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Added to YB: 2026-10-14

Pitch date: 2026-09-30

FCLX.V [bullish]

FCL-X Fire & Safety Inc.

-21.05%

current return

Author Info

Atrium Research provides institutional quality research on underfollowed public equities. Sign up for the newsletter.

Company Info

FCL-X Fire & Safety Inc. manufactures and sells lithium-ion battery fire extinguishing agents primarily in the United States and Canada.

Market Cap

CAD 25.8M

Pitch Price

CAD 0.38

Price Target

0.60 (+100%)

Dividend

N/A

EV/EBITDA

-6.71

P/E

-5.34

EV/Sales

61.41

Sector

Chemicals

Category

growth

Show full summary:
FCL-X Fire & Safety – Stamp of Approval from Kia Georgia Order

FCLX.V (hold): FCL-X’s integrated safety order from Kia Georgia is viewed as product validation and a potential template for other automakers and industries; the C$0.60/share target is maintained. FY27 revenue is modeled at $3.1M, up 241% YoY, with 62% gross margin. Q3 revenue rose 264% to $0.2M, while adjusted EBITDA remained negative at $0.7M; neither the order’s value nor term was disclosed.

Read full article (3 min)