Detailed financial statements for None (HYFT): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
MindWalk Holdings Corp. functions as an innovative bio-native artificial intelligence firm. Its core mission involves leveraging the synergy of AI, comprehensive multi-omics data, and sophisticated laboratory investigations to accelerate the identification and advancement of biological therapeutics. Utilizing its proprietary LensAI platform and HYFT technology, the company forges partnerships with pharmaceutical and biotechnology enterprises.
Analysis Summary
None reported revenue of $15.3M in the most recent fiscal year, growing at a 5-year CAGR of -3.1%.
Balance sheet quality for HYFT: current ratio of 2.8, net cash position of $7.8M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M | $5.4M | $10.9M | $14.7M | $17.9M | $19.4M | $20.7M | $24.5M | $24.5M | $15.3M |
| Cost of Revenue | $1.2M | $3.0M | $5.6M | $15.3M | $6.4M | $8.4M | $9.1M | $12.5M | $11.0M | $6.3M |
| Gross Profit | $1.4M | $2.5M | $5.3M | -$576292 | $11.5M | $11.0M | $11.6M | $12.1M | $13.5M | $9.0M |
| Research & Development | $660408 | $509248 | $485845 | $467292 | $2.0M | $7.7M | $14.1M | $4.0M | $4.9M | $4.9M |
| Selling, General & Admin | $2.0M | $5.8M | $8.1M | $3.2M | $13.3M | $18.1M | $19.0M | $19.1M | $19.0M | $18.9M |
| Operating Expenses | $2.8M | $7.4M | $11.5M | $3.7M | $15.7M | $27.7M | $37.2M | $25.8M | $25.7M | $23.7M |
| Operating Income | -$1.4M | -$4.9M | -$6.2M | -$4.3M | -$4.2M | -$16.7M | -$25.6M | -$13.8M | -$12.2M | -$14.7M |
| EBITDA | -$5.4M | -$4.3M | -$4.0M | -$1.2M | -$1.4M | -$12.0M | -$21.0M | -$22.9M | -$28.9M | -$13.1M |
| Interest Expense | $16775 | $84222 | $858323 | $736272 | $602372 | $85000 | $30000 | $19000 | $9914 | 0 |
| Pre-tax Income | -$5.5M | -$5.1M | -$7.6M | -$5.5M | -$6.0M | -$15.8M | -$27.8M | -$28.7M | -$34.3M | -$15.3M |
| Income Tax | -$82378 | $109715 | $4788 | -$362004 | $1.3M | $861000 | -$1.2M | -$2.6M | -$4.0M | -$443097 |
| Net Income | -$5.4M | -$5.2M | -$7.6M | -$5.2M | -$7.3M | -$16.7M | -$26.6M | -$26.1M | -$30.2M | -$13.7M |
| EPS | $-1.36 | $-0.57 | $-0.61 | $-0.36 | $-0.45 | $-0.87 | $-1.07 | $-1.03 | $-0.90 | $-0.30 |
| EPS (Diluted) | $-1.36 | $-0.57 | $-0.61 | $-0.36 | $-0.45 | $-0.87 | $-1.07 | $-1.03 | $-0.90 | $-0.30 |
| Shares Outstanding (Diluted) | $4.0M | $9.1M | $12.5M | $13.6M | $16.5M | $19.7M | $24.9M | $25.6M | $33.4M | $46.4M |
Balance Sheet (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.6M | $1.8M | $5.5M | $2.6M | $41.8M | $30.0M | $8.3M | $3.5M | $10.7M | $11.3M |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | $469488 | $2.2M | $2.0M | $3.7M | $3.6M | $3.4M | $3.9M | $4.1M | $4.8M | $3.6M |
| Inventory | $58499 | $412690 | $2.1M | $818643 | $1.2M | $1.6M | $2.1M | $2.1M | $2.1M | $491168 |
| Total Current Assets | $3.3M | $4.8M | $9.9M | $7.7M | $48.9M | $37.5M | $16.8M | $11.5M | $18.8M | $16.2M |
| Property, Plant & Equipment | $644578 | $1.6M | $1.6M | $3.2M | $4.1M | $3.7M | $10.7M | $16.7M | $16.3M | $4.1M |
| Goodwill | 0 | $4.9M | $8.3M | $7.9M | $7.8M | $19.7M | $19.2M | $7.7M | $8.2M | 0 |
| Intangible Assets | 0 | $4.0M | $8.4M | $8.3M | $6.1M | $32.4M | $30.9M | $23.6M | $1.1M | 0 |
| Total Assets | $3.9M | $24.6M | $28.3M | $27.3M | $67.0M | $93.5M | $77.8M | $60.0M | $44.4M | $21.3M |
| Accounts Payable | $664447 | $2.0M | $1.6M | $1.4M | $1.3M | $4.8M | $2.5M | $4.4M | $5.3M | $4.2M |
| Short-term Debt | 0 | $187814 | $2.8M | $2.1M | $801495 | $1.3M | $822826 | 0 | 0 | $456226 |
| Total Current Liabilities | $836915 | $4.3M | $7.2M | $7.9M | $6.1M | $9.3M | $5.9M | $8.1M | $9.0M | $5.8M |
| Long-term Debt | 0 | $3.6M | $28717 | $503000 | $1.5M | 0 | $6.2M | 0 | 0 | 0 |
| Total Liabilities | $836915 | $11.9M | $10.3M | $12.2M | $10.0M | $18.4M | $20.0M | $26.1M | $20.8M | $9.6M |
