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NXT Energy Solutions Inc

Company price
0.39 CAD 0.00(0%)
Last update at 2026-11-03T14:30:00Z
Market Cap
49.58M

Momentum Score

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NXT Energy Solutions Inc., a technology company, provides geophysical services to the oil and gas industry through its proprietary gravity-based stress field detection (SFD) remote-sensing survey system in Canada and internationally. Its SFD technology, an airborne survey system, which utilizes the principles of quantum mechanics to infer stress anomalies of exploration interest by using both onshore and offshore to remotely identify areas conducive to fluid entrapment with commercial hydrocarbon and geothermal potential. The company was formerly known as Energy Exploration Technologies Inc. and changed its name to NXT Energy Solutions Inc. in September 2008. NXT Energy Solutions Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.

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Day Price Range
0.39
Low
0.39
High
52 Week Price Range
0.24
Low
0.93
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

NXT Energy Solutions Inc is a Canadian-listed company that historically developed and commercialized subsurface sensing technologies and services for hydrocarbon exploration and environmental applications. Long-term growth drivers may include improved demand for efficient exploration, technology licensing, and potential application of sensing tools in environmental and energy-transition projects, which could support revenues if management secures contracts and scales operations.
Investment risks include limited recent public disclosures and trading liquidity, uncertain commercial traction, exposure to oil-and-gas cyclicality, and execution and financing risk.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.39
Dividend Yield
-
Revenue TTM
16.35M
Revenue Per Share
0.17
Gross Profit TTM
10.59M
Debt / Equity
0.14
ROE
-31.74%
Net Debt
-1.42M
ROCE
-8.05%
Diluted EPS TTM
-0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -1.82M -9.08M -5.45M -6.73M -3.12M
Net income -2.32M -9.08M -5.45M -6.77M -3.09M
Selling general administrative 4.02M 3.74M 3.33M 3.74M 3.19M
Selling and marketing expenses - 0.30M 0.09M - -
Gross profit 8.67M -3.26M -1.86M -2.95M 0.13M
Reconciled depreciation 1.92M 1.89M 1.76M 1.77M 1.78M
Ebit -1.30M -8.33M -5.29M -6.70M -3.05M
Ebitda 0.62M -6.44M -3.53M -4.93M -1.27M
Depreciation and amortization 1.92M 1.89M 1.76M 1.77M 1.78M
Operating income 4.34M -7.31M -5.28M -6.70M -3.05M
Other operating expenses 12.01M 7.96M 7.43M 6.68M 6.19M
Interest expense 0.52M 0.75M 0.16M 0.03M 0.04M
Tax provision 0.50M 0.00M 0.00M 0.00M 0.00M
Interest income - 1.32M 0.15M 0.02M 0.05M
Net interest income -0.52M -0.75M -0.16M -0.04M -0.04M
Income tax expense 0.50M - -0.00M 0.03M -0.04M
Total revenue 16.35M 0.64M 2.15M 0.00M 3.13M
Total operating expenses 4.33M 4.05M 3.42M 3.74M 3.19M
Cost of revenue 7.68M 3.91M 4.01M 2.95M 3.00M
Total other income expense net -6.16M -1.77M -0.17M -0.03M -0.08M
Net income from continuing ops -2.32M -9.08M -5.45M -6.73M -3.12M
Net income applicable to common shares - -9.08M -5.45M -6.73M -3.12M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 19.31M 14.03M 15.18M 15.58M 21.58M
Intangible assets 8.07M 9.77M 11.47M 13.17M 14.87M
Other current assets 0.22M - 0.05M - 0.27M
Total liab 4.45M 14.29M 6.64M 3.48M 3.43M
Total stockholder equity 14.86M -0.26M 8.55M 12.09M 18.16M
Other current liab 0.98M - 1.84M 1.16M 0.40M
Common stock 115.50M - 98.18M 96.42M 95.78M
Capital stock 115.50M 98.26M 98.18M 96.42M 95.78M
Retained earnings -110.58M -108.26M -99.19M -93.74M -87.00M
Other liab - - - 0.02M 0.02M
Other assets - - - 0.25M 0.23M
Cash 3.58M 0.73M 0.40M 0.26M 2.26M
Cash and equivalents - - - 0.26M 2.26M
Total current liabilities 3.11M 7.79M 4.13M 2.04M 1.10M
Current deferred revenue - - -0.82M - -
Net debt -1.42M 9.05M 4.37M 1.92M 0.64M
Short term debt 0.84M - 2.30M 0.76M 0.60M
Short long term debt 0.09M 4.92M 1.84M - -
Short long term debt total 2.15M - 4.78M 2.18M 2.90M
Other stockholder equity 9.95M - 9.55M 9.40M 9.38M
Property plant equipment - - - 1.80M 2.57M
Total current assets 8.37M 1.11M 2.28M 0.36M 3.91M
Net tangible assets - - - - 3.29M
Short term investments 0.34M - - 0.00M 0.55M
Net receivables 4.23M 0.02M 1.83M 0.06M 0.84M
Long term debt 0.49M 4.86M 2.23M 0.82M 0.94M
Accounts payable 0.79M 0.19M 0.82M 0.12M 0.10M
Non currrent assets other - - 0.25M 0.25M 0.23M
Non current assets total 10.94M 12.92M 12.90M 15.22M 17.67M
Capital lease obligations 1.57M 2.30M 0.60M 1.25M 1.90M
Long term debt total - - - 1.42M 2.30M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -0.35M -0.03M -0.03M 0.55M -0.21M
Change to liabilities - - - 0.00M -0.11M
Total cashflows from investing activities -0.44M -0.03M -0.03M 0.55M -0.27M
Net borrowings -0.68M 4.26M 3.35M - 0.85M
Total cash from financing activities 2.21M 4.31M 5.01M 0.39M 0.88M
Change to operating activities - - - - 0.00M
Net income -2.32M -9.08M -5.45M -6.73M -3.12M
Change in cash 2.85M 0.33M 0.14M -1.99M -0.43M
Begin period cash flow 0.73M 0.40M 0.26M 2.26M 2.69M
End period cash flow 3.58M 0.73M 0.40M 0.26M 2.26M
Total cash from operating activities 1.16M -3.97M -4.83M -2.93M -1.03M
Issuance of capital stock 2.84M 0.00M 1.63M 0.43M -
Depreciation 1.92M 2.15M 1.76M 1.77M 1.78M
Other cashflows from investing activities - - - 0.55M -0.21M
Change to inventory - - 0.00M - -
Change to account receivables -4.16M 1.72M -1.84M 0.78M 0.12M
Sale purchase of stock - 0.04M 1.66M 0.48M 0.07M
Other cashflows from financing activities - -0.36M 0.04M 0.05M 1.03M
Change to netincome - - - 0.27M 0.30M
Capital expenditures 0.09M 0.03M 0.03M 0.00M 0.07M
Change in working capital -4.27M 1.50M -1.29M 1.76M 0.01M
Stock based compensation 0.70M 0.27M 0.24M 0.22M 0.29M
Other non cash items 5.12M 1.46M -0.09M 0.06M 0.01M
Free cash flow 1.07M -4.00M -4.86M -2.93M -1.10M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Equipment & Services

