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Argo Corporation provides technology-enabled transit solutions in Canada. The company offers Argo Transit, a platform that offers municipalities a transit solution which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare. It also provides Argo School, a platform to serve the student transportation market. The company was formerly known as Steer Technologies Inc. and changed its name to Argo Corporation in July 2024. Argo Corporation was founded in 2016 is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Steer Technologies Inc. (ARGH.V) are limited, with minimal detail on core operations in filings and on the company website. Long-term growth therefore appears to rely on successful commercialization of its technology and expansion into target markets, which could support revenue scaling; the company may attract investors if management demonstrates execution and transparent reporting.
Key risks are limited public information, high execution and financing risk common to small-cap venture-listed issuers, and potential share illiquidity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -15.21M | 0.81M | -33.38M | -29.52M | -17.76M |
| Net income | -3.73M | 0.92M | -33.44M | -29.31M | -17.32M |
| Selling general administrative | 7.97M | 8.42M | 21.17M | 21.26M | 16.08M |
| Gross profit | 1.33M | -2.48M | -4.06M | -2.01M | 0.71M |
| Reconciled depreciation | 0.39M | 1.39M | 6.14M | 5.09M | 1.73M |
| Operating income | -9.03M | -14.81M | -30.65M | -25.23M | -17.00M |
| Interest expense | 2.03M | 1.51M | 1.38M | 0.81M | 0.25M |
| Tax provision | 0.19M | -0.10M | 0.06M | -0.21M | -0.44M |
| Interest income | 0.00M | - | 0.00M | 0.04M | 0.04M |
| Net interest income | -2.02M | -1.51M | -1.38M | -0.77M | -0.21M |
| Total revenue | 1.56M | 17.73M | 54.92M | 25.42M | 3.93M |
| Total operating expenses | 10.59M | 32.54M | 85.57M | 50.64M | 20.93M |
| Cost of revenue | 0.24M | 20.21M | 58.98M | 27.43M | 3.23M |
| Total other income expense net | -4.16M | 17.13M | -1.35M | -3.52M | -0.54M |
| Net income from continuing ops | -15.40M | 0.92M | -33.44M | -29.31M | -17.32M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 20.81M | 25.70M | 32.03M | 29.53M | 28.59M |
| Intangible assets | 0.27M | 0.32M | 2.10M | 4.54M | 6.64M |
| Total liab | 19.61M | 23.55M | 31.57M | 19.42M | 12.85M |
| Total stockholder equity | 1.20M | 2.15M | 0.46M | 10.11M | 15.73M |
| Other current liab | 0.28M | - | - | - | - |
| Capital stock | 79.00M | 75.94M | 75.94M | 62.66M | 40.92M |
| Retained earnings | -92.85M | -89.12M | -90.03M | -56.59M | -27.28M |
| Good will | - | 0.00M | 1.05M | 1.92M | 1.92M |
| Cash | 0.07M | 0.15M | 2.06M | 2.23M | 3.71M |
| Total current liabilities | 17.36M | 13.85M | 14.56M | 10.60M | 5.21M |
| Net debt | 3.78M | 0.01M | - | - | - |
| Short long term debt | 3.69M | - | 0.11M | - | - |
| Total current assets | 0.85M | 0.49M | 6.01M | 9.94M | 6.01M |
| Long term investments | 19.23M | 24.16M | 1.37M | 1.37M | 3.49M |
| Net receivables | 0.21M | 0.29M | 0.38M | 0.67M | 0.65M |
| Long term debt | 0.16M | 0.16M | - | 0.10M | 0.08M |
| Inventory | - | 0.00M | 2.93M | 5.43M | 0.12M |
| Accounts payable | 4.55M | 4.30M | 8.13M | 5.49M | 2.45M |
