ZTEK
Zentek Ltd.
Price Chart
Latest Quote
$0.63
Current Price| Previous Close | $0.68 |
| Open | $0.71 |
| Day High | $0.71 |
| Day Low | $0.63 |
| Volume | 168,412 |
Stock Information
Note: Financial values converted from CAD to USD
| Shares Outstanding | 107.31M |
| Total Debt | $1.38M |
| Cash Equivalents | $977K |
| Revenue | $670K |
| Net Income | $-6.00M |
| Sector | Healthcare |
| Industry | Medical Instruments & Supplies |
| Market Cap | $68.10M |
| EPS (TTM) | $-0.07 |
| Exchange | NCM |
📊 Custom Metrics & Score
Score: 10/42| Debt to Equity | 0.05 |
| Debt to Earnings | 3.54 |
| Current Ratio | 1.25 |
| Quick Ratio | 0.38 |
| Avg Revenue Growth | 39.22% |
| Profit Margin | -1150.68% |
| Return on Equity | -68.07% |
| Avg FCF Growth | -11.85% |
| FCF Yield | -9.50% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $0.63 | 168,412 |
| 2026-01-30 | $0.69 | 70,500 |
| 2026-01-29 | $0.74 | 87,600 |
| 2026-01-28 | $0.76 | 77,800 |
| 2026-01-27 | $0.77 | 64,700 |
| 2026-01-26 | $0.78 | 72,300 |
| 2026-01-23 | $0.82 | 58,100 |
| 2026-01-22 | $0.84 | 47,700 |
| 2026-01-21 | $0.81 | 47,100 |
| 2026-01-20 | $0.83 | 74,800 |
| 2026-01-16 | $0.84 | 219,800 |
| 2026-01-15 | $0.87 | 43,500 |
| 2026-01-14 | $0.90 | 111,500 |
| 2026-01-13 | $0.96 | 131,200 |
| 2026-01-12 | $1.06 | 501,100 |
| 2026-01-09 | $0.87 | 131,200 |
| 2026-01-08 | $0.78 | 90,900 |
| 2026-01-07 | $0.78 | 45,900 |
| 2026-01-06 | $0.73 | 81,900 |
| 2026-01-05 | $0.73 | 44,800 |
About Zentek Ltd.
Zentek Ltd., together with its subsidiaries, engages in the research and development of graphene and related nanomaterials in Canada. The company develops graphene-based antimicrobial coatings under the ZenGUARD brand, surgical masks, HVAC filters, personal protective equipment, rapid detection point of care diagnostics tests, and pharmaceutical products based on graphene-based compounds. It also developing aptamers and rapid detection; and graphene oxide synthesis and graphene synthesis products. In addition, the company owns a 100% interest in the Albany graphite project located in Northern Ontario, Canada. The company was formerly known as ZEN Graphene Solutions Ltd. and changed its name to Zentek Ltd. in October 2021. Zentek Ltd. was incorporated in 2008 and is headquartered in Guelph, Canada.
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Income Statement (Annual)
Revenue
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $680,010 | $331,080 | $853,336 | $376,787 |
| Cost Of Revenue | $680,010 | $331,080 | $853,336 | $376,787 |
| Total Revenue | $872,495 | $29,816 | $72,855 | $339,666 |
| Operating Revenue | $872,495 | $29,816 | $72,855 | $339,666 |
Expenses
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Interest Expense | $91,323 | $107,373 | $120,624 | $63,777 |
| Total Expenses | $10,473,127 | $12,008,334 | $14,725,800 | $12,324,641 |
| Rent Expense Supplemental | $311,556 | $359,651 | $362,371 | $196,994 |
| Other Income Expense | $-444,535 | $-118,668 | $-146,121 | $-19,662,534 |
| Other Non Operating Income Expenses | $-429,991 | $37,863 | $-2,015 | $9,401 |
| Net Non Operating Interest Income Expense | $5,509 | $293,412 | $384,800 | $-46,539 |
| Total Other Finance Cost | $4,781 | $4,698 | $4,833 | $3,359 |
| Interest Expense Non Operating | $91,323 | $107,373 | $120,624 | $63,777 |
| Operating Expense | $10,473,127 | $12,008,334 | $14,725,800 | $12,324,641 |
| Other Operating Expenses | $1,359,403 | $642,207 | $1,516,330 | $600,957 |
| Selling And Marketing Expense | $105,449 | $375,554 | $368,367 | $286,497 |
| General And Administrative Expense | $7,908,270 | $8,569,502 | $10,623,678 | $9,278,188 |
Income & Earnings
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Net Interest Income | $5,509 | $293,412 | $384,800 | $-46,539 |
| Interest Income | $101,613 | $405,483 | $510,257 | $20,597 |
