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Home CompaniesAcceleware Ltd

Acceleware Ltd

Technology Software - Application
PortfolioPortfolio WatchlistWatchlist
Company price
0.1 CAD -0.01 ( 4.76%)
Last update at 2026-11-04T16:11:00Z
VOLUME
1500
Market Cap
13.60M

Momentum Score

…

Acceleware Ltd. operates as a clean-tech technology company in Canada and the United States. The company operates through two segments, RF Heating and High-Performance Computing (HPC). It develops an enhanced heavy oil and oil sands production technology based on radio frequency (RF) heating; and develops and markets computational software products. The company's solutions include AxFDTD; AxHeat for RF heating markets; and EMPowered Heat, an electromagnetic industrial process heater. It sells computing software and related consulting services and training programs primarily to the oil and gas industry. The company serves heavy oil - rf xl, mining, agriculture and food, clean fuels and h2, pulp and paper, steel, cement, and other industries. Acceleware Ltd. was founded in 2004 and is based in Calgary, Canada.

Source: TradingView
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Day Price Range
0.10
Low
0.10
High
52 Week Price Range
0.06
Low
0.14
High

Momentum Score

…
Loading momentum score…

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

Acceleware Ltd develops electromagnetic simulation software and radio‑frequency heating systems intended to improve recovery from heavy oil resources and support electromagnetic modelling for energy and industrial applications. Long-term growth drivers include demand for lower-emission enhanced oil recovery methods, adoption of specialized simulation tools, and licensing opportunities; investors may find the company attractive for its niche intellectual property and potential to reduce steam use and carbon intensity in heavy-oil operations.

Material investment risks are small scale and limited revenue visibility, execution and commercialization uncertainty, sensitivity to oil-price cycles and regulatory pressure on fossil-fuel extraction, and the likelihood of needing additional financing to advance projects.

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
0.10
Dividend Yield
-
Revenue TTM
0.72M
Revenue Per Share
0.01
Gross Profit TTM
0.72M
Debt / Equity
-0.31
ROE
-875.97%
Net Debt
3.01M
ROCE
30.06%
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 -1.86M 2.00M -2.05M -5.14M -4.08M
Net income -1.86M 2.00M -2.05M -5.14M -4.08M
Selling general administrative 1.12M 1.62M 1.80M 1.84M 1.51M
Selling and marketing expenses - - 0.17M 0.20M 0.24M
Gross profit - - 0.24M 0.31M 0.71M
Reconciled depreciation 0.03M 0.03M 0.04M 0.07M 0.05M
Ebit - - -4.59M -5.21M -4.05M
Ebitda - - -4.55M -5.14M -3.99M
Depreciation and amortization - - 0.04M 0.07M 0.05M
Operating income -1.78M 2.58M -4.59M -5.21M -4.05M
Other operating expenses - - 4.87M 5.54M 4.80M
Interest expense 0.78M 0.65M 0.60M 0.34M 0.01M
Interest income - - - - 0.00M
Net interest income -0.78M -0.65M -0.60M -0.34M -0.01M
Income tax expense - - -0.13M 0.34M 0.01M
Total revenue 0.72M 5.23M 0.28M 0.33M 0.75M
Total operating expenses 2.50M 2.66M 4.83M 5.52M 4.76M
Cost of revenue - - 0.04M 0.02M 0.04M
Total other income expense net 0.70M 0.07M 2.54M 0.41M -0.02M
Net income from continuing ops -1.86M 2.00M -2.05M -5.14M -4.08M
Net income applicable to common shares - - - - -4.08M
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 0.35M 0.34M 1.51M 2.53M 5.35M
Other current assets - - 0.02M 0.06M 0.09M
Total liab 6.29M 5.74M 9.49M 9.69M 9.48M
Total stockholder equity -5.94M -5.40M -7.98M -7.16M -4.12M
Other current liab 0.29M 0.19M 1.46M 0.74M 0.86M
Common stock - - 25.26M - 23.18M
Capital stock 25.79M 25.27M 25.26M 24.52M 23.18M
Retained earnings -42.20M -40.34M -42.35M -40.30M -35.16M
Other liab - - - - 3.37M
Cash 0.25M 0.27M 0.95M 1.15M 1.95M
Total current liabilities 6.28M 3.70M 3.24M 3.08M 6.11M
Current deferred revenue - - 0.08M - -
Net debt 3.01M 2.57M 1.50M 0.11M -
Short term debt - - 0.98M - -
Short long term debt 3.26M 1.16M 0.94M - -
Short long term debt total - - 2.45M - -
Other stockholder equity - - 8.43M - 7.86M
Property plant equipment - - - - 0.15M
Total current assets 0.31M 0.32M 1.26M 2.44M 5.20M
Net tangible assets - - - - -4.12M
Net receivables 0.01M 0.00M 0.28M 1.24M 3.16M
Long term debt - 1.68M 1.45M 1.26M -
Accounts payable 0.81M 0.77M 0.73M 1.34M 3.72M
Accumulated other comprehensive income - - 0.68M - -
Non currrent assets other - - 0.20M - -
Non current assets total 0.04M 0.02M 0.25M 0.08M 0.15M
Capital lease obligations - - - 0.09M 0.34M
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 - - - 0.00M -0.03M
Change to liabilities - - - - 4.78M
Total cashflows from investing activities - - - - -0.03M
Net borrowings 0.06M 0.10M - - -0.06M
Total cash from financing activities 0.90M -0.03M 0.81M 3.78M 0.34M
Change to operating activities - - - - 0.29M
Net income -1.86M 2.00M -2.05M -5.14M -4.08M
Change in cash -0.02M -0.68M -0.19M -0.80M 0.01M
Begin period cash flow 0.27M 0.95M 1.15M 1.95M 1.94M
End period cash flow 0.25M 0.27M 0.95M 1.15M 1.95M
Total cash from operating activities -1.15M -0.65M -1.01M -4.58M -0.31M
Issuance of capital stock 0.94M 0.01M 0.65M 1.83M 0.41M
Depreciation 0.03M 0.03M 0.04M 0.07M 0.05M
Dividends paid 0.00M 0.00M 0.00M 0.00M 0.00M
Change to inventory - - - 2.26M -4.25M
Change to account receivables -0.04M 0.26M 0.75M 1.93M -1.75M
Other cashflows from financing activities - - -0.04M 1.99M -0.03M
Change to netincome - - - - 0.45M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.03M
Change in working capital 0.35M -3.75M 0.62M 0.23M 3.27M
Stock based compensation 0.20M 0.54M 0.57M 0.28M 0.22M
Other non cash items 0.40M 0.60M -0.11M 0.40M 0.23M
Free cash flow -1.15M -0.65M -1.01M -4.58M -0.34M

