Micromem Technologies (MRM) AI Stock Analysis

• Market Cap: C$24.28M
• Dividend Yield: N/A
• Average Volume (3M): 142.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: N/A
• EPS Growth: -542.11%
• Country: CA
• Employees: 3
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): >-0.01
• Shares Outstanding: 607,024,000
• 10 Day Avg. Volume: 61,390
• 30 Day Avg. Volume: 142,411
• PEG Ratio: -1.82
• Price to Book (P/B): -4.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -48.55
• 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: 27 Underperform
• Price Target: ―

Micromem Technologies' overall score is low due to significant financial challenges, including no revenue and high debt levels, indicating financial distress. While technical indicators show some potential for stabilization, the negative valuation metrics further impact the score. However, the strategic collaboration project offers a positive outlook by potentially opening new markets and enhancing technological capabilities.

Positive Factors

Strategic Collaboration

The strategic collaboration on a biochemical sensor project could open new markets and enhance technological capabilities, providing long-term growth potential and diversification into civilian and military applications.

Innovative Product Development

Developing innovative sensor technologies for diverse applications can strengthen Micromem's market position and attract new clients, supporting sustainable revenue growth over time.

Market Expansion Potential

Expanding capabilities in measurement systems can lead to broader market reach and increased adoption of Micromem's technologies across multiple industries, fostering long-term business growth.

Negative Factors

Financial Instability

The lack of revenue and negative earnings highlight operational struggles, threatening long-term viability and necessitating urgent strategic changes to achieve financial stability.

High Debt Levels

High debt and negative equity suggest financial instability, limiting the company's ability to invest in growth opportunities and posing risks to long-term solvency.

Negative Cash Flow

Negative cash flow indicates reliance on external funding, which may not be sustainable long-term without revenue improvements, impacting the company's financial health and growth prospects.

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 industry segments, including defense, life sciences, automotive, consumer, and mining. The company was formerly known as Avanti Corp International Inc. and changed its name to Micromem Technologies Inc. in January 1999. Micromem Technologies Inc. was incorporated in 1985 and is headquartered in Toronto, Canada.

How the Company Makes Money

Micromem Technologies generates revenue through the development and sale of its proprietary sensor-based solutions. The company's primary revenue streams include direct sales of sensor technologies to industrial clients, licensing of its technology to third-party manufacturers, and potential royalties from patented technologies. Additionally, Micromem often engages in strategic partnerships and collaborations with larger companies to co-develop products or to embed its sensors into complementary technologies, further expanding its market reach and revenue potential. These partnerships can result in joint ventures or long-term contracts that provide consistent revenue streams. The company also benefits from research and development grants and funding, which support the continuous innovation and enhancement of its sensor technologies.

Micromem Technologies Financial Statement Overview

Summary

Micromem Technologies is facing significant financial challenges, with no revenue and negative EBIT and net income. High debt and negative equity indicate financial instability and potential solvency risks, necessitating urgent strategic changes.

Income Statement

Micromem Technologies has reported no revenue over the past years, leading to negative EBIT and net income. This indicates consistent operational challenges and lack of sales generation, severely impacting profitability and growth prospects.

Balance Sheet

The company's negative stockholders' equity and high debt levels are concerning, as indicated by an unsustainable debt-to-equity ratio. The equity deficit suggests financial instability and potential solvency risks.

Cash Flow

Operating and free cash flows remain negative, though financing cash flows provide some liquidity. The company shows a reliance on external funding, which may not be sustainable long-term without revenue improvements.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-5.75K	0.00	0.00	0.00	0.00	0.00
EBITDA	-2.56M	-597.00K	-1.05M	-958.00K	-1.10M	-704.00K
Net Income	-3.56M	-3.06M	-2.69M	-2.29M	-1.01M	-1.25M
Balance Sheet
Total Assets	377.36K	282.71K	168.35K	99.52K	225.29K	278.03K
Cash, Cash Equivalents and Short-Term Investments	187.18K	125.70K	31.58K	33.23K	171.40K	191.48K
Total Debt	4.29M	3.95M	3.66M	3.92M	2.57M	3.16M
Total Liabilities	6.62M	7.01M	5.01M	4.85M	3.70M	4.47M
Stockholders Equity	-6.24M	-6.72M	-4.84M	-4.75M	-3.47M	-4.19M
Cash Flow
Free Cash Flow	-1.10M	-625.92K	-1.09M	-997.03K	-768.04K	-760.57K
Operating Cash Flow	-1.10M	-625.92K	-1.08M	-997.03K	-762.77K	-760.57K
Investing Cash Flow	-2.73K	0.00	-2.04K	0.00	-5.27K	0.00
Financing Cash Flow	1.21M	720.04K	1.08M	858.86K	747.96K	906.00K

Micromem Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRM, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.00 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MRM.

Micromem Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CTRL	47 Neutral	C$35.96M	-3.90	―	―	-24.81%	-131.85%
LQWD	45 Neutral	C$34.79M	-5.24	-21.52%	―	782.42%	-63.88%
MRM	27 Underperform	C$24.28M	-4.76	―	―	―	-542.11%

Micromem Technologies Corporate Events

Micromem Plans Private Placement and Issues New Stock Options

Micromem Technologies plans to raise up to CAD $330,000 through a non-brokered private placement of units priced at CAD $0.05, each consisting of one common share and a one-year warrant exercisable at CAD $0.06, with proceeds earmarked for working capital and debt settlement and all securities subject to a four‑month hold and regulatory approval. The company is also issuing 5.9 million stock options to directors, officers and employees at CAD $0.05 per share, vesting immediately and expiring in 2030, replacing options that lapsed in November 2025 and aiming to support balance-sheet liquidity while maintaining equity-based incentives for key personnel.

Micromem Technologies Advances Collaborative Sensing Projects and Commercial Initiatives

Micromem Technologies has provided an update on its collaborative project with the University of Toronto and the Department of National Defence, focusing on gas and liquid sensing technologies, which is progressing on schedule. The company is also engaged in ongoing discussions with Chevron and plans to submit a revised proposal to NATO DIANA in 2026, indicating its continued efforts to expand its technological innovations and commercial engagements.