Covalon Technologies Ltd.

Covalon Technologies Ltd.

4.00
CAD
-0.17
(-4.08%)
0.16EPS
13.19P/E
58.00MMarket Cap
Dec 10Next Earn
Covalon Technologies Ltd.
TSXV:COV
(TSX Venture Exchange)

Recent

price

4.00

P/E

ratio

13.19

div

yld

3.76%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
0.43
0.31
0.46
0.45
0.97
0.82
0.56
1.36
1.24
1.51
0.52
0.76
0.7
1.07
1.28
1.2
1.25
Revenue per Share
-0.53
-0.43
-0.48
-0.11
0.26
-0.1
-0.26
0.09
0.08
-0.41
-0.27
0.91
-0.38
-0.18
0.11
0.08
0.16
Basic EPS, GAAP
-0.02
-0.43
-0.42
-0.18
0.32
-0.27
-0.11
-0.02
-0.06
-0.18
-0.24
0.02
-0.35
-0.18
0.13
0.05
0.19
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.15
Dividend per Share
1.01
0.84
0.39
0.32
0.59
0.51
0.2
0.42
0.6
0.58
0.35
1.29
0.96
0.76
1
1.12
1.14
Book Value per Share
0.66
0.54
0.14
0.1
0.39
0.32
0.11
0.35
0.53
-0.01
-0.23
1.26
0.91
0.69
0.95
1.07
1.1
Tangible Book Value per Share
7
8
8
9
9
9
12
20
22
22
26
26
26
25
24
27
28
Basic Weighted Avg Shares
3
3
4
4
9
8
7
27
27
34
14
20
18
27
31
33
34
Sales/Revenue/Turnover
-63.26
-139.67
-102.41
-24.37
26.96
-9.99
-47.03
6.63
6.05
-24.26
-54.69
4.29
-50.38
-17.03
6.9
5.37
11.49
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
1
1
Depreciation Expense
-4
-4
-4
-1
2
-1
-3
2
2
-9
-7
23
-10
-4
3
2
4
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-121.78
-137.63
-105.22
-24.02
26.51
-12.41
-47.03
6.63
6.05
-26.87
-51.47
120.02
-53.25
-16.77
8.57
6.27
12.78
Profit Margin (%)
5
4
1
1
4
3
2
7
11
4
-8
32
23
16
25
28
28
Working Capital
- -
- -
- -
1
1
- -
- -
- -
- -
6
3
2
2
1
- -
2
1
LT Debt
8
7
3
3
6
5
4
9
13
15
9
33
24
19
28
31
32
Total Equity
- -
- -
- -
- -
52.72
- -
- -
32.67
15.27
- -
- -
2.54
- -
- -
8.82
5.75
12.6
Return on Invested Capital (%)
- -
- -
- -
- -
50.64
- -
- -
28.33
13.69
- -
- -
72.44
- -
- -
10.95
6.71
13.67
Return on Capital (%)
-42.51
-48.84
-77.88
-32.14
56.69
-18.27
-72.03
28.33
14.64
-65.14
-57.85
110.53
-33.55
-20.74
11.53
7.07
14.33
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
28
28
Market Capitalization
48
50
58

Working Capital

CAD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
28
28
31
Cash, Cash Equivalents & STI
18
17
19
Accounts Receivable, Net
2
5
5
Inventories
7
6
7
Total Current Liabilities
5
4
4
Payables & Accruals
4
3
3
ST Debt
1
- -
- -
Deferred Revenue
1
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
41.1%
54.94%
11.72%
Free Cash Flow
-209.89%
-504.73%
-52.81%
Net Income, GAAP
-144.49%
-163.09%
-22.91%
Sales/Revenue/Turnover
37.32%
21.33%
5.29%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
8
9
9
31
2025
8
8
8
9
33
2026
7
9
10
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
0.06
0.06
0.02
0.11
2025
0.04
0.02
- -
0.01
0.08
2026
- -
0.04
0.1
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
0.15
- -
- -
- -
- -
Business
Covalon Technologies Ltd. is a research-driven developer, manufacturer and marketer of patent-protected medical products focused on advanced wound care, infection management, vascular access, perioperative care and customized medical device coatings. The company offers a comprehensive portfolio of solutions including collagen matrix dressings such as ColActive Plus and ColActive Plus Ag for chronic and infected wounds like diabetic foot ulcers, pressure ulcers and surgical wounds; vascular access products including VALGuard line guards, IV Clear dual-antimicrobial clear IV dressings and CovaClear IV soft silicone dressings for sensitive skin; perioperative care items; urology products; and proprietary coating technologies like CovaCoat utilizing photo-polymerization processes. Founded in 2004 and headquartered in Mississauga, Ontario, Canada, Covalon sells its branded products directly and through private label arrangements and license contracts to pediatric and acute care hospitals, long-term care settings and home healthcare providers throughout the United States, Canada, Latin America and the Middle East. In a significant recent development, the company engaged Origin Merchant Partners in May 2025 as its financial and strategic advisor to explore opportunities including joint ventures, mergers, licensing deals, a potential NASDAQ listing, stock repurchases from its approximately $18 million net cash reserves and separations of its Advanced Wound Care and Vascular Access Surgical Consumables divisions to maximize shareholder value; additionally, Covalon announced its first-ever dividend payment in November 2025, marking a milestone in financial strength amid revenue growth to $24.1 million in the first nine months of fiscal 2025.

Company News

  • Contamination Protection Solution Highlights Covalon's Presence at the Association for Vascular Access 2026 Annual Scientific Meeting

  • Covalon to Present at the 2026 Annual Smallcap Discoveries Conference After Reporting Revenue Growth of 20% and Gross Margin of 67%

  • Covalon Technologies Ltd. (COV:CA) Q3 2026 Earnings Call Transcript

  • Covalon Reports Fiscal 2026 Third Quarter Results

  • Covalon Announces Conference Call to Discuss Third Quarter Fiscal 2026 Results

  • Covalon Announces Appointment of New Director and DSU Grants

  • Covalon Technologies Ltd. (COV:CA) Q2 2026 Earnings Call Transcript

  • Covalon Reports 2026 Second Quarter Results

  • Covalon Announces Conference Call to Discuss Second Quarter Fiscal 2026 Results

  • Comparing Solana (NASDAQ:HSDT) and Covalon Technologies (OTCMKTS:CVALF)

  • Covalon Technologies Reports Significant Milestones Spanning Vascular Access, Infection Prevention, and Wound Care

  • Covalon to Showcase Clinical Innovation and Infection Prevention Leadership at Infusion Nurses Society 2026 Annual Meeting

  • Covalon Announces Grant of Deferred Share Units

  • Covalon Announces Voting Results from Fiscal 2025 Annual General and Special Meeting of Shareholders

  • Covalon Technologies Ltd. (COV:CA) Shareholder/Analyst Call Transcript

  • Covalon To Hold Annual Meeting of Shareholders on Wednesday, March 25, 2026

  • Covalon Technologies Ltd. (COV:CA) Q1 2026 Earnings Call Transcript

  • Covalon Reports on 2026 First Quarter Results and Recent Achievements and Highlights

  • Covalon Honoured to Partner with the Association for Vascular Access and Global Expert Dr. Nancy Moureau to Tackle Critical IV Therapy Complications

  • Covalon Announces Conference Call to Discuss First Quarter Fiscal 2026 Results