Theralase Technologies Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	1	1.03	1.07	1.14	0.78	0.93	Upgrade
Revenue Growth (YoY)	1.46%	-3.45%	-6.00%	45.85%	-15.98%	-3.62%	Upgrade
Cost of Revenue	0.45	0.48	0.51	0.51	0.47	0.69	Upgrade
Gross Profit	0.55	0.55	0.56	0.63	0.31	0.24	Upgrade
Selling, General & Admin	2.19	2.09	2.17	1.58	1.93	2.52	Upgrade
Research & Development	2.77	2.75	2.98	4.28	2.92	3.45	Upgrade
Operating Expenses	4.96	4.84	5.16	5.86	4.85	5.97	Upgrade
Operating Income	-4.41	-4.29	-4.59	-5.23	-4.54	-5.72	Upgrade
Interest Expense	-0.02	-0.02	-0.03	-0.02	-0.01	-0.01	Upgrade
Interest & Investment Income	0.07	0.07	0.05	0.03	0.02	0.1	Upgrade
Currency Exchange Gain (Loss)	0	-0.01	0	-0.03	-0.02	0	Upgrade
EBT Excluding Unusual Items	-4.35	-4.26	-4.57	-5.25	-4.54	-5.62	Upgrade
Legal Settlements	-	-	-	0.01	0.13	-	Upgrade
Other Unusual Items	-	-	-	-	-	0.03	Upgrade
Pretax Income	-4.35	-4.26	-4.57	-5.24	-4.41	-5.6	Upgrade
Net Income	-4.35	-4.26	-4.57	-5.24	-4.41	-5.6	Upgrade
Net Income to Common	-4.35	-4.26	-4.57	-5.24	-4.41	-5.6	Upgrade
Shares Outstanding (Basic)	252	240	220	208	204	204	Upgrade
Shares Outstanding (Diluted)	252	240	220	208	204	204	Upgrade
Shares Change (YoY)	8.38%	9.14%	5.79%	1.79%	-	41.19%	Upgrade
EPS (Basic)	-0.02	-0.02	-0.02	-0.03	-0.02	-0.03	Upgrade
EPS (Diluted)	-0.02	-0.02	-0.02	-0.03	-0.02	-0.03	Upgrade
Free Cash Flow	-2.61	-3.35	-4.11	-5.17	-4.13	-4.61	Upgrade
Free Cash Flow Per Share	-0.01	-0.01	-0.02	-0.03	-0.02	-0.02	Upgrade
Gross Margin	55.34%	53.61%	52.52%	55.17%	39.70%	26.24%	Upgrade
Operating Margin	-440.39%	-414.96%	-429.25%	-459.48%	-581.77%	-615.91%	Upgrade
Profit Margin	-434.88%	-411.84%	-427.06%	-459.81%	-565.06%	-602.56%	Upgrade
Free Cash Flow Margin	-261.03%	-323.78%	-384.01%	-454.37%	-529.21%	-496.25%	Upgrade
EBITDA	-4.24	-4.11	-4.4	-4.99	-4.32	-5.5	Upgrade
D&A For EBITDA	0.17	0.18	0.19	0.24	0.22	0.22	Upgrade
EBIT	-4.41	-4.29	-4.59	-5.23	-4.54	-5.72	Upgrade
Advertising Expenses	-	0.03	0.02	0.02	0.05	0.08	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.