Complete financial analysis of Acceleware Ltd. (ACWRF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Acceleware Ltd., a leading company in the Software – Application industry within the Technology sector.
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Acceleware Ltd. (ACWRF)
About Acceleware Ltd.
Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States. The company operates through two segments, RF Heating and High-Performance Computing. It develops an enhanced heavy oil and oil sands production technology based on radio frequency (RF) heating; and develops and markets computational software products for the oil and gas, and other markets. The company's solutions include AxFDTD, an electromagnetic modeling software to measure RF energy absorption; AxHeat RF heating simulation software; AxRTM, a graphics processing unit accelerated Kirchhoff time migration solution; AxWAVE, a solution that allows customers to model seismic acquisition and perform data characterization; AxFWI, a revolutionary modular full waveform inversion application for providing subsurface velocity models. It also sells computing software and related consulting services, and training programs primarily to the oil and gas industry. The company was founded in 2004 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 279.01K | 328.29K | 752.77K | 899.28K | 1.45M | 4.32M | 1.32M | 1.40M | 2.82M | 2.66M | 3.07M | 2.91M | 2.76M | 2.48M | 3.60M | 3.80M | 2.63M | 1.05M | 13.18K |
| Cost of Revenue | 0.00 | 18.75K | 41.53K | 0.00 | 2.85K | 67.67K | 220.15K | 624.17K | 539.74K | 334.66K | 647.11K | 716.61K | 544.11K | 458.63K | 1.03M | 3.04M | 1.38M | 519.55K | 0.00 |
| Gross Profit | 279.01K | 309.55K | 711.24K | 899.28K | 1.45M | 4.25M | 1.10M | 771.00K | 2.28M | 2.32M | 2.42M | 2.19M | 2.22M | 2.03M | 2.57M | 755.98K | 1.25M | 532.75K | 13.18K |
| Gross Profit Ratio | 100.00% | 94.29% | 94.48% | 100.00% | 99.80% | 98.43% | 83.32% | 55.26% | 80.84% | 87.40% | 78.90% | 75.38% | 80.30% | 81.54% | 71.46% | 19.91% | 47.44% | 50.63% | 100.00% |
| Research & Development | 2.87M | 3.45M | 2.98M | 958.87K | 687.52K | 2.02M | 1.78M | 1.25M | 1.28M | 1.19M | 1.40M | 1.23M | 1.37M | 1.01M | 1.18M | 3.64M | 1.97M | 690.96K | 0.00 |
| General & Administrative | 1.80M | 1.84M | 1.51M | 1.88M | 2.00M | 2.19M | 1.75M | 1.32M | 1.15M | 1.08M | 1.31M | 1.34M | 1.03M | 1.61M | 2.46M | 6.49M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 174.10K | 203.04K | 235.75K | 116.34K | 167.61K | 154.09K | 162.25K | 134.27K | 115.78K | 169.33K | 143.02K | 91.17K | 79.66K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.97M | 2.04M | 1.75M | 1.99M | 2.17M | 2.34M | 1.91M | 1.45M | 1.27M | 1.25M | 1.45M | 1.44M | 1.11M | 1.61M | 2.46M | 6.49M | 5.37M | 2.04M | 136.19K |
| Other Expenses | -2.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.25M | 5.52M | 4.76M | 3.02M | 2.96M | 4.41M | 3.72M | 2.73M | 2.58M | 2.48M | 2.91M | 2.72M | 2.68M | 2.76M | 3.68M | 10.37M | 7.55M | 2.80M | 136.19K |
| Cost & Expenses | 2.25M | 5.54M | 4.80M | 3.02M | 2.96M | 4.48M | 3.94M | 3.36M | 3.12M | 2.82M | 3.55M | 3.44M | 3.23M | 3.22M | 4.71M | 13.41M | 8.94M | 3.32M | 136.19K |
| Interest Income | 0.00 | 0.00 | 332.00 | 15.95K | 63.22K | 730.00 | 584.00 | 2.47K | 440.00 | 521.00 | 0.00 | 0.00 | 81.00 | 204.00 | 35.66K | 185.80K | 231.40K | 0.00 | 13.18K |
| Interest Expense | 599.38K | 341.66K | 9.49K | 6.92K | 12.09K | 10.32K | 153.08K | 13.26K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 37.80K | 70.80K | 51.59K | 133.49K | 200.35K | 95.59K | 76.03K | 62.57K | 82.97K | 88.21K | 72.88K | 106.18K | 224.77K | 309.09K | 237.69K | 483.04K | 299.79K | 73.11K | -246.02K |
| EBITDA | -1.41M | -5.14M | -4.02M | -1.97M | -1.35M | -63.63K | -2.55M | -1.93M | -226.72K | -139.26K | -418.99K | -419.30K | -234.76K | -398.89K | -869.70K | -9.74M | -6.00M | -2.19M | -123.01K |
| EBITDA Ratio | -504.71% | -1,566.59% | -530.58% | -219.00% | -85.60% | -1.47% | -193.01% | -132.46% | -11.09% | -2.70% | -15.29% | -15.84% | -8.69% | -17.30% | -24.17% | -216.99% | -228.15% | -208.56% | -933.38% |
| Operating Income | -1.97M | -5.21M | -4.05M | -2.12M | -1.51M | -164.19K | -2.62M | 1.96M | 219.71K | 159.42K | 486.34K | 525.48K | -464.94K | -738.99K | -1.11M | -8.72M | 6.30M | 2.27M | 123.01K |
| Operating Income Ratio | -705.90% | -1,588.16% | -537.48% | -235.62% | -103.73% | -3.80% | -198.77% | 140.60% | 7.80% | 6.00% | 15.86% | 18.05% | -16.83% | -29.74% | -30.77% | -229.71% | 239.54% | 215.50% | 933.38% |
