{
  "ticker": {
    "uuid": "aef8a652-c227-4ef6-bc85-7db8a9fa4610",
    "symbol": "CRDL",
    "name": "Cardiol Therapeutics Inc.",
    "exchange": "TOR",
    "exchange_name": "Toronto Stock Exchange",
    "country": "CA",
    "currency": "CAD",
    "sector": "Healthcare",
    "industry": "Drug Manufacturers - Specialty & Generic",
    "page_url": "https://sharemaestro.com/factors/ticker/aef8a652-c227-4ef6-bc85-7db8a9fa4610/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/aef8a652-c227-4ef6-bc85-7db8a9fa4610/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "aef8a652-c227-4ef6-bc85-7db8a9fa4610",
      "symbol": "CRDL",
      "name": "Cardiol Therapeutics Inc.",
      "exchange": "TOR",
      "exchange_name": "Toronto Stock Exchange",
      "country": "CA",
      "currency": "CAD",
      "sector": "Healthcare",
      "industry": "Drug Manufacturers - Specialty & Generic",
      "page_url": "https://sharemaestro.com/factors/ticker/aef8a652-c227-4ef6-bc85-7db8a9fa4610/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/aef8a652-c227-4ef6-bc85-7db8a9fa4610/"
    },
    "week_end_date": "2026-07-19",
    "universe": "CAD_CA",
    "score": {
      "os": 0.76,
      "value": 0.6,
      "quality": 0.62,
      "momentum": 0.63,
      "coverage": 0.576,
      "confidence": 0.558,
      "delta": 0
    },
    "headline_factors": {
      "price": 1.69,
      "market_cap": 194810085.6,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": -0.0823,
      "roe": -1.5019,
      "piotroski_f_score": 2,
      "momentum_12_1": -0.0652,
      "volatility_252d": 0.7048
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": true
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": null,
        "ev_ebitda": null,
        "earnings_yield": null,
        "fcf_yield": -0.1452,
        "shareholder_yield": -0.0823
      },
      "quality": {
        "roe": -1.5019,
        "roic": null,
        "gross_margin": null,
        "fcf_margin": null,
        "piotroski_f_score": 2
      },
      "growth": {
        "revenue_growth_1y": null,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 0.0497,
        "momentum_12_1": -0.0652,
        "relative_strength": -0.2414
      },
      "scores": {
        "value_percentile": 0.6,
        "quality_percentile": 0.62,
        "momentum_percentile": 0.63,
        "growth_composite": 37,
        "yield_composite": 36,
        "overall_composite": 24,
        "os_score": 0.76,
        "factor_coverage": 0.576,
        "signal_confidence": 0.558
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 1.57,
      "os": 0.36,
      "value": 0.42,
      "quality": 0.43,
      "momentum": 0.43,
      "confidence": 0.576,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0886,
      "roe": -1.5019,
      "momentum_12_1": -0.0625
    },
    {
      "week_end_date": "2026-06-14",
      "price": 1.46,
      "os": 0.33,
      "value": 0.41,
      "quality": 0.42,
      "momentum": 0.42,
      "confidence": 0.576,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0953,
      "roe": -1.5019,
      "momentum_12_1": -0.0859
    },
    {
      "week_end_date": "2026-06-21",
      "price": 1.5,
      "os": 0.47,
      "value": 0.47,
      "quality": 0.48,
      "momentum": 0.5,
      "confidence": 0.576,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0924,
      "roe": -1.5019,
      "momentum_12_1": 0.0706
    },
    {
      "week_end_date": "2026-06-28",
      "price": 1.51,
      "os": 0.58,
      "value": 0.52,
      "quality": 0.55,
      "momentum": 0.55,
      "confidence": 0.576,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0921,
      "roe": -1.5019,
      "momentum_12_1": -0.1221
    },
    {
      "week_end_date": "2026-07-05",
      "price": 1.53,
      "os": 0.53,
      "value": 0.5,
      "quality": 0.52,
      "momentum": 0.52,
      "confidence": 0.571,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0909,
      "roe": -1.5019,
      "momentum_12_1": -0.2415
    },
    {
      "week_end_date": "2026-07-12",
      "price": 1.44,
      "os": 0.76,
      "value": 0.6,
      "quality": 0.62,
      "momentum": 0.63,
      "confidence": 0.564,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0966,
      "roe": -1.5019,
      "momentum_12_1": -0.1889
    },
    {
      "week_end_date": "2026-07-19",
      "price": 1.69,
      "os": 0.76,
      "value": 0.6,
      "quality": 0.62,
      "momentum": 0.63,
      "confidence": 0.558,
      "coverage": 0.576,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0823,
      "roe": -1.5019,
      "momentum_12_1": -0.0652
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -34316296,
          "ebitda": -34214313,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -33818874,
          "net_income_to_common": -33818874,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -23854650,
          "capital_expenditure": -24484,
          "free_cash_flow": -23879134,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 16037974,
          "net_debt_issued": -55376
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -34316296,
          "ebitda": -34214313,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -33818874,
          "net_income_to_common": -33818874,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -23854650,
          "capital_expenditure": -24484,
          "free_cash_flow": -23879134,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 16037974,
          "net_debt_issued": -55376
