Also trades as: AILQF (OTC) · $vol 0M

C$0.42 ($0.29)

-0.01 (-3.45%)

Weekly Expected Move ±7.4%

C$0 C$0 C$0 C$0 C$0

TSXV · Technology · Software - Application · Tech Score Strong Sell · Power 37 · C$12.4M mcap · 17M float · 0.036% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. IQ.V receives an overall rating of B-. Strongest factors: DCF (4/5), P/B (4/5). Areas of concern: ROE (2/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-08-12	C+	B-
2026-08-10	B-	C+
2026-08-05	None	ADDED
2026-08-03	EXISTED	None
2026-07-25	B-	C+
2026-07-07	None	ADDED
2026-07-05	EXISTED	None
2026-06-30	None	ADDED
2026-06-29	EXISTED	None
2026-06-24	None	ADDED

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 28 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. IQ.V scores highest in Balance Sheet (92/100) and lowest in Safety (0/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

-5.97

Distress Zone

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-2.30

Unlikely Manipulator

Ohlson O-Score

-8.69

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

BBB

Score: 56.3/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 12.36x

Accruals: -12.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. IQ.V scores -5.97, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. IQ.V scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. IQ.V's score of -2.30 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. IQ.V's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. IQ.V receives an estimated rating of BBB (score: 56.3/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). IQ.V's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

77.78x

PEG

1.69x

P/S

1.80x

P/B

1.51x

P/FCF

-7.61x

P/OCF

11.49x

EV/EBITDA

9.34x

EV/Revenue

2.03x

EV/EBIT

34.02x

EV/FCF

-6.80x

Earnings Yield

0.70%

FCF Yield

-13.14%

Shareholder Yield

1.35%

Graham Number

$0.15

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 77.8x earnings, IQ.V is priced for high growth expectations. Graham's intrinsic value formula yields $0.15 per share, 184% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.327

NI / EBT

Interest Burden

0.820

EBT / EBIT

EBIT Margin

0.060

EBIT / Rev

Asset Turnover

0.696

Rev / Assets

Equity Multiplier

1.150

Assets / Equity

ROE

1.3%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. IQ.V's ROE of 1.3% is driven by Asset Turnover (0.696), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.33 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$0.03

Price/Value

16.71x

Margin of Safety

-1570.65%

Premium

1570.65%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with IQ.V's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. IQ.V trades at a 1571% premium to its adjusted intrinsic value of $0.03, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 77.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$0.42

Median 1Y

$0.38

5th Pctile

$0.13

95th Pctile

$1.16

Ann. Volatility

66.5%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
ROE	16.6%	17.7%	18.0%	18.5%	20.2%	24.4%	26.0%	75.7%	73.2%	65.7%	63.3%	11.7%	8.2%	6.1%	4.6%	2.5%	1.4%	2.7%	3.6%	1.3%	1.28%
ROA	10.6%	12.1%	12.5%	12.9%	13.6%	17.2%	17.9%	59.0%	55.2%	51.9%	50.5%	9.9%	6.7%	5.2%	4.0%	2.2%	1.2%	2.4%	3.2%	1.1%	1.11%
ROIC	43.2%	59.6%	43.1%	38.5%	40.2%	41.0%	40.5%	68.3%	78.6%	94.1%	87.6%	17.3%	16.7%	10.3%	6.9%	4.0%	1.7%	3.0%	4.8%	1.8%	1.79%
ROCE	14.8%	15.6%	16.8%	18.2%	19.6%	19.5%	19.9%	12.2%	12.7%	10.7%	10.2%	10.2%	6.6%	5.0%	2.9%	1.1%	1.1%	2.4%	4.3%	4.8%	4.76%
Gross Margin	61.3%	58.1%	65.0%	61.4%	60.3%	60.6%	57.5%	62.3%	55.4%	59.7%	56.4%	58.6%	55.7%	64.4%	62.5%	64.1%	61.3%	51.4%	52.5%	48.3%	48.29%
Operating Margin	10.4%	15.7%	11.1%	9.0%	18.0%	12.1%	14.0%	14.9%	21.3%	20.6%	10.8%	14.3%	11.4%	2.3%	-3.2%	2.1%	5.1%	7.1%	6.9%	3.4%	3.37%
Net Margin	16.2%	19.6%	8.5%	4.8%	21.1%	36.2%	12.2%	2.3%	19.9%	13.5%	11.3%	16.7%	6.5%	2.3%	2.1%	3.0%	1.1%	8.9%	6.0%	-8.2%	-8.21%
EBITDA Margin	26.2%	29.3%	23.2%	19.3%	32.2%	36.4%	23.1%	25.6%	30.4%	23.8%	24.8%	28.7%	16.2%	17.6%	12.1%	17.1%	19.7%	24.4%	23.8%	19.2%	19.25%
FCF Margin	-0.9%	15.3%	18.6%	5.7%	5.3%	-2.6%	-5.5%	9.7%	19.5%	19.0%	19.5%	20.7%	16.6%	7.0%	9.6%	1.5%	-3.4%	-3.7%	-17.9%	-29.9%	-29.86%
OCF Margin	14.5%	27.1%	28.2%	27.7%	26.7%	21.1%	18.1%	21.2%	29.9%	27.5%	28.2%	29.9%	26.6%	17.4%	18.9%	17.9%	13.7%	22.7%	21.1%	19.8%	19.78%
ROE 3Y Avg	snapshot only																				4.93%
ROE 5Y Avg	snapshot only																				17.42%
ROA 3Y Avg	snapshot only																				4.28%
ROIC 3Y Avg	snapshot only																				2.41%
ROIC Economic	snapshot only																				1.47%
Cash ROA	snapshot only																				13.49%
Cash ROIC	snapshot only																				19.59%
CROIC	snapshot only																				-29.57%
NOPAT Margin	snapshot only																				1.81%
Pretax Margin	snapshot only																				4.89%
R&D / Revenue	snapshot only																				2.46%
SGA / Revenue	snapshot only																				43.14%
SBC / Revenue	snapshot only																				0.62%

Valuation

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
P/E Ratio	19.65	17.13	17.23	16.43	13.36	9.79	9.27	2.07	2.40	3.18	3.64	13.25	19.14	28.51	34.38	48.61	102.09	57.61	51.09	142.01	77.778
P/S Ratio	2.24	2.11	2.13	2.05	1.86	1.78	1.72	1.57	1.69	2.03	2.37	2.09	2.22	2.53	2.32	1.78	2.15	2.27	2.52	2.27	1.796
P/B Ratio	3.04	2.83	2.88	2.83	2.49	2.20	2.19	1.14	1.28	1.55	1.72	1.46	1.49	1.67	1.55	1.22	1.42	1.56	1.83	1.82	1.512
P/FCF	-255.97	13.81	11.42	35.68	35.35	-68.19	-31.53	16.18	8.68	10.69	12.19	10.06	13.40	36.32	24.03	118.90	-63.52	-60.66	-14.07	-7.61	-7.613
P/OCF	15.49	7.81	7.55	7.40	6.98	8.44	9.53	7.40	5.66	7.39	8.42	6.98	8.35	14.53	12.24	9.95	15.75	9.96	11.92	11.49	11.493
EV/EBITDA	7.91	6.85	6.92	6.61	5.52	4.71	4.71	3.92	4.12	5.80	6.94	5.59	6.94	9.20	9.55	7.76	9.57	9.71	10.62	9.34	9.341
EV/Revenue	1.80	1.59	1.64	1.63	1.45	1.33	1.31	1.14	1.19	1.51	1.84	1.52	1.58	1.96	1.75	1.22	1.60	1.81	2.28	2.03	2.031
EV/EBIT	15.56	12.73	12.57	11.91	9.63	8.15	8.08	6.64	6.89	10.45	12.92	10.30	15.90	25.38	39.65	72.91	98.62	52.15	38.64	34.02	34.019
EV/FCF	-205.08	10.36	8.82	28.33	27.60	-50.64	-23.95	11.74	6.08	7.95	9.45	7.33	9.56	28.10	18.13	81.69	-47.12	-48.39	-12.77	-6.80	-6.804
Earnings Yield	5.1%	5.8%	5.8%	6.1%	7.5%	10.2%	10.8%	48.4%	41.6%	31.5%	27.5%	7.5%	5.2%	3.5%	2.9%	2.1%	1.0%	1.7%	2.0%	0.7%	0.70%
FCF Yield	-0.4%	7.2%	8.8%	2.8%	2.8%	-1.5%	-3.2%	6.2%	11.5%	9.4%	8.2%	9.9%	7.5%	2.8%	4.2%	0.8%	-1.6%	-1.6%	-7.1%	-13.1%	-13.14%
PEG Ratio	snapshot only																				1.693
Price/Tangible Book	snapshot only																				2.094
EV/OCF	snapshot only																				10.272
EV/Gross Profit	snapshot only																				3.834
Acquirers Multiple	snapshot only																				36.665
Shareholder Yield	snapshot only																				1.35%
Graham Number	snapshot only																				$0.15

