NEOVASC INC chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.07
Dividend & YieldN/AC$ (N/A)
Beta 2.17
Market capitalization 24.17M
Operating cash flow -24.99M
ESG Scores unknown

Company description

Neovasc Inc., a specialty medical device company, develops, manufactures, and markets products for cardiovascular marketplace in Europe and internationally. Its products include the Tiara technology for the transcatheter treatment of mitral valve disease; and the Neovasc Reducer for the treatment of refractory angina. The company was formerly known as Medical Ventures Corp. and changed its name to Neovasc Inc. in July 2008. Neovasc Inc. was incorporated in 2000 and is headquartered in Richmond, Canada.

Sector: Healthcare - Industry: Medical Devices

Financial Ratios
Quick Ratio10.79
Working Capital-0.5
Return On Equity-0.48
Debt To Equity0.16
Fixed Asset Ratio0
Fixed Interest Cover-60.92

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 504.65k 3.98M -704.59k -2.02M
Total Cashflows From Investing Activities 713.75k -243.5k -341.77k -164.08k
Net Borrowings -513.14k -513.14k -8.32M -491.33k
Total Cash From Financing Activities 13.82M 20.29M 37.43M 65.88M
Change To Operating Activities 222.7k -1.68M -828.55k -1.14M
Issuance Of Stock 13.82M 20.8M 45.37M 66.4M
Net Income -107.98M -35.13M -28.7M -24.89M
Change In Cash -8.26M -3.95M 7.64M 38.6M
Effect Of Exchange Rate
Total Cash From Operating Activities -22.79M -24M -29.45M -27.11M
Depreciation 310.07k 601.25k 730.62k 634.55k
Change To Account Receivables 198.33k -133.15k 253.49k -401.96k
Other Cashflows From Financing Activities 387.89k 387.89k 387.89k -31.03k
Change To Netincome 83.74M 8.69M -22.04k 1.31M
Capital Expenditures -149.58k -203.17k -308.48k -110.99k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 16M 20.02M 20.4M 15.45M
Income Before Tax -107.88M -35.1M -29.22M -24.8M
Net Income -107.98M -35.13M -28.7M -24.89M
Selling General Administrative 16.49M 11.55M 15.99M 15.93M
Gross Profit -45.51M 1.63M -1.98M -7.08M
Ebit -78M -29.94M -38.38M -38.45M
Operating Income -78M -29.94M -38.38M -38.45M
Interest Expense -133.08k -133.08k -1.04M -631.2k
Income Tax Expense 107.09k 28.79k -524.06k 86.69k
Total Revenue 1.75M 2.09M 1.96M 2.55M
Cost Of Revenue 47.26M 458.44k 3.94M 9.62M
Total Other Income ExpenseNet -29.87M -5.16M 9.16M 13.65M
Net Income From Continuing Ops -107.98M -35.13M -28.7M -24.89M
Net Income Applicable To Common Shares -107.98M -35.13M -28.7M -24.89M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 21.66M 24.55M 15.9M 14M
Total Stockholder Equity -8.33M -14.45M 1.98M 52.23M
Other Current Liabilities 2.08M 1.41M 1.72M 278.04k
Total Assets 13.33M 10.11M 17.88M 66.22M
Common Stock 304.46M 328.46M 369.78M 439.87M
Other Current Assets 282.09k 142.66k 151.68k 136.18k
Retained Earnings -331.4M -366.53M -395.23M -420.12M
Treasury Stock -7.65M -6.14M -7.62M -7.89M
Cash 9.24M 5.29M 12.94M 51.54M
Total Current Liabilities 6.03M 14.72M 7.66M 4.98M
Other Stockholder Equity -7.65M -6.14M -7.62M -7.89M
Property, Plant, and Equipment 806.63k 1.48M 1.63M 618.94k
Total Current Assets 12.07M 8.02M 15.73M 55.22M
Net Tangible Assets -8.34M -14.45M 1.97M 52.21M
Net Receivables 647.14k 802.46k 1.08M 1.41M
Accounts Payable 898.71k 3.99M 3.71M 1.43M