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -34316296,
          "ebitda": -34214313,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -33818874,
          "net_income_to_common": -33818874,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -23854650,
          "capital_expenditure": -24484,
          "free_cash_flow": -23879134,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 16037974,
          "net_debt_issued": -55376
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -34316296,
          "ebitda": -34214313,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -33818874,
          "net_income_to_common": -33818874,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -23854650,
          "capital_expenditure": -24484,
          "free_cash_flow": -23879134,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 16037974,
          "net_debt_issued": -55376
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -34316296,
          "ebitda": -34214313,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -33818874,
          "net_income_to_common": -33818874,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -23854650,
          "capital_expenditure": -24484,
          "free_cash_flow": -23879134,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 16037974,
          "net_debt_issued": -55376
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -34316296,
          "ebitda": -34214313,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -33818874,
          "net_income_to_common": -33818874,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -23854650,
          "capital_expenditure": -24484,
          "free_cash_flow": -23879134,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 16037974,
          "net_debt_issued": -55376
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -40276651,
          "ebitda": -39903537,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -36677299,
          "net_income_to_common": -36677299,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 30580029,
          "total_current_assets": 31668159,
          "total_assets": 31863751,
          "short_term_debt": 33009,
          "long_term_debt": 125523,
          "total_debt": 158532,
          "total_liabilities": null,
          "total_equity": 24728483,
          "shares_outstanding": 82608992,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -25060867,
          "capital_expenditure": -21290,
          "free_cash_flow": -25082157,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 21355588,
          "net_debt_issued": -41532
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -40276651,
          "ebitda": -39903537,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -36677299,
          "net_income_to_common": -36677299,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 30580029,
          "total_current_assets": 31668159,
          "total_assets": 31863751,
          "short_term_debt": 33009,
          "long_term_debt": 125523,
          "total_debt": 158532,
          "total_liabilities": null,
          "total_equity": 24728483,
          "shares_outstanding": 82608992,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -25060867,
          "capital_expenditure": -21290,
          "free_cash_flow": -25082157,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 21355588,
          "net_debt_issued": -41532
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -9706794,
          "ebitda": -9680085,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -10818589,
          "net_income_to_common": -10818589,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 27673191,
          "total_current_assets": 31267638,
          "total_assets": 31406607,
          "short_term_debt": 39792,
          "long_term_debt": 76616,
          "total_debt": 116408,
          "total_liabilities": null,
          "total_equity": 24203305,
          "shares_outstanding": 111872084,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -7517631,
          "capital_expenditure": -47585,
          "free_cash_flow": -7565216,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14850001,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -9706794,
          "ebitda": -9680085,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -10818589,
          "net_income_to_common": -10818589,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 27673191,
          "total_current_assets": 31267638,
          "total_assets": 31406607,
          "short_term_debt": 39792,
          "long_term_debt": 76616,
          "total_debt": 116408,
          "total_liabilities": null,
          "total_equity": 24203305,
          "shares_outstanding": 111872084,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -7517631,
          "capital_expenditure": -47585,
          "free_cash_flow": -7565216,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14850001,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -9706794,
          "ebitda": -9680085,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -10818589,
          "net_income_to_common": -10818589,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 27673191,
          "total_current_assets": 31267638,
          "total_assets": 31406607,
          "short_term_debt": 39792,
          "long_term_debt": 76616,
          "total_debt": 116408,
          "total_liabilities": null,
          "total_equity": 24203305,
          "shares_outstanding": 111872084,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -7517631,
