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Braille Energy Systems

BES.V
Electrical Equipment & Parts · Industrials
Price
C$0.04
+0.00 (+0.00%)
Market Cap
C$4.1M
Exchange
Toronto Stock Exchange Ventures
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+51.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 65.7M (2021) → 99.3M (2025)

Winston Score History

The full picture

Braille Energy Systems Inc. is a small Canadian company that develops portable power and energy storage products. Its core focus is on lightweight lithium battery systems and power solutions, targeting customers in motorsports, marine, and specialty vehicle markets. The company trades on the TSX Venture Exchange, reflecting its early-stage status in the broader electrical equipment industry.

Braille Energy makes money by selling its battery and power products directly to consumers and businesses. It operates primarily in North America, and with a market cap near zero, it is a very small company still in an early growth phase. The negative gross and operating margins show the company is currently spending more than it earns, which is a significant financial risk — it will need to grow revenue substantially or cut costs to reach profitability. The key challenge ahead is scaling sales fast enough to cover its operating expenses before it runs out of funding.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-20.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$238,624/ year

Declining (-32% vs prior year)

7.6% of revenue

1.9x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

4.7%ownership

Relatively low insider ownership

Cash Runway

~1 months

C$95,126 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Braille Energy Systems has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
9.8%
Thin — 9.8% gross margin
Profit after running costs
Operating Margin
-30.8%
Losing money on operations — -30.8%
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
-17.1%
Shrinking sales (-17.1% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-15.6%
Burning cash (-15.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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