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Covalon Technologies(TSXV) COV

Market CapCA$65.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2004)-16%
5 Year+35%
1 Year+0%
1 Month+15%
CA$2.36
+0.86%
+0.02Today
Covalon Technologies last closing stock price
MetricPriceDate
Last closeCAD 2.362026-08-14
Covalon Technologies stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+4.42%CAD 2.262026-08-07
1 month+15.12%CAD 2.052026-07-15
3 month+21.03%CAD 1.952026-05-15
Year to date+35.63%CAD 1.742025-12-31
1 year+0.34%CAD 2.352025-08-14
3 year+45.32%CAD 1.622023-08-14
5 year+34.5%CAD 1.752021-08-13
Since inception-16.43%CAD 2.802004-09-03

Covalon Technologies Financials at a Glance

Market Cap

CA$65.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CA$32.68M

Net Income (TTM)

CA$1.64M

EPS (TTM)

CA$0.06

P/E Ratio

39.60

Dividend

CA$0.00

Beta (Volatility)

0.21 (Low)

Price

CA$2.36

Volume

2,325

Open

CA$2.31

Previous Close

CA$2.36

Daily Range

CA$2.30 - CA$2.36

52-Week Range

CA$1.55 - CA$2.89

Estimated Earnings Date

Aug 20, 2026

COV News

No articles available.

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About Covalon Technologies

Covalon Technologies Ltd. is a Canadian biotechnology company based in Mississauga, specializing in the innovation, development, manufacturing, and commercialization of advanced medical technologies and products. The company operates in major international markets, leveraging proprietary technology platforms to address various healthcare needs.

Products and Services
  • Advanced wound care dressings for chronic and infected wounds
  • Antimicrobial silicone adhesive products for surgical and vascular access
  • Unique medical coatings for enhancing existing medical devices
Growth Outlook
  • Recent quarterly revenue reached CAD 8.73 million, a significant increase
  • Trailing twelve months (TTM) revenue of CAD 34.5 million indicates strong market demand
  • Expansion into international markets supports long-term growth potential
Financial Highlights
  • Net income for the latest quarter was CAD 1.09 million, reflecting improved profitability
  • Current ratio of 7.57 indicates strong liquidity position
  • Dividend yield of 6.82% offers attractive returns for investors
Covalon Technologies Ltd. is positioned to capitalize on the growing demand for innovative medical solutions. The company's diverse product offerings cater to a wide range of healthcare facilities, enhancing its market reach. Recent financial performance demonstrates a positive trajectory, with increasing revenues and profitability. The strong liquidity position further supports operational stability and growth initiatives. As the healthcare sector continues to evolve, Covalon's commitment to innovation and quality positions it favorably for future success.
AI Generated • Aug 3, 2026

Industry

Biotechnology

Sector

Health Care

CEO

Brent Ashton

Website

www.covalon.com

Headquarters

Mississauga, ON L4W 5S7, CA

COV Financials

Key Financial Metrics (TTM)

Gross Margin

52.96%

Operating Margin

3.49%

Net Income Margin

5.02%

Return on Equity

5.72%

Return on Capital

5.35%

Return on Assets

4.95%

Earnings Yield

2.53%

Dividend Yield

0.00%

Payout Ratio

2.52%

Stock Overview

Market Cap

CA$65.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

27.62M

Volume

2.33K

Avg. Volume

9.19K

Financials (TTM)

Gross Profit

CA$17.31M

Operating Income

CA$1.14M

EBITDA

CA$2.09M

Operating Cash Flow

CA$6.09M

Capital Expenditure

-CA$1.42M

Free Cash Flow

CA$4.67M

Cash & ST Invst.

CA$16.57M

Total Debt

CA$1.77M

Covalon Technologies Performance Analysis

Covalon Technologies annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30CAD 18,146,390-7.2%
20232023-09-30CAD 26,595,28646.6%
20242024-09-30CAD 31,168,53217.2%
20252025-09-30CAD 32,816,3475.3%
Covalon Technologies sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-3010.4%
Q42025-09-303.8%
Q12025-12-31-20.8%
Q22026-03-3126.7%
Covalon Technologies annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30CAD -0.38N/A
20232023-09-30CAD -0.18-52.2%
20242024-09-30CAD 0.11N/A
20252025-09-30CAD 0.07-31.0%
Covalon Technologies sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-30-85.1%
Q42025-09-30469.6%
Q12025-12-31-65.6%
Q22026-03-31775.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

CA$8.73M

+15.0%

Gross Profit

CA$5.16M

+24.7%

Gross Margin

59.14%

N/A

Market Cap

CA$65.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

CA$620.75K

N/A

Employees

105

N/A

Net Income

CA$1.09M

+154.8%

EBITDA

CA$1.16M

+125.8%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

CA$16.57M

-8.1%

Total Debt

CA$1.77M

+191.0%

Accounts Receivable

CA$4.70M

-6.4%

Inventory

CA$6.38M

-28.6%

Long Term Debt

CA$1.44M

+1206.3%

Short Term Debt

CA$332.03K

-66.7%

Return on Assets

4.95%

N/A

Return on Invested Capital

3.87%

N/A

Free Cash Flow

-CA$1.36M

-311.8%

Operating Cash Flow

-CA$1.15M

-270.6%

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Questions About COV

What is the current price of Covalon Technologies?

Covalon Technologies is trading at CA$2.36 per share.

What is the 52-week range for Covalon Technologies?

Over the past 52 weeks, Covalon Technologies has traded between CA$1.55 and CA$2.89.

How much debt does Covalon Technologies have?

As of the most recent reporting period, Covalon Technologies reported total debt of CA$1.77M.

How much cash does Covalon Technologies have on hand?

Covalon Technologies reported CA$16.57M in cash and cash equivalents in its most recent financial results.

What is Covalon Technologies’s dividend yield?

Covalon Technologies does not currently have a dividend yield.

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