Zoglo's Incredible Food Corp. (ZOG.X) AI Stock Analysis

• Market Cap: C$819.12K
• Dividend Yield: N/A
• Average Volume (3M): 4.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.47
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Distribution
• EPS (TTM): >-0.01
• Shares Outstanding: 16,382,425
• 10 Day Avg. Volume: 8,407
• 30 Day Avg. Volume: 4,302
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: 44 Neutral
• Price Target: C$0.04 ▲(10.00% Upside)
• Action: Reiterated Date: 01/09/26
• Date: Action: Reiterated 01/09/26

The score is held down primarily by very weak financial performance (zero recent revenue, ongoing losses, negative equity, and renewed cash burn). Technicals provide some offset with the price trending above key moving averages, but overbought/soft momentum indicators temper the signal. Valuation support is limited because earnings are negative and no dividend yield is available.

Positive Factors

Plant-based product focus

Zoglo's core business targets plant-based meat alternatives, a structural consumer and retail trend toward vegan and flexitarian options. This enduring category demand expands the addressable market and supports long-term shelf space and foodservice opportunities if production and distribution are restored.

Lower reported debt in 2024

A marked reduction in reported debt materially lowers near-term interest and leverage pressure, improving short-term solvency headroom. Lower financial obligations increase strategic flexibility to pursue restructuring, partnerships, or targeted reinvestment without immediate refinancing strain.

Improved net loss in 2024

A meaningful improvement in net loss signals progress toward stabilizing operations and cost structure. If sustained, narrowing losses reduce future financing needs, provide a clearer path to break-even, and make operational turnarounds or scaled relaunches more feasible over the medium term.

Negative Factors

Revenue fell to zero

A complete drop to zero reported revenue erodes the firm's fundamental business capacity and indicates severe distribution, production, or reporting disruption. Without demonstrable revenue recovery, fixed costs, customer relationships, and brand traction risk permanent impairment across months to quarters.

Negative shareholders' equity

Sustained negative equity constrains the company's ability to raise debt or equity on reasonable terms and raises creditor and restructuring risk. This capital impairment reduces resilience to shocks and can force dilutive recapitalizations or asset sales to restore balance-sheet health.

Ongoing cash burn

Persistent negative operating and free cash flow indicates the business cannot self-fund operations or rebuild inventory and distribution. Continued cash burn necessitates external financing, which risks dilution or covenant pressure and limits the company's ability to invest in product or route-to-market recovery.

Zoglo's Incredible Food Corp. Business Overview & Revenue Model

Company Description

Zoglo's Incredible Food Corp., a plant-based food company, designs, develops, produces, distributes, and sells plant-based meat alternative products in Canada. It offers plant-based appetizers, veggies, and meat substitutes to fulfill consumers. The company is headquartered in Markham, Canada.

How the Company Makes Money

Zoglo's Incredible Food Corp. generates revenue primarily through the sale of its plant-based food products. The company distributes its products through various channels, including retail grocery stores, food service providers, and online platforms, ensuring broad market reach. Key revenue streams include wholesale agreements with supermarkets and partnerships with restaurants looking to expand their plant-based offerings. Zoglo's may also engage in co-branding or collaborations with other food companies to enhance its market presence and leverage shared marketing efforts. The company's earnings are significantly influenced by the increasing consumer trend towards sustainable and health-focused eating habits, which drives demand for its innovative plant-based products.

Zoglo's Incredible Food Corp. Financial Statement Overview

Summary

Financial quality is very weak: revenue fell to zero in 2023–2024, losses persist (negative EBIT and net income), equity is negative in 2022–2024 (solvency risk), and 2024 returned to significant operating/free cash burn. Lower recent debt and a smaller net loss in 2024 are positives but do not offset the core deterioration.

Income Statement

Results show persistent losses and an unstable revenue profile. Revenue was positive in 2021–2022 but fell to zero in 2023–2024 (2024 revenue growth -100%), indicating a severe contraction or reporting/business disruption. Profitability is weak: gross profit was negative in the last year with revenue (2022), and operating losses have continued across all periods (EBIT negative each year). Net income improved sharply in 2024 versus 2023, but it remains negative, so the earnings recovery is incomplete.

Balance Sheet

The balance sheet is stressed by negative shareholders’ equity in 2022–2024, which limits financial flexibility and increases solvency risk. Total debt is relatively low in the most recent year (2024 debt 5.9k), and leverage was reduced substantially from 2023 (debt 40.0k), which is a positive step. However, the negative equity position and shrinking asset base (assets down materially from 2022 to 2024) outweigh the benefit of lower debt and point to ongoing capital impairment.

Cash Flow

Cash generation is volatile and recently deteriorated. Operating and free cash flow were negative in 2024 (-692k), reversing the modest positive cash flow seen in 2023 (~9.9k). Earlier years also showed meaningful cash burn (notably 2021 and 2022), suggesting the business has not established consistent self-funding operations. While free cash flow moved in tandem with net income in several years, the latest period shows significant cash outflow that heightens near-term funding and liquidity pressure.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Zoglo's Incredible Food Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZOG.X, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 64.27 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ZOG.X.

Zoglo's Incredible Food Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
OGO	48 Neutral	C$137.22M	-10.12	266.90%	―	132.78%	34.00%
NPRA	48 Neutral	C$14.29M	33.38	―	―	69.12%	43.02%
PNGA	48 Neutral	C$13.40M	-2.15	-241.90%	―	-49.04%	15.66%
ZOG.X	44 Neutral	C$819.12K	-5.75	―	―	―	―