Burcon NutraScience Corporation specializes in developing and commercializing plant-derived proteins and functional ingredients. The company faces significant financial challenges, evidenced by extremely negative gross, EBITDA, and net margins, indicating ongoing losses. Additionally, a low current ratio of 0.21 suggests liquidity issues, raising concerns about its ability to meet short-term obligations. While the market cap is relatively small at $16.75M, the lack of profitability and weak financial health may deter potential investors despite the growing interest in plant-based products.
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Company has $866K in cash but burned $2.2M last quarter. At this burn rate, only 0.4 quarters of runway remain without additional financing.
Company posted a loss of $-14.5M over the last year, representing 454.7% of revenue.
Debt of $25.7M is 29.6x the company's cash position of $866K.
Operating cash flow has been negative for 3 consecutive quarters, burning $8.9M over the last year.
Exceptional revenue growth of 556.9% YoY demonstrates strong market demand and competitive positioning.
Gross margin expanded by 182.1 percentage points, indicating improved pricing power or cost efficiency.
Operating margin expanded by 1349.6pp, demonstrating strong operational leverage.
Both gross margin (+182.1pp) and operating margin (+1349.6pp) are expanding simultaneously, indicating the company is scaling profitably.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2027-Q1 (June 30, 2026)