Insider Transactions

Here are the insider transactions of stock shares related to NEOVASC INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Geyer (Paul)Acquisition or disposition in the public market at price 4.71 per share.D2022-10-1210% Security Holder of Issuer2.78k
Geyer (Paul)Acquisition or disposition in the public market at price 6.50 per share.D2022-10-0710% Security Holder of Issuer2.22k
Geyer (Paul)Acquisition or disposition in the public market at price 6.50 per share.D2022-09-2710% Security Holder of Issuer596
Geyer (Paul)Acquisition or disposition in the public market at price 6.30 per share.D2022-09-2210% Security Holder of Issuer2.27k
Geyer (Paul)Acquisition or disposition in the public market at price 6.45 per share.D2022-09-2210% Security Holder of Issuer997
Geyer (Paul)Acquisition or disposition in the public market at price 6.50 per share.D2022-09-1610% Security Holder of Issuer4.49k
Geyer (Paul)Acquisition or disposition in the public market at price 6.45 per share.D2022-09-1610% Security Holder of Issuer1.99k
Janzen (Doug)Acquisition or disposition in the public market at price 7.63 per share.D2022-08-19Director of Issuer10k
Becker (Lisa Ann McFadde)D2022-08-18Senior Officer of Issuer2k
Gallagher (Sarah Marie Hodgson)D2022-08-18Senior Officer of Issuer1k
Janzen (Doug)Acquisition or disposition in the public market at price 5.99 per share.D2022-07-22Director of Issuer1.65k
Janzen (Doug)Acquisition or disposition in the public market at price 5.90 per share.D2022-07-14Director of Issuer2.3k
Janzen (Doug)Acquisition or disposition in the public market at price 5.96 per share.D2022-07-13Director of Issuer2.28k
Janzen (Doug)Acquisition or disposition in the public market at price 5.94 per share.D2022-07-05Director of Issuer1.27k
Janzen (Doug)Acquisition or disposition in the public market at price 6.00 per share.D2022-06-30Director of Issuer338
Janzen (Doug)Acquisition or disposition in the public market at price 6.00 per share.D2022-06-29Director of Issuer138
Janzen (Doug)Acquisition or disposition in the public market at price 6.00 per share.D2022-06-23Director of Issuer3.78k
Clark, Christopher JohnExercise of rights at price 5.04 per share.D2022-06-22Senior Officer of Issuer227
Clark, Christopher JohnAcquisition or disposition in the public market at price 5.89 per share.D2022-06-22Senior Officer of Issuer98
Colen (Fredericus A)Exercise of rights at price 5.04 per share.D2022-06-22Senior Officer of Issuer1.4k
Colen (Fredericus A)Acquisition or disposition in the public market at price 5.89 per share.D2022-06-22Senior Officer of Issuer350
Janzen (Doug)Acquisition or disposition in the public market at price 5.84 per share.D2022-06-22Director of Issuer2.74k
Janzen (Doug)D2022-06-22Director of Issuer134
Little (William Reed)Exercise of rights at price 5.04 per share.D2022-06-22Senior Officer of Issuer27
Little (William Reed)Acquisition or disposition in the public market at price 5.89 per share.D2022-06-22Senior Officer of Issuer10
Panton (John Christopher)Acquisition or disposition in the public market at price 5.89 per share.D2022-06-22Senior Officer of Issuer92
Radow (Norman)Exercise of rights at price 5.04 per share.D2022-06-22Director of Issuer67
Panton (John Christopher)Exercise of rights at price 5.04 per share.D2022-06-22Senior Officer of Issuer214
Marko (Alexei)Exercise of rights at price 3.89 per share.D2022-06-22Director of Issuer134
Geyer (Paul)Acquisition or disposition in the public market at price 5.73 per share.D2022-06-0810% Security Holder of Issuer4.93k
Geyer (Paul)I2022-06-0810% Security Holder of Issuer432
Becker (Lisa Ann McFadde)Exercise of rights at price 5.80 per share.D2022-06-06Senior Officer of Issuer688
Becker (Lisa Ann McFadde)Acquisition or disposition in the public market at price 5.36 per share.D2022-06-06Senior Officer of Issuer237
Clark, Christopher JohnExercise of rights at price 5.80 per share.D2022-06-06Senior Officer of Issuer1.19k
Clark, Christopher JohnAcquisition or disposition in the public market at price 5.36 per share.D2022-06-06Senior Officer of Issuer628
Colen (Fredericus A)Exercise of rights at price 5.80 per share.D2022-06-06Senior Officer of Issuer2.75k
Colen (Fredericus A)Acquisition or disposition in the public market at price 5.36 per share.D2022-06-06Senior Officer of Issuer846
Gallagher (Sarah Marie Hodgson)Exercise of rights at price 5.80 per share.D2022-06-06Senior Officer of Issuer688
Gallagher (Sarah Marie Hodgson)Acquisition or disposition in the public market at price 5.36 per share.D2022-06-06Senior Officer of Issuer230
Janzen (Doug)D2022-06-06Director of Issuer188
Little (William Reed)Exercise of rights at price 5.80 per share.D2022-06-06Senior Officer of Issuer1.19k
Little (William Reed)Acquisition or disposition in the public market at price 5.36 per share.D2022-06-06Senior Officer of Issuer516
Radow (Norman)Exercise of rights at price 5.80 per share.D2022-06-06Director of Issuer188
Panton (John Christopher)Acquisition or disposition in the public market at price 5.36 per share.D2022-06-06Senior Officer of Issuer364
Panton (John Christopher)Exercise of rights at price 5.80 per share.D2022-06-06Senior Officer of Issuer688
Marko (Alexei)Exercise of rights at price 5.80 per share.D2022-06-06Director of Issuer188
Panton (John Christopher)D2022-04-29Senior Officer of Issuer29.86k
Radow (Norman)D2022-04-29Director of Issuer59.95k
Little (William Reed)D2022-04-29Senior Officer of Issuer144k
Clark, Christopher JohnD2022-04-29Senior Officer of Issuer77.1k
Colen (Fredericus A)D2022-04-29Senior Officer of Issuer303.94k

