Some of them are in out of favor sectors. Some are perpetual money losers. Others are simply flying under the radar. Whatever the circumstance, the Canadian tech stocks listed below have gobs of cash when compared to their market caps. We look at the top fifteen.
Data is based on the closing price as of Friday, November 20th 2009. Cash and short term investment positions are current to each company’s most recent quarter. We have excluded companies with less than a million dollars in Cash and Short Term investments. % indicates the percentage of Cash and Short Term investments said company reported in its most recent quarter and is compared to its market capitalization on November 20th, 2009.
Top 15: Cashed up Canadian Tech Stocks
1. Jemtec (TSXV:JTC) 214%
Market Cap: $1.68 million
Cash and Short Term Investments: $3.6 million
Was the last Q profitable? No, Jemtec lost $0.04 cents per share
2. Envoy Capital Group (TSX:ECG) 178%
Market Cap: $10.6 million.
Cash and Short Term investments: $18.9 million.
Was the last Q profitable? No, Envoy lost .21 cents per share.
3. Espial (TSX:ESP) 147%
Market Cap: $6.06 million
Cash and STI: $8.89 million
Was the last Q profitable? No, Espial lost .07 cents per share.
4. Belzberg Technologies (TSX:BLZ) 143%
Market Cap: $12.9 million
Cash and STI: $18.5 million
Was the last Q profitable? No, Belzberg lost .16 cents per share.
5. Look Communications (TSX:LOK.A)111%
Market Cap: $16.17 million
Cash and STI: $18.05 million
Was the last Q profitable? Yes, Look earned .36 cents per share in Q3 2009
6. Decision Dynamics Technology (TSXV:DDY) 88.6%
Market Cap: $3.25 million
Cash and STI: $2.88 million
Was the last Q profitable? Yes, the company earned .01 cent per share.
7. Chartwell Technologies (TSX:CWH) 88%
Market Cap: $22.1 million
Cash and STI $19.5 million
Was the last Q profitable? No, Chartwell lost .05 cents per share.
8. RDM Corp: (TSX:RC) 81%
Market Cap: $20.8 million
Cash and STI: $16.9 million
Was the last Q profitable? Yes, RDM earned .01 cent per share.
9. Advent Wireless: (TSXV:AWI) 79.7%
Market Cap: $9.07 million
Cash and STI: $7.23 million
Was the last Q profitable? Yes, Advent earned 0.026 cents per share.
10. Intrinsyc Software (TSX:ICS) 78%
Market Cap: $13.6 million
Cash and STI: $10.6 million
Was the last Q profitable? No, Intrinsyc posted a narrow loss of $215,743
(U.S.)
11. Burntsand (TSX:BRT) 67.2%
Market Cap: $5.45 million
Cash and STI: $3.66 million
Was the last Q profitable? No, Burntsand posted a narrow loss of $140,446
12. March Networks (TSX:MN) 66.5%
Market Cap: $68.1 million
Cash and STI: $45.3 million
Was the last Q profitable? No, March Networks lost .03 cents per share.
13. Serenic (TSXV:SER) 66%
Market Cap: $5.31 million
Cash and STI $3.49 million
Was the last Q profitable? Yes, Serenic earned .03 cents per share.
14. Opel International (TSXV:OPL) 57%
Market Cap: $19.3 million
Cash and STI: $10.96 million
Was the last Q profitable? No, Opel lost .05 cents per share.
15. International DataCasting (TSX:IDC) 54.1%
Market Cap: $13.3 million
Cash and STI: $7.19 million
Was the last Q profitable? No, IDC lost .01 cent per share.
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View Comments
MN- Is a steal,cash position has increased to $51 million,with the dunkin donut lauch in 2010.
This Co. is 1 quarter away from being profitable and in a business that is getting bigger by the day.
Big Brother is watching more than ever and this will continue to become bigger in this world we live in.
It is a double from here.
Kenner