Income Statement Acceleware Ltd. OTC Markets

Stocks

ACWRF

CA00433V1085

Software

Delayed OTC Markets 11:38:47 2026-08-05 EDT			5-day change	1st Jan Change
0.0700 ^USD	-12.50%		-.--%	+5,284.62%

08-29	Acceleware Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
06-10	Acceleware Receives $2 Million in Non-Dilutive Funding from Clean Resource Innovation Network	CI

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Published financial data: ACCELEWARE LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	753K	328K	279K	5.23M	719K
Total Revenues	753K	328K	279K	5.23M	719K
Cost of Goods Sold, Total	41.53K	18.75K	-	-	-
Gross Profit	711K	310K	279K	5.23M	719K
Selling General & Admin Expenses, Total	1.77M	2.08M	1.99M	1.63M	1.14M
R&D Expenses	2.98M	3.45M	255K	1.03M	1.36M
Other Operating Expenses, Total	4.76M	5.52M	2.25M	2.66M	2.5M
Operating Income	-4.05M	-5.21M	-1.97M	2.58M	-1.78M
Interest Expense, Total	-9.48K	-342K	-599K	-645K	-780K
Interest And Investment Income	332	-	-	-	-
Net Interest Expenses	-9.15K	-342K	-599K	-645K	-780K
Currency Exchange Gains (Loss)	-24.46K	-1.5K	-4.17K	-355	-2.75K
Other Non Operating Income (Expenses)	-	415K	528K	71.9K	160K
EBT, Excl. Unusual Items	-4.08M	-5.14M	-2.05M	2M	-2.4M
Gain (Loss) On Sale Of Assets	-	-	-	-	544K
EBT, Incl. Unusual Items	-4.08M	-5.14M	-2.05M	2M	-1.86M
Earnings From Continuing Operations	-4.08M	-5.14M	-2.05M	2M	-1.86M
Net Income to Company	-4.08M	-5.14M	-2.05M	2M	-1.86M
Net Income - (IS)	-4.08M	-5.14M	-2.05M	2M	-1.86M
Net Income to Common Incl Extra Items	-4.08M	-5.14M	-2.05M	2M	-1.86M
Net Income to Common Excl. Extra Items	-4.08M	-5.14M	-2.05M	2M	-1.86M
Per Share Items
Net EPS - Basic	-0.04	-0.05	-0.02	0.02	-0.02
Basic EPS - Continuing Operations	-0.04	-0.05	-0.02	0.02	-0.02
Basic Weighted Average Shares Outstanding	107M	109M	117M	118M	123M
Net EPS - Diluted	-0.04	-0.05	-0.02	0.02	-0.02
Diluted EPS - Continuing Operations	-0.04	-0.05	-0.02	0.02	-0.02
Diluted Weighted Average Shares Outstanding	107M	109M	117M	119M	123M
Normalized Basic EPS	-0.02	-0.03	-0.01	0.01	-0.01
Normalized Diluted EPS	-0.02	-0.03	-0.01	0.01	-0.01
Supplemental Items
EBITDA	-3.99M	-5.14M	-1.93M	2.61M	-1.75M
EBITA	-4.05M	-5.21M	-1.97M	2.58M	-1.78M
EBIT	-4.05M	-5.21M	-1.97M	2.58M	-1.78M
EBITDAR	-	-5.08M	-1.87M	2.67M	-1.7M
Normalized Net Income	-2.55M	-3.21M	-1.28M	1.25M	-1.5M
Interest on Long-Term Debt	9.48K	8.39K	3.39K	2.86K	2.34K
Supplemental Operating Expense Items
Marketing Expenses	236K	203K	174K	193K	208K
Selling and Marketing Expenses	236K	203K	174K	193K	208K
General and Administrative Expenses	1.54M	1.88M	1.82M	1.44M	928K
Research And Development Expense From Footnotes	12.61M	5.67M	2.87M	2.25M	1.42M
Net Rental Expense, Total	-	60K	60K	60K	48.5K
