INNOVOTECH INC. chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 0.04
Dividend & YieldN/AC$ (N/A)
Beta 1.3
Market capitalization 5.84M
Operating cash flow 25.04k
ESG Scores unknown

Company description

Innovotech Inc. provides solutions to medical, agricultural, and industrial problems caused by microbial biofilms in Canada, the United States, and internationally. The company offers InnovoSIL, an antimicrobial agents for coating onto or incorporation into medical devices; MBEC Assay, a screening assay used to determine the efficacy of antimicrobials against biofilms of various microorganisms; and AgreGuard, an antimicrobial for crop protection. It also provides implant medical devices; antibiotic, antimicrobial, and biocide resistance; biofilm eradication surface and MBEC Assay testing; and analytical services. The company serves customers in the areas of biofilm issues, including catheter and implant medical devices, antibiotic drug development, wound healing, paint and specialized coatings, water system antimicrobial agents, dental treatments and water line antimicrobial agents, and bacterial and fungal agricultural crop diseases, as well as disinfectants in food safety, transportation, and healthcare. Innovotech Inc. was incorporated in 2001 is headquartered in Edmonton, Canada.

Sector: Healthcare - Industry: Biotechnology

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -161.9k -2.06k 80.67k -23.66k
Total Cashflows From Investing Activities -9.32k -2.44k -37.69k -60.14k
Net Borrowings -5k -70k -70k -72.63k
Total Cash From Financing Activities -5.65k -6k 305.92k -72.63k
Change To Operating Activities 50.89k 1.21k -34.72k -88.33k
Issuance Of Stock 387.8k 387.8k 387.8k
Net Income -127.63k -48.76k 106.32k 367.13k
Change In Cash -295.71k 67.86k 433.47k -107.72k
Effect Of Exchange Rate
Total Cash From Operating Activities -280.75k 76.3k 175.24k 25.04k
Depreciation 15.37k 13.29k 17.94k 70.89k
Change To Account Receivables -59.99k 46.64k -42.36k -236.71k
Other Cashflows From Financing Activities -650 -6k -11.88k
Change To Netincome -8.06k 59.38k 64.74k -43.39k
Capital Expenditures -9.32k -2.44k -37.69k -60.14k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 35.83k 23.42k 47.96k 34.89k
Income Before Tax -127.63k -48.76k 106.32k 367.13k
Net Income -127.63k -48.76k 106.32k 367.13k
Selling General Administrative 697.48k 718.17k 760.54k 815.77k
Gross Profit 606.32k 695.11k 866.87k 1.12M
Ebit -126.99k -42.76k 61.78k 267.95k
Operating Income -126.99k -42.76k 61.78k 267.95k
Interest Expense -650 -6k -3k -4.38k
Income Tax Expense
Total Revenue 826.93k 986.23k 1.19M 1.48M
Cost Of Revenue 220.61k 291.11k 326.51k 363.15k
Total Other Income ExpenseNet -647 -6k 44.53k 99.18k
Net Income From Continuing Ops -127.63k -48.76k 106.32k 367.13k
Net Income Applicable To Common Shares -127.63k -48.76k 106.32k 367.13k

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 178.86k 176.79k 177.46k 256.04k
Total Stockholder Equity 93.47k 98.09k 644.98k 1.18M
Other Current Liabilities 2.82k 45.68k 28.57k
Total Assets 272.33k 274.88k 822.44k 1.43M
Common Stock 7.34M 7.34M 7.58M 7.7M
Other Current Assets
Retained Earnings -8.68M -8.73M -8.62M -8.26M
Treasury Stock 159.54k 159.54k
Cash 28.81k 96.67k 530.14k 422.42k
Total Current Liabilities 178.86k 76.8k 157.46k 219.01k
Other Stockholder Equity 159.54k 159.54k
Property, Plant, and Equipment 60.91k 50.06k 69.72k 229.44k
Total Current Assets 211.43k 224.82k 752.73k 993.53k
Net Tangible Assets 93.47k 98.09k 644.98k 1.18M
Net Receivables 147.79k 101.16k 143.51k 382.82k
Accounts Payable 65.34k 73.35k 83.68k 104.24k


