Loading...

We've got a brand new version of Simply Wall St! Try it out

BLOK Technologies

CNSX:BLK
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLK
CNSX
CA$1M
Market Cap
  1. Home
  2. CA
  3. Software
Company description

BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
BLK Share Price and Events
7 Day Returns
-33.3%
CNSX:BLK
0.4%
CA Software
1.2%
CA Market
1 Year Returns
-81.8%
CNSX:BLK
15.2%
CA Software
-0.4%
CA Market
BLK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BLOK Technologies (BLK) -33.3% -50% -33.3% -81.8% -92.9% -
CA Software 0.4% 1.8% 2.3% 15.2% 73.7% 159%
CA Market 1.2% 3.3% 0.8% -0.4% 7.4% 4.5%
1 Year Return vs Industry and Market
  • BLK underperformed the Software industry which returned 15.2% over the past year.
  • BLK underperformed the Market in Canada which returned -0.4% over the past year.
Price Volatility
BLK
Industry
5yr Volatility vs Market

BLK Value

 Is BLOK Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether BLOK Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as BLOK Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for BLOK Technologies. This is due to cash flow or dividend data being unavailable. The share price is CA$0.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BLOK Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BLOK Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:BLK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.01
CNSX:BLK Share Price ** CNSX (2019-09-19) in CAD CA$0.01
Canada Software Industry PE Ratio Median Figure of 17 Publicly-Listed Software Companies 26.47x
Canada Market PE Ratio Median Figure of 540 Publicly-Listed Companies 14.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BLOK Technologies.

CNSX:BLK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:BLK Share Price ÷ EPS (both in CAD)

= 0.01 ÷ -0.01

-0.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BLOK Technologies is loss making, we can't compare its value to the CA Software industry average.
  • BLOK Technologies is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does BLOK Technologies's expected growth come at a high price?
Raw Data
CNSX:BLK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Software Industry PEG Ratio Median Figure of 8 Publicly-Listed Software Companies 2.82x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.95x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BLOK Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BLOK Technologies's assets?
Raw Data
CNSX:BLK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$-0.01
CNSX:BLK Share Price * CNSX (2019-09-19) in CAD CA$0.01
Canada Software Industry PB Ratio Median Figure of 88 Publicly-Listed Software Companies 2.92x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.44x
CNSX:BLK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:BLK Share Price ÷ Book Value per Share (both in CAD)

= 0.01 ÷ -0.01

-1.05x

* Primary Listing of BLOK Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BLOK Technologies has negative assets, we can't compare the value of its assets to the CA Software industry average.

Next steps:

  1. Take a look at our analysis of BLK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through BLOK Technologies's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Software industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess BLOK Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. BLOK Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BLK Future Performance

 How is BLOK Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BLOK Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.2%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BLOK Technologies expected to grow at an attractive rate?
  • Unable to compare BLOK Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BLOK Technologies's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare BLOK Technologies's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:BLK Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Software Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
Canada Software Industry Revenue Growth Rate Market Cap Weighted Average 15.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:BLK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:BLK Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 4 -1
2019-03-31 -1 -2
2018-12-31 -2 -4
2018-09-30 0 -8 -4
2018-06-30 0 -6 -3
2018-03-31 0 -2 -2
2017-12-31 -1 -1
2017-09-30 0 -1 -1
2017-06-30 0 -1 -1
2017-03-31 0 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BLOK Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if BLOK Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:BLK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BLOK Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BLK Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.01
2019-03-31 -0.04
2018-12-31 -0.07
2018-09-30 -0.11
2018-06-30 -0.12
2018-03-31 -0.09
2017-12-31 -0.05
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BLOK Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BLK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. BLOK Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. BLOK Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess BLOK Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BLOK Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BLK Past Performance

