Magnet Forensics Inc. chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 2.02
Dividend & YieldN/AC$ (N/A)
Beta N/A
Market capitalization 1.11B
Operating cash flow 16.72M
ESG Scores unknown

Company description

Magnet Forensics Inc., together with its subsidiaries, engages in the development of data analytics software used for digital forensics investigations to public sector and private enterprises in Canada, the United States, Australia, and Europe. It offers Magnet AXIOM, a digital investigations platform to recover analyze, and report on digital evidence from smartphones, cloud services, IoT devices, and third-party images; Magnet AXIOM CYBER, a digital forensics and incident response solution for businesses that need to perform remote acquisitions, and collect and analyze evidence from computers, cloud, and mobile devices; and Magnet OUTRIDER, a digital evidence triage tool used at crime scenes to scan digital media for the presence of CSAM. The company also provides Magnet AUTOMATE, an orchestration and automation tool to enable law enforcement agencies to create automated and repeatable digital evidence processing workflows; Magnet REVIEW to securely share the digital evidence via a single web-based platform; Magnet ATLAS, a workflow orchestration tool to manage cases, generate real-time reports, and track digital investigations; Magnet Digital Investigation Suite that transform digital investigations with analytics and collaborate agency-wide, securely, and at scale; and Magnet IGNITE, a cloud-based early case assessment triage tool. It serves large government agencies, corporations, and professional services firms. The company was formerly known as JADsoftware Inc. and changed its name to Magnet Forensics Inc. in August 2012. Magnet Forensics Inc. was incorporated in 2010 and is headquartered in Waterloo, Canada.

Sector: Technology - Industry: Software—Application

Financial Ratios
Quick Ratio2.58
Working Capital0.08
Return On Equity0.08
Debt To Equity0.01
Fixed Asset Ratio0.05
Fixed Interest Cover33.04

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 7.39M 9.56M 10.79M 21.77M
Total Cashflows From Investing Activities -1.32M -1.29M -1.81M -4.96M
Net Borrowings -637k 1.55M 749k -2.57M
Total Cash From Financing Activities -639k 1.45M -25.28M 84.14M
Change To Operating Activities -281k 175k -878k -2.79M
Issuance Of Stock 1k 2k 706k 94.14M
Net Income -898k 973k 10.6M 7.34M
Change In Cash 3.63M 10.36M -4.07M 96.85M
Effect Of Exchange Rate
Total Cash From Operating Activities 5.59M 10.2M 23.02M 17.68M
Depreciation 1.02M 1.44M 1.67M 1.83M
Change To Account Receivables -2.01M -2.88M -1.51M -10.37M
Other Cashflows From Financing Activities -371k -371k -371k -7.44M
Change To Netincome 213k 677k 2.09M -520k
Capital Expenditures -407k -1.23M -1.76M -850k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 9.6M 13.6M 13.78M 19.57M
Income Before Tax -1.11M 1.33M 12.54M 11.07M
Net Income -898k 973k 10.6M 7.34M
Selling General Administrative 16.84M 21.2M 22.25M 32.24M
Gross Profit 25.37M 36.52M 48.62M 65.69M
Ebit -1.08M 1.73M 12.59M 13.88M
Operating Income -1.08M 1.73M 12.59M 13.88M
Interest Expense -40k -207k -449k -420k
Income Tax Expense -215k 359k 1.94M 3.73M
Total Revenue 26.79M 38.65M 51.23M 70.29M
Cost Of Revenue 1.43M 2.14M 2.61M 4.59M
Total Other Income ExpenseNet -32k -393k -42k -2.81M
Net Income From Continuing Ops -898k 973k 10.6M 7.34M
Net Income Applicable To Common Shares -898k 973k 10.6M 7.34M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 21.67M 38.23M 54.99M 72.84M
Total Stockholder Equity 4.33M 5.29M -9.7M 89.14M
Other Current Liabilities 13.77M 18.8M 33.61M 43.14M
Total Assets 26M 43.52M 45.29M 161.98M
Common Stock 790k 1.15M 1.98M 91.07M
Other Current Assets
Retained Earnings 2.79M 3.67M -12.07M -4.73M
Treasury Stock
Cash 14.91M 25.28M 21.2M 118.06M
Total Current Liabilities 17.06M 26.27M 40.96M 55.42M
Other Stockholder Equity
Property, Plant, and Equipment 2.65M 7.68M 7.76M 6.96M
Total Current Assets 22.05M 34.76M 32.31M 142.87M
Net Tangible Assets 3.36M 4.52M -10.27M 82.5M
Net Receivables 6.51M 9.01M 10.21M 21.83M
Accounts Payable 2.66M 6.69M 5.97M 10.78M