Peer Comparison*

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)
AXE
Acceleware Ltd		 -0.01
4.76%		 0.10 - 63.29 18.91 115.17 23.09 278.60
LMN
Lumine Group Inc.		 -0.42
1.59%		 26.23 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 -
ARGH
Steer Technologies Inc.		 0.01
1.69%		 0.30 - - 56.26 30.56 55.13 -2.86
MHUB
Minehub Technologies Inc		 -0.01
2.50%		 0.39 - - 34.11 52.92 40.16 -2.50

Profile*

Acceleware Ltd

Acceleware Ltd. operates as a clean-tech technology company in Canada and the United States. The company operates through two segments, RF Heating and High-Performance Computing (HPC). It develops an enhanced heavy oil and oil sands production technology based on radio frequency (RF) heating; and develops and markets computational software products. The company's solutions include AxFDTD; AxHeat for RF heating markets; and EMPowered Heat, an electromagnetic industrial process heater. It sells computing software and related consulting services and training programs primarily to the oil and gas industry. The company serves heavy oil - rf xl, mining, agriculture and food, clean fuels and h2, pulp and paper, steel, cement, and other industries. Acceleware Ltd. was founded in 2004 and is based in Calgary, Canada.

1900, 520 ? 3rd Avenue SW, Calgary, AB, Canada

403 249 9099

https://www.acceleware.com

12

Name Title Year Born
Mr. Geoffrey Blair David Clark CEO & Director NA
Dr. Michal Okoniewski Co-Founder, Chief Scientific Officer & Director 1961
Ms. Tracy Grierson Chief Financial Officer NA
Mr. Michael James Tourigny Chief Operations Officer NA
Mr. Cameron MacCarthy Corp. Sec. NA
Mr. Michael James Tourigny Chief Operating Officer NA
Mr. Michael James Tourigny Interim CFO & COO NA
Mr. Peter D. Sametz P. Eng. Executive Chairman of the Board 1958
Dr. Michal Okoniewski Co-Founder, Chief Scientific Officer & Director 1962

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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