| Retained Earnings | -$4.6M | -$9.7M | -$17.5M | -$22.5M | -$29.8M | -$46.5M | -$73.1M | -$100.3M | -$128.8M | -$142.5M |
| Total Equity | $3.1M | $12.7M | $18.1M | $15.1M | $56.9M | $75.3M | $57.8M | $33.9M | $23.6M | $11.7M |
| Total Debt | 0 | $3.8M | $2.9M | $4.5M | $4.3M | $2.8M | $14.3M | $13.7M | $13.4M | $3.5M |
| Net Debt | -$2.6M | $2.0M | -$2.5M | $1.9M | -$37.5M | -$27.2M | $6.0M | $10.2M | $2.7M | -$7.8M |
| Working Capital | $2.4M | $498377 | $2.7M | -$230325 | $42.8M | $28.2M | $10.9M | $3.4M | $9.7M | $10.4M |
Cash Flow (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -$5.4M | -$5.2M | -$7.6M | -$4.9M | -$7.3M | -$16.7M | -$26.6M | -$27.2M | -$30.2M | -$14.9M |
| Depreciation & Amortization | $50609 | $458079 | $2.3M | $3.4M | $3.7M | $3.8M | $6.7M | $5.7M | $5.1M | $1.6M |
| Stock-based Compensation | $198032 | $1.2M | $1.1M | $739011 | $2.7M | $3.1M | $1.9M | $1.5M | $445000 | 0 |
| Change in Working Capital | $380689 | -$193383 | $580640 | -$1.1M | -$1.0M | $582000 | -$3.3M | $2.4M | $276990 | -$2.0M |
| Operating Cash Flow | -$721651 | -$3.4M | -$3.2M | -$1.4M | -$600000 | -$9.9M | -$19.8M | -$4.2M | -$6.4M | -$12.3M |
| Capital Expenditure | -$530750 | -$345487 | -$645058 | -$575642 | -$1.4M | -$1.3M | -$1.5M | -$1.4M | -$799000 | -$391896 |
| Acquisitions | $141994 | -$6.8M | -$1.6M | -$1.0M | -$1.0M | -$3.7M | -$592000 | -$146000 | 0 | $14.0M |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -$90000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$1.3M | -$3.8M | -$3.9M | -$2.0M | -$2.0M | -$11.2M | -$21.3M | -$5.6M | -$7.2M | -$12.7M |
Growth & Margins (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +106.9% | +100.8% | +34.7% | +21.7% | +8.1% | +6.7% | +18.6% | +0.0% | -37.5% | |
| Net Income Growth (YoY) | +4.0% | -47.3% | +32.0% | -41.7% | -127.6% | -59.0% | +1.7% | -15.8% | +54.6% | |
| EPS Growth (YoY) | +58.1% | -7.0% | +41.0% | -25.0% | -93.3% | -23.0% | +3.7% | +12.6% | +66.7% | |
| Shares Change (YoY) | +129.9% | +37.7% | +8.7% | +20.9% | +19.5% | +26.5% | +3.0% | +30.2% | +38.9% | |
| FCF Growth (YoY) | -200.4% | -2.4% | +48.9% | -3.1% | -451.5% | -90.8% | +73.5% | -27.8% | -75.7% | |
| Gross Margin | 54.0% | 45.0% | 48.5% | -3.9% | 64.4% | 56.7% | 56.0% | 49.2% | 55.3% | 58.8% |
| Operating Margin | -52.7% | -90.6% | -57.0% | -29.1% | -23.3% | -86.1% | -123.9% | -56.1% | -49.7% | -96.0% |
| EBITDA Margin | -205.3% | -79.9% | -36.9% | -8.4% | -7.9% | -61.9% | -101.8% | -93.6% | -117.7% | -85.7% |
| Net Margin | -204.7% | -95.0% | -69.7% | -35.2% | -41.0% | -86.3% | -128.5% | -106.5% | -123.3% | -89.7% |
| FCF Margin | -47.6% | -69.1% | -35.3% | -13.4% | -11.3% | -57.7% | -103.2% | -23.0% | -29.4% | -82.7% |
| Effective Tax Rate | 1.5% | -2.2% | -0.1% | 6.5% | -22.4% | -5.4% | 4.3% | 9.0% | 11.8% | 2.9% |
Per-Share Data (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF Per Share | $-0.32 | $-0.41 | $-0.31 | $-0.14 | $-0.12 | $-0.57 | $-0.86 | $-0.22 | $-0.22 | $-0.27 |
| Dividends Per Share | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $4.0M | $9.1M | $12.5M | $13.6M | $16.5M | $19.7M | $24.9M | $25.6M | $33.4M | $46.4M |
Key Ratios (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -4.23 | -8.43 | -6.52 | -10.77 | -26.63 | -8.22 | -3.26 | -1.71 | -0.67 | -5.39 |
| P/B | 7.38 | 3.44 | 2.76 | 3.50 | 3.47 | 1.87 | 1.50 | 1.33 | 0.85 | 6.39 |
| P/S | 8.67 | 8.04 | 4.56 | 3.59 | 11.02 | 7.27 | 4.20 | 1.84 | 0.82 | 4.89 |
| Gross Margin | 54.0% | 45.0% | 48.5% | -3.9% | 64.4% | 56.7% | 56.0% | 49.2% | 55.3% | 58.8% |
| Operating Margin | -52.7% | -90.6% | -57.0% | -29.1% | -23.3% | -86.1% | -123.9% | -56.1% | -49.7% | -96.0% |
| Net Margin | -204.7% | -95.0% | -69.7% | -35.2% | -41.0% | -86.3% | -128.5% | -106.5% | -123.3% | -89.7% |
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