| Total Other Income/Expenses | -75.84K | 71.64K | -33.62K | 19.24K | -50.72K | 65.56K | -125.89K | -61.70K | 88.23K | 521.00 | 55.35K | -1.01M | -5.41K | 0.00 | 0.00 | 614.83K | -6.30M | -2.27M | -123.01K |
| Income Before Tax | -2.05M | -5.14M | -4.08M | -2.10M | -1.56M | -98.62K | -2.75M | -2.01M | -219.27K | -158.90K | -430.99K | -483.82K | -464.94K | 0.00 | 0.00 | -9.61M | 5.87M | 0.00 | 0.00 |
| Income Before Tax Ratio | -733.08% | -1,566.33% | -541.94% | -233.48% | -107.21% | -2.28% | -208.30% | -144.07% | -7.78% | -5.98% | -14.06% | -16.62% | -16.83% | 0.00% | 0.00% | -253.05% | 223.07% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 341.66K | 9.49K | 6.92K | 12.09K | 10.32K | 153.08K | 48.45K | -88.23K | -521.00 | -55.35K | -41.67K | -917.20K | 0.00 | 0.00 | 886.27K | 0.00 | 0.00 | 246.02K |
| Net Income | -2.05M | -5.14M | -4.08M | -2.10M | -1.56M | -98.62K | -2.75M | -2.01M | -219.27K | -158.90K | -430.99K | -483.82K | 452.26K | -738.99K | -1.11M | -10.50M | -6.74M | -2.27M | -123.01K |
| Net Income Ratio | -733.08% | -1,566.33% | -541.94% | -233.48% | -107.21% | -2.28% | -208.30% | -144.07% | -7.78% | -5.98% | -14.06% | -16.62% | 16.37% | -29.74% | -30.77% | -276.39% | -256.01% | -215.50% | -933.38% |
| EPS | -0.02 | -0.05 | -0.04 | -0.02 | -0.01 | 0.00 | -0.03 | -0.03 | 0.00 | 0.00 | -0.01 | -0.01 | 0.01 | -0.01 | -0.02 | -0.25 | -0.20 | -0.13 | -0.02 |
| EPS Diluted | -0.02 | -0.05 | -0.04 | -0.02 | -0.01 | 0.00 | -0.03 | -0.03 | 0.00 | 0.00 | -0.01 | -0.01 | 0.01 | -0.01 | -0.02 | -0.25 | -0.20 | -0.13 | -0.02 |
| Weighted Avg Shares Out | 116.86M | 109.28M | 106.63M | 105.49M | 104.46M | 102.79M | 96.63M | 70.61M | 66.19M | 59.85M | 55.95M | 55.95M | 54.28M | 54.14M | 51.37M | 42.00M | 34.50M | 17.26M | 5.71M |
| Weighted Avg Shares Out (Dil) | 116.86M | 109.28M | 106.63M | 105.49M | 104.46M | 102.79M | 96.63M | 70.61M | 66.19M | 59.85M | 55.95M | 55.95M | 54.28M | 54.14M | 51.37M | 42.00M | 34.50M | 17.26M | 5.71M |
Acceleware Awarded $1.31 Million in Non-Dilutive Funding from The Clean Resource Innovation Network
Additional Funding for Next Phase of Heating at RF XL Commercial-Scale Pilot Additional Funding for Next Phase of Heating at RF XL Commercial-Scale Pilot
Acceleware Announces Departure of Chief Financial Officer
CALGARY, Alberta, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, today announced the pending departure of Ms. Tracy Grierson, its Chief...
Acceleware Ltd. Reports Third Quarter 2024 Financial and Operating Results
CALGARY, Alberta, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, today announced its financial and operating results for the nine months...
Acceleware Selected to Attend the Chile-Canada Mining Innovation Summit
CALGARY, Alberta, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, is very pleased to announce that it is one of 10...
Acceleware Invited to Pitch at Rice Alliance Energy Tech Venture Forum and Will Attend Houston's Inaugural Energy and Climate Startup Week
CALGARY, Alberta, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, is very pleased to announce that it is one of 50...
Acceleware Ltd. Reports Second Quarter 2024 Financial and Operating Results
CALGARY, Alberta, Aug. 17, 2024 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, today announced its financial and operating results for the six months...
Acceleware Ltd. Reports First Quarter 2024 Financial and Operating Results
CALGARY, Alberta, May 23, 2024 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial heating, today announced its financial and operating results for the three months ended...
Acceleware to Commence Next Phase of Mining Project: CTI-Powered Potash Ore Drying with Saskatchewan's International Minerals Innovation Institute
CALGARY, Alberta, April 11, 2024 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial heating, is pleased to announce that it has been awarded Phase 2 of...
Acceleware Ltd. Reports Fourth Quarter 2023 Financial and Operating Results
CALGARY, Alberta, March 21, 2024 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial heating, today announced its financial and operating results for the year ended December...
Acceleware Provides RF XL Pilot Update
CALGARY, Alberta, March 07, 2024 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial heating, provides an update regarding its commercial-scale RF XL pilot project at Marwayne,...
Source: https://incomestatements.info
Category: Stock Reports