| Non currrent assets other | 0.05M | 0.06M | 0.63M | 0.22M | 0.21M |
| Non current assets total | 19.96M | 25.22M | 26.02M | 19.59M | 22.58M |
| Capital lease obligations | 2.38M | 13.03M | 20.62M | 11.13M | 8.28M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | - | 6.69M | -0.74M | -0.45M | -3.54M |
| Net borrowings | 3.06M | - | - | - | - |
| Total cash from financing activities | 2.84M | -1.11M | 18.04M | 18.86M | 13.06M |
| Net income | -3.73M | 0.92M | -33.44M | -29.31M | -17.76M |
| Change in cash | -0.08M | -1.92M | -0.17M | -1.48M | -0.08M |
| Begin period cash flow | 0.15M | 2.06M | 2.23M | 3.71M | 3.79M |
| End period cash flow | 0.07M | 0.15M | 2.06M | 2.23M | 3.71M |
| Total cash from operating activities | -3.05M | -7.52M | -17.41M | -19.89M | -9.59M |
| Issuance of capital stock | - | 0.00M | 22.20M | 20.50M | 13.62M |
| Depreciation | 0.39M | 1.39M | 6.14M | 5.09M | 1.73M |
| Dividends paid | 0.00M | - | - | - | - |
| Change to inventory | 0.00M | -0.56M | 0.26M | -5.32M | -0.12M |
| Change to account receivables | - | -1.32M | 1.28M | -0.14M | -0.50M |
| Sale purchase of stock | - | - | - | - | 0.00M |
| Capital expenditures | 0.62M | 0.03M | 4.48M | 1.31M | 0.58M |
| Change in working capital | 7.13M | 3.99M | 4.78M | -1.60M | -0.62M |
| Stock based compensation | 0.70M | 0.67M | 1.83M | 2.67M | 6.58M |
| Other non cash items | 2.94M | 1.53M | -0.52M | -0.02M | -0.08M |
| Free cash flow | -3.67M | -7.55M | -21.89M | -21.20M | -10.18M |
Sector: Technology Industry: Software - Application
|
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) |
|---|---|---|---|---|---|---|---|---|
| ARGH Steer Technologies Inc. |
0.01 1.69% |
0.30 | - | - | 56.26 | 30.56 | 55.13 | -2.86 |
| LMN Lumine Group Inc. |
0.28 1.05% |
26.94 | 34.92 | 17.21 | 7.37 | 5.04 | 5.24 | 31.17 |
| DDD Metavista3D Inc. |
-0.01 7.32% |
0.19 | - | - | 53.46 | 338.66 | 53.28 | - |
| MHUB Minehub Technologies Inc |
0.06 15.94% |
0.40 | - | - | 34.11 | 52.92 | 40.16 | -2.50 |
| NCI NTG Clarity Networks Inc. |
0.01 1.43% |
0.35 | 7.75 | 7.24 | 0.67 | 1.91 | 0.66 | 3.94 |
Argo Corporation provides technology-enabled transit solutions in Canada. The company offers Argo Transit, a platform that offers municipalities a transit solution which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare. It also provides Argo School, a platform to serve the student transportation market. The company was formerly known as Steer Technologies Inc. and changed its name to Argo Corporation in July 2024. Argo Corporation was founded in 2016 is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Praveen Arichandran | Chairman of The Board & CO-CEO | NA |
| Mr. Qamar Qureshi | CO-CEO & Director | NA |
| Imran Ali Khan | Co-Founder | NA |
| Mr. James Warren-Bennett Wilgar | Chief Strategy Officer | 1975 |
| Mr. Praveen Arichandran | Co-Founder, CEO & Chairman | NA |
| Mr. Qamar Qureshi | Co-Founder & Chief Business Officer | NA |
| Ms. Holly Lim | Chief Financial Officer & Corporate Secretary | NA |
| Mr. Sisun Lee | Chief Product Officer & Co-founder | NA |
| Ms. Jenna Bendayan | Head of Business Operations | NA |
| Ms. Holly Lim | CFO & Corporate Secretary | NA |
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