Imputed Operating Lease Interest Expense	-	-	133K	118K	98.21K
Imputed Operating Lease Depreciation	-	-	-72.75K	-58.17K	-49.71K
Stock-Based Comp., R&D Exp. (Total)	52.26K	74.95K	243K	224K	88.65K
Stock-Based Comp., G&A Exp. (Total)	167K	202K	328K	315K	112K
Total Stock-Based Compensation	219K	277K	571K	539K	200K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	1.95M	1.15M	952K	272K	248K
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	1.95M	1.15M	952K	272K	248K
Accounts Receivable, Total	673K	204K	7.43K	905	14.88K
Other Receivables	2.49M	1.03M	273K	17.25K	39.67K
Total Receivables	3.16M	1.24M	281K	18.16K	54.55K
Prepaid Expenses	-	-	23.77K	29.21K	6.94K
Other Current Assets, Total	86.2K	60.34K	-	-	-
Total Current Assets	5.2M	2.44M	1.26M	319K	309K
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	155K	84.1K	49.7K	21.3K	41.93K
Other Intangibles, Total	-	-	-	-	-
Deferred Charges Long-Term	-	-	203K	-	-
Other Long-Term Assets, Total	-	-	1.28K	-	-
Total Assets	5.35M	2.53M	1.51M	340K	351K
Liabilities
Accounts Payable, Total	3.72M	1.34M	730K	774K	813K
Accrued Expenses, Total	1.54M	968K	1.42M	1.55M	1.92M
Short-term Borrowings	-	-	944K	1.16M	1.22M
Current Portion of Long-Term Debt	-	-	-	-	2.03M
Current Portion of Leases	27.87K	-	-	-	31.55K
Unearned Revenue Current, Total	104K	-	79.12K	61.17K	238K
Other Current Liabilities	725K	772K	70.04K	159K	23.04K
Total Current Liabilities	6.11M	3.08M	3.24M	3.7M	6.28M
Long-Term Debt	-	1.26M	1.45M	1.68M	-
Long-Term Leases	-	-	-	-	11.07K
Unearned Revenue Non Current	3.05M	4.35M	4.35M	-	-
Other Non Current Liabilities	317K	1M	445K	359K	-
Total Liabilities	9.48M	9.69M	9.49M	5.74M	6.29M
Common Stock, Total	23.18M	24.52M	25.26M	25.27M	25.79M
Additional Paid In Capital	7.86M	8.62M	8.43M	9.53M	9.86M
Retained Earnings	-35.16M	-40.3M	-42.35M	-40.34M	-42.2M
Comprehensive Income and Other	-	-	675K	143K	616K
Total Common Equity	-4.12M	-7.16M	-7.98M	-5.4M	-5.94M
Total Equity	-4.12M	-7.16M	-7.98M	-5.4M	-5.94M
Total Liabilities And Equity	5.35M	2.53M	1.51M	340K	351K
Supplemental Items
ECS Total Shares Outstanding on Filing Date	108M	116M	118M	119M	130M
ECS Total Common Shares Outstanding	108M	115M	118M	118M	130M
Book Value / Share	-0.04	-0.06	-0.07	-0.05	-0.05
Tangible Book Value	-4.12M	-7.16M	-7.98M	-5.4M	-5.94M
Tangible Book Value Per Share	-0.04	-0.06	-0.07	-0.05	-0.05
Total Debt	27.87K	1.26M	2.4M	2.84M	3.3M
Net Debt	-1.92M	111K	1.45M	2.57M	3.05M
Debt Equivalent Oper. Leases	-	480K	480K	480K	388K
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	-	-	-	-	-
Full Time Employees	19	18	-	-	13
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-4.08M	-5.14M	-2.05M	2M	-1.86M
Depreciation & Amortization - CF	51.59K	70.8K	37.8K	29.69K	31.78K
