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Many Bright Ideas Technologies Inc. does not have significant operations. Previously, the company was engaged in the life science business with a focus on the development and commercialization of genomic-based tests for non-small-cell lung cancer. It focuses on the commercialization of technologies in various industrial sectors. The company was formerly known as Med BioGene Inc. and changed its name to Many Bright Ideas Technologies Inc. in June 2022. The company was incorporated in 2006 and is headquartered 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.
Public information on Med BioGene Inc (MBI-H.V) is very limited; the company's corporate filings and exchange profile provide few details about its core operations or assets. Because disclosures are sparse, identifiable long-term growth drivers cannot be determined from available public sources and investors should monitor for material filings, clinical or regulatory milestones, asset acquisitions and financing events.
The primary investment risks are lack of transparent public disclosure, low trading liquidity, potential need for external financing with attendant dilution, and execution and regulatory uncertainty typical of early-stage micro-cap issuers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Net income | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Selling general administrative | 0.06M | 0.06M | 0.05M | 0.06M | 0.05M |
| Ebit | - | -0.06M | -0.05M | -0.06M | -0.05M |
| Ebitda | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Operating income | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Interest expense | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 0.06M | 0.06M | 0.05M | 0.06M | 0.05M |
| Net income from continuing ops | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Net income applicable to common shares | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 0.00M | 0.01M | 0.08M | 0.01M | 0.00M |
| Total liab | 0.07M | 0.09M | 0.18M | 0.05M | 0.14M |
| Total stockholder equity | -0.07M | -0.08M | -0.10M | -0.04M | -0.13M |
| Common stock | 9.28M | 9.21M | 9.13M | 9.13M | 8.97M |
| Capital stock | 9.28M | 9.21M | 9.13M | 9.13M | 8.97M |
| Retained earnings | -14.72M | -14.66M | -14.60M | -14.54M | -14.48M |
| Cash | 0.00M | 0.01M | 0.08M | 0.01M | 0.00M |
| Total current liabilities | 0.07M | 0.09M | 0.18M | 0.05M | 0.14M |
| Other stockholder equity | 5.37M | 5.37M | 5.37M | 5.37M | 5.38M |
| Total current assets | 0.00M | 0.01M | 0.08M | 0.01M | 0.00M |
| Net tangible assets | - | -0.08M | -0.10M | -0.04M | -0.13M |
| Net receivables | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Accounts payable | 0.03M | 0.03M | 0.04M | 0.04M | 0.13M |
| Non current assets total | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Change to liabilities | 0.00M | -0.01M | 0.00M | -0.09M | 0.05M |
| Total cash from financing activities | -0.00M | 0.07M | 0.07M | 0.16M | 0.16M |
| Change to operating activities | 0.06M | -0.08M | 0.13M | 0.00M | -0.00M |
| Net income | -0.06M | -0.06M | -0.05M | -0.06M | -0.05M |
| Change in cash | -0.01M | -0.07M | 0.07M | 0.01M | 0.00M |
| Begin period cash flow | 0.01M | 0.08M | 0.01M | 0.00M | 0.00M |
| End period cash flow | 0.00M | 0.01M | 0.08M | 0.01M | 0.00M |
| Total cash from operating activities | -0.01M | -0.15M | 0.07M | -0.15M | -0.01M |
| Issuance of capital stock | 0.00M | 0.07M | 0.00M | 0.16M | - |
| Change to account receivables | -0.00M | 0.00M | -0.00M | -0.00M | -0.00M |
| Other cashflows from financing activities | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.05M | -0.09M | 0.13M | -0.09M | 0.05M |
| Free cash flow | -0.01M | -0.15M | 0.07M | -0.15M | -0.01M |
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 EBITDA (x) |
|---|---|---|---|---|---|---|---|
| MBI-H Med BioGene Inc |
-0.01 25.00% |
0.01 | - | - | - | - | -3.03 |
| AVCR Avricore Health Inc |
- -% |
0.05 | - | - | 3.16 | 5.09 | 41.13 |
| TELO Telo Genomics Corp |
-0.01 10.00% |
0.04 | - | - | - | 8.78 | -6.32 |
| ARC Arian Resources Corp. |
- -% |
0.01 | - | - | 2.12 | - | 2.25 |
Many Bright Ideas Technologies Inc. does not have significant operations. Previously, the company was engaged in the life science business with a focus on the development and commercialization of genomic-based tests for non-small-cell lung cancer. It focuses on the commercialization of technologies in various industrial sectors. The company was formerly known as Med BioGene Inc. and changed its name to Many Bright Ideas Technologies Inc. in June 2022. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Dr. Iain Weir-Jones FGS, P.Eng., Ph.D. | Chairman & CEO | NA |
| Mr. Ibrahim Ghobrial | Chief Financial Officer | NA |
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