Micromem Technologies (MRM) AI Stock Analysis

• Market Cap: C$40.91M
• Dividend Yield: N/A
• Average Volume (3M): 72.64K
• Price to Earnings (P/E): 44.7
• Beta (1Y): 0.71
• Revenue Growth: N/A
• EPS Growth: 76.58%
• Country: CA
• Employees: 3
• Sector: Technology
• Sector Strength: 65
• Industry: Semiconductors
• EPS (TTM): >-0.01
• Shares Outstanding: 584,366,100
• 10 Day Avg. Volume: 103,962
• 30 Day Avg. Volume: 72,645
• PEG Ratio: 0.02
• Price to Book (P/B): -4.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -62.75
• 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

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

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
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
-247.20K	-1.04M	-1.02M	-652.96K	-792.28K	-980.74K
	EBITDA
-2.96M	-1.06M	-958.22K	-1.10M	-703.83K	-650.21K
	Net Income Common Stockholders
-3.06M	-2.69M	-3.94M	-2.69M	-2.69M	-4.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
125.70K	31.58K	33.23K	171.40K	191.48K	46.06K
	Total Assets
282.71K	168.35K	99.52K	225.29K	278.03K	83.48K
	Total Debt
3.95M	3.66M	3.92M	2.53M	3.16M	2.60M
	Net Debt
3.82M	3.63M	3.89M	2.35M	2.97M	2.55M
	Total Liabilities
7.01M	5.01M	4.85M	3.70M	4.47M	4.36M
	Stockholders Equity
-6.72M	-4.84M	-4.75M	-3.47M	-4.19M	-4.28M
Cash Flow		Free Cash Flow
-625.92K	-1.09M	-997.03K	-768.04K	-760.57K	-982.44K
	Operating Cash Flow
-625.92K	-1.08M	-997.03K	-762.77K	-760.57K	-982.44K
	Investing Cash Flow
0.00	-2.04K	0.00	-5.27K	0.00	0.00
	Financing Cash Flow
720.04K	1.08M	858.86K	747.96K	906.00K	821.66K

Micromem Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 40.94 is Neutral, neither overbought nor oversold. The STOCH value of 41.03 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 *	60 Neutral	$10.96B	10.27	-6.73%	2.97%	7.73%	-11.60%
MHUB	57 Neutral	C$40.66M	―	-1039.25%	―	51.52%	50.73%
DEFI	52 Neutral	C$51.06M	2.64	-206.41%	―	109.65%	-22.41%
MRM	27 Underperform	C$40.91M	44.74		―	―	76.58%

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.