| Normalized Income | $-10,025,114 | $-11,548,782 | $-14,270,160 | $-12,022,113 |
| Net Income From Continuing And Discontinued Operation | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Net Income Common Stockholders | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Net Income | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Net Income Including Noncontrolling Interests | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Net Income Continuous Operations | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Pretax Income | $-10,039,658 | $-11,803,774 | $-14,414,266 | $-31,694,048 |
| Special Income Charges | $-14,544 | $-156,531 | $-144,106 | $-19,671,935 |
| Interest Income Non Operating | $101,613 | $405,483 | $510,257 | $20,597 |
| Operating Income | $-9,600,632 | $-11,978,518 | $-14,652,945 | $-11,984,975 |
| Depreciation Amortization Depletion Income Statement | $600,322 | $613,714 | $539,693 | $614,710 |
| Depreciation And Amortization In Income Statement | $600,322 | $613,714 | $539,693 | $614,710 |
| Depreciation Income Statement | $600,322 | $613,714 | $539,693 | $614,710 |
| Gross Profit | $192,485 | $-301,264 | $-780,481 | $-37,121 |
| Amortization Of Intangibles Income Statement | - | - | $539,693 | $614,710 |
| Total Operating Income As Reported | - | - | - | $-12,562,665 |
| Net Income Discontinuous Operations | - | - | - | $-26,671,935 |
Per Share Metrics
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Diluted EPS | $-0.10 | $-0.12 | $-0.14 | $-0.34 |
| Basic EPS | $-0.10 | $-0.12 | $-0.14 | $-0.34 |
Other
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $0 | $-1,323 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-9,333,469 | $-10,926,156 | $-13,609,843 | $-11,343,626 |
| Total Unusual Items | $-14,544 | $-156,531 | $-144,106 | $-19,671,935 |
| Total Unusual Items Excluding Goodwill | $-14,544 | $-156,531 | $-144,106 | $-19,671,935 |
| Reconciled Depreciation | $600,322 | $613,714 | $539,693 | $614,710 |
| EBITDA (Bullshit earnings) | $-9,348,013 | $-11,082,687 | $-13,753,949 | $-31,015,561 |
| EBIT | $-9,948,335 | $-11,696,401 | $-14,293,642 | $-31,630,271 |
| Diluted Average Shares | $102,977,860 | $100,503,442 | $99,436,264 | $92,091,983 |
| Basic Average Shares | $102,977,860 | $100,503,442 | $99,436,264 | $92,091,983 |
| Diluted NI Availto Com Stockholders | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Tax Provision | $0 | $-99,784 | $0 | - |
| Gain On Sale Of Ppe | $-14,544 | $-156,531 | $-9,624 | $0 |
| Other Taxes | $34,030 | $31,862 | $31,666 | $2,387 |
| Research And Development | $465,653 | $1,775,495 | $1,646,066 | $1,541,902 |
| Selling General And Administration | $8,013,719 | $8,945,056 | $10,992,045 | $9,564,685 |
| Other Gand A | $2,436,438 | $2,033,773 | $2,960,619 | $2,755,005 |
| Insurance And Claims | $354,186 | $396,657 | $358,415 | $162,641 |
| Rent And Landing Fees | $311,556 | $359,651 | $362,371 | $196,994 |
| Salaries And Wages | $4,806,090 | $5,779,421 | $6,942,273 | $6,163,548 |
| Write Off | - | $0 | $134,482 | $19,671,935 |
| Amortization | - | - | $539,693 | $614,710 |
Balance Sheet (Annual)
Assets
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Net Tangible Assets | $14,749,447 | $20,173,211 | $30,384,202 | $41,549,061 |
| Total Assets | $18,396,185 | $22,585,056 | $33,288,876 | $44,984,520 |
| Total Non Current Assets | $14,028,292 | $16,336,103 | $15,335,867 | $13,025,421 |
| Other Non Current Assets | $1,294,339 | $1,293,789 | - | - |
| Current Assets | $4,367,893 | $6,248,953 | $17,953,009 | $31,959,099 |
| Assets Held For Sale Current | $1,878,107 | $0 | - | - |
| Prepaid Assets | $278,051 | $465,758 | $1,193,969 | $1,012,363 |
| Inventory | $887,509 | $1,421,982 | $2,849,073 | $665,572 |
| Receivables | $1,202,745 | $839,793 | $3,552,650 | $3,606,164 |
| Other Receivables | $3,333 | $88,142 | $151,440 | - |
