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TSX/FORA (TSX/FORA)

Toronto Stock Exchange: TSX/FORA · CAD

CA$2.65

-0.08 (-2.9%)· Recorded snapshot

Market cap	57.9M
Revenue (ttm)	78.7M
Net income (ttm)	-11M
EPS (ttm)	-CA$0.51
Shares out	21.8M
Volume	22,598
Beta	0.13

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 78.7M
Net income (ttm): -11M
EPS (ttm): -CA$0.51
Market cap: 57.9M

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-11-06
Employees	154
Employees change	-40
Employees growth	-20.62%
Enterprise value	CAD 94.8M
Exchange	Toronto Stock Exchange
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1999
Industry	Internet Content & Information
Is primary listing	Yes
ISIN number	CA92537Y1043
Last earnings date	2026-08-13
Last refreshed	2026-10-28
Market cap	CAD 57.9M
Next earnings date	2026-11-06
Price	CAD 2.65
Price currency	CAD
Sector	Communication Services
SIC code	7370
Stock price date	2026-10-28
Symbol	tsx/FORA
Website	https://www.verticalscope.com

Metric

Value

Amount currency

CAD

Country

Canada

Country code

Earnings date

2026-11-06

Employees

154

Employees change

-40

Employees growth

-20.62%

Enterprise value

CAD 94.8M

Exchange

Toronto Stock Exchange

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1999

Industry

Internet Content & Information

Is primary listing

Yes

ISIN number

CA92537Y1043

Last earnings date

2026-08-13

Last refreshed

2026-10-28

Market cap

CAD 57.9M

Next earnings date

2026-11-06

Price

CAD 2.65

Price currency

CAD

Sector

Communication Services

SIC code

7370

Stock price date

2026-10-28

Symbol

tsx/FORA

Website

https://www.verticalscope.com

Metric	Value
Earnings yield	-19.26%
EV/EBITDA	94.69x
EV/FCF	5.85x
EV/Sales	1.23x
FCF / EV yield	17.11%
FCF yield	27.71%
P/(FCF - SBC) ratio	4.51x
P/(OCF - SBC) ratio	3.9x
P/B ratio	0.58x
P/FCF ratio	3.61x
P/OCF ratio	3.21x
P/S ratio	0.76x
Price/EBITDA ratio	58.45x
Sector forward P/E	11.5x
Sector P/E	16.12x

Metric

Value

Earnings yield

-19.26%

EV/EBITDA

94.69x

EV/FCF

5.85x

EV/Sales

1.23x

FCF / EV yield

17.11%

FCF yield

27.71%

P/(FCF - SBC) ratio

4.51x

P/(OCF - SBC) ratio

3.9x

P/B ratio

0.58x

P/FCF ratio

3.61x

P/OCF ratio

3.21x

P/S ratio

0.76x

Price/EBITDA ratio

58.45x

Sector forward P/E

11.5x

Sector P/E

16.12x

Metric	Value
EBIT margin	-7.42%
EBITDA margin	1.3%
FCF margin	21.23%
Gross margin	54.11%
Operating margin	-7.42%
Pretax margin	-13.71%
Profit margin	-14.01%
Profit per employee	CAD -71,628
Revenue per employee	CAD 511,099
ROA	-2.01%
ROA (5Y)	-1.53%
ROCE	-3.94%
ROE	-10.37%
ROE (5Y)	-15.49%
ROIC	-4.18%
ROIC (5Y)	-4.53%
SBC / revenue	4.2%
Tax / revenue	0.31%

Metric

Value

EBIT margin

-7.42%

EBITDA margin

1.3%

FCF margin

21.23%

Gross margin

54.11%

Operating margin

-7.42%

Pretax margin

-13.71%

Profit margin

-14.01%

Profit per employee

CAD -71,628

Revenue per employee

CAD 511,099

ROA

-2.01%

ROA (5Y)

-1.53%

ROCE

-3.94%

ROE

-10.37%

ROE (5Y)

-15.49%

ROIC

-4.18%

ROIC (5Y)

-4.53%

SBC / revenue

4.2%

Tax / revenue

0.31%

Metric	Value
EPS growth quarters	1
EPS growth years	0
FCF growth	-43.28%
FCF growth 3Y	-19.5%
FCF growth 5Y	-8.13%
Gross profit growth	-19.15%
Gross profit growth (Q)	-0.41%
Gross profit growth 3Y	-4.65%
Gross profit growth 5Y	-6.17%
Net income growth quarters	1
Net income growth years	0
OCF growth	-41.3%
OCF growth (Q)	-93.91%
OCF growth (QoQ)	-88.94%
OCF growth 3Y	-8.4%
OCF growth 5Y	-9.72%
Revenue growth	-15.7%
Revenue growth (Q)	-4.93%
Revenue growth (QoQ)	19.58%
Revenue growth 3Y	-5.75%
Revenue growth 5Y	-2.8%
Revenue growth years	0

