Added to YB: 2026-05-29
Pitch date: 2026-05-26
PALS.V [neutral]
Paragon Advanced Labs Inc.
-11.86%
current return
Author Info
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Company Info
Paragon Advanced Labs Inc. provides geochemical testing and analysis services to natural resource companies in Canada.
Market Cap
CAD 89.1M
Pitch Price
CAD 2.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
-53.63
P/E
-0.44
EV/Sales
20.20
Sector
Metals and Mining
Category
turnaround
Paragon Advanced Labs: Thesis Check After Q1
PALS.V (update): Q1 rev C$2.21M (+21% QoQ, +22% YoY) beat C$2.2M guide. C$8M+ annualized contract ramping to full throughput Q2; April hit record (40% above prior peak). Gross loss C$217K overstates weakness (C$781K PA depreciation in COGS). Cash only C$635K, C$9.06M working capital deficit, going-concern note; bridged via US$4.3M McEwen treasury sale. Thesis intact but funding risk higher than initially assessed.
Read full article (2 min)