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 NEOVASC 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 NEOVASC INC

Here is the result of two systematic investment strategies applied to NEOVASC 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 NEOVASC INC

The following chart shows the equity curve of the two systematic investment strategies applied to NEOVASC INC:

NEOVASC INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 406.1% on the backtest period.

Performance at glance

Performance

406.1 %

Latent gain

7112.42 C$

Invested capital

1751.38 C$

Annualized return

97.62 %
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Momentum strategy results on NEOVASC INC

This is the result of two momentum investment strategies applied to NEOVASC 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 NEOVASC INC

The following chart shows all the entries opened by the momentum investment system on NEOVASC INC:

NEOVASC INC momentum entries
  • The first momentum investment strategy would give 470.34% of return on NEOVASC INC. That represents 24704.82C$ of latent gain with 5252.58C$ of employed capital.
  • The second momentum investment strategy would give 321.96% of return on NEOVASC INC. That represents 9679.6C$ of latent gain with 3006.48C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

470.34 %

Latent gain

24704.82 C$

Invested capital

5252.58 C$

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

321.96 %

Latent gain

9679.6 C$

Invested capital

3006.48 C$

Annualized return

87.49 %

Momentum equity curve on NEOVASC INC

The following chart shows the equity curve of the two momentum strategies applied to NEOVASC INC:

NEOVASC INC momentum equity

Note: the dividends potentially given by NEOVASC 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 NEOVASC INC

The following chart shows the employed capital evolution of the two momentum strategies on NEOVASC INC since the beginning:

NEOVASC 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 NEOVASC INC

Buy the dip entry openings on NEOVASC INC

NEOVASC INC

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

Note: The blue line represents the weekly stock price of NEOVASC 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 NEOVASC INC

The following chart shows the result of the investment strategy applied to NEOVASC INC:

NEOVASC INC

Note: the dividends potentially given by NEOVASC 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 NEOVASC INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on NEOVASC INC:

NEOVASC 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 NEOVASC INC

In this section, I will compare the three previous investment strategies applied to NEOVASC INC.

Equity curve comparison on NEOVASC INC

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

NEOVASC INC investment strategy comparison

Employed capital comparison on NEOVASC INC

NEOVASC INC investment comparison

Performance comparison on NEOVASC INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 406.1% 7112.42C$ 1751.38C$ 97.62%
Momentum 1 quarter 470.34% 24704.82C$ 5252.58C$ 119.98%
Momentum 2 quarters 321.96% 9679.6C$ 3006.48C$ 87.49%
Non-directional 0% 0.0C$ 0.0C$ 0.0%
Annualized return comparison

Automatic investment

97.62 %

Momentum 1Q

87.49 %

Momentum 2Q

87.49 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with NEOVASC INC:

Positive correlations

Most correlated stocks this year

  • NEOVASC INC

  • Most correlated stocks last 3 months

  • NEOVASC INC
  • GLOBAL X MSCI CHINA MATERIALS ETF

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


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


    Company information

    Company name NEOVASC INC
    Country Canada
    City Richmond
    Address 13562 Maycrest Way
    Phone
    Website www.neovasc.com
    FullTime employees 49
    Industry Medical Devices
    Sector Healthcare
    Exchange XTSE
    Ticker NVCN.XTSE
    Market

    NEOVASC 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