Added to YB: 2025-12-01
Pitch date: 2025-11-27
ECOM.V [neutral]
EMERGE Commerce Ltd.
+15%
current return
Author Info
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Company Info
EMERGE Commerce Ltd. owns and operates a portfolio of e-commerce marketplaces in Canada and the United States.
Market Cap
CAD 14.2M
Pitch Price
CAD 0.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.85
P/E
25.27
EV/Sales
0.67
Sector
IT Services
Category
turnaround
Emerge Commerce ($ECOM.V) FINS Review
ECOM.V (earnings): Up 171% YTD post-Tee 2 Green acquisition. Q3 revenue +58% to $7M but gross margin fell 600bps to 34%. OCF improved to $2.5M vs -$900K burn last year. Balance sheet concerns: current ratio 0.94, $3.7M quick ratio shortfall vs 12-month obligations. One-time gains mask normalized $700K loss. Warrant overhang cleared. Dilution likely needed 2026. Maintaining 2.75/5 stars on turnaround potential despite liquidity risks.
Read full article (5 min)