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First Hydrogen Corp. focuses on zero-emission vehicles, green hydrogen production and distribution, and supercritical carbon dioxide extractor systems primarily in Canada and the United Kingdom. The company designs and develops hydrogen-fuel-cell-powered vehicle. It also provides hydrogen powertrain platform for marine, agriculture, industrial machinery, commercial trucks, camper vans, backup power, portable power, and EV charging. The company was formerly known as Pure Extraction Corp. and changed its name to First Hydrogen Corp. in October 2021. First Hydrogen Corp. was incorporated in 2007 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.
First Hydrogen Corp develops hydrogen fuel-cell vans and refuelling solutions targeting commercial fleets. Long-term growth drivers include fleet decarbonization mandates, increasing demand for zero-emission logistics solutions, and potential cost declines in electrolysis and fuel-cell technology; investors may find exposure to the hydrogen mobility transition attractive as the company focuses on vehicle fleets and refuelling infrastructure.
Principal risks include substantial execution and financing risk in scaling manufacturing and infrastructure, strong competition from battery-electric alternatives and established suppliers, and uncertainty around the timing of supportive policy and hydrogen supply build-out.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | -4.96M | -10.74M | -13.72M | -8.87M | -2.46M |
| Net income | -5.07M | -10.91M | -13.72M | -8.87M | -2.46M |
| Selling general administrative | 3.86M | 9.57M | 10.54M | 3.89M | 2.29M |
| Gross profit | - | - | 0.01M | 0.00M | -0.13M |
| Reconciled depreciation | 0.12M | 0.12M | 0.10M | 0.00M | 0.02M |
| Ebit | - | - | - | -8.47M | -0.99M |
| Ebitda | - | - | -13.43M | -8.46M | -2.43M |
| Operating income | -4.23M | -10.46M | -13.51M | -8.44M | -2.46M |
| Interest expense | 0.58M | 0.17M | 0.18M | 0.41M | 0.00M |
| Interest income | 0.00M | 0.00M | - | - | - |
| Net interest income | -0.58M | -0.17M | -0.18M | -0.41M | -0.00M |
| Total revenue | 0.00M | 0.00M | 0.16M | 0.00M | 0.30M |
| Total operating expenses | 4.23M | 10.46M | 13.67M | 8.44M | 2.76M |
| Cost of revenue | - | - | 0.15M | 0.00M | 0.43M |
| Total other income expense net | -0.15M | -0.11M | -0.02M | -0.02M | - |
| Net income from continuing ops | -4.96M | -10.74M | -13.72M | -8.87M | -2.46M |
| Net income applicable to common shares | - | - | -13.72M | -8.87M | -2.46M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 1.82M | 2.15M | 4.24M | 5.15M | 2.62M |
| Intangible assets | 0.69M | 0.79M | - | - | - |
| Other current assets | - | - | - | -0.00M | - |
| Total liab | 7.50M | 4.28M | 3.15M | 4.03M | 1.46M |
| Total stockholder equity | -5.68M | -2.13M | 1.09M | 1.12M | 1.17M |
| Other current liab | - | - | - | 0.60M | 0.60M |
| Common stock | - | - | 24.72M | 12.07M | 4.04M |
| Capital stock | 31.71M | 30.88M | 24.72M | 12.07M | 4.10M |
| Retained earnings | -42.48M | -37.43M | -26.38M | -12.67M | -3.80M |
| Other liab | - | - | - | - | -0.06M |
| Cash | 0.01M | 0.09M | 0.39M | 2.60M | 1.64M |
| Total current liabilities | 7.00M | 2.05M | 3.15M | 2.89M | 1.35M |
| Net debt | 3.67M | 2.15M | - | - | - |
| Short long term debt | 3.18M | - | 0.03M | 0.12M | - |
| Other stockholder equity | - | - | - | 0.02M | - |
| Total current assets | 1.01M | 1.20M | 3.34M | 4.16M | 2.48M |
| Net tangible assets | - | - | 0.20M | 0.13M | 1.10M |
| Net receivables | - | - | - | 0.89M | 0.08M |
| Long term debt | 0.50M | 2.23M | - | 1.14M | 0.03M |
