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Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. It offers its products to fiberglass building insulation manufacturers for use as a raw material to insulate homes. The company was incorporated in 1992 and is headquartered in Airdrie, 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.
Vitreous Glass Inc (ticker VCI.V) is listed on the TSX Venture Exchange; public disclosures provide minimal detail about operations. Major long-term growth drivers are not clearly documented, so potential upside appears contingent on operational milestones, successful commercialization and revenue growth. Investors may find it interesting if upcoming filings and project updates confirm scalable operations and transparent financials.
Key risks include microcap illiquidity, limited operating history, execution and financing risk, potential operating losses and regulatory or environmental compliance exposure.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Income before tax | 4.04M | 3.15M | 3.30M | 2.85M | 4.36M |
| Net income | 3.14M | 2.40M | 2.54M | 2.17M | 3.37M |
| Selling general administrative | 2.36M | 1.87M | 1.76M | 1.52M | 1.93M |
| Gross profit | 6.34M | 4.96M | 5.07M | 4.38M | 6.31M |
| Reconciled depreciation | 0.15M | 0.19M | 0.15M | 0.15M | 0.12M |
| Ebit | - | - | 3.30M | 2.85M | 4.36M |
| Ebitda | - | - | 3.44M | 3.00M | 4.49M |
| Depreciation and amortization | - | - | 0.15M | 0.15M | 0.12M |
| Operating income | 3.95M | 3.08M | 3.30M | 2.85M | 4.36M |
| Other operating expenses | - | - | 6.89M | 6.77M | 7.75M |
| Interest expense | - | - | - | - | 0.00M |
| Tax provision | 0.89M | 0.75M | 0.76M | 0.68M | 0.99M |
| Interest income | 0.08M | 0.05M | - | - | - |
| Net interest income | 0.08M | 0.05M | - | - | - |
| Income tax expense | - | - | 0.76M | 0.68M | 0.99M |
| Total revenue | 14.07M | 9.66M | 10.19M | 9.62M | 12.12M |
| Total operating expenses | 10.13M | 6.58M | 1.78M | 1.53M | 1.94M |
| Cost of revenue | 7.73M | 4.70M | 5.12M | 5.24M | 5.81M |
| Total other income expense net | 0.01M | 0.01M | -0.01M | 0.01M | 0.00M |
| Net income from continuing ops | 3.14M | 2.40M | 2.54M | 2.17M | 3.37M |
| Net income applicable to common shares | - | - | - | 2.17M | 3.37M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Total assets | 6.66M | 5.12M | 5.41M | 5.49M | 5.15M |
| Total liab | 1.67M | 1.10M | 1.26M | 1.24M | 0.99M |
| Total stockholder equity | 5.00M | 4.02M | 4.15M | 4.26M | 4.16M |
| Common stock | - | - | - | 2.90M | 2.90M |
| Capital stock | 2.93M | 2.93M | 2.92M | 2.90M | 2.90M |
| Retained earnings | 1.91M | 0.98M | 1.12M | 1.22M | 1.12M |
| Other liab | - | - | - | 0.31M | 0.15M |
| Cash | 2.89M | 1.88M | 2.26M | 1.74M | 2.45M |
| Total current liabilities | 1.29M | 0.71M | 0.86M | 0.84M | 0.73M |
| Property plant equipment | - | - | - | 2.11M | 1.68M |
| Total current assets | 4.59M | 3.09M | 3.36M | 3.38M | 3.46M |
| Net tangible assets | - | - | - | 4.26M | 4.16M |
| Net receivables | 0.92M | 0.49M | 0.35M | 0.56M | 0.45M |
| Inventory | 0.73M | 0.67M | 0.70M | 1.02M | 0.52M |
| Accounts payable | 0.84M | 0.32M | 0.33M | 0.42M | 0.27M |
| Non current assets total | 2.08M | 2.03M | 2.05M | 2.11M | 1.68M |
| Capital lease obligations | 0.00M | 0.06M | 0.08M | 0.10M | 0.12M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Investments | - | -0.15M | -0.09M | -0.58M | -0.11M |
| Change to liabilities | - | - | - | 0.11M | -0.25M |
| Total cashflows from investing activities | - | - | - | -0.58M | -0.11M |
| Net borrowings | -0.02M | -0.02M | - | -0.02M | -0.02M |
| Total cash from financing activities | -2.23M | -2.56M | -2.66M | -2.10M | -3.48M |
| Change to operating activities | - | - | - | -0.01M | -0.00M |
| Net income | 3.14M | 2.40M | 2.54M | 2.17M | 3.37M |
| Change in cash | 1.00M | -0.38M | 0.52M | -0.71M | 0.93M |
| Begin period cash flow | 1.88M | 2.26M | 1.74M | 2.45M | 1.52M |
| End period cash flow | 2.89M | 1.88M | 2.26M | 1.74M | 2.45M |
| Total cash from operating activities | 3.47M | 2.33M | 3.27M | 1.97M | 4.52M |
| Depreciation | 0.15M | 0.19M | 0.15M | 0.15M | 0.12M |
| Dividends paid | 2.22M | 2.53M | 2.64M | 2.07M | 3.46M |
| Change to inventory | -0.06M | 0.03M | 0.32M | -0.50M | 0.38M |
| Change to account receivables | -0.43M | -0.15M | 0.12M | -0.02M | 0.89M |
| Other cashflows from financing activities | - | - | -0.09M | -0.58M | -0.11M |
| Change to netincome | - | - | - | 0.17M | -0.00M |
| Capital expenditures | 0.23M | 0.15M | 0.09M | 0.58M | 0.11M |
| Change in working capital | 0.10M | -0.26M | 0.56M | -0.52M | 1.02M |
| Stock based compensation | 0.14M | 0.01M | 0.03M | 0.05M | -0.06M |
| Other non cash items | 0.03M | 0.00M | 0.02M | -0.00M | 0.01M |
| Free cash flow | 3.24M | 2.18M | 3.19M | 1.39M | 4.41M |
Sector: Industrials Industry: Waste Management
|
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) |
|---|---|---|---|---|---|---|---|---|
| VCI Vitreous Glass Inc |
-0.28 4.06% |
6.61 | 11.72 | - | 2.83 | 8.52 | 2.64 | 8.47 |
| BQE BQE Water Inc |
1.00 1.45% |
70.00 | 12.65 | 84.03 | 2.90 | 3.49 | 2.42 | 8.47 |
| BLM BluMetric Environmental Inc |
0.01 1.23% |
0.82 | - | - | 0.74 | 1.52 | 0.81 | 66.06 |
| GIP Green Impact Partners Inc |
- -% |
2.30 | - | 26.25 | 0.42 | 0.67 | 0.66 | 227.29 |
| YES CHAR Technologies Ltd |
-0.01 5.13% |
0.18 | - | 15.50 | 17.58 | 8.60 | 17.60 | 40.53 |
Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. It offers its products to fiberglass building insulation manufacturers for use as a raw material to insulate homes. The company was incorporated in 1992 and is headquartered in Airdrie, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. J. Patrick Cashion C.A., CPA | Pres, CEO & Director | NA |
| Mr. Timothy H. Rendell C.A., CPA, CA | CFO & Director | NA |
| Mr. Darcy J. Forbes M.B.A. | VP & COO | NA |
| Mr. J. Patrick Cashion C.A., CPA | President, CEO & Director | NA |
| Mr. Lance Mierendorf C.A., CPA | Chief Financial Officer | NA |
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