Star Navigation Systems (SNA) AI Stock Analysis

• Market Cap: C$14.88M
• Dividend Yield: N/A
• Average Volume (3M): 248.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: -45.86%
• EPS Growth: 36.73%
• Country: US
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): N/A
• Shares Outstanding: 1,487,535,900
• 10 Day Avg. Volume: 142,245
• 30 Day Avg. Volume: 248,384
• PEG Ratio: 0.08
• Price to Book (P/B): -2.14
• Price to Sales (P/S): 172.99
• P/FCF Ratio: -72.88
• 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: 42 Neutral
• Price Target: C$0.01 ▲(0.00% Upside)

The score is primarily weighed down by very weak financial fundamentals (tiny and declining revenue, severe losses, negative equity, and ongoing cash burn). Technicals are not providing a strong offset (negative MACD and trading below the 50-day average), and valuation metrics are not attractive given unprofitability. Corporate events are a mild positive (new partnership and added liquidity), but they do not materially change the high-risk profile.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing demand for Star Navigation's products, suggesting potential for market expansion and improved financial performance.

Debt Reduction

Reducing debt through shares for debt transaction improves financial stability and provides more resources for operational and market development.

Product Development

Investment in the STAR-A.D.S.® system can enhance product offerings and competitiveness, potentially leading to increased market share and revenue.

Negative Factors

Negative Equity

Negative equity reflects financial instability, posing risks to long-term sustainability and limiting the company's ability to invest in growth opportunities.

Cash Flow Deficiencies

Negative cash flows highlight liquidity issues, restricting the company's ability to fund operations and growth initiatives without external financing.

Leadership Changes

Leadership changes can disrupt strategic direction and continuity, potentially impacting the company's ability to navigate challenges and execute long-term plans.

Star Navigation Systems Business Overview & Revenue Model

Company Description

Star Navigation Systems Group Ltd. develops, markets, and sells in-flight safety monitoring systems (ISMS) worldwide. The company provides STAR-ISMS, an aircraft computer that combines in-flight data monitoring, diagnostics, and data analysis with real time connections between the aircraft and the ground using real-time satellite transmission. It also offers STAR airborne data service that offers real-time monitoring, data analysis, aircraft health and flight operation status, and real-time position information. In addition, the company provides STAR-M.M.I. that repairs, performs qualification tests, and supports onboard LCD flat screen displays for cockpits of fixed wing aircraft and helicopters for civilian and military applications. The company was founded in 2000 and is headquartered in Brampton, Canada.

How the Company Makes Money

Star Navigation Systems makes money primarily through the sale and licensing of its proprietary software solutions and hardware products. The company's key revenue streams include subscription fees for real-time aircraft monitoring services, sales of onboard equipment, and data analytics services. Additionally, SNA may engage in significant partnerships with airlines, aircraft manufacturers, and military organizations to expand its market reach and drive further revenue through collaborative projects and long-term contracts.

Star Navigation Systems Financial Statement Overview

Summary

Financials are highly distressed: TTM revenue is extremely small ($68k) and down ~8.4%, profitability is deeply negative (negative gross profit and very large operating losses), equity is negative (~-$6.0M), and the company is still burning cash (TTM operating cash flow and free cash flow about -$0.44M). Cash burn has improved versus prior years, but the business remains structurally unprofitable and capital-constrained.

Income Statement

TTM (Trailing-Twelve-Months) revenue is very small ($68k) and down ~8.4% versus the prior period, highlighting weak scale and limited commercial traction. Profitability is severely challenged: gross profit is negative and operating losses are extremely large relative to sales (TTM net margin around -59% with similarly deep operating and EBITDA losses). While losses have been somewhat smaller than the 2024 annual level, the business remains structurally unprofitable with no clear evidence of margin stabilization.

Balance Sheet

The balance sheet is distressed, with negative shareholders’ equity in the most recent periods (TTM equity about -$6.0M), which reduces financial flexibility and increases refinancing risk. Debt is relatively modest in absolute dollars (~$0.83M TTM), but leverage metrics are not meaningful with negative equity and still signal a weak capital position. Total assets are also small (~$0.56M TTM), suggesting limited asset backing relative to ongoing losses.

Cash Flow

Cash generation remains negative: TTM operating cash flow and free cash flow are both about -$0.44M, indicating continued cash burn. A positive datapoint is that cash burn has improved meaningfully versus prior years (e.g., 2024 operating cash flow was much more negative), but the company is still not self-funding. Free cash flow largely mirrors net loss, suggesting limited non-cash offsets and continued reliance on external funding to sustain operations.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	68.38K	74.68K	127.68K	58.04K	25.13K	108.95K
Gross Profit	-360.35K	-57.62K	-1.81M	-1.77M	-852.13K	55.77K
EBITDA	-3.86M	-3.72M	-5.44M	-5.21M	-4.10M	84.36K
Net Income	-4.06M	-3.92M	-5.82M	-4.99M	-4.44M	-2.82M
Balance Sheet
Total Assets	560.82K	545.34K	984.46K	2.50M	1.19M	1.51M
Cash, Cash Equivalents and Short-Term Investments	0.00	0.00	152.94K	1.05M	-966.60K	276.92K
Total Debt	833.79K	831.59K	869.56K	1.26M	1.43M	2.58M
Total Liabilities	6.59M	6.57M	4.22M	3.04M	3.86M	4.94M
Stockholders Equity	-6.03M	-6.03M	-3.23M	-540.08K	-2.68M	-3.43M
Cash Flow
Free Cash Flow	-440.87K	-177.28K	-1.59M	-3.07M	-2.48M	-2.10M
Operating Cash Flow	-440.87K	-177.28K	-1.59M	-2.95M	-2.47M	-2.08M
Investing Cash Flow	0.00	0.00	0.00	-123.75K	-71.05K	-15.75K
Financing Cash Flow	319.78K	-59.60K	697.86K	4.12M	2.19M	2.34M

Star Navigation Systems 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%
MDA	70 Outperform	C$4.64B	41.19	8.88%	―	57.77%	57.55%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DPRO	52 Neutral	$304.25M	-5.03	-48.13%	―	26.74%	53.14%
DFSC	45 Neutral	C$5.18M	―	-208.64%	―	166.43%	75.12%
SNA	42 Neutral	C$14.88M	-3.23	―	―	-45.86%	36.73%

Star Navigation Systems Corporate Events

Star Navigation Expands into Renewable Energy with Aquagreen Partnership

Star Navigation Systems Group Ltd. has entered into a strategic Monitoring & Tracking Supply Agreement with Aquagreen Energy Systems Inc., marking its expansion into the renewable energy sector. This move allows Star to leverage its real-time diagnostics and tracking technology in a new vertical with faster sales cycles and significant global deployment potential. The agreement positions Star as the exclusive provider of monitoring and diagnostics for Aquagreen’s Hydrotor generator systems, which are gaining attention for their clean, scalable, and efficient energy production. This collaboration is expected to enhance Star’s market positioning by integrating its technology into the Hydrotor system, supporting the transition to renewable energy globally.

Star Navigation Corrects MOU Partner to Aquagreen Energy

Star Navigation Systems Group Ltd. announced a correction to its previous press release, clarifying that the Memorandum of Understanding was signed with Aquagreen Energy Systems Inc., not Hydrotor Technologies Inc. This correction is significant as it involves Aquagreen’s innovative magneto-fluidic renewable power system, which could impact Star’s strategic positioning in the renewable energy sector.