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Avricore Health Inc. engages in the health data and point-of-care technologies business. It provides HealthTab, a turnkey point-of-care testing platform for pharmacies that can test up to 27 biomarkers on the spot for screening and managing chronic conditions, such as diabetes. The company was formerly known as Vanc Pharmaceuticals Inc. and changed its name to Avricore Health Inc. in October 2018. Avricore Health Inc. was founded in 1996 and is based in Vancouver, 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.
Avricore Health Inc is a Canadian diagnostics and digital-health company on the TSX Venture Exchange that develops point-of-care testing platforms and associated software for primary-care and remote settings. Long-term growth may be supported by rising demand for decentralized testing and the commercialization of its testing platforms and services, which could generate recurring revenue and partnership opportunities.
Key risks include execution and financing challenges typical of small-cap healthcare companies, plus regulatory approvals, reimbursement uncertainty and competition from larger diagnostics and digital-health firms.
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 | -0.67M | -0.70M | -0.82M | -1.71M | -1.17M |
| Net income | -0.67M | -0.70M | -0.82M | -1.71M | -1.17M |
| Selling general administrative | 1.69M | 1.84M | 1.01M | 1.71M | 0.85M |
| Selling and marketing expenses | - | - | 0.18M | - | 0.00M |
| Gross profit | 1.88M | 1.20M | 0.46M | 0.03M | 0.02M |
| Reconciled depreciation | 0.45M | 0.42M | 0.18M | 0.02M | 0.07M |
| Ebit | - | - | -0.81M | -1.75M | -0.98M |
| Ebitda | - | - | -0.63M | -1.73M | -0.86M |
| Depreciation and amortization | - | - | 0.18M | 0.02M | 0.12M |
| Operating income | 0.14M | -0.69M | -0.81M | -1.75M | -0.86M |
| Other operating expenses | - | - | 2.58M | 1.86M | 0.89M |
| Interest expense | - | 0.00M | 0.01M | 0.04M | 0.16M |
| Interest income | 0.00M | 0.00M | 0.01M | 0.00M | 0.00M |
| Net interest income | -0.01M | -0.00M | 0.00M | -0.04M | -0.16M |
| Income tax expense | - | - | - | 0.04M | 0.04M |
| Total revenue | 4.79M | 3.49M | 1.77M | 0.12M | 0.03M |
| Total operating expenses | 4.65M | 4.17M | 1.27M | 1.77M | 0.87M |
| Cost of revenue | 2.91M | 2.28M | 1.31M | 0.09M | 0.02M |
| Total other income expense net | -0.80M | -0.01M | -0.01M | 0.08M | -0.16M |
| Net income from continuing ops | -0.67M | -0.70M | -0.82M | -1.71M | -1.17M |
| Net income applicable to common shares | - | - | - | -1.71M | -1.17M |
| 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 | 2.30M | 2.54M | 2.57M | 2.28M | 0.44M |
| Intangible assets | 0.06M | 0.05M | 0.03M | 0.03M | 0.00M |
| Other current assets | - | - | - | 0.01M | 0.06M |
| Total liab | 0.33M | 0.53M | 0.60M | 0.08M | 1.15M |
| Total stockholder equity | 1.97M | 2.01M | 1.96M | 2.20M | -0.71M |
| Common stock | - | - | - | 26.62M | 22.29M |
| Capital stock | 27.30M | 27.19M | 27.06M | 26.62M | 22.29M |
| Retained earnings | -32.40M | -31.74M | -31.03M | -30.22M | -28.51M |
| Cash | 1.13M | 0.28M | 0.62M | 2.01M | 0.30M |
| Total current liabilities | 0.33M | 0.53M | 0.60M | 0.08M | 1.15M |
| Net debt | - | - | - | - | 0.70M |
| Short long term debt | - | 0.04M | 0.04M | 0.04M | 1.00M |
| Other stockholder equity | - | - | - | 5.79M | 5.51M |
| Property plant equipment | - | - | - | 0.09M | - |
| Total current assets | 1.58M | 0.77M | 1.43M | 2.16M | 0.44M |
