dynaCERT

DYA.TO

Industrial - Machinery · Industrials

Price

C$0.10

+0.00 (+0.00%)

Market Cap

C$53.4M

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Share count rising — dilution

+27.7% over 4y

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

Diluted shares outstanding: 381.3M (2021) → 486.9M (2025)

Winston Score History

The full picture

dynaCERT Inc. is a Canadian company that makes technology designed to reduce fuel consumption and emissions in diesel engines. Its main product is a hydrogen-on-demand device called HydraGEN, which splits water into hydrogen and oxygen gases and injects them into a diesel engine to help it burn fuel more cleanly. Customers include trucking fleets, construction companies, and other businesses that run large diesel-powered equipment.

The company sells its hardware devices directly to commercial and industrial customers, primarily in Canada and through distribution partners in other markets. dynaCERT is a small-cap company with a market cap around $100 million, and it holds patents on its HydraGEN technology, which provides some protection against direct copying. However, the company's deeply negative margins show it is spending far more than it earns, meaning it is not yet profitable and depends on raising outside capital to keep operating — the main risk investors face is whether the company can scale sales fast enough to reach financial sustainability.

Growth Profile

For growth stock investors

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

Revenue Growth

+203.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+4.9% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

C$651,706/ year

↑ Rising (+306% vs prior year)

101.2% of revenue

25.3x the sector average (4%)

Investing heavily in future products and technology

Insider Activity

6.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

C$5M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

dynaCERT grew revenue 203% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-446.4%

Thin — -446.4% gross margin

Profit after running costs

Operating Margin

-1026.9%

Losing money on operations — -1026.9%

Return on the money invested

ROCE

-27.5%

Weak — -27.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-57.7%

Shrinking sales (-57.7% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-1723.5%

Burning cash (-1723.5%)

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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