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Radial Research

CNSX:RAD
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAD
CNSX
CA$4M
Market Cap
  1. Home
  2. CA
  3. Software
Company description

Radial Research Corp. focuses on finding, developing, and implementing Internet and smart phone technology. The last earnings update was 144 days ago. More info.


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RAD Share Price and Events
7 Day Returns
0%
CNSX:RAD
0.4%
CA Software
1.2%
CA Market
1 Year Returns
-
CNSX:RAD
15.2%
CA Software
-0.4%
CA Market
RAD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Radial Research (RAD) 0% 0% 3.2% - - -
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
  • No trading data on RAD.
  • No trading data on RAD.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Radial Research 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Radial Research to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Radial Research.

CNSX:RAD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:RAD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 26.5%) (0%))
1.079
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.079 * 5.96%)
8.38%

Discounted Cash Flow Calculation for CNSX:RAD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Radial Research is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

CNSX:RAD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.38%)
2020 0.06 Est @ 11.27% 0.05
2021 0.06 Est @ 8.47% 0.05
2022 0.07 Est @ 6.51% 0.05
2023 0.07 Est @ 5.14% 0.05
2024 0.07 Est @ 4.18% 0.05
2025 0.07 Est @ 3.51% 0.05
2026 0.08 Est @ 3.04% 0.04
2027 0.08 Est @ 2.71% 0.04
2028 0.08 Est @ 2.48% 0.04
2029 0.08 Est @ 2.32% 0.04
Present value of next 10 years cash flows CA$0.00
CNSX:RAD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$0.08 × (1 + 1.95%) ÷ (8.38% – 1.95%)
CA$1.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1.31 ÷ (1 + 8.38%)10
CA$0.59
CNSX:RAD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$0.00 + CA$0.59
CA$0.59
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$0.59 / 23.24
CA$0.03
CNSX:RAD Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.03
Current discount Discount to share price of CA$0.16
= -1 x (CA$0.16 - CA$0.03) / CA$0.03
-532.3%

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

  • The current share price of Radial Research is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Radial Research's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Radial Research's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:RAD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in CAD CA$-0.01
CNSX:RAD Share Price ** CNSX (2019-09-03) in CAD CA$0.16
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 Radial Research.

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

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

= 0.16 ÷ -0.01

-12.2x

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

  • Radial Research is loss making, we can't compare its value to the CA Software industry average.
  • Radial Research is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Radial Research's expected growth come at a high price?
Raw Data
CNSX:RAD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.2x
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 Radial Research, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Radial Research's assets?
Raw Data
CNSX:RAD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in CAD CA$0.03
CNSX:RAD Share Price * CNSX (2019-09-03) in CAD CA$0.16
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:RAD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.16 ÷ 0.03

5.91x

* Primary Listing of Radial Research.

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

  • Radial Research is overvalued based on assets compared to the CA Software industry average.
X
Value checks
We assess Radial Research'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. Radial Research 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.

Future Performance

 How is Radial Research 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 Radial Research 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 Radial Research expected to grow at an attractive rate?
  • Unable to compare Radial Research's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Radial Research's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Radial Research's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:RAD 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:RAD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:RAD Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-02-28 0 0
2018-11-30 0 0
2018-05-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Radial Research is high growth as no earnings estimate data is available.
  • Unable to determine if Radial Research 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:RAD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Radial Research Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:RAD Past Financials Data
Date (Data in CAD Millions) EPS *
2019-02-28 -0.01
2018-11-30 -0.01
2018-05-31 -0.02

*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 Radial Research will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Radial Research's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Radial Research'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. Radial Research'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 Radial Research'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.
Radial Research 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.

Past Performance

  How has Radial Research 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 Radial Research'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.
  • Radial Research does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Radial Research's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Radial Research's 1-year growth to the CA Software industry average as it is not currently profitable.
Earnings and Revenue History
Radial Research'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 Radial Research Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:RAD Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 -0.26 0.10 0.11
2018-11-30 -0.26 0.07 0.14
2018-05-31 -0.15 0.01 0.11

*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 Radial Research has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Radial Research 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 Radial Research improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Radial Research'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.
Radial Research 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.

Health

 How is Radial Research'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 Radial Research's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Radial Research is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Radial Research has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Radial Research'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.
  • Radial Research has no debt, it does not need to be 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 Radial Research Company Filings, last reported 6 months ago.

CNSX:RAD Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 0.63 0.00 0.47
2018-11-30 0.67 0.00 0.55
2018-05-31 0.36 0.00 0.16
  • Radial Research has no debt.
  • Radial Research has not taken on any debt in the past 5 years.
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 Radial Research has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Radial Research has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -168.4% per year.
X
Financial health checks
We assess Radial Research'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. Radial Research has a total score of 6/6, 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.

Dividends

 What is Radial Research'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 Radial Research dividends.
If you bought CA$2,000 of Radial Research 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 Radial Research's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Radial Research'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:RAD 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 Radial Research has not reported any payouts.
  • Unable to verify if Radial Research's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Radial Research's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Radial Research 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 Radial Research'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 Radial Research afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Radial Research 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.

