Mary Agrotechnologies (MARY) AI Stock Analysis

• Market Cap: C$1.30M
• Dividend Yield: N/A
• Average Volume (3M): 343.00
• Price to Earnings (P/E): ―
• Beta (1Y): -6.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 43,247,925
• 10 Day Avg. Volume: 629
• 30 Day Avg. Volume: 343
• PEG Ratio: 0.48
• Price to Book (P/B): -15.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -777.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: C$0.03 ▼(-60.00% Downside)
• Action: Downgraded Date: 03/17/26
• Date: Action: Downgraded 03/17/26

The score is driven primarily by very weak financial performance (zero revenue, ongoing losses and cash burn, and negative equity) combined with strongly bearish technicals (price below all major moving averages and very weak momentum). Valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Low reported debt / lower near-term debt pressure

Zero reported debt in the most recent years reduces near-term interest and covenant risk, giving management more optionality to restructure operations or seek equity funding without immediate debt-service constraints. This durable reduction in leverage eases short-term solvency strain even if other weaknesses remain.

Improved cash burn in 2025

A materially smaller cash outflow in the latest annual period signals that cost reductions or operational scaling have reduced funding needs. Sustained lower cash burn extends runway, improves the feasibility of a turnaround plan and reduces near-term external financing dependency, a meaningful structural improvement if maintained.

Narrowing absolute losses in 2025

Significantly smaller losses indicate management has been able to cut costs or improve operating efficiency. While tied to weaker revenue, a persistent trend of narrowing losses demonstrates progress toward cost discipline and improved margin sustainability potential if revenue recovery eventually occurs.

Negative Factors

Revenue collapsed to zero

A complete collapse to zero reported revenue is a structural red flag: it indicates the commercial base has failed or been lost, undermining the core business model. Without demonstrable revenue generation, long-term recovery requires rebuilding product-market fit or new revenue streams, a difficult and time-consuming process.

Negative equity / eroded capital base

Negative equity reflects accumulated losses that have eroded shareholder capital, creating solvency risk and limiting access to traditional debt financing. This structural weakness constrains strategic options, increases the likelihood of dilution if equity is raised, and weakens stakeholder confidence over the medium term.

Persistent negative operating and free cash flow

Chronic negative operating and free cash flow mean the company cannot self-fund operations and must rely on external financing or asset sales. This ongoing cash deficit represents a durable vulnerability: it raises refinancing, dilution, or liquidity risk and limits the firm's ability to invest in growth or competitive positioning.

Mary Agrotechnologies Business Overview & Revenue Model

Company Description

Mary Agrotechnologies Inc., an agriculture technology company, develops and distributes home growing automated machines and commercial containers for various herbs and vegetables worldwide. It also plans, establishes, and operates container farms. The company was incorporated in 2017 and is headquartered in Markham, Canada.

Mary Agrotechnologies Financial Statement Overview

Summary

Financial profile is highly distressed: revenue has declined to zero (2025 annual), losses and negative operating/free cash flow persist, and the balance sheet shows negative equity in 2024–2025. Lower losses and reduced cash burn in the latest year are not enough to offset the collapse in revenue and weakened capital base.

Income Statement

Operating performance remains highly challenged. Revenue has contracted sharply over time, culminating in zero revenue in 2025 (annual) after a multi-year decline, indicating a materially weakened commercial base. Profitability is consistently negative, with recurring operating and net losses across all periods; while the absolute loss narrowed significantly in 2025 versus 2024, this improvement is largely alongside the collapse in revenue rather than a clear return to healthy margins. Overall, the income statement shows persistent inability to generate sustainable gross profit and earnings.

Balance Sheet

The balance sheet shows elevated solvency risk driven by negative equity in the most recent two annual periods (2024 and 2025), which is a major red flag and suggests accumulated losses have eroded the capital base. Total debt is reported as zero in 2024–2025, which reduces near-term debt pressure, but the small asset base in 2025 (total assets of 9,750) limits financial flexibility. Earlier years show meaningful leverage (e.g., 2020 debt higher than equity), followed by a deterioration into negative equity, keeping overall balance sheet quality weak despite low reported debt recently.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are negative in every year provided, indicating the business is not self-funding. The cash burn has improved materially in 2025 (annual) versus 2024 (much smaller cash outflow), but free cash flow remains negative and the multi-year pattern points to ongoing reliance on external funding or balance sheet shrinkage. Cash flow tracks net losses closely (free cash flow roughly in line with net income), which signals losses are translating into real cash outflows rather than being mostly non-cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	65.00	0.00	18.06K	49.91K	121.94K	77.23K
Gross Profit	50.00	0.00	3.36K	7.18K	-20.83K	-71.14K
EBITDA	-57.82K	-70.85K	-197.32K	-872.19K	-1.37M	-1.46M
Net Income	-58.78K	-70.85K	-232.50K	-939.48K	-1.45M	-1.55M
Balance Sheet
Total Assets	8.70K	9.75K	21.38K	261.88K	1.16M	2.43M
Cash, Cash Equivalents and Short-Term Investments	1.11K	1.04K	1.50K	170.19K	534.63K	1.74M
Total Debt	0.00	0.00	0.00	93.91K	135.87K	166.37K
Total Liabilities	157.57K	167.37K	110.74K	121.23K	189.52K	421.81K
Stockholders Equity	-148.87K	-157.62K	-89.36K	140.65K	973.22K	2.01M
Cash Flow
Free Cash Flow	-10.05K	-3.06K	-94.10K	-319.61K	-1.18M	-1.37M
Operating Cash Flow	-10.05K	-3.06K	-94.10K	-319.61K	-1.14M	-1.35M
Investing Cash Flow	0.00	0.00	0.00	0.00	-39.91K	-29.12K
Financing Cash Flow	2.60K	2.60K	-74.63K	-44.84K	-34.30K	2.97M

Mary Agrotechnologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLS	72 Outperform	C$42.60B	40.24	44.13%	―	25.34%	109.17%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
EDY	43 Neutral	C$11.25M	-32.58	―	―	26.56%	94.17%
MARY	39 Underperform	C$1.30M	-33.56	―	―	―	―
YNV	37 Underperform	C$16.76M	-4.69	-155.37%	―	-21.98%	-32.07%