Micromem Technologies Inc (TSE:MRM)
:MRM
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Micromem Technologies
(MRM)
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Rating:41Neutral
Price Target:
C$0.04
▼(-5.00% Downside)
Action:ReiteratedDate:03/24/26
The score is driven down primarily by very weak financial performance (no revenue, persistent losses/cash burn, negative equity and high leverage vs. assets). Technicals are also weak with the stock below major moving averages, while valuation is constrained by negative earnings and no dividend. Recent financings provide some liquidity support but reinforce ongoing funding and dilution risk.
Positive Factors
Diversified industrial sensor focus
Micromem’s core expertise in sensor-based solutions across oil & gas, utilities, automotive and healthcare provides durable demand exposure to industrial automation and IoT trends. Multi-industry applicability reduces single-market risk and supports multiple paths to commercialization over months.
Negative Factors
No reported revenue; recurring losses
The absence of reported revenue and recurring TTM net losses indicate the company has not yet proven commercial traction. This structural profitability gap constrains reinvestment, delays scaling, and makes achieving sustained operating margins dependent on successful product commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified industrial sensor focus
Micromem’s core expertise in sensor-based solutions across oil & gas, utilities, automotive and healthcare provides durable demand exposure to industrial automation and IoT trends. Multi-industry applicability reduces single-market risk and supports multiple paths to commercialization over months.
Read all positive factors
Micromem Technologies (MRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.91M
Dividend YieldN/A
Average Volume (3M)142.41K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue GrowthN/A
EPS Growth-542.11%
CountryCA
Employees3
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)N/A
Shares Outstanding622,646,000
10 Day Avg. Volume61,390
30 Day Avg. Volume142,411
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)-3.41
Price to Sales (P/S)0.00
P/FCF Ratio-14.41
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
Micromem Technologies Business Overview & Revenue Model
Company Description
Micromem Technologies Inc., through its subsidiary, Micromem Applied Sensor Technology, Inc., develops and markets customized sensor applications based on its proprietary technology in Canada and internationally. It serves companies in various ind...
How the Company Makes Money
Micromem Technologies generates revenue by collaborating with industrial and commercial partners to develop and integrate customized sensor-based systems. These systems are often designed to improve operational efficiency, reduce costs, or enhance...
Micromem Technologies Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
8
Very Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -16.60K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 327.33K | -597.00K | -1.05M | -958.00K | -1.10M |
| Net Income | -668.13K | -3.06M | -2.69M | -2.29M | -1.01M |
Balance Sheet | |||||
| Total Assets | 308.34K | 282.71K | 168.35K | 99.52K | 225.29K |
| Cash, Cash Equivalents and Short-Term Investments | 250.05K | 125.70K | 31.58K | 33.23K | 171.40K |
| Total Debt | 3.53M | 3.95M | 3.66M | 3.92M | 2.57M |
| Total Liabilities | 5.91M | 7.01M | 5.01M | 4.85M | 3.70M |
| Stockholders Equity | -5.60M | -6.72M | -4.84M | -4.75M | -3.47M |
Cash Flow | |||||
| Free Cash Flow | -1.32M | -625.92K | -1.09M | -997.03K | -768.04K |
| Operating Cash Flow | -1.32M | -625.92K | -1.08M | -997.03K | -762.77K |
| Investing Cash Flow | -2.73K | 0.00 | -2.04K | 0.00 | -5.27K |
| Financing Cash Flow | 1.45M | 720.04K | 1.08M | 858.86K | 747.96K |
Micromem Technologies Technical Analysis
Neutral
0.04
Price Trends
0.04
Positive
0.04
Negative
0.05
Negative
Market Momentum
<0.01
Negative
51.17
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRM, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.17 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MRM.
Micromem Technologies Risk Analysis
Micromem Technologies disclosed 9 risk factors in its most recent earnings report. Micromem Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Micromem Technologies 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% | |
46 Neutral | C$45.78M | -2.67 | 499.39% | ― | -24.81% | -131.85% | |
44 Neutral | C$29.00M | -3.37 | -23.29% | ― | 782.42% | -63.88% | |
41 Neutral | C$24.91M | -10.73 | ― | ― | ― | -542.11% | |
40 Underperform | C$45.30M | -3.37 | ― | ― | ― | ― |
* Technology Sector Average
TSE:MRM
Micromem Technologies
0.04
-0.03
-42.86%
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Micromem Technologies Corporate Events
Business Operations and StrategyProduct-Related Announcements
Micromem Advances Liquid-Phase Nanowire Sensor Toward Medical and Defence Markets
Positive
Mar 30, 2026
Micromem Technologies has reported significant progress in its liquid-phase sensor program under a research collaboration with the University of Toronto and Canada’s Department of National Defence, advancing a nanowire field-effect transisto...
Business Operations and StrategyPrivate Placements and Financing
Micromem Raises C$327,778 in Non-Brokered Private Placement for Working Capital
Positive
Jan 27, 2026
Micromem Technologies Inc. has closed a non-brokered private placement, raising approximately C$327,778 through the issuance of 6,555,555 units priced at C$0.05 per unit, each comprising one common share and one warrant exercisable at C$0.06 for o...
Private Placements and Financing
Micromem Raises C$327,778 in Private Placement Tranche for Working Capital
Neutral
Jan 14, 2026
Micromem Technologies has closed a tranche of its previously announced non-brokered private placement, raising approximately C$327,778 through the issuance of 6,555,555 units priced at C$0.05, each consisting of one common share and a one-year war...
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.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.