Axiom Capital Advisors (WHIP) AI Stock Analysis

• Market Cap: C$1.92M
• Dividend Yield: N/A
• Average Volume (3M): 355.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.31
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 127,805,370
• 10 Day Avg. Volume: 161,763
• 30 Day Avg. Volume: 355,672
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.35
• 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: 46 Neutral
• Price Target: C$0.02 ▲(50.00% Upside)

The score is primarily weighed down by very weak financial performance (near-zero revenue, sizable losses, and ongoing cash burn). Technical indicators provide some near-term momentum support, but valuation remains unattractive due to negative earnings and no dividend.

Positive Factors

Manageable Leverage

Current debt-to-equity near 0.39–0.44 and positive equity provide a tangible solvency cushion. That capitalization gives management time and optionality to pursue restructuring or financing without immediate insolvency pressure, supporting a durable runway if losses moderate.

Prior Profitability Evidence

Historical episodes of small-scale revenue and profitability (FY2022) indicate the business model has delivered viable economics in the past. This suggests product-market fit is not impossible and increases the plausibility of a sustainable recovery if execution and go-to-market strategies are corrected.

Transparent Cash Dynamics

Cash flow moving in step with reported net losses improves forecastability and reduces accounting opacity. That alignment aids financial planning and supports durable capital-allocation decisions, making it easier for management and investors to size financing needs and monitor recovery progress.

Negative Factors

Revenue Collapse

Near-zero revenue removes the company’s primary pathway to self-funding and scalable margins. Without recurrent top-line, operating leverage cannot be realized, making sustainable profitability unlikely absent a material and durable revenue recovery or a rapid strategic pivot.

Persistent Cash Burn

Consistent negative operating and free cash flow increases dependence on external financing and heightens dilution or refinancing risk. The ~47.6% year-over-year decline in free cash flow signals worsening burn, constraining strategic investments and reducing margin for execution errors over months.

Widening Losses

Large, widening operating and net losses erode equity and limit reinvestment capacity. Persistent negative returns depress long-term ROE, hinder talent and partner attraction, and increase the likelihood of future capital raises which can be dilutive and impair recovery prospects absent durable margin improvement.

Axiom Capital Advisors Business Overview & Revenue Model

Company Description

Credissential Inc. develops financial technology to transform financial services in Canada. The company offers Credissential and Dealerflow for identity protection, credit building, budgeting, and asset optimization.The company was formerly known as Impact Analytics Inc. and changed its name to Credissential Inc. in September 2024. Credissential Inc. was incorporated in 2020 and is headquartered in Calgary, Canada.

How the Company Makes Money

Axiom Capital Advisors Financial Statement Overview

Summary

Financial quality is weak: revenue is effectively zero in the most recent periods while operating and net losses are sizable and widening. Cash burn remains meaningful with negative operating/free cash flow, increasing financing risk. The balance sheet shows positive equity and moderate leverage currently, but sustained losses could erode capital.

Income Statement

Results have deteriorated sharply: revenue is effectively zero in the most recent periods (TTM (Trailing-Twelve-Months) and FY2025), while losses expanded materially (TTM operating loss of about -$7.4M and net loss of about -$5.0M; FY2025 net loss of about -$12.9M). Earlier years showed small-scale revenue and occasional profitability (notably FY2022), but the trajectory since FY2023/FY2024 reflects collapsing revenue and a sustained, widening loss profile—signaling weak operating leverage and limited visibility to near-term earnings recovery.

Balance Sheet

Leverage looks manageable in the latest periods with debt-to-equity around 0.39–0.44 (TTM (Trailing-Twelve-Months) and FY2025), and equity is positive (about $1.31M TTM (Trailing-Twelve-Months)). However, profitability is deeply negative, leading to weak returns on equity (roughly -12.5% TTM (Trailing-Twelve-Months)). The balance sheet has also shown past volatility (very high leverage in FY2024 when equity was small), so while current capitalization is better, continued losses could pressure equity again.

Cash Flow

Cash generation is a key weakness: operating cash flow and free cash flow are meaningfully negative (TTM (Trailing-Twelve-Months) about -$1.67M; FY2025 about -$3.19M). Free cash flow also declined year over year in TTM (Trailing-Twelve-Months) (down ~47.6%), indicating worsening cash burn. While cash flow broadly tracks net losses (free cash flow is roughly in line with net income), the business is not self-funding today, increasing reliance on external financing or cost reductions.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	22.16K	60.71K	104.32K	40.00K
Gross Profit	0.00	0.00	22.16K	60.71K	104.32K	40.00K
EBITDA	-7.44M	-12.33M	-2.67M	1.34K	47.05K	-112.61K
Net Income	-5.05M	-12.88M	-2.80M	1.11K	46.74K	-154.50K
Balance Sheet
Total Assets	2.82M	3.06M	977.88K	10.53K	23.60K	5.68K
Cash, Cash Equivalents and Short-Term Investments	1.26K	1.31K	195.14K	10.35K	5.87K	2.49K
Total Debt	508.86K	618.80K	300.00K	0.00	0.00	0.00
Total Liabilities	1.50M	1.65M	866.90K	6.87K	21.05K	49.87K
Stockholders Equity	1.31M	1.41M	110.98K	3.66K	2.55K	-44.19K
Cash Flow
Free Cash Flow	-1.67M	-3.19M	-2.59M	18.44K	32.56K	-89.28K
Operating Cash Flow	-1.67M	-3.19M	-2.59M	18.44K	32.56K	-89.28K
Investing Cash Flow	0.00	-25.00K	0.00	0.00	-181.00	0.00
Financing Cash Flow	1.67M	3.02M	2.77M	-13.95K	-29.00K	44.04K

