Tower One Wireless (TOWTF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Amounts are shown in US dollars, translated from CAD at the rate recorded for each period. Growth rates marked (CAD) are measured in CAD, the currency the company reports in, so a move in the exchange rate does not count as growth.
Newest figures come from the filing for FY2021, filed Mar 7, 2023. Each column of the statement tables below links to the filing it was taken from.
Tower One Wireless Corp (TOWTF) reported $8.4M in revenue for fiscal year 2021, up 17.1% in CAD terms from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Financial Health Signals
We do not publish a peer-relative financial health score for Tower One Wireless Corp, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Tower One Wireless Corp scores -2.94, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $25.2M against total assets of $17.1M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tower One Wireless Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Tower One Wireless Corp reported a net loss of $3.3M while operations used $4.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Tower One Wireless Corp reported an operating loss of $2.3M against $415K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Tower One Wireless Corp generated $8.4M in revenue in fiscal year 2021. This represents an increase of 17.1% in CAD terms from the prior year.
Tower One Wireless Corp's EBITDA was -$1.2M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Tower One Wireless Corp reported a net loss of $3.3M in fiscal year 2021. The change from the prior year is not meaningful, because that figure was zero or negative.
Tower One Wireless Corp earned -$0.04 per diluted share (EPS) in fiscal year 2021. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Tower One Wireless Corp recorded an outflow of $8.8M in free cash flow in fiscal year 2021, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Tower One Wireless Corp held $829K in cash against $8.0M in long-term debt as of fiscal year 2021.
Not reported for fiscal year 2021.
Margins & Returns
Tower One Wireless Corp's gross margin was 41.4% in fiscal year 2021, indicating the percentage of revenue retained after direct costs. This is down 4.4 percentage points from the prior year.
Tower One Wireless Corp's operating margin was -27.5% in fiscal year 2021, reflecting core business profitability. This is up 9.4 percentage points from the prior year.
Tower One Wireless Corp's net profit margin was -39.2% in fiscal year 2021, showing the share of revenue converted to profit. This is down 13.3 percentage points from the prior year.
Not reported for fiscal year 2021.
Capital Allocation
Tower One Wireless Corp invested $4.6M in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents an increase of 119.6% in CAD terms from the prior year.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
TOWTF Income Statement
Figures in USD, translated from CAD at the rate recorded for each period, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|
| Revenue | $8.4M+17.1% | $7.2M+68.6% | $4.2M+247.8% | $1.1M+676.4% | $160K+933.3% | $14K | N/A |
| Cost of Revenue | $4.9M+26.6% | $3.9M+71.9% | $2.2Mn/m | $0 | N/A | N/A | N/A |
| Gross Profit | $3.5M+5.9% | $3.3M+64.8% | $2.0M+62.8% | $1.1M+676.4% | $160K | N/A | N/A |
| Operating Income | -$2.3Mn/m | -$2.6Mn/m | -$6.3Mn/m | -$5.9Mn/m | -$6.1Mn/m | -$217Kn/m | -$15K |
| EBITDA | -$1.2Mn/m | -$1.7Mn/m | -$5.4Mn/m | -$5.5Mn/m | -$6.0Mn/m | -$215K | N/A |
| Interest Expense | $415K+41.8% | $293K-23.4% | $377K | N/A | N/A | N/A | N/A |
| Income Tax | $0n/m | $0-100.0% | $45Kn/m | -$229Kn/m | -$84K | N/A | N/A |
| Net Income | -$3.3Mn/m | -$1.9Mn/m | -$3.8Mn/m | -$6.7Mn/m | -$7.7Mn/m | -$217Kn/m | -$15K |
| EPS (Diluted) | -$0.04n/m | -$0.03 | -$0.10 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EPS (Basic), Diluted Shares (Avg).
TOWTF Balance Sheet
Figures in USD, translated from CAD at the rate recorded for each period, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|
| Total Assets | $17.1M+97.0% | $8.7M-30.6% | $12.3M+27.2% | $9.2M+137.3% | $4.2M+1323.6% | $277K | N/A |
| Current Assets | $5.9M+346.7% | $1.3M-42.9% | $2.3M+33.1% | $1.6M+347.6% | $397K+301.2% | $92K | N/A |
| Cash & Equivalents | $829K+763.0% | $96K+116.8% | $44K-83.6% | $254K+21.8% | $227K+2781.4% | $7K | N/A |
| Total Liabilities | $28.7M+62.7% | $17.7M-7.2% | $18.7M+89.2% | $9.4M+345.1% | $2.3M+318.0% | $514K | N/A |
| Current Liabilities | $19.0M+16.8% | $16.3M+4.0% | $15.4M+71.7% | $8.5M+407.5% | $1.8M+232.7% | $514K | N/A |
| Non-Current Liabilities | $9.7M+612.7% | $1.4M-59.5% | $3.3M+260.6% | $871K+101.8% | $470Kn/m | $0 | N/A |
| Long-Term Debt | $8.0M+7020.0% | $113K-92.0% | $1.4M+106.4% | $635K | N/A | N/A | N/A |
| Total Equity | -$11.6Mn/m | -$9.0Mn/m | -$6.4Mn/m | -$195K-111.0% | $1.9Mn/m | -$237Kn/m | -$230K |
| Retained Earnings | -$25.2Mn/m | -$19.9Mn/m | -$18.2Mn/m | -$13.9Mn/m | -$7.9Mn/m | -$233K | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill.
