Microsaic Systems PLC (GB:MET)
LSE:MET
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Microsaic Systems
(LSE:MET)
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Select Model
Rating:46Neutral
Price Target:
0.88 p
▼(-2.00% Downside)
Action:N/ADate:01/20/26
The score is primarily weighed down by very weak financial performance: sharp revenue contraction, negative margins, ongoing losses, and significant cash burn, despite low debt. Technicals provide some offset with positive trend/momentum, but overbought signals temper that support. Valuation is neutral due to missing P/E and dividend yield data.
Positive Factors
Low leverage reduces near-term financing risk
Very low debt materially limits interest burden and reduces near-term refinancing pressure, giving management flexibility to prioritize product development or customer support. This structural balance-sheet cushion lowers default risk and supports strategic options over the next several months.
Negative Factors
Sharp revenue contraction
A ~53% revenue decline signals severe demand, sales execution, or market penetration issues. Sustained top-line shrinkage undermines scale economics, reduces installed-base growth for aftermarket sales, and makes margin recovery and cash self-sufficiency much harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage reduces near-term financing risk
Very low debt materially limits interest burden and reduces near-term refinancing pressure, giving management flexibility to prioritize product development or customer support. This structural balance-sheet cushion lowers default risk and supports strategic options over the next several months.
Read all positive factors
Microsaic Systems (MET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.77M
Dividend YieldN/A
Average Volume (3M)680.45K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees4
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)N/A
Shares Outstanding443,239,500
10 Day Avg. Volume260,647
30 Day Avg. Volume680,450
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)7.27
Price to Sales (P/S)5.77
P/FCF Ratio-0.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Microsaic Systems Business Overview & Revenue Model
Company Description
Metir plc manufactures and sells equipment used monitoring water for toxins and pathogens in the United Kingdom, the United States, Europe, China, and internationally. The company provides compact mass spectrometers and the Modern Water MicroTox C...
How the Company Makes Money
Microsaic Systems makes money primarily by selling its mass spectrometry instruments and related analytical solutions. Revenue is generated from (1) product sales of its compact mass spectrometers and any associated modules/accessories; and (2) re...
Microsaic Systems Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 492.00K | 232.00K | 492.00K | 1.57M | 906.88K | 198.26K |
| Gross Profit | 159.97K | -125.00K | 13.00K | 949.37K | 380.65K | 99.91K |
| EBITDA | -2.72M | -1.76M | -2.31M | -2.25M | -3.19M | -2.37M |
| Net Income | -2.60M | -1.81M | -2.60M | -2.29M | -3.13M | -2.37M |
Balance Sheet | ||||||
| Total Assets | 713.00K | 1.40M | 713.00K | 3.13M | 5.16M | 1.61M |
| Cash, Cash Equivalents and Short-Term Investments | 173.00K | 188.00K | 173.00K | 1.24M | 3.46M | 397.07K |
| Total Debt | 21.00K | 19.00K | 21.00K | 56.25K | 127.34K | 53.47K |
| Total Liabilities | 569.00K | 1.22M | 569.00K | 408.08K | 581.92K | 363.43K |
| Stockholders Equity | 144.00K | 184.00K | 144.00K | 2.72M | 4.57M | 1.24M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | -1.85M | -1.07M | -2.34M | -1.94M | -2.13M |
| Operating Cash Flow | -1.04M | -1.66M | -1.06M | -2.13M | -1.60M | -2.03M |
| Investing Cash Flow | 35.00K | -175.00K | 48.00K | -211.95K | -334.22K | -96.77K |
| Financing Cash Flow | -59.00K | 1.84M | -59.00K | 121.89K | 5.01M | -97.41K |
Microsaic Systems Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £5.75M | ― | ― | ― | ― | ― | |
46 Neutral | £2.77M | ― | ― | ― | ― | ― | |
45 Neutral | £2.59M | -5.87 | ― | ― | -47.47% | 12.50% | |
42 Neutral | £3.58M | -3.81 | -47.38% | ― | ― | ― | |
41 Neutral | £1.55M | -0.28 | -586.74% | ― | 5.29% | 72.50% |
* Technology Sector Average
GB:MET
Microsaic Systems
0.63
<0.01
0.81%
GB:TIDE
Crimson Tide
87.50
25.00
40.00%
GB:SYME
Supply@ME
―
―
―
GB:CTAI
Catenae Innovation Plc
0.25
0.08
47.06%
GB:RDT
Rosslyn Data Technologies
2.10
-1.45
-40.85%
GB:AIQ
AIQ Limited
4.00
0.00
0.00%
Microsaic Systems Corporate Events
Business Operations and Strategy
Metir Plans Investor Webinar to Outline Growth Strategy and Technology Focus
Positive
Feb 24, 2026
Metir plc, a UK-headquartered provider of fast-response mobile and point-of-use water and environmental monitoring technologies, operates through its Modern Water and Microsaic Systems divisions, including specialist mobile PFAS monitoring. Its da...
Business Operations and StrategyProduct-Related Announcements
Metir Hits Key Milestone in Real-Time Pathogen Detector for Water Utilities
Positive
Feb 17, 2026
Metir plc, a specialist in fast-response water and environmental monitoring systems, is expanding its portfolio with real-time, continuous pathogen detection technology aimed at utilities, industrial users and public health markets. Its solutions,...
Business Operations and StrategyRegulatory Filings and Compliance
Metir Appoints SPARK as Nominated Adviser to Support AIM Strategy
Positive
Feb 10, 2026
Metir plc, the AIM-quoted water and environmental monitoring technology group, has appointed SPARK Advisory Partners Limited as its Nominated Adviser with immediate effect. The move strengthens the company’s corporate advisory support as it ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Metir boosts revenue tenfold as demand outstrips manufacturing capacity
Positive
Jan 13, 2026
Metir reported that trading for the year to 31 December 2025 was in line with expectations, with revenues expected to rise sharply to £1.5m from £0.23m, driven by strong international demand for its Microtox instruments and reagents, rob...
Business Operations and StrategyPrivate Placements and Financing
Metir raises £1m to accelerate water testing growth and bolster working capital
Positive
Dec 22, 2025
Metir plc has completed a placing of 133,333,333 new shares at 0.75p to raise up to £1m before expenses, alongside an equal number of investor warrants exercisable at 1.5p, to strengthen its working capital and support accelerated growth towa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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