Depreciation & Amortization, Total	51.59K	70.8K	37.8K	29.69K	31.78K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-232K
Stock-Based Compensation (CF)	219K	277K	571K	539K	200K
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	232K	-12.96K	72.2K	526K	357K
Change In Accounts Receivable	-1.8M	1.93M	754K	262K	-36.39K
Change In Accounts Payable	4.25M	-2.26M	-185K	161K	188K
Change in Unearned Revenues	537K	534K	15.8K	-4.37M	177K
Change in Other Net Operating Assets	285K	25.85K	36.58K	198K	22.28K
Cash from Operations	-305K	-4.58M	-743K	-650K	-1.15M
Capital Expenditure	-32.84K	-	-	-	-
Sale of Property, Plant, and Equipment	-	-	-	-	232K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-32.84K	-	-	-	232K
Short Term Debt Issued, Total	-	-	196K	140K	86.82K
Long-Term Debt Issued, Total	-	2.16M	-	-	-
Total Debt Issued	-	2.16M	196K	140K	86.82K
Short Term Debt Repaid, Total	-	-	-	-	-100K
Long-Term Debt Repaid, Total	-61.76K	-38.77K	-38.69K	-35.55K	-28.09K
Total Debt Repaid	-61.76K	-38.77K	-38.69K	-35.55K	-128K
Issuance of Common Stock	405K	1.83M	653K	8.5K	939K
Other Financing Activities, Total	-	-171K	-262K	-142K	-
Cash from Financing	343K	3.78M	548K	-29.35K	897K
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Change in Cash	5.5K	-801K	-195K	-680K	-23.9K
Supplemental Items
Cash Interest Paid	-	171K	262K	142K	-
Levered Free Cash Flow	-1.33M	-4.2M	-311K	2.28M	-909K
Unlevered Free Cash Flow	-1.32M	-3.99M	64.09K	2.68M	-421K
Change In Net Working Capital	-972K	1.08M	-687K	-500K	-460K
Net Debt Issued / Repaid	-61.76K	2.12M	158K	104K	-41.27K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-54.93	-82.7	-60.96	173.97	-321.87
Return on Total Capital	107.41	65.01	22.78	-39.54	43.02
Return On Equity %	170.33	91.16	27.02	-29.91	32.81
Return on Common Equity	170.33	91.16	27.02	-29.91	32.81
Margin Analysis
Gross Profit Margin %	94.48	94.29	100	100	100
SG&A Margin	235.79	633.03	714.6	31.19	157.94
EBITDA Margin %	-530.63	-1.57K	-692.35	49.78	-243.25
EBITA Margin %	-537.48	-1.59K	-705.9	49.21	-247.67
EBIT Margin %	-537.48	-1.59K	-705.9	49.21	-247.67
Income From Continuing Operations Margin %	-541.94	-1.57K	-733.08	38.25	-258.68
Net Income Margin %	-541.94	-1.57K	-733.08	38.25	-258.68
Net Avail. For Common Margin %	-541.94	-1.57K	-733.08	38.25	-258.68
Normalized Net Income Margin	-338.72	-978.96	-458.17	23.91	-208.97
Levered Free Cash Flow Margin	-176.04	-1.28K	-111.29	43.48	-126.37
Unlevered Free Cash Flow Margin	-175.25	-1.21K	22.97	51.19	-58.57
Asset Turnover
Asset Turnover	0.16	0.08	0.14	5.66	2.08
Fixed Assets Turnover	4.58	2.75	4.29	147.4	22.75
Receivables Turnover (Average Receivables)	1.41	0.75	67.1	1.26K	91.14
Short Term Liquidity
Current Ratio	0.85	0.79	0.39	0.09	0.05
Quick Ratio	0.84	0.77	0.38	0.08	0.05
Operating Cash Flow to Current Liabilities	-0.05	-1.49	-0.23	-0.18	-0.18
