Financial Statements — IMCC
Balance Sheet
(in millions CAD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Cash & Equivalents | 0.79 | 0.70 | 1.32 | 5.86 |
| Inventory | 3.66 | 5.72 | 14.48 | 26.65 |
| Total Current Assets | 25.44 | 22.94 | 30.40 | 63.32 |
| Goodwill | 6.86 | 6.63 | 9.10 | 117.23 |
| Total Non-current Assets | 15.63 | 17.27 | 25.35 | 191.99 |
| Total Assets | 41.07 | 40.22 | 55.75 | 255.31 |
| Total Current Liabilities | 35.15 | 33.40 | 28.11 | 53.56 |
| Total Non-current Liabilities | 1.86 | 1.33 | 6.11 | 22.20 |
| Total Liabilities | 37.01 | 34.74 | 34.21 | 75.76 |
| Retained Earnings | (258.92) | (258.48) | (243.60) | (78.86) |
| Total Stockholder Equity | 4.06 | 5.48 | 21.54 | 179.54 |
Income Statement
(in millions CAD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Total Revenue | 12.70 | 14.75 | 13.21 | 23.82 |
| Cost of Revenue* | 9.27 | 13.91 | 9.75 | 19.81 |
| Gross Profit | 3.43 | 0.84 | 3.46 | 4.01 |
| Selling, General & Admin | 2.48 | 2.16 | 2.39 | 11.18 |
| Total Operating Expenses | 3.78 | 3.71 | 5.21 | 22.67 |
| Operating Income | (0.35) | (2.87) | (1.75) | (18.66) |
| Pretax Income | (0.22) | (4.29) | (3.87) | (20.16) |
| Tax Provision | (0.03) | (0.84) | (0.16) | (1.18) |
| Net Income | (0.19) | (3.46) | (3.71) | (18.98) |
| Basic EPS | (0.09) | (0.23) | (0.26) | (0.27) |
| Diluted EPS | (0.09) | (0.23) | (0.26) | (0.30) |
* Derived from reported values
Cash Flow Statement
(in millions CAD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Operating Cash Flow | 3.99 | 0.37 | (13.21) | (10.93) |
| Investing Cash Flow | 0.02 | (0.40) | (0.55) | (0.64) |
| Financing Cash Flow | (2.83) | 0.64 | 10.68 | 7.12 |