Axiom Capital Advisors Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RM	54 Neutral	C$151.09M	-4.06	-106.58%	―	―	51.07%
WNDR	51 Neutral	C$199.53M	-5.74	-31.23%	―	13.16%	-1375.61%
LQWD	49 Neutral	C$34.21M	-4.06	-21.52%	―	782.42%	-63.88%
WHIP	46 Neutral	C$1.92M	-0.13	―	―	―	―

Axiom Capital Advisors Corporate Events

Credissential Sees Management Cease Trade Order Revoked, Trading Restrictions Lifted

Credissential Inc. announced that the management cease trade order imposed on its securities by the Alberta Securities Commission on October 31, 2025, has been revoked, effective January 3, 2026, meaning trading in the company’s shares is no longer subject to those restrictions. The removal of the order restores normal market trading for Credissential’s stock and is a key step in stabilizing its market presence, with management publicly acknowledging regulatory cooperation and signaling a reset of its standing with investors and regulators.

The most recent analyst rating on (TSE:WHIP) stock is a Hold with a C$0.01 price target. To see the full list of analyst forecasts on Axiom Capital Advisors stock, see the TSE:WHIP Stock Forecast page.

Credissential Extends Management Cease Trade Order as Complex Audit Nears Completion

Credissential Inc. has issued a bi-weekly update on the status of its Management Cease Trade Order, which remains in effect for its CEO and CFO due to a delay in filing audited annual financial statements and related disclosure for the year ended June 30, 2025. The company attributes the prolonged audit process to the complexity of consolidating two acquisitions, accounting for convertible note financings, and additional reconciliation work following a transition of day-to-day accounting to a new advisory firm, though its external auditor remains unchanged. While the audit firm has committed to completing the audit by December 31, 2025, no specific release date for the filings has been provided, and Credissential has asked that the trading ban on management stay in place until the expected filing date, emphasizing that public trading in its shares is unaffected and that there have been no material changes or undisclosed information since its initial default announcement.

Credissential Faces Audit Delays, Maintains MCTO

Credissential Inc., a vertically integrated AI software development company, is currently under a Management Cease Trade Order (MCTO) due to delays in filing its audited annual financial statements. The delay is attributed to the complexity of the fiscal year, including acquisitions and convertible note financings, as well as the transition to a new accounting firm. The company expects to complete the audit by December 31, 2025, and will continue to provide biweekly updates until the filings are completed.

Credissential Faces Audit Delays, Extends MCTO

Credissential Inc., a vertically integrated AI software development company, is currently under a Management Cease Trade Order (MCTO) due to delays in filing its audited annual financial statements. The delay is attributed to the complexity of consolidating acquisitions and accounting for convertible note financings, as well as a transition to a new accounting firm. The company expects to complete the audit by December 31, 2025, and will continue to provide biweekly updates until the filings are made.

Credissential Faces Filing Delays Amid Complex Transactions

Credissential Inc., an AI-driven financial software developer, is currently under a Management Cease Trade Order (MCTO) due to delays in filing its audited annual financial statements. The delay is attributed to the complexity of consolidating two acquisitions and convertible note financings, which required extensive audit procedures. The company’s shares remain tradable for the public, and it is working with auditors to complete the filings by November 29, 2025. Credissential continues to issue biweekly updates in compliance with regulatory guidelines, ensuring transparency with stakeholders.

Credissential Completes Convertible Note Financing to Bolster Operations

Credissential Inc., a vertically integrated AI software development company, has successfully closed the final tranche of its convertible note offering, raising $150,000 CAD. The proceeds from this offering were used to repay certain debts and for working capital purposes. The convertible notes, which are senior unsecured obligations, offer a 20% annual interest rate and are convertible into common shares. This financial maneuver positions Credissential to strengthen its market presence and operational capabilities.

Credissential Faces Audit Delays, Announces Management Cease Trade Order

Credissential Inc. has announced a Management Cease Trade Order (MCTO) due to delays in completing its annual audit, which has prevented the company from filing its financial statements by the deadline. The delay is attributed to the complexity of consolidating two acquisitions and convertible note financings, requiring additional audit procedures. While the company’s CFO and CEO are restricted from trading, the public can continue trading the company’s shares. Credissential expects to complete the filings by November 29, 2025, and will issue updates as required.

Credissential Faces Filing Delays Amid Complex Financial Transactions

Credissential Inc., a company specializing in AI-powered financial services software, has announced a delay in filing its annual financial statements due to complexities arising from recent acquisitions and convertible note financings. This delay has led to the issuance of a Management Cease Trade Order (MCTO) by the British Columbia Securities Commission, affecting the trading abilities of the company’s CEO and CFO until the filings are completed. The company is actively working with its auditors to resolve the issues and expects to file the necessary documents by November 29, 2025, while keeping stakeholders informed through regular updates.