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Micromem Technologies
(MRM)
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Rating:42Neutral
Price Target:
C$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:09/29/26
The score is driven primarily by very weak financial performance (negligible revenue, persistent losses, ongoing cash burn, and a stressed balance sheet with negative equity). Technical conditions add pressure with the stock trading below key moving averages and negative MACD. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data to offset risk.
Positive Factors
Improving Net Loss Scale
A reduction in the scale of net losses is a modest improvement in financial performance and may indicate some progress in cost control or operations. However, the benefit remains limited because the company still lacks sustainable revenue and remains materially unprofitable.
Negative Factors
No Sustainable Revenue Base
Essentially no revenue across reported periods indicates that Micromem has not yet demonstrated a durable commercial engine. Without a sustainable revenue base, operating costs cannot be reliably covered internally, limiting visibility into future growth and earnings generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Net Loss Scale
A reduction in the scale of net losses is a modest improvement in financial performance and may indicate some progress in cost control or operations. However, the benefit remains limited because the company still lacks sustainable revenue and remains materially unprofitable.
Read all positive factors
Micromem Technologies (MRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$9.50M
Dividend YieldN/A
Average Volume (3M)186.02K
Price to Earnings (P/E)―
Beta (1Y)-0.04
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. Volume228,584
30 Day Avg. Volume186,022
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
50.00
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 0.02 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 50.00 is Neutral, 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$26.51M | -2.75 | -27.17% | ― | 258.49% | -111.67% | |
46 Neutral | C$294.78M | -11.11 | -169.28% | ― | 21.04% | -537.21% | |
42 Neutral | C$9.50M | -5.27 | 20.29% | ― | ― | 67.50% | |
41 Neutral | C$22.40M | -1.53 | 393.39% | ― | 74.84% | -25.76% |
* Technology Sector Average
TSE:MRM
Micromem Technologies
0.02
-0.04
-72.73%
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Micromem Technologies Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Micromem Shifts to Semi-Annual Reporting and Sets December AGM
Neutral
Sep 28, 2026
Micromem Technologies has opted into a semi-annual financial reporting regime, meaning it will no longer file third-quarter interim statements and will instead publish results twice a year for its fiscal year ending October 31 and the first six mo...
Business Operations and StrategyPrivate Placements and Financing
Micromem Raises C$148,840 in Private Placement and Extends Warrants
Positive
Sep 16, 2026
Micromem Technologies has closed a non-brokered private placement, raising approximately C$148,840 through the issuance of 5,953,600 units priced at C$0.025, each comprising one common share and a three-year warrant at C$0.05, with all securities ...
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.