MMTI.F Stock Overview
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.
Micromem Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$0.042|
|52 Week High||US$0.12|
|52 Week Low||US$0.025|
|1 Month Change||20.17%|
|3 Month Change||40.00%|
|1 Year Change||-37.31%|
|3 Year Change||111.05%|
|5 Year Change||-65.00%|
|Change since IPO||-99.16%|
Recent News & Updates
|MMTI.F||US Electronic||US Market|
Return vs Industry: MMTI.F underperformed the US Electronic industry which returned -24.1% over the past year.
Return vs Market: MMTI.F underperformed the US Market which returned -23.2% over the past year.
|MMTI.F Average Weekly Movement||26.3%|
|Electronic Industry Average Movement||6.7%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: MMTI.F is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 26% a week.
Volatility Over Time: MMTI.F's weekly volatility (26%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
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 Fundamentals Summary
|MMTI.F fundamental statistics|
Is MMTI.F overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MMTI.F income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jul 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.0031|
|Net Profit Margin||0.00%|
How did MMTI.F perform over the long term?See historical performance and comparison
Is MMTI.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MMTI.F?
Other financial metrics that can be useful for relative valuation.
|What is MMTI.F's n/a Ratio?|
Price to Book Ratio vs Peers
How does MMTI.F's PB Ratio compare to its peers?
|MMTI.F PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
DGLY Digital Ally
AATC Autoscope Technologies
QNGY Quanergy Systems
MMTI.F Micromem Technologies
Price-To-Book vs Peers: MMTI.F is good value based on its Price-To-Book Ratio (-3.6x) compared to the peer average (1.1x).
Price to Earnings Ratio vs Industry
How does MMTI.F's PE Ratio compare vs other companies in the US Electronic Industry?
Price-To-Book vs Industry: MMTI.F is good value based on its Price-To-Book Ratio (-3.6x) compared to the US Electronic industry average (1.6x)
Price to Book Ratio vs Fair Ratio
What is MMTI.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||-3.6x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate MMTI.F's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of MMTI.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate MMTI.F's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate MMTI.F's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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- Take a look at our analysis of MMTI.F's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Micromem Technologies regulatory filings here.
How is Micromem Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Micromem Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
- Take a look at our analysis of MMTI.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Micromem Technologies's filings and announcements here.
How has Micromem Technologies performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMTI.F is currently unprofitable.
Growing Profit Margin: MMTI.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MMTI.F is unprofitable, but has reduced losses over the past 5 years at a rate of 25% per year.
Accelerating Growth: Unable to compare MMTI.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MMTI.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (20.1%).
Return on Equity
High ROE: MMTI.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
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How is Micromem Technologies's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MMTI.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MMTI.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MMTI.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MMTI.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MMTI.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MMTI.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 29% each year.
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What is Micromem Technologies's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Micromem Technologies Dividend Yield vs Market|
|Company (Micromem Technologies)||n/a|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Electronic)||1.8%|
|Analyst forecast in 3 Years (Micromem Technologies)||n/a|
Notable Dividend: Unable to evaluate MMTI.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MMTI.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MMTI.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MMTI.F's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MMTI.F has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Fuda (61 yo)
Mr. Joseph Fuda, also known as Joe, serves as the Chief Executive Officer, President and Director at Micromem Technologies Inc. since February 13, 2002. Mr. Fuda has been the Chief Executive Officer of Ech...
CEO Compensation Analysis
|Joe Fuda's Compensation vs Micromem Technologies Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jul 31 2022||n/a||n/a|
|Apr 30 2022||n/a||n/a|
|Jan 31 2022||n/a||n/a|
|Oct 31 2021||US$168k||US$82k|
|Jul 31 2021||n/a||n/a|
|Apr 30 2021||n/a||n/a|
|Jan 31 2021||n/a||n/a|
|Oct 31 2020||US$18k||US$18k|
|Jul 31 2020||n/a||n/a|
|Apr 30 2020||n/a||n/a|
|Jan 31 2020||n/a||n/a|
|Oct 31 2019||US$5k||US$5k|
|Jul 31 2019||n/a||n/a|
|Apr 30 2019||n/a||n/a|
|Jan 31 2019||n/a||n/a|
|Oct 31 2018||US$16k||n/a|
|Jul 31 2018||n/a||n/a|
|Apr 30 2018||n/a||n/a|
|Jan 31 2018||n/a||n/a|
|Oct 31 2017||US$419k||US$319k|
|Jul 31 2017||n/a||n/a|
|Apr 30 2017||n/a||n/a|
|Jan 31 2017||n/a||n/a|
|Oct 31 2016||US$354k||US$354k|
|Jul 31 2016||n/a||n/a|
|Apr 30 2016||n/a||n/a|
|Jan 31 2016||n/a||n/a|
|Oct 31 2015||US$151k||US$151k|
Compensation vs Market: Joe's total compensation ($USD168.25K) is below average for companies of similar size in the US market ($USD774.31K).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
Experienced Management: MMTI.F's management team is considered experienced (4.1 years average tenure).
Experienced Board: MMTI.F's board of directors are seasoned and experienced ( 12 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Micromem Technologies Inc.'s employee growth, exchange listings and data sources
- Name: Micromem Technologies Inc.
- Ticker: MMTI.F
- Exchange: OTCPK
- Founded: 1985
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: US$19.401m
- Shares outstanding: 461.94m
- Website: https://www.micromeminc.com
Number of Employees
- Micromem Technologies Inc.
- 121 Richmond Street West
- Suite 304
- M5H 2K1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MMTI.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1999|
|MRM||CNSX (Canadian National Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 1999|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/01 00:00|
|End of Day Share Price||2022/09/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.