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Medmira (MIR) AI Stock Analysis

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TSE:MIR

Medmira

(TSXV:MIR)

Select Model
Rating:55Neutral
Price Target:CAD 0.07â–²(30.91% Upside)
Action:reiterated
Date:08/22/26

The overall score reflects very weak financial health and an unattractive valuation anchored by ongoing losses and negative equity, partially offset by a constructive technical setup with the price trading above key moving averages and showing moderate positive momentum.

Positive Factors
Revenue ReboundThe TTM revenue rebound indicates materially stronger product demand and market activity. If sustained, higher sales can improve operating leverage and support scale across healthcare and public-health customers, although profitability conversion remains unproven.
Negative Factors
Persistent UnprofitabilityDeeply negative gross margin and continuing operating and net losses show that revenue growth has not yet translated into viable unit economics. Without sustained gross-profit improvement, future scale could increase losses rather than create durable earnings.

Medmira (MIR) vs. iShares MSCI Canada ETF (EWC)

-30%-20%-10%0%10%20%30%TSE:MIR-21.43%EWC+20.47%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 38.60M
Dividend Yield
―
Average Volume (3M)
82.43K
Price to Earnings (P/E)
-12.5
Beta (1Y)
0.78
Revenue Growth
45.72%
EPS Growth
35.82%
Country
Canada
Employees
52
Sector
General
Sector Strength
55
Industry
Biotechnology

Medmira Business Overview & Revenue Model

Company Description

MedMira Inc. is a biotechnology company focused on the research, development, manufacturing, and global commercialization of rapid diagnostic solutions and related technology platforms. Its operations span North America, Europe, the Asia Pacific regi...

How the Company Makes Money

MedMira makes money primarily by selling diagnostic test kits and related consumables built on its RVF rapid testing platform. Revenue is generated when customers (e.g., clinics, hospitals, laboratories, government/public health agencies, and distrib...

Medmira Financial Statement Overview

Summary

Strong revenue growth is offset by persistent losses, negative equity, and continued cash burn, resulting in a weak but slightly improving overall financial profile.

Income Statement

24Negative

Balance Sheet

18Very Negative

Cash Flow

21Negative
Financial statement breakdown
BreakdownTTMOct 2025Oct 2024Oct 2023Oct 2022Oct 2021
Income Statement
Total Revenue370.57K240.51K412.57K432.53K952.13K2.14M
Gross Profit-1.66M-990.25K226.49K-434.91K304.03K1.72M
EBITDA-1.75M-3.13M-2.13M-1.58M-1.07M185.30K
Net Income-2.99M-4.52M-3.33M-2.68M-1.83M-675.80K
Balance Sheet
Total Assets3.40M3.68M6.07M3.65M3.83M3.89M
Cash, Cash Equivalents and Short-Term Investments014.91K2.10M13.18K33.46K-2.30M
Total Debt17.42M10.71M9.56M9.27M8.30M11.54M
Total Liabilities27.92M26.24M24.11M18.68M16.19M19.61M
Stockholders Equity-24.52M-22.56M-18.04M-15.03M-12.36M-15.72M
Cash Flow
Free Cash Flow-1.19M-3.15M-3.68M-1.27M-1.95M-541.19K
Operating Cash Flow-1.19M-3.15M-2.94M-1.27M-1.88M-504.64K
Investing Cash Flow0-7,468-742.53K-1,267-69.72K-36.55K
Financing Cash Flow1.17M1.07M5.77M1.25M1.99M139.32K

Medmira Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.06

Price Trends

50DMA0.06Negative
100DMA0.06Negative
200DMA0.06Negative

Market Momentum

MACD-0.00Negative
RSI54.90Neutral
STOCH133.33Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MIR, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MIR.

Medmira Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:MIR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:COVTSE:COV79OutperformCAD 121.24M27.0815.04%―4.11%88.39%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:MIRTSE:MIR55NeutralCAD 38.60M-12.5012.68%―45.72%35.82%
TSE:MBXTSE:MBX52NeutralCAD 41.78M-8.36-18.83%―-27.13%-1752.63%
TSE:NRXTSE:NRX51NeutralCAD 37.71M-4.52-337.24%――19.02%
TSE:DTCTSE:DTC44NeutralCAD 25.50M-2.81-424.91%――-54.70%
TSE:SVATSE:SVA41NeutralCAD 41.54M-3.7457.10%――48.06%

* General Sector Average

Performance Comparison

-50%0%50%100%TSE:MIRTSE:COVTSE:MBXTSE:SVATSE:NRXTSE:DTCDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:MIR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:MIRMedmira Inc0.06-0.02-21.43%
TSE:COVCovalon Technologies4.262.27114.07%
TSE:MBXMicrobix Biosystms0.290.0520.41%
TSE:SVASernova Corp0.11-0.03-18.52%
TSE:NRXNurexone Biologic Inc.0.49-0.22-30.99%
TSE:DTCDefence Therapeutics Inc0.34-0.47-58.13%
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.

Date of analysis: Aug 22, 2026