| Net tangible assets | - | - | - | 2.17M | -0.71M |
| Short term investments | 0.01M | 0.01M | 0.01M | - | - |
| Net receivables | 0.41M | 0.42M | 0.75M | 0.09M | 0.01M |
| Inventory | 0.00M | 0.02M | - | - | - |
| Accounts payable | 0.26M | 0.43M | 0.26M | 0.04M | 0.13M |
| Non current assets total | 0.72M | 1.76M | 1.14M | 0.12M | 0.00M |
| Capital lease obligations | - | - | - | - | 0.00M |
| 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 | 0.00M | -1.05M | -1.21M | -0.14M | -0.00M |
| Change to liabilities | - | - | - | -0.07M | -0.34M |
| Total cashflows from investing activities | - | - | - | -0.14M | -0.14M |
| Net borrowings | -0.03M | - | - | -1.00M | 0.93M |
| Total cash from financing activities | 0.06M | 0.04M | 0.25M | 3.08M | 1.51M |
| Change to operating activities | - | - | - | 0.07M | 0.05M |
| Net income | -0.67M | -0.70M | -0.82M | -1.71M | -1.17M |
| Change in cash | 0.86M | -0.34M | -1.39M | 1.71M | 0.29M |
| Begin period cash flow | 0.28M | 0.62M | 2.01M | 0.30M | 0.01M |
| End period cash flow | 1.13M | 0.28M | 0.62M | 2.01M | 0.30M |
| Total cash from operating activities | 1.00M | 0.66M | -0.44M | -1.23M | -1.22M |
| Issuance of capital stock | - | 0.00M | 0.00M | 2.40M | 0.63M |
| Depreciation | 0.45M | 0.42M | 0.18M | 0.02M | 0.01M |
| Change to inventory | 0.02M | -0.02M | -0.27M | 0.07M | -0.18M |
| Change to account receivables | 0.01M | 0.34M | -0.69M | -0.08M | 0.00M |
| Other cashflows from financing activities | - | - | 0.25M | 1.68M | 0.90M |
| Change to netincome | - | - | - | 0.53M | 0.42M |
| Capital expenditures | 0.21M | 1.05M | 1.20M | 0.14M | 0.11M |
| Change in working capital | -0.11M | 0.23M | -0.14M | -0.08M | -0.47M |
| Stock based compensation | 0.54M | 0.70M | 0.33M | 0.50M | 0.13M |
| Other non cash items | - | -0.00M | 0.01M | 0.04M | 0.29M |
| Free cash flow | 0.80M | -0.39M | -1.64M | -1.37M | -1.22M |
Sector: Healthcare Industry: Diagnostics & Research
|
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) |
|---|---|---|---|---|---|---|---|---|
| AVCR Avricore Health Inc |
- -% |
0.05 | - | - | 3.16 | 5.09 | 3.30 | 41.13 |
| TELO Telo Genomics Corp |
- -% |
0.05 | - | - | - | 8.78 | - | -6.32 |
| ARC Arian Resources Corp. |
- -% |
0.01 | - | - | 2.12 | - | 15.59 | 2.25 |
| MBI-H Med BioGene Inc |
-0.01 25.00% |
0.01 | - | - | - | - | - | -3.03 |
Avricore Health Inc. engages in the health data and point-of-care technologies business. It provides HealthTab, a turnkey point-of-care testing platform for pharmacies that can test up to 27 biomarkers on the spot for screening and managing chronic conditions, such as diabetes. The company was formerly known as Vanc Pharmaceuticals Inc. and changed its name to Avricore Health Inc. in October 2018. Avricore Health Inc. was founded in 1996 and is based in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Hector Bremner | CEO & Director | 1982 |
| Ms. Kiriaki Smith CPA, CFO, CGA, CPA | CFO & Corp. Sec. | 1967 |
| Mr. Rodger Seccombe | Head of Healthtab Division & Director | 1981 |
| Mr. Will Seccombe | Communications Advisor | NA |
| Dr. Allan Shapiro | Mang. of Bus. Devel. | NA |
| Ms. Kiriaki Smith CPA, CFO, CGA, CPA | CFO & Corporate Secretary | 1967 |
| Mr. Rodger Seccombe | CTO & Director | 1981 |
| Mr. Rodger Seccombe | CEO, CTO & Director | 1981 |
| Ms. Kiriaki Smith CPA, CFO, CGA | CFO & Corporate Secretary | 1967 |
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