Insider Transactions

Here are the insider transactions of stock shares related to Magnet Forensics Inc.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Williams, ScottAcquisition or disposition in the public market at price 2.32 per share.D2022-08-23Senior Officer of Issuer3k
Williams, ScottExercise of options at price 2.32 per share.D2022-08-23Senior Officer of Issuer3k
Stiles (Michael Warren)Exercise of rights at price 19.04 per share.D2022-08-23Senior Officer of Issuer273
Stiles (Michael Warren)Acquisition or disposition in the public market at price 19.04 per share.D2022-08-23Senior Officer of Issuer156
Williams, ScottAcquisition or disposition in the public market at price 2.32 per share.D2022-08-22Senior Officer of Issuer1.5k
Williams, ScottExercise of options at price 2.32 per share.D2022-08-22Senior Officer of Issuer1.5k
Williams, ScottExercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer2.12k
Williams, ScottAcquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer1.2k
Hurwitz (Joshua Harley Sean)Acquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer164
LeJeune (Jeffrey)Exercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer476
LeJeune (Jeffrey)Acquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer476
LeJeune (Jeffrey)Exercise of options at price 1.25 per share.D2022-08-11Senior Officer of Issuer11.25k
LeJeune (Jeffrey)Acquisition or disposition in the public market at price 1.25 per share.D2022-08-11Senior Officer of Issuer11.25k
Loberto (Arcangelo)Exercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer2.12k
Loberto (Arcangelo)Acquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer2.12k
MacGillivray (Geoggrey)Exercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer485
MacGillivray (Geoggrey)Acquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer485
Mclennan, Craig ArthurExercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer20.72k
Mclennan, Craig ArthurAcquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer11.69k
Mclennan, Craig ArthurExercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer2.12k
Stecho (Jody)Exercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer463
Stecho (Jody)Acquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer463
Vreeswyk (Peter)Exercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer1.09k
Vreeswyk (Peter)Acquisition or disposition in the public market at price 18.41 per share.D2022-08-11Senior Officer of Issuer1.09k
Brooks (Matt)Exercise of options at price 1.63 per share.D2022-08-11Senior Officer of Issuer1.5k
Brooks (Matt)Acquisition or disposition in the public market at price 1.63 per share.D2022-08-11Senior Officer of Issuer1.5k
Brooks (Matt)Exercise of options at price 2.22 per share.D2022-08-11Senior Officer of Issuer1.5k
Brooks (Matt)Acquisition or disposition in the public market at price 2.22 per share.D2022-08-11Senior Officer of Issuer1.5k
Hurwitz (Joshua Harley Sean)Exercise of rights at price 18.41 per share.D2022-08-11Senior Officer of Issuer289
Bolduc (Dany)Exercise of rights at price 16.74 per share.D2022-05-06Senior Officer of Issuer609
Bolduc (Dany)Acquisition or disposition in the public market at price 16.74 per share.D2022-05-06Senior Officer of Issuer2
Brooks (Matt)Exercise of rights at price 16.74 per share.D2022-05-06Senior Officer of Issuer669
Brooks (Matt)Acquisition or disposition in the public market at price 16.74 per share.D2022-05-06Senior Officer of Issuer669
Cobb (Chuck)Exercise of rights at price 16.74 per share.D2022-05-06Senior Officer of Issuer656
Cobb (Chuck)Acquisition or disposition in the public market at price 16.74 per share.D2022-05-06Senior Officer of Issuer656
Desai (Neil)Exercise of rights at price 16.74 per share.D2022-05-06Senior Officer of Issuer478
Desai (Neil)Acquisition or disposition in the public market at price 16.74 per share.D2022-05-06Senior Officer of Issuer270
Warden (Christopher)Acquisition or disposition in the public market at price 16.74 per share.D2022-05-06Senior Officer of Issuer275
Warden (Christopher)Exercise of rights at price 16.74 per share.D2022-05-06Senior Officer of Issuer473
Medaglia (Roselynn)Exercise of rights at price 16.74 per share.D2022-05-06Senior Officer of Issuer488
Medaglia (Roselynn)Acquisition or disposition in the public market at price 16.74 per share.D2022-05-06Senior Officer of Issuer275
Loberto (Arcangelo)Grant of rights at price 19.49 per share.D2022-03-14Senior Officer of Issuer24.01k
Mclennan, Craig ArthurGrant of rights at price 19.49 per share.D2022-03-14Senior Officer of Issuer24.01k
Saliba (Jad)Grant of rights at price 19.49 per share.D2022-03-1410% Security Holder of Issuer24.01k
Stecho (Jody)Exercise of options at price 2.32 per share.D2022-03-14Senior Officer of Issuer1k
Belsher (Adam)Grant of rights at price 19.49 per share.D2022-03-1410% Security Holder of Issuer32.01k
Brooks (Matt)Acquisition or disposition in the public market at price 19.64 per share.D2022-03-14Senior Officer of Issuer400
Williams, ScottGrant of rights at price 19.49 per share.D2022-03-14Senior Officer of Issuer24.01k
MacGillivray (Geoggrey)Exercise of options at price 1.63 per share.D2022-03-11Senior Officer of Issuer1.5k
MacGillivray (Geoggrey)Acquisition or disposition in the public market at price 1.63 per share.D2022-03-11Senior Officer of Issuer123
MacGillivray (Geoggrey)Exercise of options at price 1.45 per share.D2022-03-11Senior Officer of Issuer1.12k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Magnet Forensics Inc.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Magnet Forensics Inc.

