Micromem Technologies (MRM) AI Stock Analysis

• Market Cap: C$35.06M
• Dividend Yield: N/A
• Average Volume (3M): 237.65K
• Price to Earnings (P/E): 44.7
• Beta (1Y): 0.52
• Revenue Growth: N/A
• EPS Growth: 76.58%
• Country: CA
• Employees: 3
• Sector: Technology
• Sector Strength: 78
• Industry: Semiconductors
• EPS (TTM): >-0.01
• Shares Outstanding: 584,366,100
• 10 Day Avg. Volume: 129,634
• 30 Day Avg. Volume: 237,649
• PEG Ratio: -0.11
• Price to Book (P/B): -3.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.94
• Enterprise Value/Market Cap: 0.54
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: 13.11
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• 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.

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
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-539.00K	-582.00K	-1.04M	-934.00K	-1.10M	-704.00K
	EBITDA
-260.10K	-597.00K	-1.05M	-958.00K	-1.10M	-704.00K
	Net Income Common Stockholders
-1.20M	-3.06M	-2.69M	-2.29M	-1.01M	-1.25M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
155.90K	125.70K	31.58K	33.23K	171.40K	191.48K
	Total Assets
319.16K	282.71K	168.35K	99.52K	225.29K	278.03K
	Total Debt
3.91M	3.95M	3.66M	3.92M	2.57M	3.16M
	Net Debt
3.75M	3.82M	3.63M	3.89M	2.39M	2.97M
	Total Liabilities
6.28M	7.01M	5.01M	4.85M	3.70M	4.47M
	Stockholders Equity
-5.96M	-6.72M	-4.84M	-4.75M	-3.47M	-4.19M
Cash Flow		Free Cash Flow
-614.82K	-625.92K	-1.09M	-997.03K	-768.04K	-760.57K
	Operating Cash Flow
-614.82K	-625.92K	-1.08M	-997.03K	-762.77K	-760.57K
	Investing Cash Flow
0.00	0.00	-2.04K	0.00	-5.27K	0.00
	Financing Cash Flow
736.53K	720.04K	1.08M	858.86K	747.96K	906.00K

Micromem Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 26.27 is Positive, neither overbought nor oversold. The STOCH value of 61.11 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 *	62 Neutral	$11.80B	10.08	-7.46%	2.99%	7.37%	-8.21%
MRM	27 Underperform	C$35.06M	44.74		―	―	76.58%
POET		$351.14M	―	-236.10%	―	―	―
SPVNF		$1.14M	―	-9999.00%	―	―	―
DEFI	52 Neutral	C$51.06M	9.33	42.14%	―	109.65%	-22.41%
QNCCF		$192.41M	―	-89.82%	―	―	―
MHUB	57 Neutral	C$38.57M	―	-244.21%	―	51.52%	50.73%

Micromem Technologies Corporate Events

Micromem Technologies Advances Biochemical Sensor Project with Strategic Collaboration

Micromem Technologies Inc. has finalized a Research Collaboration Agreement with the University of Toronto and the Department of National Defence for the development of a Nanowire Field Effect Transistor Biochemical Sensor. This project aims to create portable, low-cost, and efficient sensors for both civilian and military applications, with potential uses in environmental monitoring, national security, and healthcare. The collaboration is expected to enhance Micromem’s capabilities in constructing measurement systems for various applications, potentially benefiting multiple Canadian industries and contributing to environmental and financial prosperity.