TOWTF Cash Flow Statement
Figures in USD, translated from CAD at the rate recorded for each period, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.2M-1460.3% | $312K-87.2% | $2.4Mn/m | -$881Kn/m | -$4.1Mn/m | -$268K-1799.3% | $15K |
| Depreciation & Amortization | $1.1M+13.9% | $988K-0.1% | $974K+188.8% | $320K+362.5% | $75K+2646.2% | $3K | N/A |
| Capital Expenditures | $4.6M+119.6% | $2.1M-26.9% | $2.8M-56.9% | $6.2M+192.2% | $2.3M+1079.9% | $182K | N/A |
| Free Cash Flow | -$8.8Mn/m | -$1.8Mn/m | -$397Kn/m | -$7.1Mn/m | -$6.4Mn/m | -$450K | N/A |
| Investing Cash Flow | -$1.6Mn/m | -$1.1Mn/m | -$2.7Mn/m | -$6.2Mn/m | -$1.6Mn/m | -$182K | N/A |
| Financing Cash Flow | $6.6M+698.4% | $822K+1304.3% | $58K-99.2% | $7.1M+30.6% | $5.9M+1107.7% | $457K | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
TOWTF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|
| Gross Margin | 41.4%-4.4pp | 45.8%-1.1pp | 46.8%-53.2pp | 100.0%0.0pp | 100.0% | N/A | N/A |
| Operating Margin | -27.5%+9.4pp | -36.9% | -151.5% | -513.6% | -3811.3% | -1504.9% | N/A |
| Net Margin | -39.2%-13.3pp | -25.9%+66.0pp | -91.9% | -585.4% | -4779.9% | -1504.9% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | -396.9% | N/A | N/A |
| Return on Assets | -19.1%+2.2pp | -21.3%+9.8pp | -31.1%+41.3pp | -72.4%+108.4pp | -180.8%-102.4pp | -78.4% | N/A |
| Current Ratio | 0.31+0.2x | 0.08-0.1x | 0.150.0x | 0.190.0x | 0.220.0x | 0.18 | N/A |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | 1.20 | N/A | N/A |
| Asset Turnover | 0.49-0.3x | 0.82+0.5x | 0.34+0.2x | 0.12+0.1x | 0.040.0x | 0.05 | N/A |
| FCF Margin | -105.3% | -24.8%-15.3pp | -9.5% | -619.2% | -4018.7% | -3113.6% | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$11.6M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.31), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Tower One Wireless Corp TOWTF | FY2021 | $8.4M | -$3.3M | -39.2% | $45K | — |
| Old Market Capital Corp OMCC | FY2025 | $9.4M | -$5.1M | -55.0% | $23.9M | — |
| Voip Pal.com Inc VPLM | FY2025 | N/A | N/A | N/A | $11.6M | — |
| Hammer Tech Holdings Corp HMMR | FY2026 | $0 | -$525K | N/A | $4.4M | — |
Where Tower One Wireless Corp Ranks
Frequently Asked Questions
Tower One Wireless Corp (TOWTF) reported $8.4M in total revenue for fiscal year 2021. This represents a 17.1% change in CAD terms compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Tower One Wireless Corp (TOWTF) revenue grew by 17.1% year-over-year in CAD, the currency it reports in. Translated at each year’s own exchange rate, it went from $7.2M to $8.4M in fiscal year 2021.
No, Tower One Wireless Corp (TOWTF) reported a net loss of $3.3M in fiscal year 2021, with a net profit margin of -39.2%.
Tower One Wireless Corp (TOWTF) had EBITDA of -$1.2M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2021, Tower One Wireless Corp (TOWTF) had $829K in cash and equivalents against $8.0M in long-term debt.
Tower One Wireless Corp (TOWTF) had a gross margin of 41.4% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.
Tower One Wireless Corp (TOWTF) had an operating margin of -27.5% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.
Tower One Wireless Corp (TOWTF) had a net profit margin of -39.2% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.
Tower One Wireless Corp (TOWTF) recorded an outflow of $8.8M in free cash flow during fiscal year 2021. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Tower One Wireless Corp (TOWTF) recorded an outflow of $4.2M in operating cash flow during fiscal year 2021, representing cash used by core business activities.
Tower One Wireless Corp (TOWTF) had $17.1M in total assets as of fiscal year 2021, including both current and long-term assets.
Tower One Wireless Corp (TOWTF) invested $4.6M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
Tower One Wireless Corp (TOWTF) had a current ratio of 0.31 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
Tower One Wireless Corp (TOWTF) had a return on assets of -19.1% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
Tower One Wireless Corp (TOWTF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2021). The market capitalization is $45K as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Tower One Wireless Corp (TOWTF) trades at 0.0x sales, its market capitalization divided by $8.4M revenue, FY2021. The market capitalization is $45K as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Tower One Wireless Corp (TOWTF) has negative shareholder equity of -$11.6M as of fiscal year 2021, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Tower One Wireless Corp (TOWTF) has an Altman Z-Score of -2.94, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Tower One Wireless Corp (TOWTF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Tower One Wireless Corp (TOWTF) reported a net loss of $3.3M while operations used $4.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Tower One Wireless Corp (TOWTF) reported an operating loss of $2.3M against $415K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.