Here is the result of two systematic investment strategies applied to Magnet Forensics Inc.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Magnet Forensics Inc.

The following chart shows the equity curve of the two systematic investment strategies applied to Magnet Forensics Inc.:

Magnet Forensics Inc. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -45.1% on the backtest period.

Performance at glance

Performance

-45.1 %

Latent gain

-237.4 C$

Invested capital

526.4 C$

Annualized return

-40.27 %
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Momentum strategy results on Magnet Forensics Inc.

This is the result of two momentum investment strategies applied to Magnet Forensics Inc.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Magnet Forensics Inc.

The following chart shows all the entries opened by the momentum investment system on Magnet Forensics Inc.:

Magnet Forensics Inc. momentum entries
  • The first momentum investment strategy would give -36.97% of return on Magnet Forensics Inc.. That represents -369.0C$ of latent gain with 998.0C$ of employed capital.
  • The second momentum investment strategy would give -45.75% of return on Magnet Forensics Inc.. That represents -229.38C$ of latent gain with 501.38C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-36.97 %

Latent gain

-369.0 C$

Invested capital

998.0 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-45.75 %

Latent gain

-229.38 C$

Invested capital

501.38 C$

Annualized return

-71.48 %

Momentum equity curve on Magnet Forensics Inc.

The following chart shows the equity curve of the two momentum strategies applied to Magnet Forensics Inc.:

Magnet Forensics Inc. momentum equity

Note: the dividends potentially given by Magnet Forensics Inc. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Magnet Forensics Inc.

The following chart shows the employed capital evolution of the two momentum strategies on Magnet Forensics Inc. since the beginning:

Magnet Forensics Inc.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on Magnet Forensics Inc.

Buy the dip entry openings on Magnet Forensics Inc.

Magnet Forensics Inc.

The performance achieved by the robo-advisor on Magnet Forensics Inc. is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows Magnet Forensics Inc. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Magnet Forensics Inc., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to Magnet Forensics Inc.

The following chart shows the result of the investment strategy applied to Magnet Forensics Inc.:

Magnet Forensics Inc.

Note: the dividends potentially given by Magnet Forensics Inc. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Magnet Forensics Inc.

The following chart shows the employed capital evolution since the beginning of the investment strategy on Magnet Forensics Inc.:

Magnet Forensics Inc.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Magnet Forensics Inc.

In this section, I will compare the three previous investment strategies applied to Magnet Forensics Inc..

Equity curve comparison on Magnet Forensics Inc.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Magnet Forensics Inc. investment strategy comparison

Employed capital comparison on Magnet Forensics Inc.

Magnet Forensics Inc. investment comparison

Performance comparison on Magnet Forensics Inc.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -45.1% -237.4C$ 526.4C$ -40.27%
Momentum 1 quarter -36.97% -369.0C$ 998.0C$ -42.01%
Momentum 2 quarters -45.75% -229.38C$ 501.38C$ -71.48%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

-40.27 %

Momentum 1Q

-71.48 %

Momentum 2Q

-71.48 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Magnet Forensics Inc.:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Magnet Forensics Inc. and the other stocks. There may be false positives or some missing correlated stocks. If the price of Magnet Forensics Inc. does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Magnet Forensics Inc.
Country Canada
City Waterloo
Address 2220 University Avenue East
Phone 844 638 7884
Website www.magnetforensics.com/
FullTime employees 394
Industry Software—Application
Sector Technology
Exchange XTSE
Ticker MAGT.XTSE
Market

Magnet Forensics Inc. ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown