INEO Tech Corp. (INEOF)
INEO Tech Corp., through its subsidiary, INEO Solutions Inc., provides retail analytics and advertising services through cloud-based internet of things and artificial intelligence technology in Canada, the United States, Colombia, the United Kingdom, and Mexico. It operates through Loss Prevention, Retail Media, and Fabrication Segments. The company offers INEO Welcoming Pedestal that combines security tag readers for digital advertising at the entrance and exit of retail stores. It also provides INEO Media Network using a SaaS-based model for retail stores; digital signage, and cloud dashboard systems. INEO Tech Corp. is headquartered in Surrey, Canada.
Industry: Advertising Agencies
INEO Tech Corp.
OTC:INEOFCommunication Services · Advertising Agencies
Mkt Cap-
Float6.9M
O/S16.22M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.43M
Net Income-$2.33M
Total Assets$3.09M
Free Cash Flow-$2.03M
Debt & Equity
Debt 88%
Equity 12%
Total Debt$1.39M
Total Equity$192K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitJun 5, 202610 shares → 1
Balance Sheet Details
Assets$3.09M
Liabilities$2.9M
Accounts Receivable$475K
Accounts Payable$559K
Inventory$553K
PP&E (Net)$1.28M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2012-05-31 | 2011-05-31 | 2010-05-31 |
| Revenue | $1.43M | $738K | $968K | $1.08M | $888K | $531K | $376K | $302K | $203K | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 93.7% | -23.7% | -10.0% | 21.2% | 67.1% | 41.4% | 24.2% | 48.7% | - | - | - | - | - | - |
| Cost of Revenue | $1.24M | $571K | $653K | $810K | $642K | $404K | $196K | $107K | $111K | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $186K | $434K | $315K | $266K | $246K | $128K | $180K | $195K | $93K | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 13.0% | 58.8% | 32.5% | 24.7% | 27.7% | 24.0% | 47.9% | 64.5% | 45.6% | - | - | - | - | - |
| Research and Development | $614K | $415K | $540K | $573K | $512K | $390K | $200K | $49K | $15K | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.7M | $1.75M | $1.43M | $1.99M | $2.07M | $1.38M | $772K | $238K | $321K | $73K | $22K | $130K | $45K | $41K |
| Other | $0 | $525K | $299K | -$7K | $0 | $0 | $0 | $89K | $0 | $0 | -$4K | $0 | $0 | $0 |
| Total Operating Expenses | $2.31M | $2.69M | $2.27M | $2.55M | $2.58M | $1.77M | $972K | $173K | $321K | $73K | $18K | $130K | $45K | $46K |
| Operating Income (EBIT) | -$2.13M | -$1.66M | -$1.96M | -$2.29M | -$2.33M | -$1.65M | -$792K | -$173K | -$321K | -$73K | -$18K | -$130K | -$45K | -$46K |
| Operating Margin | -148.6% | -225.2% | -202.3% | -213.2% | -262.8% | -311.2% | -210.8% | -57.1% | -158.0% | - | - | - | - | - |
| Interest Expense | $298K | $187K | $207K | $88K | $30K | $40K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $20K | $0 | $33K | $24K | $18K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$204K | -$215K | -$244K | -$81K | -$15K | $58K | -$3.32M | -$14K | -$136K | $0 | $1 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$2.33M | -$1.88M | -$2.2M | -$2.37M | -$2.35M | -$1.6M | -$4.11M | -$225K | -$321K | -$73K | -$18K | -$130K | -$45K | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$13K | -$13K | $0 | $0 | $0 | $0 | $46K |
| Net Income | -$2.33M | -$1.88M | -$2.2M | -$2.37M | -$2.35M | -$1.6M | -$4.11M | -$225K | -$321K | -$73K | -$18K | -$130K | -$45K | -$46K |
| Net Income Margin | -162.9% | -254.3% | -227.5% | -220.8% | -264.5% | -300.3% | -1093.6% | -74.5% | -158.0% | - | - | - | - | - |
| Supplementary Data | ||||||||||||||
| EPS | -0.13 | -0.21 | -0.41 | -0.48 | -0.55 | -0.48 | -2.50 | -0.25 | -0.40 | -0.15 | -0.07 | -0.39 | -0.24 | -0.50 |
| Diluted EPS | -0.13 | -0.21 | -0.41 | -0.48 | -0.55 | -0.48 | -2.50 | -0.25 | -0.40 | -0.15 | -0.07 | -0.39 | -0.24 | -0.50 |
| Weighted Average OS | 25.39M | 12.50M | 7.61M | 7.00M | 6.02M | 4.67M | 2.35M | 1.28M | 1.14M | 693,126 | 386,017 | 463,220 | 259,319 | 128,686 |
| EBITDA | -$1.7M | -$1.93M | -$1.7M | -$2.13M | -$2.23M | -$1.57M | -$4.05M | -$95K | -$172K | $13K | -$18K | -$130K | -$45K | -$46K |
| EBITDA Margin | -118.9% | -260.9% | -175.2% | -198.5% | -251.1% | -296.3% | -1077.4% | -31.5% | -84.7% | - | - | - | - | - |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2012-05-31 | 2011-05-31 | 2010-05-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $671K | $79K | $0 | $258K | $1.22M | $3.71M | $893K | $12K | $237K | $463K | $12K | $146K | $262K | $23K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $671K | $79K | $0 | $258K | $1.22M | $3.71M | $893K | $12K | $237K | $463K | $12K | $146K | $262K | $23K |
| Accounts Receivable | $475K | $294K | $78K | $208K | $158K | $92K | $158K | $4K | $14K | $2K | $0 | $16K | $8K | $0 |
| Inventory | $553K | $190K | $154K | $188K | $110K | $71K | $167K | $70K | $19K | $0 | $0 | $0 | -$8K | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $43K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $1.81M | $569K | $237K | $724K | $1.67M | $3.91M | $1.23M | $28K | $251K | $464K | $12K | $165K | $282K | $44K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $1.28M | $967K | $1.1M | $1.11M | $616K | $482K | $186K | $18K | $29K | $14K | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $773 | $2K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $350K | $21K | $0 | $0 | $0 | $0 | -$18K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $1.28M | $1.32M | $1.12M | $1.12M | $619K | $482K | $186K | $18K | $29K | $14K | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$18K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3.09M | $1.88M | $1.36M | $1.84M | $2.29M | $4.39M | $1.42M | $28K | $279K | $479K | $12K | $165K | $282K | $44K |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $559K | $657K | $719K | $281K | $163K | $100K | $66K | $900 | $33K | $52K | $0 | $0 | $0 | $0 |
| Short-Term Debt | $263K | $828K | $232K | $129K | $120K | $111K | $132K | $231K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $79K | $79K | $0 | -$66K | -$231K | -$101K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $948K | -$620K | $0 | $0 | $1K | $7K | $66K | -$231K | $0 | $0 | $79K | $27K | $13K | $9K |
| Total Current Liabilities | $1.77M | $1.72M | $1.61M | $732K | $566K | $400K | $323K | $18K | $44K | $126K | $79K | $27K | $13K | $9K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $729K | $239K | $1.17M | $610K | $0 | $0 | $118K | $0 | $130K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $86K | $86K | $0 | $0 | $68K | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | -$39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | -$68K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.13M | $324K | $1.25M | $630K | $45K | $68K | $205K | $131K | $130K | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$131K | -$130K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.9M | $1.89M | $2.87M | $1.36M | $612K | $536K | $567K | $18K | $44K | $126K | $79K | $27K | $13K | $9K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $17.02M | $10.16M | $10.67M | $10.67M | $9.65M | $9.64M | $5.35M | $1.05M | $1.05M | $846K | $354K | $0 | $0 | $0 |
| Retained Earnings | -$18.05M | -$11.48M | -$13.07M | -$10.87M | -$8.49M | -$6.15M | -$4.55M | -$1.08M | -$854K | -$533K | -$460K | -$255K | -$124K | -$79K |
| Comprehensive Income & Other | $1.22M | $749K | $830K | $674K | $518K | $361K | $50K | $39K | $39K | $39K | $39K | $39K | $39K | $0 |
| Other Stockholders' Equity | $1.22M | $749K | $895K | $674K | $518K | $361K | $50K | $39K | $39K | $39K | $39K | $393K | $393K | $114K |
| Total Equity | $192K | -$569K | -$1.5M | $477K | $1.67M | $3.85M | $850K | $11K | $236K | $352K | -$67K | $138K | $269K | $35K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.09M | $1.32M | $1.36M | $1.84M | $2.29M | $4.39M | $1.42M | $28K | $279K | $479K | $12K | $165K | $282K | $44K |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.39M | $1.09M | $1.42M | $785K | $188K | $198K | $354K | $361K | $232K | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $722K | $1.01M | $1.42M | $526K | -$1.03M | -$3.51M | -$539K | $349K | -$6K | -$463K | -$12K | -$146K | -$262K | -$23K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2012-05-31 | 2011-05-31 | 2010-05-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$2.33M | -$2.56M | -$2.2M | -$2.37M | -$2.35M | -$1.6M | -$4.11M | -$225K | -$321K | -$73K | -$18K | -$130K | -$45K | -$46K |
| Depreciation & Amortization | $426K | $375K | $299K | $159K | $114K | $79K | $23K | $13K | $13K | $13K | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$391K | -$149K | -$144K | -$37K | -$72K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $125K | $144K | $112K | $158K | $175K | $41K | $25K | $47K | $0 | $0 | $0 | $0 | $25K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$333K | -$55K | $100K | -$32K | -$73K | $74K | -$93K | $1K | -$12K | -$2K | $0 | $0 | $0 | $0 |
| Inventory | -$189K | -$27K | $34K | -$78K | -$13K | $17K | -$74K | -$51K | -$6K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $45K | $32K | $556K | $138K | $81K | $94K | $111K | $51K | $6K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$101K | -$108K | $824K | $113K | -$150K | -$34K | -$113K | $60K | -$41K | $58K | $23K | $0 | -$4K | $0 |
| Total Working Capital Change | -$578K | -$158K | $958K | $147K | -$155K | $151K | -$169K | $61K | -$53K | $56K | $23K | $15K | -$4K | -$9K |
| Other Non-Cash Items | $500K | $679K | $189K | $82K | $427K | $184K | $3.62M | -$38K | $12K | -$13K | -$4K | $0 | $0 | $0 |
| Net Cash from Operating | -$1.98M | -$1.54M | -$613K | -$1.88M | -$2.19M | -$1.15M | -$733K | -$201K | -$375K | -$16K | $1K | -$116K | -$49K | -$30K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$51K | -$404K | -$288K | -$654K | -$278K | -$296K | -$74K | -$24K | -$14K | -$11K | $0 | $0 | -$12K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | -$31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$18K | $31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12K | $0 |
| Net Cash from Investing | -$51K | -$404K | -$288K | -$672K | -$278K | -$296K | -$74K | -$24K | -$14K | -$11K | $0 | $0 | -$12K | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $43K | $50K | -$415K | -$683K | $29K | $189K | $162K | -$132K | -$143K | - | - | - | - | - |
| Common Stock Issuance | $2.76M | $2.09M | $0 | $1.24M | $11K | $4.99M | $1.94M | $0 | $163K | $489K | $11K | $0 | $356K | $18K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$115K | -$38K | -$35K | -$336K | $11K | -$540K | -$134K | $6K | -$143K | $0 | $11K | $0 | -$56K | $0 |
| Net Cash from Financing | $2.6M | $2.01M | $629K | $1.59M | -$18K | $4.26M | $1.65M | $138K | $163K | $489K | $11K | $0 | $300K | $18K |
| Forex Effect | -$3K | -$9K | $0 | $0 | $0 | $0 | $40K | $71K | $294K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $568K | $58K | -$271K | -$958K | -$2.49M | $2.81M | $881K | -$225K | -$226K | $451K | $12K | -$116K | $239K | -$12K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$1.98M | -$2.04M | -$613K | -$1.88M | -$2.19M | -$1.15M | -$733K | -$201K | -$375K | -$16K | $1K | -$116K | -$49K | -$30K |
| Capital Expenditure | -$51K | -$550K | -$288K | -$654K | -$278K | -$296K | -$74K | -$24K | -$14K | -$11K | $0 | $0 | -$12K | $0 |
| Free Cash Flow | -$2.03M | -$2.59M | -$900K | -$2.53M | -$2.47M | -$1.45M | -$806K | -$225K | -$389K | -$27K | $1K | -$116K | -$61K | -$30K |
| Cash at Beginning | $80K | -$13K | $258K | $1.22M | $3.71M | $893K | $12K | $237K | $463K | $12K | $0 | $262K | $23K | $35K |
| Cash at End | $648K | $79K | -$13K | $258K | $1.22M | $3.71M | $893K | $12K | $237K | $463K | $12K | $146K | $262K | $23K |