ICEsoft Technologies Canada Corp. specializes in community alerting and enterprise middleware solutions for desktop and mobile platforms. While the company boasts a strong gross margin of 71.8%, it faces significant concerns with a net margin of -11.4% and a low current ratio of 0.11, indicating liquidity issues. The recent 20% price increase may reflect market optimism, but the overall financial health score of 27/100 suggests underlying weaknesses. The high gross margin juxtaposed with low profitability raises questions about sustainable growth and operational efficiency.
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Company posted a loss of $-670K over the last year, representing 32.6% of revenue.
Debt of $1.7M is 8.9x the company's cash position of $187K.
Gross profit margin decreased from 78.9% to 70.7% compared to last year.
Exceptional gross margin of 70.7% indicates strong pricing power and competitive moat.
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Based on 2026-Q2 (June 30, 2026)