With an average share price appreciation of 64% YTD, the Canadian healthcare stocks and tech stocks on our list are the top performers with positive net income
SmallCapPower | November 24, 2016: It is difficult for healthcare-related companies to make money in a country (Canada) where everything is funded by the government, as there is only so much the government can spend. However, there are some companies that can turn the corner and make money. While the Canadian healthcare stocks and tech stocks on our list today aren’t pulling in hundreds of millions of dollars, they are posting profits that have increased substantially over the last fiscal periods.
CRH Medical Corp. (TSE:CRH) – $8.02
Medical Equipment, Supplies & Distribution
CRH Medical Corporation, formerly Medsurge Medical Products Corp., is a healthcare products and services company that operates through segments, including the sale of medical products and the provision of anesthesia services. The Company specializes in the treatment of hemorrhoids utilizing its treatment protocol and technology. The Company also provides anesthesiology services to gastroenterologists in the southeastern United States through its subsidiaries.
- Market Cap: $581.09(mm)
- YTD Price PCT Change: 95.6%
- Net Income After Taxes (FY0, CAD, Millions): $4.51
- YoY % Chg in Net Income After Taxes (FY0, CAD): 159%
CIBT Education Group Inc. (TSE:MBA) – $0.51
Business Support Services
CIBT Education Group Inc is a Canada-based education and student-housing investment company focused on the global education market. It owns and operates a network of business, technical and language colleges in North America and Asia. Its business operations include education, media communications, income producing property and real estate development. It offers cooperative joint programs with campuses, offices and training centers. It has the following business units/segments: CIBT School of Business & Technology Corp. (CIBT), Sprott-Shaw Degree College Corp. (SSDC), IRIX Design Group Inc. (IRIX) and Global Education City Holdings Inc. (GEC).
- Market Cap: $34.67(mm)
- YTD Price PCT Change: 85.5%
- Net Income After Taxes (FY0, CAD, Millions): $6.00
- YoY % Chg in Net Income After Taxes (FY0, CAD): 449%
Immunotec Inc. (CVE:IMM) – $0.39
Immunotec Inc. is a Canada-based company that develops, manufactures, markets and sells research-driven nutritional products through direct-to-consumer sales channels in Canada, the United States and Mexico. The Company also subcontracts certain distribution logistics and manufacturing capacity activities in the United States, Europe and Mexico to support its activities. It manufactures and sells natural health products, dietary supplements and cosmetics, and sells them under a network marketing business model.
- Market Cap: $27.26(mm)
- YTD Price PCT Change: 41.8%
- Net Income After Taxes (FY0, CAD): $4.04
- YoY % Chg in Net Income After Taxes (FY0, CAD): 250%
Tecsys Inc. (TSE:TCS) – $9.99
Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations. It offers various services, such as project management, customer support, training and technical services.
- Market Cap: $123.03(mm)
- YTD Price PCT Change: 35.5%
- Net Income After Taxes (FY0, CAD, Millions): $4.80
- YoY % Chg in Net Income After Taxes (FY0, CAD): 217%