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Telescope Innovations

TELI.CN
19
Biotechnology · Healthcare
Price
C$0.43
+0.01 (+1.18%)
Market Cap
C$34.7M
Exchange
Canadian Securities Exchange
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 9, 2026 · filings through May 31, 2026

Share count rising — dilution

+12.4% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 47.8M (2020) → 53.7M (2025)

Telescope Innovations Corp. is a small Canadian biotechnology company that builds automated chemistry tools for drug discovery and research. Its core products are flow chemistry systems and robotic platforms that help scientists run chemical reactions faster and more efficiently. The company sells to pharmaceutical companies, academic labs, and research institutions looking to speed up the early stages of drug development.

The company earns revenue by selling its hardware systems and related services, though it remains in an early commercial stage with very thin margins and significant operating losses. It operates primarily in Canada with efforts to reach customers in North America and beyond. Its competitive position depends on the specialized nature of its automation technology, but as a micro-cap company it faces real risks around cash burn, limited scale, and competition from larger, better-funded lab automation firms. The main challenge ahead is growing revenue fast enough to reduce its dependence on external financing.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+18.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-87.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

17.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$1M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Telescope Innovations has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-17.1%
Thin — -17.1% gross margin
Operating Margin
-188.3%
Losing money on operations — -188.3%
ROCE
-55.7%
Weak — -55.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-95.7%
Burning cash (-95.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.20
Conservative — low debt load (0.20)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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