| Taxes Receivable | $345,422 | $174,158 | $172,496 | $341,789 |
| Accrued Interest Receivable | $62 | $32,791 | $238,614 | $0 |
| Loans Receivable | $0 | $543,263 | $2,983,642 | $2,950,000 |
| Accounts Receivable | $853,928 | $1,439 | $6,458 | $314,375 |
| Gross Accounts Receivable | $853,928 | $1,439 | $106,458 | - |
| Cash Cash Equivalents And Short Term Investments | $121,481 | $3,521,420 | $10,357,317 | $26,675,000 |
| Cash And Cash Equivalents | $121,481 | $3,521,420 | $10,357,317 | $26,675,000 |
| Cash Equivalents | $0 | $3,000,000 | $10,200,000 | $200,000 |
| Cash Financial | $121,481 | $521,420 | $157,317 | $26,475,000 |
| Allowance For Doubtful Accounts Receivable | - | $0 | $-100,000 | $0 |
Debt
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Net Debt | $225,266 | - | - | - |
| Total Debt | $680,474 | $1,242,583 | $1,612,200 | $2,230,872 |
| Long Term Debt And Capital Lease Obligation | $161,737 | $592,841 | $484,856 | $1,130,625 |
| Current Debt And Capital Lease Obligation | $518,737 | $649,742 | $1,127,344 | $1,100,247 |
| Current Debt | $346,747 | $498,613 | $998,080 | $950,930 |
| Other Current Borrowings | $346,747 | $498,613 | $998,080 | $950,930 |
| Long Term Debt | - | $259,114 | - | $998,070 |
Liabilities
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $3,646,738 | $2,411,845 | $2,904,674 | $3,435,459 |
| Total Non Current Liabilities Net Minority Interest | $161,737 | $592,841 | $484,856 | $1,130,625 |
| Current Liabilities | $3,485,001 | $1,819,004 | $2,419,818 | $2,304,834 |
| Payables And Accrued Expenses | $2,966,264 | $1,169,262 | $1,292,474 | $1,204,587 |
| Payables | $2,526,918 | $541,311 | $911,477 | $1,044,587 |
| Total Tax Payable | $520,000 | $0 | - | - |
| Income Tax Payable | $427,000 | $0 | - | - |
| Accounts Payable | $2,006,918 | $541,311 | $911,477 | $1,044,587 |
| Current Deferred Liabilities | - | - | - | $0 |
| Other Current Liabilities | - | - | - | - |
Equity
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Common Stock Equity | $14,749,447 | $20,173,211 | $30,384,202 | $41,549,061 |
| Total Equity Gross Minority Interest | $14,749,447 | $20,173,211 | $30,384,202 | $41,549,061 |
| Stockholders Equity | $14,749,447 | $20,173,211 | $30,384,202 | $41,549,061 |
| Other Equity Interest | $9,125,400 | $10,688,829 | $10,828,111 | $8,234,041 |
| Retained Earnings | $-83,853,121 | $-76,621,563 | $-66,198,308 | $-52,179,246 |
Other
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $104,390,928 | $100,819,577 | $99,533,982 | $99,248,058 |
| Share Issued | $104,390,928 | $100,819,577 | $99,533,982 | $99,248,058 |
| Tangible Book Value | $14,749,447 | $20,173,211 | $30,384,202 | $41,549,061 |
| Invested Capital | $15,096,194 | $20,930,938 | $31,382,282 | $43,498,061 |
| Working Capital | $882,892 | $4,429,949 | $15,533,191 | $29,654,265 |
| Capital Lease Obligations | $333,727 | $484,856 | $614,120 | $281,872 |
| Total Capitalization | $14,749,447 | $20,432,325 | $30,384,202 | $42,547,131 |
| Capital Stock | $89,477,168 | $86,105,945 | $85,754,399 | $85,494,266 |
| Common Stock | $89,477,168 | $86,105,945 | $85,754,399 | $85,494,266 |
| Long Term Capital Lease Obligation | $161,737 | $333,727 | $484,856 | $132,555 |
| Current Capital Lease Obligation | $171,990 | $151,129 | $129,264 | $149,317 |
| Current Accrued Expenses | $439,346 | $627,951 | $380,997 | $160,000 |
| Net PPE | $12,733,953 | $15,042,314 | $15,335,867 | $13,025,421 |
| Accumulated Depreciation | $-2,340,046 | $-1,762,113 | $-1,260,110 | $-843,753 |
| Gross PPE | $15,073,999 | $16,804,427 | $16,595,977 | $13,869,174 |
| Leases | $354,705 | $354,705 | $354,705 | $258,831 |
| Construction In Progress | $52,709 | $52,709 | $1,946,048 | $2,439,710 |
| Other Properties | $8,414,859 | $8,231,645 | $7,959,788 | $7,478,223 |