| Inventory | 0.24M | 0.19M | 0.24M | 0.56M | 0.73M |
| Accounts payable | 3.68M | 1.84M | 3.00M | 2.06M | 0.75M |
| Non current assets total | 0.81M | 0.95M | 0.90M | 0.99M | 0.00M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | 0.00M | -0.17M | -0.01M | 0.00M | 0.20M |
| Change to liabilities | - | - | 0.53M | 1.73M | 1.40M |
| Total cashflows from investing activities | - | - | -0.01M | -0.01M | 0.20M |
| Net borrowings | 1.22M | 2.46M | - | 1.84M | 0.03M |
| Total cash from financing activities | 1.46M | 8.78M | 11.58M | 8.11M | 2.90M |
| Change to operating activities | - | - | -0.05M | 0.04M | -0.03M |
| Net income | -5.07M | -10.91M | -13.72M | -8.87M | -2.46M |
| Change in cash | -0.08M | -0.31M | -2.20M | 0.96M | 1.30M |
| Begin period cash flow | 0.09M | 0.39M | 2.60M | 1.64M | 0.33M |
| End period cash flow | 0.01M | 0.09M | 0.39M | 2.60M | 1.64M |
| Total cash from operating activities | -1.53M | -8.92M | -13.64M | -7.15M | -1.79M |
| Issuance of capital stock | 0.00M | 4.03M | 6.06M | 5.52M | 2.97M |
| Depreciation | 0.12M | 0.12M | 0.10M | 0.10M | 0.02M |
| Change to inventory | -0.05M | 0.05M | -0.26M | -0.26M | -0.87M |
| Change to account receivables | - | - | - | -0.80M | -0.05M |
| Other cashflows from financing activities | - | - | -0.75M | -0.48M | -0.48M |
| Change to netincome | - | - | -0.81M | 0.75M | 0.22M |
| Capital expenditures | 0.00M | 0.17M | 0.01M | 0.00M | 0.02M |
| Change in working capital | 2.22M | 0.76M | 1.18M | 0.96M | 0.47M |
| Stock based compensation | 0.86M | 1.02M | 0.90M | 0.73M | 0.22M |
| Other non cash items | 0.31M | 0.09M | -2.12M | 0.03M | -0.04M |
| Free cash flow | -1.53M | -9.09M | -13.65M | -7.15M | -1.82M |
Sector: Consumer Cyclical Industry: Auto Manufacturers
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Stock Name
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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) |
|---|---|---|---|---|---|---|---|---|
| FHYD First Hydrogen Corp |
-0.01 1.67% |
0.29 | - | - | 1724.06 | 73.05 | 1135.89 | -7.26 |
First Hydrogen Corp. focuses on zero-emission vehicles, green hydrogen production and distribution, and supercritical carbon dioxide extractor systems primarily in Canada and the United Kingdom. The company designs and develops hydrogen-fuel-cell-powered vehicle. It also provides hydrogen powertrain platform for marine, agriculture, industrial machinery, commercial trucks, camper vans, backup power, portable power, and EV charging. The company was formerly known as Pure Extraction Corp. and changed its name to First Hydrogen Corp. in October 2021. First Hydrogen Corp. was incorporated in 2007 and is based in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Balraj S. Mann BA. CA., CPA | CEO, Pres & Chairman | 1955 |
| Ms. Nancy Zhao CPA, CGA, CPA | Chief Financial Officer | 1970 |
| Mr. Steve Gill | Chief Exec. Officer of Automotive Division | 1966 |
| Mr. Robert W. Campbell BSc, MBA, P. Eng | Chief Exec. Officer of Energy | NA |
| Mr. Stephen Pendrey | Chief Engineer of Vehicle Program | NA |
| Mr. Manuel Tolosa | Head of Powertrain Engineering of First Hydrogen Limited | NA |
| Mr. Allan Rushforth | Chief Commercial Officer for Automotive Division at First Hydrogen Limited | NA |
| Ms. Afke Cornelia-Saskia Schipstra | Chief Operational Officer of First Hydrogen Limited | NA |
| Mr. Carlos Alberto D'Amicis | Chief Financial Officer of First Hydrogen Limited | NA |
| Mr. Balraj S. Mann BA. CA., CPA | CEO, President & Chairman | 1955 |
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