Micromem Technologies Inc. specializes in designing and developing customized sensor applications using proprietary technology. The company faces significant concerns, notably a very low current ratio of 0.04, indicating liquidity issues, and a negative return on assets of -133.4%, suggesting poor profitability. The stock price at $0.01 and a market cap of $9.50M reflect a lack of investor confidence. Overall, while the technology may have potential, the financial health raises red flags that warrant caution for potential investors.
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Company has $223K in cash but burned $333K last quarter. At this burn rate, only 0.7 quarters of runway remain without additional financing.
Company posted a loss of $-1.5M over the last year, representing Infinity% of revenue.
Debt of $4.7M is 20.8x the company's cash position of $223K.
Operating cash flow has been negative for 3 consecutive quarters, burning $1.3M over the last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2026-Q1 (January 31, 2026)