Leverage & Solvency

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Current Ratio	2.42	2.63	2.43	2.28	2.24	2.57	2.43	2.60	2.56	3.04	3.66	3.51	3.24	3.80	4.03	3.89	3.25	3.19	2.41	2.00	1.996
Quick Ratio	2.06	2.31	1.94	1.88	1.87	2.23	1.99	2.13	2.24	2.52	3.13	3.08	2.97	3.31	3.59	3.52	2.94	2.87	1.95	1.70	1.695
Debt/Equity	0.04	0.03	0.03	0.02	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Net Debt/Equity	-0.60	-0.71	-0.66	-0.58	-0.55	-0.57	-0.53	-0.31	-0.38	-0.40	-0.39	-0.40	-0.43	-0.38	-0.38	-0.38	-0.37	-0.32	-0.17	-0.19	-0.193
Debt/Assets	0.03	0.02	0.02	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Debt/EBITDA	0.13	0.11	0.10	0.05	0.04	0.03	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Net Debt/EBITDA	-1.96	-2.28	-2.04	-1.72	-1.55	-1.63	-1.49	-1.48	-1.76	-2.00	-2.01	-2.08	-2.78	-2.69	-3.11	-3.53	-3.33	-2.46	-1.08	-1.11	-1.110
Interest Coverage	89.60	102.40	110.60	149.25	170.50	183.25	261.67	288.67	479.50	832.00	797.00	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	1.50	1.46	1.46	1.44	1.46	1.39	1.45	1.21	1.26	1.21	1.16	1.15	1.18	1.14	1.13	1.13	1.15	1.14	1.13	1.17	1.172
Cash Ratio	snapshot only																				1.144
Defensive Interval	snapshot only																				255.6 days

Efficiency & Turnover

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Asset Turnover	0.93	0.98	1.01	1.03	0.98	0.94	0.96	0.78	0.78	0.81	0.77	0.63	0.58	0.58	0.60	0.61	0.57	0.60	0.65	0.70	0.696
Inventory Turnover	3.39	4.68	3.32	3.89	3.51	4.19	3.00	3.49	4.21	4.13	3.70	4.19	5.04	3.57	4.25	4.97	5.31	5.19	5.64	7.71	7.715
Receivables Turnover	7.27	10.17	16.41	10.98	6.70	8.85	8.42	11.41	7.20	11.31	8.25	14.28	8.92	15.67	13.97	20.01	13.28	18.14	14.67	17.12	17.123
Payables Turnover	4.05	3.60	2.86	2.65	4.70	3.63	2.58	2.74	2.80	4.06	3.41	3.46	2.91	3.83	4.50	3.72	2.78	3.88	4.41	3.66	3.656
DSO	50	36	22	33	54	41	43	32	51	32	44	26	41	23	26	18	27	20	25	21	21.3 days
DIO	108	78	110	94	104	87	122	105	87	88	99	87	72	102	86	73	69	70	65	47	47.3 days
DPO	90	101	128	137	78	101	142	133	130	90	107	106	126	95	81	98	131	94	83	100	99.8 days
Cash Conversion Cycle	68	12	5	-10	81	28	24	4	7	31	36	7	-12	30	31	-7	-35	-4	7	-31	-31.2 days
Fixed Asset Turnover	snapshot only																				2.349
Operating Cycle	snapshot only																				68.6 days
Cash Velocity	snapshot only																				4.141
Capital Intensity	snapshot only																				1.466

Growth (YoY)