  How has BLOK Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BLOK Technologies's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BLOK Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare BLOK Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare BLOK Technologies's 1-year growth to the CA Software industry average as it is not currently profitable.
Earnings and Revenue History
BLOK Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BLOK Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BLK Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -0.88 -0.11 0.07
2019-03-31 -2.18 1.60 0.31
2018-12-31 -3.52 2.09 0.46
2018-09-30 -0.02 -4.27 4.42 0.36
2018-06-30 -0.01 -3.49 3.62 0.39
2018-03-31 0.00 -2.30 1.97 0.15
2017-12-31 -0.98 1.51
2017-09-30 0.02 -0.77 0.53
2017-06-30 0.01 -0.83 0.57
2017-03-31 0.00 -0.81 0.58
2016-12-31 -0.81 0.59
2016-09-30 -0.61 0.54
2016-06-30 -0.45 0.41
2016-03-31 -0.32 0.29
2015-12-31 -0.21 0.19
2015-09-30 -0.05 0.03
2015-06-30 -0.05 0.03
2014-12-31 -0.03 0.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if BLOK Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if BLOK Technologies has efficiently used its assets last year compared to the CA Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if BLOK Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess BLOK Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BLOK Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BLK Health

 How is BLOK Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BLOK Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BLOK Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BLOK Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BLOK Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • BLOK Technologies has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BLOK Technologies Company Filings, last reported 2 months ago.

CNSX:BLK Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -0.59 0.16 0.01
2019-03-31 -0.53 0.15 0.01
2018-12-31 -0.44 0.16 0.01
2018-09-30 3.63 0.07 0.03
2018-06-30 4.31 0.00 0.23
2018-03-31 0.82 0.00 0.16
2017-12-31 0.83 0.00 0.57
2017-09-30 -0.66 0.45
2017-06-30 -0.61 0.46 0.02
2017-03-31 -0.52 0.46 0.02
2016-12-31 -0.42 0.44 0.01
2016-09-30 -0.04 0.25 0.09
2016-06-30 0.12 0.23 0.27
2016-03-31 0.27 0.00 0.08
2015-12-31 0.38 0.06 0.42
2015-09-30 -0.03 0.01 0.00
2015-06-30 -0.03 0.01 0.00
2014-12-31 -0.03 0.01 0.00
  • BLOK Technologies has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if BLOK Technologies's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making BLOK Technologies has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making BLOK Technologies has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.8% per year.
X
Financial health checks
We assess BLOK Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BLOK Technologies has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BLK Dividends

 What is BLOK Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from BLOK Technologies dividends.
If you bought CA$2,000 of BLOK Technologies shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate BLOK Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BLOK Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:BLK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Software Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as BLOK Technologies has not reported any payouts.
  • Unable to verify if BLOK Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BLOK Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BLOK Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BLOK Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BLOK Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BLOK Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BLK Management

 What is the CEO of BLOK Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jamie Hyland
COMPENSATION CA$68,000
AGE 54
TENURE AS CEO 1.8 years
CEO Bio

Mr. James Hyland, also known as Jamie, B.Comm., serves as President and Chief Executive Officer at BLOK Technologies Inc. He served as Interim President of BLOK Technologies Inc. since January 7, 2019. He served as a Director of New Point Exploration Corp. from August 2018 to August 22, 2018. Mr. Hyland was Vice President of Corporate Development at BLOK Technologies Inc. since October 23, 2017. Mr. Hyland serves as Vice President of Corporate Development at Stamper Oil & Gas Corp. (formerly, Panorama Petroleum Inc.). Mr. Hyland served as Interim Chief Executive Officer of Aida Minerals Corp Mr. Hyland serves as the Founding Partner of Tribeca. He has been Director of Resolve Ventures Inc. since January 5, 2018. He served as the Chief Financial Officer of CoreComm Solutions Inc. (formerly Venza Gold Corp.) from December 2, 2013 to April 15, 2014 and also served as its Principal Accounting Officer until April 15, 2014. Mr. Hyland has experience as a financial and marketing consultant, a corporate founder and manager of a number of early stage public and private Canadian businesses. Mr. Hyland has an extensive network of contacts within the financial community including brokers, fund managers, industry analysts and media, throughout North America, the United Kingdom and continental Europe. Mr. Hyland served as a Vice President of North American Sales at Dutton Associates, LLC. Mr. Hyland’s industry expertise includes hospitality, publishing, financial services, technology, mining, alternative energy and healthcare appliances. He has also worked with a major mining and resource publication based in Vancouver BC. He serves as the Chairman of Sierra Coastal Partners Inc. He has been Director of Universal Copper Ltd. (Tasca Resources Ltd.) since November 20, 2017. He has been a Director of BLOK Technologies Inc. since January 12, 2018. He served as a Director of CoreComm Solutions Inc. until April 15, 2014. Mr. Hyland earned a Bachelor of Commerce in Entrepreneurial Management from Royal Roads University of Victoria, BC. Canada.

