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Micromem Technologies
(MRM)
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Rating:41Neutral
Price Target:
C$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by very weak financial performance—negligible revenue, ongoing losses/cash burn, and negative equity with meaningful debt—creating high funding and balance-sheet risk. Technicals add downside pressure with price below key moving averages and a negative MACD. Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend support is indicated.
Positive Factors
Technology Development Focus
A defined focus on sensor, embedded, IoT, and mobile-computing technologies gives the company a potentially coherent platform for developing commercial products. If successfully converted into sales, this technical specialization could support differentiated offerings and create a foundation for longer-term operating leverage.
Negative Factors
No Sustainable Revenue Base
Essentially no reported revenue and continuing operating losses indicate that the company has not yet demonstrated a durable commercial engine. Without a sustainable sales base, future performance depends heavily on successfully commercializing its technology, making earnings quality and multi-quarter visibility exceptionally weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Technology Development Focus
A defined focus on sensor, embedded, IoT, and mobile-computing technologies gives the company a potentially coherent platform for developing commercial products. If successfully converted into sales, this technical specialization could support differentiated offerings and create a foundation for longer-term operating leverage.
Read all positive factors
Micromem Technologies (MRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.66M
Dividend YieldN/A
Average Volume (3M)105.54K
Price to Earnings (P/E)―
Beta (1Y)-0.47
Revenue GrowthN/A
EPS Growth67.50%
CountryCA
Employees3
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding633,038,000
10 Day Avg. Volume115,682
30 Day Avg. Volume105,541
Financial Highlights & Ratios
PEG Ratio0.36
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., specializes in developing and marketing bespoke sensor applications. These innovative solutions are built upon its exclusive proprietary technology and ar...
How the Company Makes Money
Publicly available, company-specific detail sufficient to describe Micromem Technologies’ current revenue model (e.g., confirmed product lines generating sales, customer categories, contract structure, recurring vs. one-time revenue, and named mat...
Micromem Technologies Financial Statement Overview
Summary
Income Statement
7
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.21K | -16.60K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -75.48K | 327.33K | -597.00K | -1.05M | -958.00K | -1.10M |
| Net Income | -1.18M | -668.13K | -3.06M | -2.69M | -2.29M | -1.01M |
Balance Sheet | ||||||
| Total Assets | 85.13K | 308.34K | 282.71K | 168.35K | 99.52K | 225.29K |
| Cash, Cash Equivalents and Short-Term Investments | 28.46K | 250.05K | 125.70K | 31.58K | 33.23K | 171.40K |
| Total Debt | 4.74M | 3.53M | 3.95M | 3.66M | 3.92M | 2.57M |
| Total Liabilities | 5.85M | 5.91M | 7.01M | 5.01M | 4.85M | 3.70M |
| Stockholders Equity | -5.76M | -5.60M | -6.72M | -4.84M | -4.75M | -3.47M |
Cash Flow | ||||||
| Free Cash Flow | -1.07M | -1.32M | -625.92K | -1.09M | -997.03K | -768.04K |
| Operating Cash Flow | -1.30M | -1.32M | -625.92K | -1.08M | -997.03K | -762.77K |
| Investing Cash Flow | -2.72K | -2.73K | 0.00 | -2.04K | 0.00 | -5.27K |
| Financing Cash Flow | 1.01M | 1.45M | 720.04K | 1.08M | 858.86K | 747.96K |
Micromem Technologies Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
43.38
Neutral
100.00
Negative
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 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.38 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$224.52M | -11.64 | -169.28% | ― | 21.04% | -537.21% | |
45 Neutral | C$29.10M | -2.75 | -27.17% | ― | 258.49% | -111.67% | |
43 Neutral | C$26.19M | -1.92 | 393.39% | ― | 74.84% | -25.76% | |
41 Neutral | C$12.66M | -5.44 | 20.29% | ― | ― | 67.50% |
* Technology Sector Average
TSE:MRM
Micromem Technologies
0.02
-0.05
-75.00%
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Micromem Technologies Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Micromem Plans Private Placement to Bolster Working Capital and Reduce Debt
Neutral
Sep 4, 2026
Micromem Technologies has announced plans for a non-brokered private placement of common share units priced at CAD $0.025 per unit, for gross proceeds of up to CAD $160,000, with the possibility of a 50% discretionary increase. Each unit will incl...
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.