Insider Transactions

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

Filer Name Transaction Text Ownership Date Filer Relation Shares
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.16 per share.I2022-01-2510% Security Holder of Issuer1.5k
Grobbelaar (Bernard)Acquisition or disposition in the public market at price 0.17 per share.D2022-01-25Director of Issuer30k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.15 per share.I2022-01-2510% Security Holder of Issuer2k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.16 per share.I2022-01-2110% Security Holder of Issuer5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.15 per share.I2021-12-0310% Security Holder of Issuer2.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.15 per share.I2021-11-2510% Security Holder of Issuer500
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.15 per share.I2021-11-1810% Security Holder of Issuer3k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.15 per share.I2021-11-1810% Security Holder of Issuer3k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.15 per share.I2021-11-1710% Security Holder of Issuer5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.14 per share.I2021-10-0110% Security Holder of Issuer5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-09-0810% Security Holder of Issuer8.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-09-0710% Security Holder of Issuer1.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-08-2710% Security Holder of Issuer10k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-08-2610% Security Holder of Issuer4.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-07-3010% Security Holder of Issuer500
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-07-2910% Security Holder of Issuer17.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-2910% Security Holder of Issuer3k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-2910% Security Holder of Issuer7k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-2910% Security Holder of Issuer15k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-07-2810% Security Holder of Issuer12.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-07-2210% Security Holder of Issuer6k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-07-2010% Security Holder of Issuer10k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-1910% Security Holder of Issuer3k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-07-1910% Security Holder of Issuer21.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-1410% Security Holder of Issuer2k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-1210% Security Holder of Issuer2k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-07-0610% Security Holder of Issuer7.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-06-2410% Security Holder of Issuer5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-06-1810% Security Holder of Issuer1k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.11 per share.I2021-06-1610% Security Holder of Issuer50k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-06-1610% Security Holder of Issuer3k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-06-0910% Security Holder of Issuer46.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.12 per share.I2021-05-2810% Security Holder of Issuer2.5k
Savage (Alan Clyde Hayes)Acquisition or disposition in the public market at price 0.13 per share.I2021-05-2610% Security Holder of Issuer60k

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 INNOVOTECH 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 INNOVOTECH INC.

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

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

INNOVOTECH INC. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 106.75% on the backtest period.

Performance at glance

Performance

106.75 %

Latent gain

2402.09 C$

Invested capital

2250.11 C$

Annualized return

23.83 %
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Automated Trading using Prorealtime ebook

Momentum strategy results on INNOVOTECH INC.

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

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

INNOVOTECH INC. momentum entries
  • The first momentum investment strategy would give 248.04% of return on INNOVOTECH INC.. That represents 17363.56C$ of latent gain with 7000.24C$ of employed capital.
  • The second momentum investment strategy would give 202.35% of return on INNOVOTECH INC.. That represents 11635.24C$ of latent gain with 5750.16C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

248.04 %

Latent gain

17363.56 C$

Invested capital

7000.24 C$

Annualized return

83.75 %
Performance at glance (2Q Momentum)

Performance

202.35 %

Latent gain

11635.24 C$

Invested capital

5750.16 C$

Annualized return

50.59 %

Momentum equity curve on INNOVOTECH INC.

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

INNOVOTECH INC. momentum equity

Note: the dividends potentially given by INNOVOTECH 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 INNOVOTECH INC.

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

INNOVOTECH 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 INNOVOTECH INC.

Buy the dip entry openings on INNOVOTECH INC.

INNOVOTECH INC.

The performance achieved by the robo-advisor on INNOVOTECH INC. is 207.69%. That represents 1038.42$ of latent gain with 499.98C$ of employed capital. The following chart shows INNOVOTECH INC. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of INNOVOTECH 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

207.69 %

Latent gain

1038.42 C$

Invested capital

499.98 C$

Annualized return

83.75 %

Equity curve of the strategy applied to INNOVOTECH INC.

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

INNOVOTECH INC.

Note: the dividends potentially given by INNOVOTECH 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 INNOVOTECH INC.

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

INNOVOTECH 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 INNOVOTECH INC.

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

Equity curve comparison on INNOVOTECH INC.

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

INNOVOTECH INC. investment strategy comparison

Employed capital comparison on INNOVOTECH INC.

INNOVOTECH INC. investment comparison

Performance comparison on INNOVOTECH INC.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 106.75% 2402.09C$ 2250.11C$ 23.83%
Momentum 1 quarter 248.04% 17363.56C$ 7000.24C$ 58.5%
Momentum 2 quarters 202.35% 11635.24C$ 5750.16C$ 50.59%
Non-directional 207.69% 1038.42C$ 499.98C$ 83.75%
Annualized return comparison

Automatic investment

23.83 %

Momentum 1Q

50.59 %

Momentum 2Q

50.59 %

Non-directional

83.75 %

Correlated stocks

Here are the most positively and negatively correlated stocks with INNOVOTECH 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 INNOVOTECH INC. and the other stocks. There may be false positives or some missing correlated stocks. If the price of INNOVOTECH INC. does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name INNOVOTECH INC.
Country Canada
City Edmonton
Address 2011-94 Street
Phone
Website www.innovotech.ca
FullTime employees
Industry Biotechnology
Sector Healthcare
Exchange XTSX
Ticker IOT.XTSX
Market www.tsx.com

INNOVOTECH 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