| Machinery Furniture Equipment | $6,064,840 | $6,100,375 | $4,270,443 | $1,627,417 |
| Land And Improvements | $186,886 | $2,064,993 | $2,064,993 | $2,064,993 |
| Properties | $0 | $0 | $0 | $0 |
| Inventories Adjustments Allowances | - | - | $0 | - |
| Finished Goods | - | - | $430,543 | $188,477 |
| Raw Materials | - | - | $2,418,530 | $477,095 |
| Buildings And Improvements | - | - | - | $1,965,018 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Free Cash Flow | $-6,467,053 | $-8,643,545 | $-15,229,804 | $-12,291,480 |
Operating Activities
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Operating Cash Flow | $-6,282,441 | $-8,051,589 | $-12,956,870 | $-7,988,872 |
| Cash Flow From Continuing Operating Activities | $-6,282,441 | $-8,051,589 | $-12,956,870 | $-7,988,872 |
| Operating Gains Losses | $14,544 | $156,531 | $9,624 | - |
Investing Activities
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Capital Expenditure | $-184,612 | $-591,956 | $-2,272,934 | $-4,302,608 |
| Investing Cash Flow | $358,651 | $1,881,162 | $-2,306,576 | $-7,252,608 |
| Cash Flow From Continuing Investing Activities | $358,651 | $1,881,162 | $-2,306,576 | $-7,252,608 |
| Net Other Investing Changes | $543,263 | $2,463,118 | $-33,642 | $-2,950,000 |
| Capital Expenditure Reported | $-183,214 | $-271,857 | $0 | $-316,698 |
| Cash From Discontinued Investing Activities | - | - | - | $-316,698 |
Financing Activities
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Issuance Of Capital Stock | $3,069,950 | $0 | $0 | $35,343,352 |
| Financing Cash Flow | $2,523,851 | $-665,470 | $-1,054,237 | $38,824,931 |
| Cash Flow From Continuing Financing Activities | $2,523,851 | $-665,470 | $-1,054,237 | $38,824,931 |
| Net Other Financing Charges | $-216,490 | $-408,853 | - | $-1,669,350 |
| Net Common Stock Issuance | $3,069,950 | $0 | $0 | $35,343,352 |
| Common Stock Issuance | $3,069,950 | $0 | $0 | $35,343,352 |
Other
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-562,109 | $-369,617 | $-1,100,237 | $-122,453 |
| End Cash Position | $121,481 | $3,521,420 | $10,357,317 | $26,675,000 |
| Beginning Cash Position | $3,521,420 | $10,357,317 | $26,675,000 | $3,091,549 |
| Changes In Cash | $-3,399,939 | $-6,835,897 | $-16,317,683 | $23,583,451 |
| Proceeds From Stock Option Exercised | $232,500 | $113,000 | $46,000 | $5,273,382 |
| Net Issuance Payments Of Debt | $-562,109 | $-369,617 | $-1,100,237 | $-122,453 |
| Net Long Term Debt Issuance | $-562,109 | $-369,617 | $-1,100,237 | $-122,453 |
| Long Term Debt Payments | $-562,109 | $-369,617 | $-1,100,237 | $-122,453 |
| Net PPE Purchase And Sale | $-1,398 | $-310,099 | $-2,272,934 | $-3,985,910 |
| Sale Of PPE | $0 | $10,000 | $0 | - |
| Purchase Of PPE | $-1,398 | $-320,099 | $-2,272,934 | $-3,985,910 |
| Change In Working Capital | $1,475,970 | $914,889 | $-2,395,328 | $-1,356,425 |
| Change In Payables And Accrued Expense | $1,797,002 | $-15,549 | $-17,377 | $831,484 |
| Change In Prepaid Assets | $187,707 | $728,211 | $-181,606 | $-985,522 |
| Change In Inventory | $397,476 | $-70,251 | $-2,183,501 | $-665,572 |
| Change In Receivables | $-906,215 | $272,478 | $-12,844 | $-536,815 |
| Stock Based Compensation | $1,529,934 | $1,786,453 | $3,203,407 | $4,726,840 |
| Provisionand Write Offof Assets | $136,447 | $203,553 | $100,000 | $0 |
| Depreciation Amortization Depletion | $600,322 | $613,714 | $539,693 | $614,710 |
| Depreciation And Amortization | $600,322 | $613,714 | $539,693 | $614,710 |
| Gain Loss On Sale Of PPE | $14,544 | $156,531 | $9,624 | $0 |
| Net Income From Continuing Operations | $-10,039,658 | $-11,703,990 | $-14,414,266 | $-31,694,048 |
| Other Non Cash Items | - | $-22,739 | - | $19,720,051 |
| Depreciation | - | $613,714 | $539,693 | $614,710 |
| Amortization Cash Flow | - | - | $539,693 | $614,710 |
| Amortization Of Intangibles | - | - | $539,693 | $614,710 |