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Revenue	-7.4%	10.6%	12.7%	17.9%	16.6%	9.7%	14.7%	15.5%	23.3%	27.5%	15.5%	9.2%	-2.9%	-7.2%	-2.8%	0.5%	-1.9%	4.4%	9.7%	17.3%	17.25%
Net Income	-39.6%	-23.2%	-22.0%	21.4%	42.2%	62.1%	72.6%	6.0%	5.2%	3.5%	3.1%	-77.3%	-84.0%	-87.1%	-90.0%	-76.6%	-82.1%	-53.8%	-19.9%	-48.8%	-48.77%
EPS	-39.9%	-22.6%	-21.1%	22.2%	41.8%	62.5%	73.0%	6.4%	5.4%	3.5%	3.1%	-77.4%	-84.2%	-87.1%	-89.9%	-76.6%	-81.7%	-52.8%	-17.9%	-48.9%	-48.91%
FCF	-1.0%	2.9%	5.7%	1.7%	8.0%	-1.2%	-1.3%	95.2%	3.6%	10.3%	5.1%	1.3%	-17.5%	-66.0%	-51.8%	-92.7%	-1.2%	-1.6%	-3.0%	-24.4%	-24.37%
EBITDA	-23.9%	-12.5%	-8.8%	21.3%	34.8%	33.4%	34.0%	36.5%	34.9%	18.0%	10.1%	2.2%	-23.1%	-24.2%	-32.8%	-41.7%	-28.2%	-8.8%	28.8%	61.7%	61.67%
Op. Income	8.6%	-8.7%	-24.5%	-27.7%	-11.5%	-7.1%	22.3%	46.8%	45.3%	79.8%	49.4%	27.8%	-14.3%	-49.6%	-64.2%	-78.8%	-88.8%	-68.3%	-6.9%	78.2%	78.22%
OCF Growth	snapshot only																				29.54%
Asset Growth	snapshot only																				4.17%
Equity Growth	snapshot only																				0.36%
Shares Change	snapshot only																				0.27%

Growth (CAGR)

