flow-3.48M-5.59M-3.08M-273.77K-4.67M-6.40M
Operating Cash Flow-3.42M-5.58M-3.06M-253.39K-4.65M-6.35M
Investing Cash Flow83.69K93.17K-13.88K-20.38K-14.34K-8.36M
Financing Cash Flow1.65M1.65M2.00M5.79M2.02M1.23M

Martello Technologies Group Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
C$6.50B80.408.07%4.05%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
C$119.40M79.961.68%15.99%
54
Neutral
C$182.70M-20.52-3.18%-11.32%6.86%
53
Neutral
C$13.68M-17.27-19.60%-27.64%-2400.00%
41
Neutral
C$2.92M-0.28105.23%-15.68%-47.54%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MTLO
Martello Technologies Group Inc
0.01
-0.01
-50.00%
TSE:BB
BlackBerry
11.09
5.91
114.09%
TSE:STC
Sangoma Technologies
5.49
-2.20
-28.61%
TSE:NBVA
Nubeva Technologies Ltd
0.20
0.12
143.75%
TSE:HAI
Haivision Systems
4.35
-0.35
-7.45%
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

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.Date of analysis: Aug 19, 2026