CEO Compensation
  • Jamie's compensation has increased whilst company is loss making.
  • Jamie's remuneration is lower than average for companies of similar size in Canada.
Management Team

Jamie Hyland

TITLE
President
COMPENSATION
CA$68K
AGE
54
TENURE
1.8 yrs

Yari Nieken

TITLE
CFO & Director
COMPENSATION
CA$75K
AGE
35
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the BLOK Technologies board of directors in years:

1.6
Average Tenure
42
Average Age
  • The average tenure for the BLOK Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jamie Hyland

TITLE
President
COMPENSATION
CA$68K
AGE
54
TENURE
1.7 yrs

Yari Nieken

TITLE
CFO & Director
COMPENSATION
CA$75K
AGE
35
TENURE
0.9 yrs

Sashko Despotovski

TITLE
Member of Advisory Board
TENURE
1.9 yrs

Andreas Schleich

TITLE
Member of Advisory Board
TENURE
1.9 yrs

Richard Sharp

TITLE
Member of Advisory Board
TENURE
1.6 yrs

David Greenway?

TITLE
Non-Executive Independent Director
AGE
42
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by BLOK Technologies individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
03. Sep 19 Buy James Hyland Individual 16. Jul 19 16. Jul 19 1,000,000 CA$0.02 CA$20,000
01. Aug 19 Buy James Hyland Individual 02. Mar 18 02. Nov 18 233,000 CA$0.92 CA$199,627
23. Jul 19 Buy David Greenway? Individual 23. Jul 19 23. Jul 19 9,500,000 CA$0.02 CA$189,998
X
Management checks
We assess BLOK Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BLOK Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BLK News

Simply Wall St News

Investors Who Bought BLOK Technologies (CNSX:BLK) Shares A Year Ago Are Now Down 92%

BLOK Technologies hasn't yet reported any revenue yet, so it's as much a business idea as an actual business. … Investors will be hoping that BLOK Technologies can make progress and gain better traction for the business, before it runs low on cash. … But since the share price has dived -92% in the last year, it looks like some investors think it's time to abandon ship, so to speak.

Simply Wall St -

What does BLOK Technologies Inc's (CNSX:BLK) Balance Sheet Tell Us About Its Future?

The direct benefit for BLOK Technologies Inc (CNSX:BLK), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is BLK will have to adhere to stricter debt covenants and have less financial flexibility. … Does BLK's growth rate justify its decision for financial flexibility over lower cost of capital.

Simply Wall St -

BLK Company Info

Description

BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry. It is involved in the design, programming, testing, business development, and implementation of the software. The company was formerly known as Aida Minerals Corp. and changed its name to BLOK Technologies Inc. in January 2018. BLOK Technologies Inc. was incorporated in 2013 and is headquartered in North Vancouver, Canada.

Details
Name: BLOK Technologies Inc.
BLK
Exchange: CNSX
Founded: 2013
CA$1,193,843
119,384,302
Website: http://www.bloktechinc.com
Address: BLOK Technologies Inc.
221 West Esplanade Avenue,
Suite 310,
North Vancouver,
British Columbia, V7M 3J3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX BLK Common Shares Canadian National Stock Exchange CA CAD 08. Jan 2016
OTCPK BLPF.F Common Shares Pink Sheets LLC US USD 08. Jan 2016
DB 2AD Common Shares Deutsche Boerse AG DE EUR 08. Jan 2016
Number of employees
Current staff
Staff numbers
0
BLOK Technologies employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:22
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.