Days Sales Outstanding (Average Receivables)	259.62	487.26	5.44	0.29	4
Average Days Payable Outstanding	17.63K	49.22K	-	-	-
Long Term Solvency
Total Debt/Equity	-0.68	-17.56	-30.06	-52.63	-55.54
Total Debt / Total Capital	-0.68	-21.3	-42.97	-111.08	-124.94
LT Debt/Equity	-	-17.56	-18.23	-31.14	-0.19
Long-Term Debt / Total Capital	-	-21.3	-26.06	-65.72	-0.42
Total Liabilities / Total Assets	177.03	383.1	628.55	1.69K	1.79K
EBIT / Interest Expense	-426.57	-15.26	-3.29	3.99	-2.28
EBITDA / Interest Expense	-421.13	-15.05	-3.22	4.04	-2.24
(EBITDA - Capex) / Interest Expense	-424.59	-15.05	-3.22	4.04	-2.24
Total Debt / EBITDA	-0.01	-0.24	-1.24	1.09	-1.89
Net Debt / EBITDA	0.48	-0.02	-0.75	0.99	-1.74
Total Debt / (EBITDA - Capex)	-0.01	-0.24	-1.24	1.09	-1.89
Net Debt / (EBITDA - Capex)	0.48	-0.02	-0.75	0.99	-1.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-16.29	-56.39	-15.01	1.78K	-86.26
Gross Profit, 1 Yr. Growth %	-20.91	-56.48	-9.86	1.78K	-86.26
EBITDA, 1 Yr. Growth %	101.19	28.76	-62.44	-234.86	-167.16
EBITA, 1 Yr. Growth %	90.95	28.86	-62.22	-230.76	-169.16
EBIT, 1 Yr. Growth %	90.95	28.86	-62.22	-230.76	-169.16
Earnings From Cont. Operations, 1 Yr. Growth %	94.3	26.05	-60.22	-197.86	-192.94
Net Income, 1 Yr. Growth %	94.3	26.05	-60.22	-197.86	-192.94
Normalized Net Income, 1 Yr. Growth %	94.3	26.05	-60.22	-197.86	-220.13
Diluted EPS Before Extra, 1 Yr. Growth %	92.22	22.99	-62.8	-184.53	-218.31
Accounts Receivable, 1 Yr. Growth %	68.91	-69.69	736.49	-87.82	1.54K
Net Property, Plant and Equip., 1 Yr. Growth %	-10.8	-45.71	-38.15	-57.14	96.84
Total Assets, 1 Yr. Growth %	38.84	-52.75	-40.29	-77.45	3.18
Tangible Book Value, 1 Yr. Growth %	517.81	73.64	11.48	-32.31	9.9
Common Equity, 1 Yr. Growth %	517.81	73.64	11.48	-32.31	9.9
Cash From Operations, 1 Yr. Growth %	-87.15	1.4K	-85.87	-12.49	77.36
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-32.83	223.91	-93.36	-832.8	-140.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-32.98	208.81	-101.44	4.08K	-115.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-28.05	-39.58	-39.12	299.25	60.55
Gross Profit, 2 Yr. CAGR %	-29.99	-41.33	-37.37	311.16	60.55
EBITDA, 2 Yr. CAGR %	63.56	60.95	-30.46	-28.83	-4.84
EBITA, 2 Yr. CAGR %	63.79	56.86	-30.23	-29.72	-4.9
EBIT, 2 Yr. CAGR %	63.79	56.86	-30.23	-29.72	-4.9
Earnings From Cont. Operations, 2 Yr. CAGR %	61.78	56.49	-29.19	-37.61	-4.63
Net Income, 2 Yr. CAGR %	61.78	56.49	-29.19	-37.61	-4.63
Normalized Net Income, 2 Yr. CAGR %	61.78	56.49	-29.19	-37.61	8.43
Diluted EPS Before Extra, 2 Yr. CAGR %	60.12	53.76	-32.36	-40.06	0
Accounts Receivable, 2 Yr. CAGR %	2.08	-28.45	-89.49	0.95	41.53
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.85	-30.41	-43.35	-48.52	-8.15
