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Cymat Technologies Ltd., a materials technology company, engages in the manufacture and sale of stabilized aluminum foam (SAF) products worldwide. Its SAF products are used in blast mitigation, architectural, and energy absorption applications. The company markets architectural SAF under the Alusion brand name; and automotive and blast mitigation SAF under the SmartMetal brand. It serves automotive and transportation, architectural, defense and military, and other applications. The company was incorporated in 2006 and is based in Mississauga, Canada.
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Cymat Technologies Ltd. produces ceramic foam and specialty materials used primarily for molten-metal filtration and other industrial filtration applications. Long-term growth may be supported by demand for higher-quality aluminum castings, expansion into environmental filtration markets and potential scaling or licensing of its foam technology, which could appeal to investors seeking niche-material exposure.
Principal risks include cyclical exposure to automotive and foundry markets, customer concentration, execution and scale-up of manufacturing, thin public-market liquidity and sensitivity to raw-material and energy costs.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Income before tax | -3.37M | -4.27M | -6.05M | -4.75M | -0.54M |
| Net income | -3.37M | -4.27M | -6.05M | -4.75M | -0.54M |
| Selling general administrative | 2.59M | 3.28M | 5.11M | 4.95M | 1.93M |
| Gross profit | 0.49M | -0.41M | -0.27M | 0.80M | 2.12M |
| Reconciled depreciation | 0.53M | 0.52M | 0.51M | 0.18M | 0.17M |
| Ebit | - | - | -5.56M | -4.34M | 0.06M |
| Ebitda | - | - | -5.05M | -4.16M | 0.23M |
| Depreciation and amortization | - | - | 0.51M | 0.18M | 0.17M |
| Operating income | -2.45M | -3.86M | -5.56M | -4.34M | 0.06M |
| Other operating expenses | - | - | 8.61M | 7.46M | 4.09M |
| Interest expense | 0.93M | 0.41M | 0.11M | 0.34M | 0.63M |
| Net interest income | -0.93M | -0.41M | -0.11M | -0.34M | -0.63M |
| Income tax expense | - | - | 0.11M | 0.34M | 0.63M |
| Total revenue | 3.71M | 1.62M | 3.05M | 3.12M | 4.15M |
| Total operating expenses | 6.16M | 5.48M | 5.29M | 5.13M | 2.06M |
| Cost of revenue | 3.22M | 2.03M | 3.32M | 2.33M | 2.03M |
| Total other income expense net | 0.01M | 0.00M | -0.38M | -0.07M | 0.02M |
| Net income from continuing ops | -3.37M | -4.27M | -6.05M | -4.75M | -0.54M |
| Net income applicable to common shares | - | - | -6.05M | -4.75M | -0.54M |
| Breakdown | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Total assets | 2.76M | 3.96M | 4.16M | 6.17M | 6.58M |
| Other current assets | - | - | 0.02M | 0.02M | 0.01M |
| Total liab | 7.49M | 6.78M | 4.77M | 3.83M | 3.71M |
| Total stockholder equity | -4.73M | -2.81M | -0.61M | 2.34M | 2.88M |
| Other current liab | - | - | 0.24M | 0.39M | 0.18M |
| Common stock | - | - | 81.58M | 79.88M | 73.52M |
| Capital stock | 84.41M | 83.19M | 81.58M | 79.88M | 73.52M |
| Retained earnings | -100.67M | -97.30M | -93.03M | -86.99M | -82.24M |
| Other liab | - | - | 0.58M | 0.78M | 0.75M |
| Other assets | - | - | 0.03M | 0.34M | 0.03M |
| Cash | 0.35M | 0.06M | 0.32M | 2.47M | 5.02M |
| Total current liabilities | 5.73M | 4.54M | 2.21M | 2.15M | 1.96M |
| Net debt | 3.68M | 0.99M | - | - | - |
| Short long term debt | 3.41M | 0.99M | 0.07M | 0.01M | - |
| Other stockholder equity | - | - | 0.20M | 0.12M | 3.73M |
| Property plant equipment | - | - | 2.85M | 1.08M | 1.09M |
| Total current assets | 0.86M | 1.57M | 1.27M | 4.75M | 5.47M |
| Net tangible assets | - | - | -0.61M | 2.34M | 2.88M |