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Revenue 3Y	5.8%	5.3%	6.6%	5.9%	-0.9%	-3.6%	-1.8%	0.1%	10.0%	15.7%	14.3%	14.1%	11.8%	9.1%	8.8%	8.2%	5.5%	7.3%	7.2%	8.8%	8.77%
Revenue 5Y	2.6%	3.8%	5.1%	6.1%	7.5%	7.4%	8.6%	9.0%	11.2%	10.3%	9.9%	8.4%	3.1%	1.2%	1.2%	1.9%	4.9%	8.4%	9.7%	11.9%	11.87%
EPS 3Y	31.9%	26.7%	40.7%	32.9%	28.3%	20.4%	21.5%	78.2%	75.9%	78.3%	77.0%	26.8%	12.6%	-1.9%	-10.8%	-26.9%	-43.1%	-35.0%	-30.5%	-70.0%	-70.01%
EPS 5Y	0.8%	6.0%	7.5%	7.5%	10.8%	21.5%	26.3%	90.3%	83.5%	71.6%	81.3%	31.4%	16.3%	0.3%	-6.0%	-21.5%	-30.9%	-19.2%	-14.4%	-24.6%	-24.60%
Net Income 3Y	32.6%	29.4%	41.8%	33.1%	28.9%	20.7%	21.9%	75.2%	74.9%	77.4%	76.1%	24.6%	12.3%	-2.2%	-11.1%	-28.0%	-43.8%	-35.7%	-31.2%	-70.0%	-69.95%
Net Income 5Y	2.2%	7.4%	9.0%	9.0%	12.4%	23.2%	28.0%	88.8%	83.2%	73.5%	82.0%	30.3%	16.4%	0.3%	-5.9%	-22.2%	-31.3%	-19.8%	-15.2%	-25.4%	-25.36%
EBITDA 3Y	19.2%	18.7%	27.0%	24.4%	20.5%	14.3%	13.0%	8.7%	11.4%	11.3%	10.4%	19.2%	11.8%	6.1%	-0.3%	-6.7%	-9.3%	-6.6%	-1.6%	-1.2%	-1.24%
EBITDA 5Y	6.6%	8.5%	9.9%	12.8%	14.4%	16.8%	18.8%	22.5%	25.2%	21.4%	24.7%	21.8%	12.7%	5.9%	1.3%	-5.2%	-5.2%	-1.0%	3.1%	9.8%	9.78%
Gross Profit 3Y	9.1%	8.0%	8.4%	8.3%	5.5%	3.7%	4.3%	5.9%	10.5%	12.7%	10.4%	8.2%	6.8%	6.2%	7.4%	8.2%	6.7%	6.0%	5.4%	4.3%	4.28%
Gross Profit 5Y	6.9%	7.9%	8.4%	8.4%	8.1%	8.1%	8.6%	8.9%	10.6%	10.2%	9.5%	8.5%	5.8%	4.6%	5.0%	5.8%	6.7%	7.1%	7.0%	6.7%	6.66%
Op. Income 3Y	11.8%	3.8%	1.6%	2.7%	-0.5%	-7.7%	-7.2%	-3.6%	11.8%	15.1%	11.3%	10.7%	3.3%	-5.6%	-13.2%	-26.5%	-48.2%	-34.0%	-20.7%	-21.6%	-21.60%
Op. Income 5Y	5.3%	3.7%	1.1%	-0.9%	3.0%	3.8%	7.4%	10.0%	12.4%	13.3%	13.9%	15.2%	4.2%	-6.6%	-15.6%	-24.7%	-33.1%	-24.6%	-14.4%	-12.6%	-12.55%
FCF 3Y	—	15.1%	27.3%	16.9%	32.6%	—	—	-31.4%	-4.3%	89.8%	1.1%	—	—	-16.1%	-12.7%	-30.8%	—	—	—	—	—
FCF 5Y	—	—	—	56.2%	9.1%	—	—	5.1%	22.0%	21.5%	23.3%	48.8%	54.4%	-17.0%	-11.6%	-44.1%	—	—	—	—	—
OCF 3Y	-9.3%	13.2%	23.9%	36.1%	35.6%	-10.3%	-13.9%	-17.7%	1.3%	35.4%	34.5%	86.8%	36.7%	-5.8%	-4.7%	-6.4%	-15.5%	10.0%	12.8%	6.2%	6.23%
OCF 5Y	2.8%	20.5%	25.7%	24.9%	21.1%	7.9%	2.6%	7.1%	17.2%	15.6%	20.3%	28.0%	24.4%	-6.8%	-5.6%	-12.4%	-14.6%	14.7%	14.2%	38.4%	38.41%
Assets 3Y	25.5%	25.1%	24.9%	20.4%	7.6%	12.4%	16.9%	27.7%	32.0%	32.5%	33.1%	32.6%	30.1%	27.3%	26.5%	26.1%	23.2%	21.9%	18.9%	4.1%	4.13%
Assets 5Y	14.7%	16.9%	18.2%	16.5%	13.5%	14.2%	16.4%	27.8%	33.5%	31.8%	30.8%	28.4%	19.0%	21.0%	21.7%	17.7%	18.2%	18.6%	19.5%	19.5%	19.51%
Equity 3Y	27.9%	28.4%	27.0%	26.5%	25.0%	22.8%	23.1%	44.7%	43.5%	41.8%	42.2%	42.7%	41.0%	38.3%	37.7%	36.8%	33.4%	30.3%	29.2%	5.3%	5.32%
Book Value 3Y	27.2%	25.7%	26.0%	26.2%	24.4%	22.5%	22.8%	47.2%	44.3%	42.5%	43.0%	45.1%	41.5%	38.8%	38.1%	38.9%	35.0%	31.6%	30.5%	5.1%	5.11%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Revenue Stability	0.28	0.18	0.25	0.31	0.40	0.24	0.32	0.41	0.82	0.79	0.89	0.86	0.41	0.18	0.22	0.36	0.71	0.79	0.92	0.95	0.952
Earnings Stability	0.18	0.52	0.52	0.36	0.45	0.79	0.79	0.52	0.53	0.56	0.59	0.25	0.19	0.16	0.13	0.01	0.00	0.00	0.00	0.05	0.047
Margin Stability	0.90	0.89	0.89	0.89	0.91	0.90	0.91	0.90	0.95	0.96	0.96	0.93	0.91	0.91	0.92	0.92	0.96	0.97	0.95	0.91	0.912
Rev. Growth Consistency	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.00	0.50	0.50	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	1	1	0	0	0	0	1	1	0	0	1	1	1	1	1	0	0	0	0	0
Earnings Persistence	0.84	0.91	0.91	0.91	0.83	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.92	0.80	0.805
Earnings Smoothness	0.51	0.74	0.75	0.81	0.65	0.53	0.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.26	0.78	0.36	0.355
ROE Trend	-0.08	-0.08	-0.08	-0.07	-0.04	0.02	0.03	0.38	0.36	0.29	0.27	-0.25	-0.28	-0.30	-0.31	-0.31	-0.29	-0.25	-0.22	-0.05	-0.055
Gross Margin Trend	0.12	0.07	0.05	0.02	-0.01	-0.02	-0.04	-0.04	-0.05	-0.04	-0.03	-0.03	-0.02	-0.01	0.01	0.03	0.05	0.01	-0.02	-0.06	-0.063
FCF Margin Trend	-0.17	0.04	0.08	-0.04	-0.09	-0.12	-0.16	0.12	0.17	0.13	0.13	0.13	0.04	-0.01	0.03	-0.14	-0.21	-0.17	-0.32	-0.41	-0.410
Sustainable Growth Rate	16.6%	17.7%	18.0%	18.5%	20.2%	24.4%	26.0%	75.7%	73.2%	65.7%	63.3%	11.7%	8.2%	6.1%	4.6%	2.5%	1.4%	2.7%	3.6%	1.3%	1.28%
Internal Growth Rate	11.9%	13.7%	14.3%	14.8%	15.7%	20.8%	21.8%	1.4%	1.2%	1.1%	1.0%	11.0%	7.2%	5.4%	4.2%	2.3%	1.2%	2.4%	3.3%	1.1%	1.13%