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SFD
NXT Energy Solutions Inc
-
-%
0.39 - 9.60 3.03 3.25 2.86 75.69
EFX
Enerflex Ltd.
-3.12
9.52%
29.59 44.54 15.80 1.50 2.60 1.33 8.44
CEU
CES Energy Solutions Corp
-1.57
7.68%
18.88 19.15 17.92 1.48 4.60 1.67 10.57
TVK
Terravest Capital Inc
-3.09
2.79%
107.53 32.39 57.14 1.91 4.02 2.52 11.60
TCW
Trican Well Service Ltd.
-0.30
4.73%
6.14 11.28 10.49 1.23 1.92 1.31 5.99

Profile*

NXT Energy Solutions Inc

NXT Energy Solutions Inc., a technology company, provides geophysical services to the oil and gas industry through its proprietary gravity-based stress field detection (SFD) remote-sensing survey system in Canada and internationally. Its SFD technology, an airborne survey system, which utilizes the principles of quantum mechanics to infer stress anomalies of exploration interest by using both onshore and offshore to remotely identify areas conducive to fluid entrapment with commercial hydrocarbon and geothermal potential. The company was formerly known as Energy Exploration Technologies Inc. and changed its name to NXT Energy Solutions Inc. in September 2008. NXT Energy Solutions Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.

3320 - 17th Avenue SW, Calgary, AB, Canada, T3E 0B4

403 264 7020

12

Name Title Year Born
Mr. George Liszicasz Chairman, CEO & Pres 1954
Mr. Charles Vincent Selby B.Sc. (Hons.), J.D., P.Eng. Lead Independent Director 1957
Mr. Eugene Woychyshyn VP of Fin. & CFO NA
Mr. Thomas Edwards Valentine Corp. Sec. & Independent Director 1962
Mohammad Saqib Operations Director & Head of Interpretation NA
Rashid Tippu Chief Geophysicist NA
Enrique Hung Director of GeoScience NA
Mr. Sajid Sayeed B.B.A. Director of Global Bus. Devel. NA
Mr. Andrew Clifford Steedman Special Advisor 1961
Mr. Bruce Gregory Wilcox CEO & Director 1955

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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