          "capital_expenditure": -47585,
          "free_cash_flow": -7565216,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14850001,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -9706794,
          "ebitda": -9680085,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -10818589,
          "net_income_to_common": -10818589,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 27673191,
          "total_current_assets": 31267638,
          "total_assets": 31406607,
          "short_term_debt": 39792,
          "long_term_debt": 76616,
          "total_debt": 116408,
          "total_liabilities": null,
          "total_equity": 24203305,
          "shares_outstanding": 111872084,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -7517631,
          "capital_expenditure": -47585,
          "free_cash_flow": -7565216,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14850001,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -9706794,
          "ebitda": -9680085,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -10818589,
          "net_income_to_common": -10818589,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 27673191,
          "total_current_assets": 31267638,
          "total_assets": 31406607,
          "short_term_debt": 39792,
          "long_term_debt": 76616,
          "total_debt": 116408,
          "total_liabilities": null,
          "total_equity": 24203305,
          "shares_outstanding": 111872084,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -7517631,
          "capital_expenditure": -47585,
          "free_cash_flow": -7565216,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14850001,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -9706794,
          "ebitda": -9680085,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -10818589,
          "net_income_to_common": -10818589,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 27673191,
          "total_current_assets": 31267638,
          "total_assets": 31406607,
          "short_term_debt": 39792,
          "long_term_debt": 76616,
          "total_debt": 116408,
          "total_liabilities": null,
          "total_equity": 24203305,
          "shares_outstanding": 111872084,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -7517631,
          "capital_expenditure": -47585,
          "free_cash_flow": -7565216,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14850001,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -8030975,
          "ebitda": -8004999,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -7212569,
          "net_income_to_common": -7212569,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -5225298,
          "capital_expenditure": -3088,
          "free_cash_flow": -5228386,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -8030975,
          "ebitda": -8004999,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -7212569,
          "net_income_to_common": -7212569,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -5225298,
          "capital_expenditure": -3088,
          "free_cash_flow": -5228386,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -8030975,
          "ebitda": -8004999,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -7212569,
          "net_income_to_common": -7212569,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -5225298,
          "capital_expenditure": -3088,
          "free_cash_flow": -5228386,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -8030975,
          "ebitda": -8004999,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -7212569,
          "net_income_to_common": -7212569,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -5225298,
          "capital_expenditure": -3088,
          "free_cash_flow": -5228386,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -8030975,
          "ebitda": -8004999,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -7212569,
          "net_income_to_common": -7212569,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -5225298,
          "capital_expenditure": -3088,
          "free_cash_flow": -5228386,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": -13844
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -8030975,
          "ebitda": -8004999,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -7212569,
          "net_income_to_common": -7212569,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 21416684,
          "total_current_assets": 23501840,
          "total_assets": 23619933,
          "short_term_debt": 38347,
          "long_term_debt": 87176,
          "total_debt": 125523,
          "total_liabilities": null,
          "total_equity": 17877718,
          "shares_outstanding": 100257009,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -5225298,
          "capital_expenditure": -3088,
          "free_cash_flow": -5228386,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": -13844
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "os_composite",
      "name": "OS Composite Score",
      "slug": "composite",
      "group": "multi_factor",
      "page_url": "/factors/composite/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Risk-Adjusted Momentum",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 7,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-19",
    "latest_financials_period_end": "2025-12-31"
  },
  "schema": {
    "public_fields_only": true
  }
}