Cash Flow Quality

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
OCF/Net Income	1.27	2.19	2.28	2.22	1.91	1.16	0.97	0.28	0.42	0.43	0.43	1.90	2.29	1.96	2.81	4.89	6.48	5.79	4.29	12.36	12.356
FCF/OCF	-0.06	0.57	0.66	0.21	0.20	-0.12	-0.30	0.46	0.65	0.69	0.69	0.69	0.62	0.40	0.51	0.08	-0.25	-0.16	-0.85	-1.51	-1.510
FCF/Net Income	snapshot only																				-18.654
OCF/EBITDA	snapshot only																				0.909
CapEx/Revenue	15.4%	11.8%	9.5%	22.0%	21.4%	23.7%	23.6%	11.5%	10.4%	8.5%	8.7%	9.2%	10.0%	10.5%	9.3%	16.4%	17.1%	26.5%	39.0%	49.6%	49.63%
CapEx/Depreciation	snapshot only																				3.146
Accruals Ratio	-0.03	-0.14	-0.16	-0.16	-0.12	-0.03	0.00	0.43	0.32	0.30	0.29	-0.09	-0.09	-0.05	-0.07	-0.09	-0.07	-0.11	-0.10	-0.13	-0.127
Sloan Accruals	snapshot only																				-0.279
Cash Flow Adequacy	snapshot only																				0.398
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	—	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—
Total Payout Ratio	32.1%	33.7%	31.2%	27.0%	21.4%	14.7%	14.1%	2.6%	1.4%	1.1%	0.0%	5.9%	9.3%	12.2%	20.2%	72.9%	2.1%	1.6%	1.1%	1.9%	1.92%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	1.6%	2.0%	1.8%	1.6%	1.6%	1.5%	1.5%	1.2%	0.6%	0.3%	0.0%	0.4%	0.5%	0.4%	0.6%	1.5%	2.1%	2.7%	2.2%	1.4%	1.35%
Net Buyback Yield	1.6%	2.0%	1.8%	1.6%	1.6%	1.5%	1.5%	1.2%	0.6%	0.3%	-0.1%	0.4%	0.4%	0.3%	0.5%	1.4%	2.0%	2.6%	2.0%	0.8%	0.83%
Total Shareholder Return	1.6%	2.0%	1.8%	1.6%	1.6%	1.5%	1.5%	1.2%	0.6%	0.3%	-0.1%	0.4%	0.4%	0.3%	0.5%	1.4%	2.0%	2.6%	2.0%	0.8%	0.83%