Total Assets, 2 Yr. CAGR %	-9.36	-19.01	-46.89	-63.31	-51.77
Tangible Book Value, 2 Yr. CAGR %	89.62	227.53	39.13	-13.13	-13.75
Common Equity, 2 Yr. CAGR %	89.62	227.53	39.13	-13.13	-13.75
Cash From Operations, 2 Yr. CAGR %	-51.45	38.94	56.1	-64.84	24.59
Capital Expenditures, 2 Yr. CAGR %	-30.69	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-2.65	45.93	-51.07	-30.25	71.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.13	42.33	-77.72	-22.53	156.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-44.13	-39.11	-32.3	90.85	29.88
Gross Profit, 3 Yr. CAGR %	-44.89	-40.25	-32.3	94.5	32.45
EBITDA, 3 Yr. CAGR %	287.6	51.02	-0.91	-13.28	-30.19
EBITA, 3 Yr. CAGR %	191	51.21	-2.41	-13.98	-30.09
EBIT, 3 Yr. CAGR %	191	51.21	-2.41	-13.98	-30.09
Earnings From Cont. Operations, 3 Yr. CAGR %	245.84	48.86	-0.87	-21.13	-28.74
Net Income, 3 Yr. CAGR %	245.84	48.86	-0.87	-21.13	-28.74
Normalized Net Income, 3 Yr. CAGR %	245.84	48.86	-0.87	-21.13	-22.38
Diluted EPS Before Extra, 3 Yr. CAGR %	241.69	46.64	-4.19	-23.83	-24.81
Accounts Receivable, 3 Yr. CAGR %	-20.27	-31.9	-73.48	-88.96	155.88
Net Property, Plant and Equip., 3 Yr. CAGR %	-7.85	-19.98	-34.1	-48.38	-19.5
Total Assets, 3 Yr. CAGR %	-4.62	-27.05	-26.83	-60.08	-48.21
Tangible Book Value, 3 Yr. CAGR %	24.16	84.13	128.68	9.43	-6.05
Common Equity, 3 Yr. CAGR %	24.16	84.13	128.68	9.43	-6.05
Cash From Operations, 3 Yr. CAGR %	-39.86	52.42	-32.09	28.71	-39.7
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-1.31	44.3	-46.01	20.6	-42.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.61	41.55	-68.07	27.53	-54.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-11.61	-24.29	-42.18	29.19	-4.37
Gross Profit, 5 Yr. CAGR %	-1.6	-22.4	-42	29.24	-4.37
EBITDA, 5 Yr. CAGR %	16.07	15.08	94.95	11.77	-2.5
EBITA, 5 Yr. CAGR %	15.74	14.72	64.36	11.3	-3.41
EBIT, 5 Yr. CAGR %	15.74	14.72	64.36	11.3	-3.41
Earnings From Cont. Operations, 5 Yr. CAGR %	15.21	13.34	83.38	5.13	-2.39
Net Income, 5 Yr. CAGR %	15.21	13.34	83.38	5.13	-2.39
Normalized Net Income, 5 Yr. CAGR %	15.21	13.29	83.38	5.13	2.75
Diluted EPS Before Extra, 5 Yr. CAGR %	6.09	10.58	78.75	2.53	0.1
Accounts Receivable, 5 Yr. CAGR %	9.87	1.44	-64.55	-73.12	-48.18
Net Property, Plant and Equip., 5 Yr. CAGR %	11.83	-16.53	-24.15	-33.53	-24.74
Total Assets, 5 Yr. CAGR %	14.63	11.68	-24.53	-44.58	-38.07
Tangible Book Value, 5 Yr. CAGR %	40.15	70.68	29.95	36.34	54.83
Common Equity, 5 Yr. CAGR %	40.15	70.68	29.95	36.34	54.83
Cash From Operations, 5 Yr. CAGR %	-25.5	17.79	-11.92	-12.85	-13.44
Capital Expenditures, 5 Yr. CAGR %	30.46	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	18.35	30.19	-25.78	10.23	-14.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.59	31.16	-45.92	13.76	-26.54