Sharc International Systems Inc (TSE:SHRC)
:SHRC
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Sharc International Systems Inc
(SHRC)
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Rating:47Neutral
Price Target:
C$0.14
▲(104.29% Upside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (persistent losses, negative free cash flow, and negative equity with rising debt). Technical momentum is a positive (price above major averages and positive MACD) but appears overbought, and valuation support is limited due to losses and no dividend.
Positive Factors
Revenue Growth Momentum
SHARC has delivered consecutive high percentage revenue gains (2024 and 2025) off a small base, signalling accelerating customer adoption and expanding project wins. Durable top-line growth supports scaling of project expertise, reference installations and long-term pipeline development even if absolute size remains modest.
Negative Factors
Consistent Negative Cash Flow
Persistent negative operating and free cash flows, including a ~35% FCF deterioration in 2025, indicate the business cannot self-fund growth. Ongoing cash burn forces reliance on external financing, constrains reinvestment in R&D or backlog execution, and elevates dilution and refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
SHARC has delivered consecutive high percentage revenue gains (2024 and 2025) off a small base, signalling accelerating customer adoption and expanding project wins. Durable top-line growth supports scaling of project expertise, reference installations and long-term pipeline development even if absolute size remains modest.
Read all positive factors
Sharc International Systems Inc (SHRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.62M
Dividend YieldN/A
Average Volume (3M)24.35K
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth40.39%
EPS Growth8.97%
CountryCA
Employees14
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.02
Shares Outstanding164,144,420
10 Day Avg. Volume46,938
30 Day Avg. Volume24,350
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)-3.94
Price to Sales (P/S)3.75
P/FCF Ratio-5.99
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
Sharc International Systems Inc Business Overview & Revenue Model
Company Description
Sharc International Systems Inc. provides wastewater heat exchange products and services for commercial, industrial, public utilities, and residential development projects in Canada and internationally. It offers SHARC, a wastewater energy transfe...
How the Company Makes Money
The company primarily makes money by selling and delivering wastewater energy recovery and related heating/cooling system solutions. Key revenue streams include: (1) product and system sales (including SHARC-branded wastewater heat-recovery units ...
Sharc International Systems Inc Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
14
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.04M | 2.17M | 1.59M | 1.94M | 2.70M |
| Gross Profit | -1.42M | 914.22K | -2.21M | 560.46K | 991.08K |
| EBITDA | -2.78M | -3.47M | -3.50M | -3.80M | -1.81M |
| Net Income | -3.48M | -3.72M | -3.90M | -4.82M | -3.04M |
Balance Sheet | |||||
| Total Assets | 2.10M | 3.91M | 3.46M | 3.15M | 5.97M |
| Cash, Cash Equivalents and Short-Term Investments | 262.51K | 818.26K | 1.24M | 1.07M | 3.15M |
| Total Debt | 3.41M | 2.16M | 141.15K | 3.99M | 4.99M |
| Total Liabilities | 4.99M | 3.89M | 754.65K | 5.10M | 5.51M |
| Stockholders Equity | -2.89M | 23.41K | 2.71M | -1.95M | 457.02K |
Cash Flow | |||||
| Free Cash Flow | -1.91M | -2.14M | -3.47M | -1.68M | -2.70M |
| Operating Cash Flow | -1.90M | -2.12M | -3.46M | -1.56M | -2.59M |
| Investing Cash Flow | 45.55K | -129.32K | -13.65K | -120.85K | -133.68K |
| Financing Cash Flow | 1.30M | 1.83M | 3.65M | -401.13K | 2.78M |
Sharc International Systems Inc Technical Analysis
Positive
0.07
Price Trends
0.10
Positive
0.10
Positive
0.09
Positive
Market Momentum
0.02
Negative
82.93
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SHRC, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.10, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 82.93 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SHRC.
Sharc International Systems Inc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$51.41M | 49.28 | 37.34% | ― | 22.66% | 78.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | C$28.17M | 22.52 | 13.24% | ― | 9.19% | 711.11% | |
48 Neutral | C$7.78M | -2.58 | -7.46% | ― | -19.72% | 6.79% | |
47 Neutral | C$24.62M | -2.85 | 399.66% | ― | 40.39% | 8.97% | |
45 Neutral | C$2.47M | -3.65 | 388.29% | ― | -68.14% | -209.09% | |
44 Neutral | C$35.90M | -4.68 | -4.33% | ― | 15.41% | -23.30% |
* Industrials Sector Average
TSE:SHRC
Sharc International Systems Inc
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Sharc International Systems Inc Corporate Events
Business Operations and StrategyProduct-Related Announcements
SHARC Energy launches new BFO wastewater heat recovery system with Calgary order
Positive
Mar 4, 2026
SHARC Energy has secured a purchase order from a wastewater treatment plant in Calgary for its newly launched Back-Flush Only system, marking the commercial debut of a passive thermal energy transfer product designed for cleaner effluent streams w...
Private Placements and Financing
SHARC Energy Raises $300,000 in First Tranche of Convertible Debenture Financing
Positive
Feb 24, 2026
SHARC Energy has closed the first tranche of a non-brokered private placement of unsecured convertible debentures, raising $300,000 in principal at an annual interest rate of 8% with a three-year maturity. The debentures are convertible into commo...
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.