Metric

Value

EPS growth quarters

EPS growth years

FCF growth

-43.28%

FCF growth 3Y

-19.5%

FCF growth 5Y

-8.13%

Gross profit growth

-19.15%

Gross profit growth (Q)

-0.41%

Gross profit growth 3Y

-4.65%

Gross profit growth 5Y

-6.17%

Net income growth quarters

Net income growth years

OCF growth

-41.3%

OCF growth (Q)

-93.91%

OCF growth (QoQ)

-88.94%

OCF growth 3Y

-8.4%

OCF growth 5Y

-9.72%

Revenue growth

-15.7%

Revenue growth (Q)

-4.93%

Revenue growth (QoQ)

19.58%

Revenue growth 3Y

-5.75%

Revenue growth 5Y

-2.8%

Revenue growth years

Metric	Value
Capital expenditures	CAD -2.1M
Depreciation and amortization	CAD 6.8M
EBIT	CAD -5.8M
EBITDA	CAD 1M
EPS	CAD -0.51
FCF per share	CAD 0.76
Financing cash flow	CAD -17.6M
Free cash flow	CAD 16.5M
Free cash flow minus SBC	CAD 13.2M
Gross profit	CAD 42.6M
Income taxes	CAD 243,155
Investing cash flow	CAD -2.2M
Net borrowing	CAD -17.1M
Net cash flow	CAD -1.2M
Net income	CAD -11M
Operating cash flow minus SBC	CAD 15.3M
Operating income	CAD -5.8M
Revenue	CAD 78.7M
Stock-based compensation	CAD 3.3M

Metric

Value

Capital expenditures

CAD -2.1M

Depreciation and amortization

CAD 6.8M

EBIT

CAD -5.8M

EBITDA

CAD 1M

EPS

CAD -0.51

FCF per share

CAD 0.76

Financing cash flow

CAD -17.6M

Free cash flow

CAD 16.5M

Free cash flow minus SBC

CAD 13.2M

Gross profit

CAD 42.6M

Income taxes

CAD 243,155

Investing cash flow

CAD -2.2M

Net borrowing

CAD -17.1M

Net cash flow

CAD -1.2M

Net income

CAD -11M

Operating cash flow minus SBC

CAD 15.3M

Operating income

CAD -5.8M

Revenue

CAD 78.7M

Stock-based compensation

CAD 3.3M

Metric	Value
Altman Z-Score	-0.23
Book value per share	CAD 4.70
Debt / EBITDA	46.36
Debt / equity	0.46
Debt / FCF	2.86
Goodwill	CAD 77.1M
Interest coverage	-1.38
Long-term assets	CAD 132.9M
Long-term liabilities	CAD 46.2M
Net cash (debt)	CAD -37M
Net cash / market cap	-62.01%
Net debt / EBITDA	36.24
Net debt / equity	0.36
Net debt / FCF	2.24
Piotroski F-Score	3
Property, plant and equipment	CAD 941,001
Shareholders' equity	CAD 102.5M
Tangible book value	CAD -764,889
Tangible book value per share	CAD -0.04
Total assets	CAD 172.9M
Total cash	CAD 10.3M
Total debt	CAD 47.3M
Total liabilities	CAD 70.4M
WACC	5.9%

Metric

Value

Altman Z-Score

-0.23

Book value per share

CAD 4.70

Debt / EBITDA

46.36

Debt / equity

0.46

Debt / FCF

2.86

Goodwill

CAD 77.1M

Interest coverage

-1.38

Long-term assets

CAD 132.9M

Long-term liabilities

CAD 46.2M

Net cash (debt)

CAD -37M

Net cash / market cap

-62.01%

Net debt / EBITDA

36.24

Net debt / equity

0.36

Net debt / FCF

2.24

Piotroski F-Score

Property, plant and equipment

CAD 941,001

Shareholders' equity

CAD 102.5M

Tangible book value

CAD -764,889

Tangible book value per share

CAD -0.04

Total assets

CAD 172.9M

Total cash

CAD 10.3M

Total debt

CAD 47.3M

Total liabilities

CAD 70.4M

WACC

5.9%

Metric	Value
Asset turnover	0.43
Current assets	CAD 40M
Current liabilities	CAD 24.2M
Current ratio	1.65
Net working capital	CAD 7.1M
Quick ratio	1.59
Working capital	CAD 16M
Working capital turnover	7.39