Management

 What is the CEO of Radial Research'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
Pete Smith
COMPENSATION CA$10,476
AGE 49
TENURE AS CEO 2.7 years
CEO Bio

Mr. Peter Michael Smith, also known as Pete, Co-founded First Source Resources Inc. in 2005 and served as its Chief Executive Officer since October 20, 2005 and also served as its President. Mr. Smith serves as Chief Executive Officer at Radial Research Corp since 2017 and has been its Director since June 26, 2017. He serves as President at Radial Research Corp. since 2017 and serves as its Corporate Secretary. He Co-founded DGM Minerals Corp. in 2010. Mr. Smith has been Chief Executive Officer and President at Legion Metals Corp. since March 31, 2017 and its Director since December 15, 2016. Mr. Smith has been Vice President of Corporate Development at Less Mess Storage Inc since May 2014. He served as the Chief Executive Officer and President of Less Mess Storage Inc. (alternate name DGM Minerals Corp.) September 21, 2010 until May 2014. Mr. Smith served as Vice President of Corporate Affairs at Magnus International Resources Inc., from February 2005 to June 23, 2006. He served as President of Apple Capital Inc. from April 17, 2007 to November 12, 2007. He served as a Consultant of Magnus International Resources Inc. He served as the President of Magnus International Resources Inc. until January 2001. In June 2000, Mr. Smith founded the Wrestle-plex Sports Entertainment Group, Ltd. From January 2004 to March 2004, he was an Associate lawyer at Stikemen Elliott LLP. From September 2002 to September 2003, Mr. Smith was attorney of Debevoise & Plimption in New York City. He is a lawyer with over 10 years' experience. He served as Chairman of Less Mess Storage Inc. He served as the Chairman of First Source Resources Inc. and served as its Director since October 20, 2005. He has been a Director of DGM Minerals Corp. since September 21, 2010. He served as a Director of Palatine Capital Corp. He served as a Director of Apple Capital Inc. from April 17, 2007 to November 9, 2010. He served as a Director of Amicus Capital Corp. He served as a Director of Magnus International Resources Inc., from May 4, 2004 to June 23, 2006. He served as a Director of P&P Ventures Inc. and of Digital Shelf Space Corp (MOVIT Media Corp). From January 2001 to January 2002, he worked as a law clerk at the Supreme Court of Canada for the honorable Justice Louise Arbour. He has also been teaching Criminology and Criminal Law at Simon Fraser University as a sessional instructor since January, 2002. He has been a Member of Advisory Board at Veritas Pharma Inc. since February 10, 2016. Mr. Smith attained a Bachelor of Laws degree from the University of British Columbia in 1999, a Masters degree from Cambridge University in the United Kingdom in 1997 and a Bachelor of Arts degree from Simon Fraser University in December 1995.

CEO Compensation
  • Insufficient data for Pete to compare compensation growth.
  • Pete's remuneration is lower than average for companies of similar size in Canada.
Management Team

Pete Smith

TITLE
President
COMPENSATION
CA$10K
AGE
49
TENURE
2.7 yrs

Charles Ackerman

TITLE
CFO & Director
COMPENSATION
CA$16K
AGE
28
Board of Directors Tenure

Average tenure and age of the Radial Research board of directors in years:

1.5
Average Tenure
45.5
Average Age
  • The average tenure for the Radial Research board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pete Smith

TITLE
President
COMPENSATION
CA$10K
AGE
49
TENURE
2.3 yrs

Charles Ackerman

TITLE
CFO & Director
COMPENSATION
CA$16K
AGE
28
TENURE
1.5 yrs

David Johnson

TITLE
Independent Director
AGE
50
TENURE
1.3 yrs

Guy Pinsent

TITLE
Independent Director
AGE
42
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
30. Oct 18 Buy Peter Smith Individual 30. Oct 18 30. Oct 18 187,000 CA$0.10 CA$18,700
X
Management checks
We assess Radial Research'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. Radial Research 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.

News

Simply Wall St News

Do Institutions Own Radial Research Corp. (CNSX:RAD) Shares?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Radial Research is not a large company by global standards. … See our latest analysis for Radial Research CNSX:RAD Ownership Summary, August 1st 2019 What Does The Lack Of Institutional Ownership Tell Us About Radial Research? … Insider Ownership Of Radial Research The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Company Info

Description

Radial Research Corp. focuses on finding, developing, and implementing Internet and smart phone technology. The company develops online and download technologies and services, including software, web-sites, and smartphone applications. It is developing Movie Method, a smart phone-based language training and translation application that uses traditional language training methods. The company was formerly known as 1124538 B.C. Ltd. and changed its name to Radial Research Corp. in March 2018. Radial Research Corp. was incorporated in 2017 and is based in Vancouver, Canada.

Details
Name: Radial Research Corp.
RAD
Exchange: CNSX
Founded: 2017
CA$3,718,110
23,238,189
Website: http://
Address: Radial Research Corp.
1090 West Georgia Street,
Suite 600,
Vancouver,
British Columbia, V6E 3V7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX RAD Common Shares Canadian National Stock Exchange CA CAD 29. Oct 2018
Number of employees
Current staff
Staff numbers
0
Radial Research employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:28
End of day share price update: 2019/09/03 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/05/31


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.