DuPont Factors

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	0.96	0.97	1.17	1.15	4.44	4.12	4.32	4.44	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.33	0.327
Interest Burden (EBT/EBIT)	0.99	0.99	0.94	0.95	0.96	0.96	1.00	1.00	0.99	1.02	1.03	1.07	1.16	1.15	1.53	2.18	1.30	1.13	0.83	0.82	0.820
EBIT Margin	0.12	0.12	0.13	0.14	0.15	0.16	0.16	0.17	0.17	0.14	0.14	0.15	0.10	0.08	0.04	0.02	0.02	0.03	0.06	0.06	0.060
Asset Turnover	0.93	0.98	1.01	1.03	0.98	0.94	0.96	0.78	0.78	0.81	0.77	0.63	0.58	0.58	0.60	0.61	0.57	0.60	0.65	0.70	0.696
Equity Multiplier	1.56	1.47	1.44	1.44	1.48	1.42	1.45	1.28	1.32	1.27	1.25	1.18	1.22	1.17	1.14	1.14	1.17	1.14	1.13	1.15	1.150

Per Share

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
EPS (Diluted TTM)	$0.01	$0.02	$0.02	$0.02	$0.02	$0.03	$0.03	$0.13	$0.13	$0.12	$0.12	$0.03	$0.02	$0.02	$0.01	$0.01	$0.00	$0.01	$0.01	$0.00	$0.00
Book Value/Share	$0.09	$0.10	$0.10	$0.10	$0.11	$0.12	$0.12	$0.24	$0.24	$0.25	$0.25	$0.27	$0.26	$0.26	$0.26	$0.28	$0.27	$0.27	$0.27	$0.28	$0.28
Tangible Book/Share	$0.07	$0.08	$0.08	$0.08	$0.09	$0.09	$0.10	$0.20	$0.21	$0.21	$0.22	$0.23	$0.22	$0.22	$0.22	$0.23	$0.22	$0.26	$0.24	$0.24	$0.24
Revenue/Share	$0.12	$0.13	$0.14	$0.14	$0.15	$0.15	$0.16	$0.17	$0.18	$0.19	$0.18	$0.19	$0.18	$0.17	$0.18	$0.19	$0.18	$0.19	$0.20	$0.22	$0.23
FCF/Share	$-0.00	$0.02	$0.03	$0.01	$0.01	$-0.00	$-0.01	$0.02	$0.04	$0.04	$0.04	$0.04	$0.03	$0.01	$0.02	$0.00	$-0.01	$-0.01	$-0.04	$-0.07	$-0.07
OCF/Share	$0.02	$0.04	$0.04	$0.04	$0.04	$0.03	$0.03	$0.04	$0.05	$0.05	$0.05	$0.06	$0.05	$0.03	$0.03	$0.03	$0.02	$0.04	$0.04	$0.04	$0.04
Cash/Share	$0.06	$0.07	$0.07	$0.06	$0.06	$0.07	$0.07	$0.07	$0.09	$0.10	$0.10	$0.11	$0.11	$0.10	$0.10	$0.10	$0.10	$0.08	$0.05	$0.05	$0.05
EBITDA/Share	$0.03	$0.03	$0.03	$0.03	$0.04	$0.04	$0.04	$0.05	$0.05	$0.05	$0.05	$0.05	$0.04	$0.04	$0.03	$0.03	$0.03	$0.03	$0.04	$0.05	$0.05
Debt/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Net Debt/Share	$-0.06	$-0.07	$-0.07	$-0.06	$-0.06	$-0.07	$-0.06	$-0.07	$-0.09	$-0.10	$-0.10	$-0.11	$-0.11	$-0.10	$-0.10	$-0.10	$-0.10	$-0.08	$-0.05	$-0.05	$-0.05

Academic Models

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-5.973
Altman Z-Prime	snapshot only																				-18.669
Piotroski F-Score	4	7	6	7	6	8	6	7	6	6	6	5	5	6	6	7	6	5	5	4	4
Beneish M-Score	-2.41	-3.10	-3.37	-3.27	-2.95	-2.03	-0.09	0.38	-0.15	-0.82	-1.23	-3.39	-3.45	-2.92	-2.85	-2.66	-2.66	-2.77	-2.66	-2.30	-2.296
Ohlson O-Score	snapshot only																				-8.686
ROIC (Greenblatt)	snapshot only																				9.39%
Net-Net WC	snapshot only																				$0.05
EVA	snapshot only																				$-538364.15

Credit

Metric	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Credit Rating	snapshot only																				BBB
Credit Score	55.58	62.00	62.63	62.87	64.09	59.69	58.92	59.88	60.12	60.41	60.49	59.93	60.20	59.25	59.39	58.95	59.18	58.63	57.76	56.27	56.271
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				-2.682
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				45
Sector Credit Rank	snapshot only																				40

IQ.V TSXV

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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