| Net receivables | 0.02M | 0.04M | 0.06M | 0.84M | 0.16M |
| Long term debt | 0.62M | 0.06M | 0.08M | 0.12M | 0.12M |
| Inventory | 0.26M | 1.22M | 0.70M | 1.18M | 0.26M |
| Accounts payable | 1.89M | 2.05M | 1.37M | 1.34M | 1.20M |
| Non currrent assets other | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M |
| Non current assets total | 1.90M | 2.39M | 2.88M | 1.42M | 1.11M |
| Capital lease obligations | 1.55M | 1.90M | 2.13M | 0.88M | 0.98M |
| Breakdown | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Investments | -0.04M | -0.03M | -1.03M | -0.53M | -0.03M |
| Change to liabilities | - | - | -0.09M | 0.13M | 0.58M |
| Total cashflows from investing activities | - | - | -1.03M | -0.53M | -0.03M |
| Net borrowings | 0.71M | - | -0.03M | -0.10M | 0.14M |
| Total cash from financing activities | 1.93M | 1.99M | 1.35M | 2.30M | 4.36M |
| Change to operating activities | - | - | 0.08M | -0.24M | 0.00M |
| Net income | -3.37M | -4.27M | -6.05M | -4.75M | -0.54M |
| Change in cash | 0.30M | -0.27M | -2.14M | -2.55M | 4.77M |
| Begin period cash flow | 0.06M | 0.32M | 2.47M | 5.02M | 0.25M |
| End period cash flow | 0.35M | 0.06M | 0.32M | 2.47M | 5.02M |
| Total cash from operating activities | -1.60M | -2.23M | -2.46M | -4.32M | 0.43M |
| Issuance of capital stock | 1.25M | 1.18M | 0.00M | 1.31M | 0.00M |
| Depreciation | 0.53M | 0.52M | 0.51M | 0.18M | 0.17M |
| Other cashflows from investing activities | - | - | - | -0.32M | -0.32M |
| Change to inventory | 0.96M | -0.52M | 0.48M | -0.92M | -0.13M |
| Change to account receivables | - | - | 0.78M | -0.67M | 0.04M |
| Other cashflows from financing activities | - | - | -1.03M | 1.09M | 0.22M |
| Change to netincome | - | - | 1.83M | 1.96M | 0.32M |
| Capital expenditures | 0.04M | 0.03M | 1.03M | 0.21M | 0.03M |
| Change in working capital | 0.33M | 0.72M | 1.25M | -1.71M | 0.49M |
| Stock based compensation | 0.23M | 0.36M | 1.72M | 1.81M | 0.08M |
| Other non cash items | 0.74M | 0.33M | -0.22M | 0.09M | 0.24M |
| Free cash flow | -1.64M | -2.26M | -3.49M | -4.53M | 0.40M |
Sector: Industrials Industry: Metal Fabrication
|
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) |
|---|---|---|---|---|---|---|---|---|
| CYM Cymat Technologies Ltd. |
- -% |
0.09 | - | 0.67 | 6.23 | 13.65 | 10.69 | -4.09 |
| IB IBC Advanced Alloys Corp |
- -% |
0.10 | - | - | 1.35 | 17.35 | 1.73 | 27.85 |
| OML Omni-Lite Industries Canada Inc. |
-0.11 3.68% |
2.88 | - | 3.94 | 1.52 | 1.04 | 1.23 | 9.77 |
| IVX Inventronics Ltd |
- -% |
0.74 | 11.50 | - | 0.41 | 1.30 | 0.56 | 6.50 |
Cymat Technologies Ltd., a materials technology company, engages in the manufacture and sale of stabilized aluminum foam (SAF) products worldwide. Its SAF products are used in blast mitigation, architectural, and energy absorption applications. The company markets architectural SAF under the Alusion brand name; and automotive and blast mitigation SAF under the SmartMetal brand. It serves automotive and transportation, architectural, defense and military, and other applications. The company was incorporated in 2006 and is based in Mississauga, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Michael M. Liik MBA, P. Eng | Exec. Chairman & CEO | 1960 |
| Mr. Darryl Gregory Kleebaum | Chief Financial Officer | NA |
| Mr. Jim Johnson | VP of Smartmetal Sales & Operations | NA |
| Mr. Mario DeAngelis | Chief Operating Officer | NA |
| Mr. Vince Benincasa | Chief Commercial Officer | NA |
| Mr. David Henry | Head of U.S. Bus. Devel. | NA |
| Mr. Michael M. Liik MBA, P. Eng, P.Eng. | Executive Chairman & CEO | 1960 |
| Mr. David Henry | Head of U.S. Business Development | NA |
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