Metric

Value

Asset turnover

0.43

Current assets

CAD 40M

Current liabilities

CAD 24.2M

Current ratio

1.65

Net working capital

CAD 7.1M

Quick ratio

1.59

Working capital

CAD 16M

Working capital turnover

7.39

Metric	Value
Buyback yield / dilution	-0.22%
Shareholder yield	-0.22%

Metric

Value

Buyback yield / dilution

-0.22%

Shareholder yield

-0.22%

Metric	Value
150-day SMA	CAD 2.81
1D price change	-2.93%
1M price change	-5.82%
1M total return	-5.82%
1W price change	-0.72%
1W total return	-0.72%
1Y price change	-29.67%
1Y return CAGR	-29.68%
1Y total return	-29.67%
20-day SMA	CAD 2.79
200-day SMA	CAD 2.84
3M price change	4.17%
3M total return	4.17%
3Y price change	-40.22%
3Y return CAGR	-15.76%
3Y total return	-40.22%
50-day SMA	CAD 2.92
50-day SMA vs 200-day SMA	50over200
52-week high	CAD 4.25
52-week high date	2025-11-06
52-week low	CAD 2.40
52-week low date	2026-02-23
5Y price change	-89.46%
5Y return CAGR	-36.25%
5Y total return	-89.46%
6M price change	-1.79%
6M total return	-1.79%
All-time high	CAD 34.00
All-time high date	2021-09-23
All-time low	CAD 2.40
All-time low date	2026-02-23
Average true range (ATR)	CAD 0.08
Average volume	13.5K
Beta (1Y)	-0.19
Beta (2Y)	0.39
Beta (5Y)	0.13
Change from 52-week high	-37.65%
Change from 52-week low	10.42%
Change from all-time high	-91.91%
Change from all-time low	14.58%
Change from open	-5.36%
Day's gap	2.56%
Dollar volume	CAD 59,885
High price	CAD 2.80
Low price	CAD 2.65
Monthly RSI	38.52
Open price	CAD 2.80
Position in 52-week range	0%
Previous close	CAD 2.73
Price vs 150-day SMA	-2.1%
Price vs 20-day SMA	-1.47%
Price vs 200-day SMA	-3.31%
Price vs 50-day SMA	-5.82%
Relative volume	1.68
RSI	44.47
Sharpe ratio	-0.23
Sharpe ratio (3Y)	-0.2
Sharpe ratio (5Y)	-0.33
Sortino ratio	-0.23
Sortino ratio (3Y)	-0.19
Sortino ratio (5Y)	-0.44
Volume	22.6K
Weekly RSI	45.39
YTD price change	-13.79%
YTD total return	-13.79%

Metric

Value

150-day SMA

CAD 2.81

1D price change

-2.93%

1M price change

-5.82%

1M total return

-5.82%

1W price change

-0.72%

1W total return

-0.72%

1Y price change

-29.67%

1Y return CAGR

-29.68%

1Y total return

-29.67%

20-day SMA

CAD 2.79

200-day SMA

CAD 2.84

3M price change

4.17%

3M total return

4.17%

3Y price change

-40.22%

3Y return CAGR

-15.76%

3Y total return

-40.22%

50-day SMA

CAD 2.92

50-day SMA vs 200-day SMA

50over200

52-week high

CAD 4.25

52-week high date

2025-11-06

52-week low

CAD 2.40

52-week low date

2026-02-23

5Y price change

-89.46%

5Y return CAGR

-36.25%

5Y total return

-89.46%

6M price change

-1.79%

6M total return

-1.79%

All-time high

CAD 34.00

All-time high date

2021-09-23

All-time low

CAD 2.40

All-time low date

2026-02-23

Average true range (ATR)

CAD 0.08

Average volume

13.5K

Beta (1Y)

-0.19

Beta (2Y)

0.39

Beta (5Y)

0.13

Change from 52-week high

-37.65%

Change from 52-week low

10.42%

Change from all-time high

-91.91%

Change from all-time low

14.58%

Change from open

-5.36%

Day's gap

2.56%

Dollar volume

CAD 59,885

High price

CAD 2.80

Low price

CAD 2.65

Monthly RSI

38.52

Open price

CAD 2.80

Position in 52-week range

Previous close

CAD 2.73

Price vs 150-day SMA

-2.1%

Price vs 20-day SMA

-1.47%

Price vs 200-day SMA

-3.31%

Price vs 50-day SMA

-5.82%

Relative volume

1.68

RSI

44.47

Sharpe ratio

-0.23

Sharpe ratio (3Y)

-0.2

Sharpe ratio (5Y)

-0.33

Sortino ratio

-0.23

Sortino ratio (3Y)

-0.19

Sortino ratio (5Y)

-0.44

Volume

22.6K

Weekly RSI

45.39

YTD price change

-13.79%

YTD total return

-13.79%

Metric	Value
Float	12.9M
Shares change (QoQ)	0.36%
Shares change (YoY)	0.22%
Shares held by insiders	3.98%
Shares held by institutions	13.94%
Shares outstanding	21.8M
Short % of float	0.09%
Short % of shares	0.06%

Metric

Value

Float

12.9M

Shares change (QoQ)

0.36%

Shares change (YoY)

0.22%

Shares held by insiders

3.98%

Shares held by institutions

13.94%

Shares outstanding

21.8M

Short % of float

0.09%

Short % of shares

0.06%

TSX/FORA (TSX/FORA)

Price

Financial snapshot

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Frequently asked questions